Smart Baby Monitor Market Size Report, Trend Analysis and Forecast 2030

Smart Baby Monitor Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Video Monitor Device and Audio Monitor Device), Sales Channel (Online and Offline), and Application (Home/Family, Hospitals, and Day Care)  

  • Report Code : TIPRE00010299
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 155
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[Research Report] The smart baby monitor market is expected to grow from US$ 1.22 billion in 2022 and is expected to reach US$ 2.28 billion by 2030; it is estimated to record a CAGR of 8.1% from 2022 to 2030.

Analyst Perspective:

Increasing preference for online retailing and rising spending on baby products are among other factors contributing to the smart baby monitor market. However, ensuring data security is a major challenge faced by the market players, as these products are primarily used to track the movements and other activities of babies in their personal space. The smart baby monitor market is evolving with ongoing technological innovations, particularly in video and Wi-Fi technologies. The growing number of nuclear families and working parents worldwide is boosting the adoption of smart baby monitoring devices. Working parents are strongly looking for daycare centers or nannies to take care of their children when they are not home. The rise in concerns associated with child safety is also making them purchase smart baby monitoring devices. Also, the number of working mothers is on the rise in developed and developing countries such as the US, Canada, China, and India. Smart baby monitoring products help parents carry out their activities efficiently without being stressed about their babies' activities and safety. These systems facilitate real-time communication between parents and their children through smartphones. Thus, the increasing penetration of smartphones will support the growth of the market during the forecast period.

Smart Baby Monitor Market Overview:

A smart baby monitor enables parents to watch, talk to, and soothe their child from anywhere. It uses many sensors to assess the baby and alert the parents of any changes. A smart baby monitor keeps track of a baby's sleeping patterns, heart rate, and the surrounding temperature, among others. The increasing number of nuclear families, with upgraded lifestyles and both parents employed, have opened new opportunities for several businesses, including baby care products such as smart baby monitors.

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Smart Baby Monitor Market: Strategic Insights

smart-baby-monitor-market
Market Size Value inUS$ 1.22 billion in 2022
Market Size Value byUS$ 2.28 billion by 2030
Growth rateCAGR of 8.1% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Smart Baby Monitor Market Driver:

Increasing Number of Working Parents Drive Smart Baby Monitor Market Growth

In the past few years, the trend of living in a nuclear family has been rising as it offers more financial stability than a joint family. Migration from villages to cities for education and jobs has been another prominent factor driving the rise in the number of nuclear families. Thus, to maintain the cost of living, both parents work, which is boosting the number of working parents across various countries such as the US, India, China, and Canada. Working parents are looking for nannies or daycare facilities to take care of their kids when they are not home. The rising concerns correlated with child safety encourage them to purchase smart baby monitoring devices. Smart baby monitoring products assist parents in carrying out their activities effectively without being worried about their children's activities and safety. These systems assist in real-time communication among parents and their children through smartphones. With the rise in penetration of smartphones, parents are increasingly installing apps to monitor their babies.

Further, the rising purchasing power of the populations across developing countries such as Brazil, India, and Thailand allows them to spend more on their kids' safety. Hence, there is a constant expansion of online sales channels, as it offers consumers easy access to a variety of products. Thus, to cater to the demand for smart baby monitors among working parents, market players launched various solutions. For example, in April 2021, Miku launched the Miku Pro Smart Baby Monitor, which was developed to connect parents to their babies. The product’s proprietary SensorFusion technology helps the parents to track breathing and sleeping patterns with no physical contact, which delivers enhanced safety for the baby. Thus, the increasing number of working parents drives the smart baby monitor market.

