LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global advanced baby monitor market size and it is poised to grow by USD 191.36 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• Based on segmentation by product, which is the leading segment in the market?
  
  The under the mattress segment is the leading product in the advanced baby monitor market.
• What are the major trends in the market?
  
  The growing prominence of product bundling strategy is a key trend in the market.
• At what rate is the market projected to grow?
  
  The market is expected to grow at a CAGR of almost 6% during the forecast period.
• Who are the top players in the market?
  
  Angelcare Monitor Inc., Hisense Ltd., iBabyGuard International Pte Ltd., JABLOTRON Group AS, Mayborn Group Ltd., MonDevices Inc., Owlet Baby Care, Respisense, Safetosleep, and Snuza International Pty Ltd. are some of the major market participants.
• What are the key market drivers and challenges?
  
  The innovation in technology, product design and feature is one of the key factors driving the market. However, the lack of awareness and high price of advanced baby monitors might hamper the market growth.
• How big is the Europe market?
  
  Europe will contribute 38% of the market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Angelcare Monitor Inc., Hisense Ltd., iBabyGuard International Pte Ltd., JABLOTRON Group AS, Mayborn Group Ltd., MonDevices Inc., Owlet Baby Care, Respisense, Safetosleep, and Snuza International Pty Ltd. are some of the major market participants. The innovation in technology, product design and features will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Advanced Baby Monitor Market 2020-2024: Segmentation

Advanced Baby Monitor Market is segmented as below:

• Product
  • Under The Mattress
  • Diaper Attachment
  • Smart Wearable
  • Other Formats
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • MEA
• Distribution channel

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Advanced Baby Monitor Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The advanced baby monitor market report covers the following areas:

• Advanced Baby Monitor Market Size
• Advanced Baby Monitor Market Trends
• Advanced Baby Monitor Market Industry Analysis

This study identifies the growing prominence of product bundling strategy as one of the prime reasons driving the Advanced Baby Monitor Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Advanced Baby Monitor Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist advanced baby monitor market growth during the next five years
• Estimation of the advanced baby monitor market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the advanced baby monitor market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of advanced baby monitor market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Under the mattress – Market size and forecast 2019-2024
• Diaper attachment – Market size and forecast 2019-2024
• Smart wearable – Market size and forecast 2019-2024
• Other formats – Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline – Market size and forecast 2019-2024
• Online – Market size and forecast 2019-2024
• Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe – Market size and forecast 2019-2024
• North America – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Angelcare Monitor Inc.
• Hisense Ltd.
• iBabyGuard International Pte Ltd.
• JABLOTRON Group AS
• Mayborn Group Ltd.
• MonDevices Inc.
• Owlet Baby Care
• Respisense
• Safetosleep
• Snuza International Pty Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.