Press release
Smart Connected Pet Collar Market Size, Business Opportunity and Future Demand by 2028 | IMARC Group
Smart Connected Pet Collar Market Report 2023
Report Highlights
How big is the smart-connected pet collar market?
The global smart-connected pet collar market size reached US$ 454.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 736.8 Million by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
What is a smart connected pet collar?
A smart connected pet collar is an advanced collar integrated with smart features to enhance the pet owner's ability to monitor, track, and interact with furry friends. It is equipped with global positioning system (GPS) technology which enables real-time location tracking, ensuring that pets can be quickly located if they wander off. In addition, activity and health monitoring capabilities provide insights into the pet's exercise levels, sleep patterns, and wellness. The collar's connectivity also allows owners to set virtual boundaries and receive alerts if their pet strays beyond them. Nowadays, smart connected pet collar often includes social features, allowing pet owners to connect with a community of fellow enthusiasts and share their pets' activities.
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What are the growth prospects and trends in the smart-connected pet collar industry?
The smart-connected pet collar market is driven by the increasing number of pet owners. In addition, the rising disposable income and escalating demand for smart connected pet collars allow owners to monitor, communicate, and care for their pets remotely to enhance their quality of life, thus contributing to the market growth. Moreover, the proliferation of advanced technologies such as global positioning systems (GPS), Bluetooth, Wi-Fi, and sensors led to the development of sophisticated smart-connected pet collars offering features including real-time tracking, geofencing, health monitoring, and even remote training capabilities representing another major growth-inducing factor. Along with this, the growing awareness about the benefits of smart collars equipped with health-monitoring features such as activity tracking, heart rate monitoring, and even temperature sensing empowers pet owners to proactively manage their pets' well-being, thus propelling the market growth. Furthermore, several smart pet collars offer customization options, allowing owners to personalize settings based on their pet's specific needs, which enhances the experience for the pet and the owner, thus creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Eureka Technology Partners
FitBark Inc.
Garmin Ltd.
Mars Incorporated
PetPace
Radio Systems Corporation
RAWR Inc, Scollar Inc.
Tractive and Wagz Inc.
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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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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 Group'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.
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