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Report Segmentation and Scope:

The smart baby monitor market is segmented on the basis of type, sales channel, application, and geography. Based on type, the smart baby monitor market is bifurcated into video monitor devices and audio monitor devices. In terms of sales channel, the market is divided into online and offline. Based on application, the smart baby monitor market is segmented into home/family, hospitals, and day care. By geography, the smart baby monitor market is categorized into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

Smart Baby Monitor Market Segmental Analysis:

Based on type, the smart baby monitor market is bifurcated into video monitor devices and audio monitor devices. The video monitor devices segment held a larger smart baby monitor market share in 2022 and is anticipated to record a higher CAGR in the market during the forecast period. A video monitor can help observe babies from a distance or track their heart rate or breathing. A video monitor is a display device that enables one to observe the output from a piece of video equipment, such as a camera or video player. They are often called reference monitors, as an individual refers to them to make sure the video is working properly. The video monitor device has several advantages, such as remote monitoring in which parents can keep an eye on their baby from anywhere using a smartphone or tablet, providing convenience and comfort. It has also enhanced night vision capabilities to ensure clear video feed in low-light conditions, enabling continuous monitoring during nighttime. As the video monitor device has several benefits, it is gaining traction in the smart baby monitor market.

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Regional Analysis:

North America held the largest smart baby monitor market share in 2022. The US, Canada, and Mexico are among the key countries in North America. The US and Canada are among the region's most advanced countries as they are at the forefront of adopting technologies in almost all sectors. Moreover, the presence of significant smart baby monitoring system providers and the widespread awareness regarding these solutions propel the market growth in North America. Moreover, there is high acceptance of smart baby monitors in the region as it is an early adopter of advanced technologies. These products allow parents to remotely track and monitor the movements of their babies.

A continuous contribution of companies and research organizations to technological advancements leads to healthy competition among various market players in the region. Moreover, the population in this region is more inclined toward technological developments due to high spending power. To address the growing consumer demands for high-quality products and services, companies in North America are continuously enhancing their overall business processes. Moreover, the availability of funding or ease of raising funds through joint ventures, partnerships, and other similar strategies is a key factor encouraging the smart baby monitoring market players to bring advancements in their monitoring system portfolios. For instance, in May 2020, Nanit, a maker of wearable baby sleep trackers and monitors, received funding of ~US$ 21 million after entering into a joint venture with Jerusalem Venture Partners (JVP), RRE Ventures, Upfront Ventures, and Rho Capital Partners. A few of the well-known market players present in North America are Dorel Industries Inc.; Angelcare Monitors Inc.; Summer Infant, Inc.; Samsung Electronics; Google Inc.; Koninklijke Philips N.V; and Nokia Corporation, among others.  

Key Player Analysis:

Allen & Heath Ltd; VTech Holdings Ltd; Koninklijke Philips NV; Samsung Electronics Co Ltd.; Panasonic Holdings Corp; iBaby Labs, Inc.; INFANT OPTICS; Snuza; Dorel Industries Inc; NETGEAR; and Withings are the key smart baby monitor market players profiled in the report.

Recent Developments: 

The smart baby monitor market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below: 

  • In 2022, Nanit introduced a smart baby monitor that can measure breathing movements and offers best-in-class connectivity as well as high-quality audio and video functions. The “Nanit Pro” smart monitor allows parents to connect with their babies in real-time and has a notification feature that alerts them to baby activity.
  • In 2022, as part of its expanding product line, EZVIZ, a smart home camera business, has announced its first artificial intelligence (AI)-powered small baby monitor. The EZVIZ infant Monitor 1 is meant to fit into any infant room due to its palm-sized size and visually appealing design. This is a fully portable, battery-powered device that can be brought almost anywhere.
  • In 2022, VTech Communications introduced the VTech DM221 Audio Baby Monitor, which has a nightlight and a long-range audio range.
  • In 2022, Bonoch, a new childcare product business, launched its latest innovation to help families with multiple children. Bonoch's latest video baby monitor features two HD cameras that feed data to a 7-inch split-screen monitor, allowing users to focus on several perspectives at the same time.
  • In 2021, Cubo Al has launched a sleep monitoring pad. This sleep-sensing pad can detect breathing patterns and record the baby's sleep data. This smart pad is compatible with its award-winning baby monitor, providing parents with complete satisfaction and safety assurance.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Sales Channel, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which are the key players holding the major market share of smart baby monitor market?

