According to a new report published by Allied Market Research titled, "World Baby Monitor Market-Opportunities and Forecasts, 2014-2020," the global baby monitor market is expected to grow at a CAGR of 8.5% during forecast period of 2015-2020. In 2014, North America accounted for the largest share of the market (about 62%), due to higher per-capita spending on baby care products and the prevalence of nuclear family culture. Asian markets will likely see a higher demand for baby monitors during the forecast period due to several factors; awareness of child safety products is predicted to grow along with an increase in the number of employed parents and their disposable incomes.

As video technology has improved over the years, video monitors have surpassed audio monitors on the market, accounting for about 86% of the overall market in 2014. Besides the mode of connection, the market has also been divided between wireless and wired baby monitors. Wireless monitors are expected to account for almost 95% of the overall market revenue by 2020, as they offer greater portability and reduce safety risks associated with cords.

Prominent baby monitor manufacturers profiled in the report include Samsung Electronics Co. Ltd., Dorel Industries, Inc., Angelcare Monitors, Inc., and more.

For more information or to purchase the full report, click this link.