Smartphone-linked Pet Devices Manufacturing Plant Project Report

Report Overview: 

IMARC Group’s report, titled “Smartphone-linked Pet Devices Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue” provides a complete roadmap for setting up a smartphone-linked pet devices manufacturing plant. It covers a comprehensive market overview to micro-level information such as unit operations involved, raw material requirements, utility requirements, infrastructure requirements, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, etc. The smartphone-linked pet devices project report provides detailed insights into project economics, including capital investments, project funding, operating expenses, income and expenditure projections, fixed costs vs. variable costs, direct and indirect costs, expected ROI and net present value (NPV), profit and loss account, financial analysis, etc.

Smartphone-linked Pet Devices Market Analysis:

The smartphone-linked pet devices market is driven by the increasing adoption of pets, rising pet care expenditure, and growing demand for advanced pet monitoring and health tracking solutions. For instance, according to the Pet Food Manufacturers’ Association (PFMA), in 2021, there were 3.2 million households in the UK that had acquired a pet since 2020. Technological advancements, such as GPS tracking, activity monitoring, and health diagnostics, integrated with user-friendly smartphone apps, further boost market growth. For instance, in June 2022, Furbo introduced a 360-degree dog camera that rotates at its base to track active dogs, featuring a wide-angle lens, color night vision, and automatic dog tracking. The camera can be controlled via the app's interface. This innovative product is anticipated to significantly drive market growth. Additionally, heightened awareness of pet health and safety among owners and the convenience of real-time monitoring contribute to the rising popularity and demand for these smart pet devices.

For instance, PetPace designs and manufactures wireless pet monitoring devices. The company is majorly involved in building remote pet health and wellbeing monitoring solutions that track vital signs in real time and utilize advanced analytical methods and alerting models.

Smartphone-linked Pet Devices Market Trends:

Health Monitoring and Diagnostics

A significant trend in the smartphone-linked pet devices market is the increasing focus on health monitoring and diagnostics. Devices equipped with sensors and connected to smartphone apps allow pet owners to track vital health metrics such as heart rate, activity levels, and sleep patterns. This data helps in early detection of potential health issues, leading to timely veterinary care. The convenience and proactive approach to pet health management are driving the adoption of these advanced devices.

For instance, a Japan-based company has created Inupathy, a harness like device that uses sensors to monitor the heart rates of pets, analyses the data, and contains multicolored LEDs that represent the emotional state of these pets.

Moreover, FitBark is a company that offers FitBark GPS device, a dog activity and sleep monitor, which can be attached to the collar. The product monitors activity levels, the quality of sleep, distance traveled, calories burned, and overall health and behavior. The device can connect to owner’s phone or smartwatch for data analysis and storage.

GPS and Location Tracking

Another major trend is the growing demand for GPS and location tracking devices for pets. These devices offer real-time tracking, enabling owners to locate their pets quickly and ensure their safety. The integration of geofencing features allows users to set safe zones and receive alerts if their pet leaves designated areas. This technology not only enhances pet security but also provides peace of mind to pet owners, contributing to the increasing popularity of smartphone-linked pet tracking devices. For instance, in February 2021, the Greater Hyderabad Municipal Corporation (GHMC) planned to inject radio-frequency identification (RFID)-based chips in dogs and other animals to enable pet owners to locate their pets when they are found missing or loss.

Whistle Labs offers a GPS pet tracker and activity monitor, which combines the GPS pet collar with a mobile application. This allows users to locate their pets and track their daily activities using a phone.

Moreover, Tractive GPS Pet Tracker is a robust and waterproof tracker, which enables pet owners to locate pets easily with live tracking. The tracking also offers features like virtual fence, location history, and location sharing with others.

Latest Industry News:

The market is also being driven by increasing investments and capacity expansions:

• In January 2022, Tractive unveiled its new pet tracker designed specifically for cats. The Trac GPS Cat LTE Tracker attaches securely by threading the collar through the device, ensuring a snug fit.The product is currently launched in the USA, which is one of the leading countries in pet ownership.
• In January 2022, Invoxia, a US-based tech company, launched the Invoxia Smart Dog Collar. This innovative collar monitors a dog's vitals, activity, and location around the clock, making it the first biometric health collar for dogs.
   

The following aspects have been covered in the smartphone-linked pet devices manufacturing plant report:

• Market Analysis:
  • Market Trends
  • Market Breakup by Segment
  • Market Breakup by Region
  • Price Analysis
  • Impact of COVID-19
  • Market Forecast
     

The report provides insights into the landscape of the smartphone-linked pet devices industry at the global level. The report also provides a segment-wise and region-wise breakup of the global smartphone-linked pet devices industry. Additionally, it also provides the price analysis of feedstocks used in the manufacturing of smartphone-linked pet devices, along with the industry profit margins.