The key players, holding majority shares, in smart baby monitor market includes VTech Holdings Ltd, Motorola Mobility LLC, Panasonic Holdings Corp, Summer Infant Inc, and Nanit.

Which is the fastest growing country market?

India is anticipated to grow with the highest CAGR over the forecast period.

Which country is holding the major market share of smart baby monitor market?

The US held the largest market share in 2022, followed by Canada.

What will be the market size for the smart baby monitor market by 2030?

The smart baby monitor market is expected to reach US$ 2.28 billion by 2030

What is the estimated global market size for the smart baby monitor market in 2022?

The smart baby monitor market was US$ 1.22 billion in the year 2022 and is expected to grow at a CAGR of 8.1%, during 2022 - 2030.

What are the driving factors impacting the smart baby monitor market?

The increasing number of working parents, the rising number of corporate day care/childcare centers, and strategic initiatives by market players are one of the key drivers of the smart baby monitor market.

What are the future trends of the smart baby monitor market?

The AI based smart baby monitors can be a beneficial trend for the Smart baby monitor market.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Smart Baby Monitor Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in Value Chain:

5. Smart Baby Monitor Market - Key Industry Dynamics

5.1 Drivers

5.1.1 Increasing Number of Working Parents

5.1.2 Rising Number of Corporate Daycare/Childcare Centers

5.1.3 Strategic Initiatives by Market Players

5.2 Market Restraints

5.2.1 Privacy Concerns Associated with Smart Baby Monitor Devices

5.3 Market Opportunities

5.3.1 Rising Population of Tech-Savvy Millennial Parents

5.3.2 Rise in Smart Home

5.4 Future Trends

5.4.1 AI-Based Smart Baby Monitors

5.5 Impact of Drivers and Restraints:

6. Smart Baby Monitor Market - Global Market Analysis

6.1 Smart Baby Monitor Market Overview

6.2 Smart Baby Monitor Market Revenue (US$ Million), 2022 – 2030

6.3 Smart Baby Monitor Market Forecast and Analysis

7. Smart Baby Monitor Market Analysis - Type

7.1 Video Monitor Device

7.1.1 Overview

7.1.2 Video Monitor Device Market Revenue and Forecasts To 2030 (US$ Million)

7.2 Audio Monitor Device

7.2.1 Overview

7.2.2 Audio Monitor Device Market Revenue and Forecasts To 2030 (US$ Million)

8. Smart Baby Monitor Market Analysis - Sales Channel

8.1 Online

8.1.1 Overview

8.1.2 Online Market Revenue and Forecasts To 2030 (US$ Million)

8.2 Offline

8.2.1 Overview

8.2.2 Offline Market Revenue and Forecasts To 2030 (US$ Million)

9. Smart Baby Monitor Market Analysis – Application

9.1 Home/Family

9.1.1 Overview

9.1.2 Home/Family Market Revenue and Forecasts To 2030 (US$ Million)

9.2 Hospitals

9.2.1 Overview

9.2.2 Hospitals Market Revenue and Forecasts To 2030 (US$ Million)

9.3 Day Care

9.3.1 Overview

9.3.2 Day Care Market Revenue and Forecasts To 2030 (US$ Million)

10. Smart Baby Monitor Market - Geographical Analysis

10.1 North America

10.1.1 North America Smart Baby Monitor Market Overview

10.1.2 North America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.3 North America Smart Baby Monitor Market Breakdown by Type

