Press release
With 8.83% CAGR, Smart Connected Pet Collar Market Size To Reach US$ 684.1 Million 2022-2027
Smart Connected Pet Collar Market
Industry Definition and Application:
Smart-connected pet collars are designed for monitoring the activities of pets through connected smartphones. It is equipped with Wi-Fi, global positioning systems (GPS), Bluetooth, and long-term evolution (LTE) connectivity, which monitor pet activities remotely and address potential health issues proactively. They also provide insights such as heart rate, temperature, respiratory rates, total time of movement of pets, position, and location of the pets. In addition, they are convenient, comfortable, waterproof, encourage good behavior, protect against thefts, are easy to manage, and maintain the overall fitness of the pets. As a result, pet collars are gaining immense traction among pet owners and are easily available in offline and online stores across the globe.
Smart Connected Pet Collar Market Trends:
The market is primarily driven by the growing adoption of pets and the rising concerns about their health and wellness among owners. In addition, the increasing prevalence of zoonotic diseases among pets is contributing to market growth. Moreover, the integration of technologically advanced features, including a built-in microphone speaker combo that enables pet owners to issue voice commands from remote locations and a camera mounted on the collar to stream video to the smartphone, represents another major growth-inducing factor. Besides this, the introduction of a barking detection algorithm, geofence setting, and a flashing light-emitting diode (LED) warning light by key market players are propelling the market growth. Furthermore, extensive investment in research and development (R&D) activities, rising expenditure on animal healthcare, the advent of fifth-generation (5G) technology, and the surging pet humanization trend are also creating a favorable market outlook.
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Global Smart Connected Pet Collar Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Eureka Technology Partners
FitBark Inc.
Garmin Ltd.
Mars Incorporated
PetPace
Radio Systems Corporation
RAWR Inc, Scollar Inc.
Tractive
Wagz Inc.
The report has segmented the market on the basis on pet type, application and sales channel.
Breakup by Pet Type:
Cat
Dog
Breakup by Application:
GPS Location Monitoring
Activity and Health Monitoring
Multi-purpose Monitoring
Others
Breakup by Sales Channel:
Offline
Online
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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