DUBLIN, May 07, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/r5stng/global_baby) has announced the addition of the "Global Baby Monitor Market 2015-2019" report to their offering.
The Global Baby Monitor market to grow at a CAGR 8.63% over the period 2014-2019
This report covers the present scenario and the growth prospects of the Global Baby Monitor market for the period 2015-2019. To calculate market size, the report considers the unit shipment of baby monitors worldwide.
Baby monitor is a device used for monitoring the baby's activities when the parents are not present in the room. It can transmit audio as well as video. The basic baby monitor utilizes a radio transmitter. The baby's sounds are transferred to a receiver that has an inbuilt speaker, which enables the listener to hear the child's voice from various locations that are within range.
Increased demand from emerging economies is one key trend gaining momentum in this market. The rise in demand can be attributed to growing per capita and disposable income, growing concerns about health and child care, changing lifestyles, and improved retailing.
According to the report, growing online retailing is one of the major factors driving the growth of this market. The growing number of online websites offering a wide range of baby monitors has increased the demand for these products, especially among working parents who seek easy accessibility and convenience.
Further, the report states that one key challenge that the market faces is the declining birth rates caused by high unemployment and low fertility rate in several developing countries, which has deterred people from having children.
- Koninklijke Philips
- Lorex Canada
- Samsung Electronics
Other Prominent Vendors
- iBaby Labs
- Safety Ist
- Shenzhen Foscam Intelligent Technology
- Summer Infant
For more information visit http://www.researchandmarkets.com/research/r5stng/global_baby
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SOURCE Research and Markets