10.1.3.1 North America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

10.1.4 North America Smart Baby Monitor Market Breakdown by Sales Channel

10.1.4.1 North America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

10.1.5 North America Smart Baby Monitor Market Breakdown by Application

10.1.5.1 North America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

10.1.6 North America Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Countries

10.1.6.1 US Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.6.1.1 US Smart Baby Monitor Market Breakdown by Type

10.1.6.1.2 US Smart Baby Monitor Market Breakdown by Sales Channel

10.1.6.1.3 US Smart Baby Monitor Market Breakdown by Application

10.1.6.2 Canada Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.6.2.1 Canada Smart Baby Monitor Market Breakdown by Type

10.1.6.2.2 Canada Smart Baby Monitor Market Breakdown by Sales Channel

10.1.6.2.3 Canada Smart Baby Monitor Market Breakdown by Application

10.1.6.3 Mexico Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.6.3.1 Mexico Smart Baby Monitor Market Breakdown by Type

10.1.6.3.2 Mexico Smart Baby Monitor Market Breakdown by Sales Channel

10.1.6.3.3 Mexico Smart Baby Monitor Market Breakdown by Application

10.2 Europe

10.2.1 Europe Smart Baby Monitor Market Overview

10.2.2 Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.3 Europe Smart Baby Monitor Market Breakdown by Type

10.2.3.1 Europe Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Type

10.2.4 Europe Smart Baby Monitor Market Breakdown by Sales Channel

10.2.4.1 Europe Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Sales Channel

10.2.5 Europe Smart Baby Monitor Market Breakdown by Application

10.2.5.1 Europe Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Application

10.2.6 Europe Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Countries

10.2.6.1 France Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.1.1 France Smart Baby Monitor Market Breakdown by Type

10.2.6.1.2 France Smart Baby Monitor Market Breakdown by Sales Channel

10.2.6.1.3 France Smart Baby Monitor Market Breakdown by Application

10.2.6.2 Germany Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.2.1 Germany Smart Baby Monitor Market Breakdown by Type

10.2.6.2.2 Germany Smart Baby Monitor Market Breakdown by Sales Channel

10.2.6.2.3 Germany Smart Baby Monitor Market Breakdown by Application

10.2.6.3 UK Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.3.1 UK Smart Baby Monitor Market Breakdown by Type

10.2.6.3.2 UK Smart Baby Monitor Market Breakdown by Sales Channel

10.2.6.3.3 UK Smart Baby Monitor Market Breakdown by Application

10.2.6.4 Italy Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.4.1 Italy Smart Baby Monitor Market Breakdown by Type

10.2.6.4.2 Italy Smart Baby Monitor Market Breakdown by Sales Channel

10.2.6.4.3 Italy Smart Baby Monitor Market Breakdown by Application

10.2.6.5 Russia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.5.1 Russia Smart Baby Monitor Market Breakdown by Type

10.2.6.5.2 Russia Smart Baby Monitor Market Breakdown by Sales Channel

10.2.6.5.3 Russia Smart Baby Monitor Market Breakdown by Application

10.2.6.6 Rest of Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.6.1 Rest of Europe Smart Baby Monitor Market Breakdown by Type

10.2.6.6.2 Rest of Europe Smart Baby Monitor Market Breakdown by Sales Channel

10.2.6.6.3 Rest of Europe Smart Baby Monitor Market Breakdown by Application

10.3 Asia Pacific Smart Baby Monitor Market

10.3.1 Overview

10.3.2 Asia Pacific Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million)

10.3.3 Asia Pacific Smart Baby Monitor Market Breakdown by Type

10.3.3.1 Asia Pacific Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Type

10.3.4 Asia Pacific Smart Baby Monitor Market Breakdown by Sales Channel

10.3.4.1 Asia Pacific Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Sales Channel

10.3.5 Asia Pacific Smart Baby Monitor Market Breakdown by Application

10.3.5.1 Asia Pacific Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Application

10.3.6 Smart baby monitor market Breakdown by Countries

10.3.6.1 Australia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.1.1 Australia Smart Baby Monitor Market Breakdown by Type

