Global Smart Connected Pet Collar Market to Reach US$ 915.8 Million by 2032, Impelled by Rising Pet Humanization Trend

April 29, 2022 | Retail

According to the latest report by IMARC Group, titled "Smart Connected Pet Collar Market Report by Pet Type (Cat, Dog), Application (GPS Location Monitoring, Activity and Health Monitoring, Multi-purpose Monitoring, and Others), Sales Channel (Offline, Online), and Region 2024-2032," the global smart connected pet collar market reached a value of US$ 492.3 Million in 2023. A smart connected pet collar refers to a device that is generally used for tracking the activities of pets. It is usually equipped with a global positioning system (GPS) solution, wireless fidelity (Wi-Fi), Bluetooth and long-term evolution (LTE) connectivity that aid in monitoring pet activities remotely and help in addressing health-related issues in advance. It can be connected to a smartphone that reflects the information related to heart and respiratory rates, location, and the total time of movement of pets. The demand for smart connected pet collarsisrising among pet parents since they are convenient to use and manage.

Global Smart Connected Pet Collar Market Trends:

The global market is primarily driven by theincreasing pet humanization trend among the masses. Coupled with the rising adoption of pets and the growing concerns regarding pet health and wellness, this is creating a positive market outlook. The demand for smart connected pet collars is further impelled by the inflating disposable income levels of the masses and the widespread adoption of smartphones among individuals. Moreover, continuous improvements in the e-commerce infrastructure, along with the advent of online delivery models,are propelling the demand for smart connected pet collars across the globe. Additionally, numerous leading players are heavily investing in product innovations, thereby providing a boost to the market growth. For instance, the introduction of smart pet collars that allows the setting of fitness goals as per the breed, weight and age of pets andthe rising integration of flashing light-emitting diode (LED) and geofencingfeature with these collars are gaining prominence among the masses. Other factors, including the growing number of pet shelters and animal hospitals on the global level and the advent of 5G technology, are also favorably influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 915.8 Million by 2032, exhibiting a CAGR of 6.9% during 2024-2032.

Market Summary:

On the basis of the pet type, the market has been segregated into cats and dogs.
Based on the application, the market has been segmented into GPS location monitoring, activity and health monitoring, multi-purpose monitoring, and others.
On the basis of the sales channel, the market has been classified into offline and online.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Eureka Technology Partners, FitBark Inc., Garmin Ltd., Mars Incorporated, PetPace, Radio Systems Corporation, RAWR Inc, Scollar Inc., Tractive and Wagz Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Pet Type, Application, Sales Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Eureka Technology Partners, FitBark Inc., Garmin Ltd., Mars Incorporated, PetPace, Radio Systems Corporation, RAWR Inc, Scollar Inc., Tractive and Wagz Inc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Smart Connected Pet Collar Market to Reach US$ 915.8 Million by 2032, Impelled by Rising Pet Humanization Trend

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