Press release
Smart Pet Collar Market to Witness Massive Growth by 2029 | FitBark, Garmin, PetPace
Smart Pet Collar Market
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Smart Pet Collar market. The Smart Pet Collar market size is estimated to increase by USD 1294 Billion at a CAGR of 11% by 2029. The report includes historic market data from 2023 to 2029. The Current market value is pegged at USD 413 Billion.
The Major Players Covered in this Report: FitBark (United States), Garmin (United States), Gibi Technologies Inc (United States), KYON (Switzerland), LINK AKC (United States), Loc8tor (United Kingdom), Marco Polo (Germany), Nuzzle (United States), PetPace (United States), Petsafe (United States), Tractive (Austria)
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Definition:
A smart pet collar is a wearable device designed for pets, typically worn around the neck like a traditional collar, but integrated with technological features to offer various functionalities aimed at enhancing pet care and safety. These collars incorporate sensors, connectivity capabilities, and other components that enable tracking, monitoring, and interacting with pets. GPS or other location-tracking technologies embedded in the collar allow pet owners to monitor their pet's whereabouts in real-time or track their movements through a mobile app or web-based platform. Sensors within the collar track the pet's activities, including exercise, rest, or specific behaviors. This information can help pet owners understand their pet's health and behavioral patterns. Some smart collars have features to monitor a pet's vital signs, such as heart rate, temperature, or even hydration levels, offering insights into the pet's health status.
Market Trends:
Increasing demand for smart pet collars with health monitoring features, including activity tracking, vital sign monitoring, and calorie counting, to help pet owners better manage their pet's health.
Continued interest in GPS-enabled smart collars for real-time tracking and geofencing, allowing pet owners to monitor their pet's location and receive alerts if they stray beyond designated boundaries.
Advancements in Internet of Things (IoT) technology, along with enhanced connectivity options like Bluetooth, Wi-Fi, or cellular networks, enabling seamless communication between the collar and pet owner's devices.
Market Drivers:
The rise in pet ownership and the growing tendency to view pets as family members lead to increased spending on pet care products, including smart collars.
Addressing concerns about pet safety, including the prevention of loss or theft, drives the demand for collars with GPS tracking and geofencing capabilities.
Continuous advancements in sensor technology, connectivity options, and data analytics driving the development of more sophisticated and user-friendly smart collars.
Market Opportunities:
Opportunities exist for collaboration with veterinary services or integrating collar data with healthcare platforms to offer comprehensive health monitoring and early detection of health issues in pets.
Expanding product lines to include collars for various pet types, sizes, and needs, introducing new features, and improving battery life and durability.
Exploring untapped geographical markets and partnering with pet stores, veterinarians, or online platforms to increase market presence and accessibility.
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The titled segments and sub-sections of the market are illuminated below:
In-depth analysis of Marine Propulsion Engines market segments by Types: GPS Based, Radio Based
Detailed analysis of Marine Propulsion Engines market segments by Applications: Tracking, Training, Monitoring, Others
Major Key Players of the Market: FitBark (United States), Garmin (United States), Gibi Technologies Inc (United States), KYON (Switzerland), LINK AKC (United States), Loc8tor (United Kingdom), Marco Polo (Germany), Nuzzle (United States), PetPace (United States), Petsafe (United States), Tractive (Austria)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyse and forecast the size of the Smart Pet Collar market by value and volume.
- -To estimate the market shares of major segments of the Smart Pet Collar market.
- -To showcase the development of the Smart Pet Collar market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Smart Pet Collar market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Smart Pet Collar market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Smart Pet Collar market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Global Smart Pet Collar Market Breakdown by Application (Tracking, Training, Monitoring, Others) by Type (GPS Based, Radio Based) by Pet Type (Dog, Cat, Others) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Key takeaways from the Smart Pet Collar market report:
- Detailed consideration of Smart Pet Collar market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the Smart Pet Collar market-leading players.
- Smart Pet Collar market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Smart Pet Collar market for forthcoming years.
Major questions answered:
- What are influencing factors driving the demand for Smart Pet Collar near future?
- What is the impact analysis of various factors in the Global Smart Pet Collar market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Smart Pet Collar market for long-term investment?
Major highlights from Table of Contents:
Smart Pet Collar Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Global Smart Pet Collar Market Opportunities & Growth Trend to 2030 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Global Smart Pet Collar Market Opportunities & Growth Trend to 2030 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Smart Pet Collar Market Production by Region Smart Pet Collar Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
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Key Points Covered in Smart Pet Collar Market Report:
- Smart Pet Collar Overview, Definition and Classification Market drivers and barriers
- Smart Pet Collar Market Competition by Manufacturers
- Smart Pet Collar Capacity, Production, Revenue (Value) by Region (2023-2029)
- Smart Pet Collar Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Smart Pet Collar Production, Revenue (Value), Price Trend by Type {GPS Based, Radio Based}
- Smart Pet Collar Market Analysis by Application {Tracking, Training, Monitoring, Others}
- Smart Pet Collar Manufacturers Profiles/Analysis Smart Pet Collar Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, MINT, BRICS, G7, Western / Eastern Europe, or Southeast Asia. Also, we can serve you with customized research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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