10.3.6.1.2 Australia Smart Baby Monitor Market Breakdown by Sales Channel

10.3.6.1.3 Australia Smart Baby Monitor Market Breakdown by Application

10.3.6.2 China Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.2.1 China Smart Baby Monitor Market Breakdown by Type

10.3.6.2.2 China Smart Baby Monitor Market Breakdown by Sales Channel

10.3.6.2.3 China Smart Baby Monitor Market Breakdown by Application

10.3.6.3 India Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.3.1 India Smart Baby Monitor Market Breakdown by Type

10.3.6.3.2 India Smart Baby Monitor Market Breakdown by Sales Channel

10.3.6.3.3 India Smart Baby Monitor Market Breakdown by Application

10.3.6.4 Japan Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.4.1 Japan Smart Baby Monitor Market Breakdown by Type

10.3.6.4.2 Japan Smart Baby Monitor Market Breakdown by Sales Channel

10.3.6.4.3 Japan Smart Baby Monitor Market Breakdown by Application

10.3.6.5 South Korea Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.5.1 South Korea Smart Baby Monitor Market Breakdown by Type

10.3.6.5.2 South Korea Smart Baby Monitor Market Breakdown by Sales Channel

10.3.6.5.3 South Korea Smart Baby Monitor Market Breakdown by Application

10.3.6.6 Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.6.1 Rest of Asia Pacific Smart Baby Monitor Market Breakdown by Type

10.3.6.6.2 Rest of Asia Pacific Smart Baby Monitor Market Breakdown by Sales Channel

10.3.6.6.3 Rest of Asia Pacific Smart Baby Monitor Market Breakdown by Application

10.4 Middle East & Africa

10.4.1 Middle East & Africa Smart Baby Monitor Market Overview

10.4.2 Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Million)

10.4.3 Middle East & Africa Smart Baby Monitor Market Breakdown by Type

10.4.3.1 Middle East & Africa Smart Baby Monitor Market and Forecasts and Analysis - By Type

10.4.4 Middle East & Africa Smart Baby Monitor Market Breakdown by Sales Channel

10.4.4.1 Middle East & Africa Smart Baby Monitor Market and Forecasts and Analysis - By Sales Channel

10.4.5 Middle East & Africa Smart Baby Monitor Market Breakdown by Application

10.4.5.1 Middle East & Africa Smart Baby Monitor Market and Forecasts and Analysis - By Application

10.4.6 Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Countries

10.4.6.1 South Africa Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.1.1 South Africa Smart Baby Monitor Market Breakdown by Type

10.4.6.1.2 South Africa Smart Baby Monitor Market Breakdown by Sales Channel

10.4.6.1.3 South Africa Smart Baby Monitor Market Breakdown by Application

10.4.6.2 Saudi Arabia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.2.1 Saudi Arabia Smart Baby Monitor Market Breakdown by Type

10.4.6.2.2 Saudi Arabia Smart Baby Monitor Market Breakdown by Sales Channel

10.4.6.2.3 Saudi Arabia Smart Baby Monitor Market Breakdown by Application

10.4.6.3 UAE Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.3.1 E Smart Baby Monitor Market Breakdown by Type

10.4.6.3.2 UAE Smart Baby Monitor Market Breakdown by Sales Channel

10.4.6.3.3 UAE Smart Baby Monitor Market Breakdown by Application

10.4.6.4 Rest of Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.4.1 Rest of Middle East & Africa Smart Baby Monitor Market Breakdown by Type

