According to the latest report by IMARC Group, titled, “Smart Connected Pet Collar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global smart connected pet collar market reached a value of US$ 414.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 684.1 Million by 2027, exhibiting a CAGR of 8.83% during 2022-2027.
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 (RD) 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.
Request a Free Sample Report: https://www.imarcgroup.com/smart-connected-pet-collar-market/requestsample
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
Ask Analyst and Browse Full Report with TOC List of Figure: https://www.imarcgroup.com/request?type=reportid=4176flag=C
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
