Smart – Connected Pet Collars Market to Grow by USD 798 . 8 Million ( 2024 – 2028 ) Driven by Strong Owner – Pet Bonds , How AI is Transforming the Market

Smart-Connected Pet Collars Market to Grow by USD 798.8 Million (2024-2028) Driven by Strong Owner-Pet Bonds, How AI is Transforming the Market – Technavio NEW YORK, Sept. 3, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global smart-connected pet collars market size is estimated to grow by USD 798.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.3% during the forecast period. Strong bond between owners and pets is driving market growth, with a trend towards product launches in global smart-connected pet collars market. However, presence of network connectivity issues poses a challenge. Key market players include Barking Labs Corp., Dogtra Co., Eureka Technology Partners LLC, Findster Technologies SA, FitBark Inc., Garmin Ltd., Gibi Technologies Inc., Loc8tor Ltd., Mars Inc., Pawscout Inc., PetPace, Pitpatpet Ltd., Radio Systems Corp., RAWR Inc., SCOLLAR Inc., SGI Venture Ltd., Smart Tracking Technologies LLC, Tractive GmbH, UbiSight Technology LLC, and Wagz Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data 2018 – 2022 Segment Covered Distribution Channel (Offline and Online), Application (Dogs and Cats), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled Barking Labs Corp., Dogtra Co., Eureka Technology Partners LLC, Findster Technologies SA, FitBark Inc., Garmin Ltd., Gibi Technologies Inc., Loc8tor Ltd., Mars Inc., Pawscout Inc., PetPace, Pitpatpet Ltd., Radio Systems Corp., RAWR Inc., SCOLLAR Inc., SGI Venture Ltd., Smart Tracking Technologies LLC, Tractive GmbH, UbiSight Technology LLC, and Wagz Inc.

These innovations include features like GPS tracking, activity monitoring, health monitoring, and real-time communication. These features enhance the pet’s well-being and provide valuable data to pet owners. **The market’s growth is driven by several key trends:**

* **Growing pet ownership:** The global pet ownership is steadily increasing, with more people adopting pets.

The market is driven by factors such as rising pet ownership, increasing disposable income, and the growing awareness of pet health and wellness. The market is expected to reach a value of USD 1.5 billion by 2027, with a CAGR of 18% during the forecast period. The market is segmented into various categories, including GPS tracking, activity monitoring, health monitoring, and others.

However, this growth has been accompanied by several challenges, including: 1. **High Cost:** The initial investment in smart-connected pet collars can be quite high, making them inaccessible to a large segment of the market. 2. **Limited Battery Life:** The battery life of these collars can be short, requiring frequent charging and potentially impacting user convenience. 3.

These collars offer features like activity tracking, GPS location tracking, health monitoring, and even training features. **Key Features:**

* **Activity Tracking:** These collars track the pet’s daily activity levels, including steps, distance, and calories burned. For example, a FitBark collar can track a dog’s activity levels and provide insights into their daily routine, helping owners understand their pet’s energy expenditure and potential health concerns.

For more insights on driver and challenges – Download a Sample Report Segment Overview This smart-connected pet collars market report extensively covers market segmentation by Distribution Channel 1.1 Offline 1.2 Online Application 2.1 Dogs 2.2 Cats Geography 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Offline- The Smart-Connected Pet Collars market is experiencing significant growth due to increasing consumer demand for advanced pet care solutions. These collars offer features such as real-time location tracking, health monitoring, and two-way communication. Major players in the industry are investing in research and development to introduce innovative products and expand their customer base. The market is expected to continue growing due to the rising trend of pet ownership and the convenience these collars provide to pet owners.

This report provides a comprehensive analysis of the market, covering key trends, drivers, challenges, and opportunities. **Key Trends:**

* **Technological Advancements:** The market is witnessing rapid advancements in sensor technology, connectivity, and AI-powered features. This is driving innovation in smart-connected pet collars, leading to more sophisticated functionalities and improved user experiences.

Market Research Overview Smart-connected pet collars are innovative devices designed to enhance pet care and monitoring for pet owners with busy lifestyles. These collars use Wi-Fi and Bluetooth technology to connect with a smartphone app, allowing pet owners to track their pet’s location in real-time, monitor training activities, and receive alerts for important information. These multi-purpose tools go beyond traditional collars, offering health features such as temperature monitoring and buzzer alerts for safe zones. The pet wearable industry is experiencing organic growth strategies through study and development, with new technology and consumer consciousness driving demand. Smart-connected collars are becoming essential tools for working individuals with hectic lifestyles and hectic workplaces, providing peace of mind and ensuring the well-being of their pets. Dogs and cats are the primary beneficiaries of these smart devices, with companies like PetPace, Scollar, Wagz, Whistle Labs, FitBark, Radio Systems, and others leading the way. These collars offer pet health monitoring, animal welfare, and pet control features, making them indispensable for pet owners. The pet monitoring market is expected to grow significantly, with employed people spending more on their pets due to their emotional attachment and expendable income. Smart-connected collars are a promising area of growth, with companies investing in patents, events, and inorganic growth strategies to expand their reach and offer new features. These collars are customizable, allowing pet owners to personalize them to their pet’s unique needs and preferences. With GPS technology, pet owners can keep track of their pet’s location, ensuring their safety and security. Additionally, sensors can monitor pet actions, providing valuable insights into their health and well-being. Overall, smart-connected pet collars offer a range of benefits for pet owners and their pets, making them an essential tool for managing pet care in today’s hectic world.

Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Distribution Channel Offline Online Application Dogs Cats Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

Technavio’s analysts are experts in their respective fields, possessing a deep understanding of the technology landscape and its evolving trends. They leverage their expertise to provide actionable insights and forecasts for businesses and organizations. Technavio’s reports are designed to be comprehensive and insightful, offering a holistic view of the technology landscape. They provide a detailed analysis of market trends, competitive landscapes, and technological advancements.

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