Smart Connected Pet Collar Market Detailed Insights on Upcoming Trends 2020 - 2030

Smart Connected Pet Collar Market: Introduction

A smart connected pet collar is a device used in pet monitoring. The device is usually connected wirelessly to a smartphone via Bluetooth or Wi-Fi to monitor the location and activities of pet animals. Currently, most of the products available in the market are designed specifically for dogs and cats. Based on the breed type, a variety of sizes are available to suit different neck sizes of dogs and cats.

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Key Trends in the Global Smart Connected Pet Collar Market

- Technology advancement and growing pet adoption are identified as key market drivers for the global smart connected pet collar market. Increasing adoption of smartphones ensures the better utilization of IoT for pet care and overall monitoring. The pet is just like a human baby for many people and it needs constant care and attention. The most recent pet ownership study by the American Pet Products Association (APPA) noted that 85 million families (68% of all U.S. households) own a pet, and more and more of these families are viewing their pets as family members.
- In developed countries, the smart connected pet collars are more popular and records strong demand compared to developing countries. High per capita income and the presence of Tier 1 companies are the key market drivers in developed countries. Moreover, significant consumer awareness about the products available in the market is expected to drive the future growth of the smart connected pet collar market in developed regions.

Opportunities in the Global Smart Connected Pet Collar Market

- Emergence of new technologies which can be easily integrated with the existing smart home technologies are expected to offer potential opportunities to the smart connected pet collar market. Also, consumers in developing countries are becoming more aware about smart pet wearable.
- Multipurpose smart collars which encompasses all the essential functions in a single device is expected to gain significant opportunities in the coming years, especially in the North America and Europe market.

Key Players Operating in the Global Market

Investment in new technology and upgrade of existing product offering are the key strategies adopted by companies. Additionally, companies are gaining better consumer knowledge and undertaking product promotions to encourage the adoption of smart connected pet collars across untapped markets. Online distribution networks and technical proficiency are anticipated to offer competitive advantage to key market players. Companies are partnering with international e-commerce retailers to market and sell their products in overseas markets.

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Some of the major companies identified in the global smart connected pet collar market include:

- SCOLLAR Inc.
- Eureka Technology Partners LLC
- FitBark Inc.
- Wagz Inc.
- Mars Inc.
- PetPace
- Radio Systems Corp.
- Tractive GmbH
- Smart Tracking Technologies LLC
- Garmin Ltd.
- LINK AKC

Global Smart Connected Pet Collar Market: Research Scope

Global Smart Connected Pet Collar Market, by Technology

- Wi-Fi
- Bluetooth

Global Smart Connected Pet Collar Market, by Pet Type

- Dog
- Cat

Global Smart Connected Pet Collar Market, by Price

- > US$50
- US$50-US$100
- > us$100

Global Smart Connected Pet Collar Market, by Application

- GPS Location Monitoring
- Activity and Health Monitoring
- Multi-purpose Monitoring

Global Smart Connected Pet Collar Market, by Distribution Channel

- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Retailers
- Large Format Stores
- Specialty Stores

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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The following regional segments are covered comprehensively:

- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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