10.4.6.4.2 Rest of Middle East & Africa Smart Baby Monitor Market Breakdown by Sales Channel

10.4.6.4.3 Rest of Middle East & Africa Smart Baby Monitor Market Breakdown by Application

10.5 South & Central America

10.5.1 South & Central America Smart Baby Monitor Market Overview

10.5.2 South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Million)

10.5.3 South & Central America Smart Baby Monitor Market Breakdown by Type

10.5.3.1 South & Central America Smart Baby Monitor Market and Forecasts and Analysis - By Type

10.5.4 South & Central America Smart Baby Monitor Market Breakdown by Sales Channel

10.5.4.1 South & Central America Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Sales Channel

10.5.5 South & Central America Smart Baby Monitor Market Breakdown by Application

10.5.5.1 South & Central America Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Application

10.5.6 South & Central America Smart Baby Monitor Market Revenue and Forecasts and Analysis - By Countries

10.5.6.1 Brazil Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.1.1 Brazil Smart Baby Monitor Market Breakdown by Type

10.5.6.1.2 Brazil Smart Baby Monitor Market Breakdown by Sales Channel

10.5.6.1.3 Brazil Smart Baby Monitor Market Breakdown by Application

10.5.6.2 Argentina Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.2.1 Argentina Smart Baby Monitor Market Breakdown by Type

10.5.6.2.2 Argentina Smart Baby Monitor Market Breakdown by Sales Channel

10.5.6.2.3 Argentina Smart Baby Monitor Market Breakdown by Application

10.5.6.3 Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.3.1 Rest of South & Central America Smart Baby Monitor Market Breakdown by Type

10.5.6.3.2 Rest of South & Central America Smart Baby Monitor Market Breakdown by Sales Channel

10.5.6.3.3 Rest of South & Central America Smart Baby Monitor Market Breakdown by Application

11. Smart Baby Monitor Market – Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Product Development

14. Company Profiles

14.1 VTech Holdings Ltd

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Koninklijke Philips NV

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Samsung Electronics Co Ltd

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Panasonic Holdings Corp

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 iBaby Labs, Inc.

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 INFANT OPTICS

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Snuza

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Dorel Industries Inc

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 NETGEAR

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Withings

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 Word Index

List of Tables

Table 1. Smart Baby Monitor Market Segmentation

Table 2. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 4. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – Sales Channel

Table 5. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 6. North America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 7. North America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 8. North America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 9. North America Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 10. US Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 11. US Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 12. US Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 13. Canada Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 14. Canada Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 15. Canada Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 16. Mexico Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 17. Mexico Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 18. Mexico Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 19. Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 20. Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 21. Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 22. Europe Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 23. France Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 24. France Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 25. France Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 26. Germany Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 27. Germany Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 28. Germany Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 29. UK Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 30. UK Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 31. UK Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 32. Italy Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 33. Italy Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 34. Italy Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 35. Russia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 36. Russia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 37. Russia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 38. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 39. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 40. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 41. Asia Pacific Smart Baby Monitor Market Revenue And Forecasts To 2030 (US$ Million) – Type

Table 42. Asia Pacific Smart Baby Monitor Market Revenue And Forecasts To 2030 (US$ Million) – Sales Channel

Table 43. Asia Pacific Smart Baby Monitor Market Revenue And Forecasts To 2030 (US$ Million) – Application

Table 44. Asia Pacific Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 45. Australia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 46. Australia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 47. Australia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 48. China Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 49. China Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 50. China Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 51. India Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 52. India Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 53. India Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 54. Japan Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 55. Japan Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 56. Japan Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 57. South Korea Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 58. South Korea Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 59. South Korea Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 60. Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 61. Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 62. Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 63. Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 64. Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – By Sales Channel

Table 65. Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 66. Middle East and Africa Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 67. South Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 68. South Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 69. South Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 70. Saudi Arabia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 71. Saudi Arabia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 72. Saudi Arabia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 73. UAE Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 74. UAE Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 75. UAE Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 76. Rest of Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 77. Rest of Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 78. Rest of Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 79. South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 80. South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – By Sales Channel

Table 81. South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 82. South and Central America Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 83. Brazil Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 84. Brazil Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 85. Brazil Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 86. Argentina Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 87. Argentina Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 88. Argentina Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 89. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 90. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Sales Channel

Table 91. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 92. Company Positioning & Concentration

