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Future of the Smart Pet Locator And Motion Detector Market: Strategic Analysis and Forecast to 2034
Smart Pet Locator And Motion Detector Market
Smart Pet Locator And Motion Detector Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for smart pet locators and motion detectors has seen a robust growth in the past few years. The market size, which is projected to be at $100.44 billion in 2024, is expected to escalate to $110.06 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%. Factors that have influenced the growth in the historical period include heightened concern for pet security, an uptick in instances of lost pets, an upswing in e-commerce platforms, the surge in urbanization, and a rise in outdoor activities involving pets.
Smart Pet Locator And Motion Detector Market Size Forecast: What's the Projected Valuation by 2029?
The market size for intelligent pet locators and motion detectors is projected to experience significant growth in the upcoming years. The market is estimated to expand to $156.58 billion in 2029 with a compound annual growth rate of 9.2%. Factors contributing to this anticipated growth during this period include increased pet ownership, heightened awareness about pet safety, growth in disposable income, surging demand for immediate tracking and monitoring, and an elevation in pet healthcare consciousness. Foreseen trends during this period include technological innovation, smart home system integration, artificial intelligence-enhanced pet tracking, bluetooth technology, and a rise in subscription-based offerings.
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What Are the Drivers Transforming the Smart Pet Locator And Motion Detector Market?
The smart pet locator and motion detector market is predicted to expand due to the growth in pet ownership. In this context, pet ownership means having legal and ethical accountability for a domesticated animal's care and management as a companion. The upsurge in pet ownership is influenced by various aspects such as the desire for companionship and emotional support, elevated living standards, urban sprawling, evolving family structures, and growing awareness of pet owning advantages regarding health and welfare. Smart pet locators and motion detectors are used by pet owners mainly to boost their pets' safety, keep track of their activities and to give them peace of mind. As an example, the American Veterinary Medical Association, a non-profit, US-based group, reported in November 2024 that the percentage of ownership of at least one cat has seen a slight increase - from 26% in 2020 to 29% in 2022. Hence, the upward trend in pet ownership strongly fuels the growth of the smart pet locator and motion detector market.
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What Long-Term Trends Will Define the Future of the Smart Pet Locator And Motion Detector Market?
Top firms in the smart pet locator and motion detector market are focusing on the creation of cutting-edge technologies such as AI wearables for pets, aimed at enhancing pet health monitoring and security. These AI pet wearables incorporate AI technology within sensor-equipped devices that can track location, analyze behavior and monitor health parameters. Take Invoxia for example, a consumer electronics company based in France, launched the Minitailz Smart Pet Tracker, an AI wearable for dogs and cats, in January 2024. This device, featuring advanced sensors, is a game-changer as it can analyze the variability of heart rate (HRV) to give detailed insights into a pet's cardiovascular health. It also comes with GPS tracking for instant location tracking, making it simple for owners to locate their lost pets. Not weighing much and designed for maximum comfort, this wearable enables pets to be monitored round the clock without causing any discomfort.
Which Segments in the Smart Pet Locator And Motion Detector Market Offer the Most Profit Potential?
The smart pet locator and motion detector market covered in this report is segmented -
1) By Type: With Display, Without Display
2) By Application: Training, Tracking, Monitoring
3) By Sales Channels: Offline, Online
Subsegments:
1) By With Display: Handheld Displays, Wearable Displays, Smartphone-Connected Displays
2) By Without Display: GPS-Based Trackers, Bluetooth-Based Trackers, RFID-Based Trackers
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Which Firms Dominate the Smart Pet Locator And Motion Detector Market by Market Share and Revenue in 2025?
Major companies operating in the smart pet locator and motion detector market are Tractive GmbH, Whistle Labs Inc., Petsafe, Pitpatpet Ltd., Weenect SAS, Invoxia SA, PetPace Ltd., Link My Pet Wearables Inc., Kippy Srl, Petrics Inc., KYON LLC, Wagz Inc., Findster Technologies SA, Pawfit, Girafus Technology GmbH, Halo Collar Inc., Cube Tracker LLC, Dynotag Inc., Aarvi Trade Solution Private Limited, FitBark Inc., FitBark Information, Jiobit Inc.
Which Regions Offer the Highest Growth Potential in the Smart Pet Locator And Motion Detector Market?
North America was the largest region in the smart pet locator and motion detector in 2024. The regions covered in the smart pet locator and motion detector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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