Offline Segment to Dominate Europe Smart Baby Monitor Market during 2020-2028
According to this research study titled “Europe Smart Baby Monitor Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Sales Channel, and Application,” the market is expected to reach US$ 453.67 million by 2028 from US$ 241.79 million in 2020. The market is estimated to grow at a CAGR of 8.3 % from 2021 to 2028. The report provides trends prevailing in the Europe smart baby monitor market along with the drivers and restraints pertaining to the market growth. Mounting number of corporate daycare/childcare centers and escalating number of working parents are the major factor driving the growth of the Europe smart baby monitor market. However, issues related to privacy of smart baby monitor devices hinder the growth of Europe smart baby monitor market.
In case of COVID-19, the UK and Russia are the most affected country in Europe. Owing to the outbreak of COVID-19 electronics equipment has been affected massively. The outbreak of the virus has distrusted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. Moreover, due the disrupted supply chain of hardware components of smart baby monitors the market has been significantly affected as deployment of smart baby monitor has been delayed. Furthermore, the recent imposition of containment measure owing to the spread of newly mutated strain might further hamper the market in this region. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the smart baby monitor market till first two quarters of 2021.
The Europe smart baby monitor market is segmented based on type, sales channel, application, and country. The Europe smart baby monitor market, based on type, is segmented into video monitor device and audio monitor device. The video monitor device segment dominated the market in 2020 and audio monitor device segment is expected to be fastest growing during forecast period. Based on sales channel, the market is segmented into online and offline. The offline segment dominated the market in 2020 and online segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into home/family, hospitals, and day care. The home/family segment dominated the market in 2020 and day care segment is expected to be fastest growing during forecast period.
Angelcare, Babysense (Hisense), Dorel Industries, Lorex, Motorola Mobility LLC, Owlet Baby Care, PAMPERSï¼P&Gï¼, Philips, Samsung, Snuza, Summer Infant, Vtech, and Withings are among the leading companies in the Europe smart baby monitor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Philips and the Dutch development bank FMO combine forces to accelerate universal health coverage in Africa.
The report segments the Europe Smart Baby Monitor Market as follows:
Europe Smart Baby Monitor Market - By Type
Europe Smart Baby Monitor Market - By Sales Channel
Europe Smart Baby Monitor Market - By Application
Europe Smart Baby Monitor Market - By Country
According to this research study titled “Europe Smart Baby Monitor Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Sales Channel, and Application,” the market is expected to reach US$ 453.67 million by 2028 from US$ 241.79 million in 2020. The market is estimated to grow at a CAGR of 8.3 % from 2021 to 2028. The report provides trends prevailing in the Europe smart baby monitor market along with the drivers and restraints pertaining to the market growth. Mounting number of corporate daycare/childcare centers and escalating number of working parents are the major factor driving the growth of the Europe smart baby monitor market. However, issues related to privacy of smart baby monitor devices hinder the growth of Europe smart baby monitor market.
In case of COVID-19, the UK and Russia are the most affected country in Europe. Owing to the outbreak of COVID-19 electronics equipment has been affected massively. The outbreak of the virus has distrusted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. Moreover, due the disrupted supply chain of hardware components of smart baby monitors the market has been significantly affected as deployment of smart baby monitor has been delayed. Furthermore, the recent imposition of containment measure owing to the spread of newly mutated strain might further hamper the market in this region. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the smart baby monitor market till first two quarters of 2021.
The Europe smart baby monitor market is segmented based on type, sales channel, application, and country. The Europe smart baby monitor market, based on type, is segmented into video monitor device and audio monitor device. The video monitor device segment dominated the market in 2020 and audio monitor device segment is expected to be fastest growing during forecast period. Based on sales channel, the market is segmented into online and offline. The offline segment dominated the market in 2020 and online segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into home/family, hospitals, and day care. The home/family segment dominated the market in 2020 and day care segment is expected to be fastest growing during forecast period.
Angelcare, Babysense (Hisense), Dorel Industries, Lorex, Motorola Mobility LLC, Owlet Baby Care, PAMPERSï¼P&Gï¼, Philips, Samsung, Snuza, Summer Infant, Vtech, and Withings are among the leading companies in the Europe smart baby monitor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Philips and the Dutch development bank FMO combine forces to accelerate universal health coverage in Africa.
The report segments the Europe Smart Baby Monitor Market as follows:
Europe Smart Baby Monitor Market - By Type
- Video Monitor Device
- Audio Monitor Device
Europe Smart Baby Monitor Market - By Sales Channel
- Online
- Offline
Europe Smart Baby Monitor Market - By Application
- Home/Family
- Hospitals
- Day Care
Europe Smart Baby Monitor Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Smart Baby Monitor Market Landscape
5. Europe Smart Baby Monitor Market - Key Industry Dynamics
6. Smart Baby Monitor Market - Europe Analysis
7. Europe Smart Baby Monitor Market Analysis - By Type
8. Europe Smart Baby Monitor Market Analysis - By Sales Channel
9. Europe Smart Baby Monitor Market Analysis - By Application
10. Europe Smart Baby Monitor Market - Country Analysis
11. Impact of COVID-19 Pandemic on Europe Smart Baby Monitor Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Angelcare
- Babysense (Hisense)
- Dorel Industries
- Lorex
- Motorola Mobility LLC
- Owlet Baby Care
- PAMPERS?P&G?
- Philips
- Samsung
- Snuza
- Summer Infant
- Vtech
- Withings
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 125 |
Published | May 2021 |
Forecast Period | 2020 - 2028 |
Estimated Market Value ( USD | $ 241.79 Million |
Forecasted Market Value ( USD | $ 453.67 Million |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Europe |