Baby monitors market is likely to witness an impressive CAGR of 10.2% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Microwave Oven Market
Baby monitors market is likely to witness an impressive CAGR of 10.2% during the forecast period. The growing awareness regarding child safety among working parents, increasing number of working women in countries, such as China, the USA, and Canada, and the rapid penetration of smartphones to drive the baby monitors market during the forecast period.
North America is estimated to lead the baby monitors market during the forecast period, driven by the growing trend of nuclear families, increasing spending capability of people, and the increasing awareness about the advantages offered by using such device.
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Report Scope & Market Segmentation
Based on the product type, the market is segmented as audio baby monitor, video baby monitor, and motion sensor baby monitor. Video baby monitors dominate the market due to the benefits offered by them, such as real-time video and audio transmission, heart rate monitoring, and temperature sensing.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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