• Detailed Process Flow:
  • Product Overview
  • Unit Operations Involved
  • Mass Balance and Raw Material Requirements
  • Quality Assurance Criteria
  • Technical Tests
     

The report also provides detailed information related to the smartphone-linked pet devices manufacturing process flow and various unit operations involved in a manufacturing plant. Furthermore, information related to mass balance and raw material requirements has also been provided in the report with a list of necessary quality assurance criteria and technical tests.

• Project Details, Requirements and Costs Involved:
  • Land, Location and Site Development
  • Plant Layout
  • Machinery Requirements and Costs
  • Raw Material Requirements and Costs
  • Packaging Requirements and Costs
  • Transportation Requirements and Costs
  • Utility Requirements and Costs
  • Human Resource Requirements and Costs
     

The report provides a detailed location analysis covering insights into the land location, selection criteria, location significance, environmental impact, expenditure, and other smartphone-linked pet devices manufacturing plant costs. Additionally, the report provides information related to plant layout and factors influencing the same. Furthermore, other requirements and expenditures related to machinery, raw materials, packaging, transportation, utilities, and human resources have also been covered in the report.

Capital Expenditure (CapEx) and Operational Expenditure (OpEx) Analysis:

• Project Economics:
  • Capital Investments
  • Operating Costs
  • Expenditure Projections
  • Revenue Projections
  • Taxation and Depreciation
  • Profit Projections
  • Financial Analysis
     

The report also covers a detailed analysis of the project economics for setting up a smartphone-linked pet devices manufacturing plant. This includes the analysis and detailed understanding of smartphone-linked pet devices manufacturing plant costs, including capital expenditure (CapEx), operating expenditure (OpEx), income projections, taxation, depreciation, liquidity analysis, profitability analysis, payback period, NPV, uncertainty analysis, and sensitivity analysis. Furthermore, the report also provides a detailed analysis of the regulatory procedures and approvals, information related to financial assistance, along with a comprehensive list of certifications required for setting up a smartphone-linked pet devices manufacturing plant.

Profitability Analysis:

Report Coverage:

Key Questions Answered in This Report:

• How has the smartphone-linked pet devices market performed so far and how will it perform in the coming years?
• What is the market segmentation of the global smartphone-linked pet devices market?
• What is the regional breakup of the global smartphone-linked pet devices market?
• What are the price trends of various feedstocks in the smartphone-linked pet devices industry?
• What is the structure of the smartphone-linked pet devices industry and who are the key players?
• What are the various unit operations involved in a smartphone-linked pet devices manufacturing plant?
• What is the total size of land required for setting up a smartphone-linked pet devices manufacturing plant?
• What is the layout of a smartphone-linked pet devices manufacturing plant?
• What are the machinery requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the raw material requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the packaging requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the transportation requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the utility requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the human resource requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the infrastructure costs for setting up a smartphone-linked pet devices manufacturing plant?
• What are the capital costs for setting up a smartphone-linked pet devices manufacturing plant?
• What are the operating costs for setting up a smartphone-linked pet devices manufacturing plant?
• What should be the pricing mechanism of the final product?
• What will be the income and expenditures for a smartphone-linked pet devices manufacturing plant?
• What is the time required to break even?
• What are the profit projections for setting up a smartphone-linked pet devices manufacturing plant?
• What are the key success and risk factors in the smartphone-linked pet devices industry?
• What are the key regulatory procedures and requirements for setting up a smartphone-linked pet devices manufacturing plant?
• What are the key certifications required for setting up a smartphone-linked pet devices manufacturing plant?

Report Customization

While we have aimed to create an all-encompassing smartphone-linked pet devices plant project report, we acknowledge that individual stakeholders may have unique demands. Thus, we offer customized report options that cater to your specific requirements. Our consultants are available to discuss your business requirements, and we can tailor the report's scope accordingly. Some of the common customizations that we are frequently requested to make by our clients include:

• The report can be customized based on the location (country/region) of your plant.
• The plant’s capacity can be customized based on your requirements.
• Plant machinery and costs can be customized based on your requirements.
• Any additions to the current scope can also be provided based on your requirements.

Why Buy IMARC Reports?

• The insights provided in our reports enable stakeholders to make informed business decisions by assessing the feasibility of a business venture.
• Our extensive network of consultants, raw material suppliers, machinery suppliers and subject matter experts spans over 100+ countries across North America, Europe, Asia Pacific, South America, Africa, and the Middle East.
• Our cost modeling team can assist you in understanding the most complex materials. With domain experts across numerous categories, we can assist you in determining how sensitive each component of the cost model is and how it can affect the final cost and prices.
• We keep a constant track of land costs, construction costs, utility costs, and labor costs across 100+ countries and update them regularly.
• Our client base consists of over 3000 organizations, including prominent corporations, governments, and institutions, who rely on us as their trusted business partners. Our clientele varies from small and start-up businesses to Fortune 500 companies.
• Our strong in-house team of engineers, statisticians, modeling experts, chartered accountants, architects, etc. has played a crucial role in constructing, expanding, and optimizing sustainable manufacturing plants worldwide.