Table 93. List of Abbreviation

List of Figures

Figure 1. Smart Baby Monitor Market Segmentation, By Geography

Figure 2. Global– PEST Analysis

Figure 3. Ecosystem: Smart Baby Monitor Market

Figure 4. Smart Baby Monitor Market - Key Industry Dynamics

Figure 5. Impact Analysis of Drivers and Restraints

Figure 6. Smart Baby Monitor Market Breakdown by Geography, 2022 and 2030 (%)

Figure 7. Smart Baby Monitor Market Revenue (US$ Million), 2022 & 2030

Figure 8. Smart Baby Monitor Market Share (%) – Type, 2022 and 2030

Figure 9. Video Monitor Device Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Audio Monitor Device Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Smart Baby Monitor Market Share (%) – Sales Channel, 2022 and 2030

Figure 12. Online Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Offline Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Smart Baby Monitor Market Share (%) – Application, 2022 and 2030

Figure 15. Home/Family Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Hospitals Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Day Care Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Smart Baby Monitor Market Revenue Share, By Region (2022 & 2030)

Figure 19. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 20. Smart Baby Monitor Market Breakdown by Type (2022 and 2030)

Figure 21. Smart baby monitor market Breakdown by Sales Channel, 2022 and 2030 (%)

Figure 22. Smart baby monitor market Breakdown by Application, 2022 and 2030 (%)

Figure 23. Smart baby monitor market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 24. US Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 25. Canada Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 26. Mexico Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 27. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 28. Smart Baby Monitor Market Breakdown by Type (2022 and 2030)

Figure 29. Smart Baby Monitor Market Breakdown by Sales Channel (2022 and 2030)

Figure 30. Smart Baby Monitor Market Breakdown by Application (2022 and 2030)

Figure 31. Smart baby monitor market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 32. France Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 33. Germany Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 34. UK Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 35. Italy Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 36. Russia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 37. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 38. Asia Pacific Smart Baby Monitor Market Revenue And Forecasts To 2030 (US$ Million)

Figure 39. Asia Pacific Smart Baby Monitor Market Breakdown by Type (2022 and 2023)

Figure 40. Asia Pacific Smart Baby Monitor Market Breakdown by Sales Channel (2022 and 2023)

Figure 41. Asia Pacific Smart Baby Monitor Market Breakdown by Application (2022 and 2023)

Figure 42. Asia Pacific Smart Baby Monitor Market Breakdown By Key Countries, 2022 And 2030 (%)

Figure 43. Australia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 44. China Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 45. India Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 46. Japan Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 47. South Korea Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 48. Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 49. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million)

Figure 50. Middle East & Africa Smart Baby Monitor Market Breakdown by Type (2022 and 2023)

Figure 51. Middle East & Africa Smart Baby Monitor Market Breakdown by Sales Channel (2022 and 2023)

Figure 52. Middle East & Africa Smart Baby Monitor Market Breakdown by Application (2022 and 2023)

Figure 53. Smart Baby Monitor Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 54. South Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 55. Saudi Arabia Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 56. UAE Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 57. Rest of Middle East & Africa Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 58. Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Million)

Figure 59. South & Central America Smart Baby Monitor Market Breakdown by Type (2022 and 2023)

Figure 60. South & Central America Smart Baby Monitor Market Breakdown by Sales Channel (2022 and 2023)

Figure 61. South & Central America Smart Baby Monitor Market Breakdown by Application (2022 and 2023)

Figure 62. Smart Baby Monitor Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 63. Brazil Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 64. Argentina Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 65. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 66. Heat Map Analysis By Key Players

The List of Companies - Smart Baby Monitor Market

  1. VTech Holdings Ltd             
  2. Koninklijke Philips NV        
  3. Samsung Electronics Co Ltd             
  4. Panasonic Holdings Corp                  
  5. iBaby Labs, Inc.    
  6. INFANT OPTICS    
  7. Snuza       
  8. Dorel Industries Inc            
  9. NETGEAR                
  10. Withings

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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