COVID-19 Recovery Analysis: Baby Monitors Market | The Technological Innovation And Portfolio Extension to boost the Market Growth | Technavio
Technavio has been monitoring the baby monitors market and it is poised to grow by $ 623.06 million during 2020-2024, progressing at a CAGR of over 5% 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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Technavio has announced its latest market research report titled Global Baby Monitors Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Angelcare Monitor Inc., Arlo Technologies Inc., Dorel Industries Inc., Koninklijke Philips NV, Lenovo Group Ltd., Panasonic Corp., Samsung Electronics Co. Ltd., Snuza International Pty. Ltd., Summer Infant Inc., and VTech Holdings Ltd. are some of the major market participants. To make the 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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Technological innovations and portfolio extension have been instrumental in driving the growth of the market. However, risks associated with sensors …