What is Smart-Connected Pet Collars Market?
The smart connected pet collar is defined as the device which can easily connect wirelessly to smartphone or iPad through Wi-Fi or Bluetooth. The main function of smart connected pet collar is to provide complete insights information of your pet such as their location, training activity, and others. In addition, it also provides complete information about movements namely running, jumping, among others. Major factors which affect the growth of the market is rising demand from working individuals for pet monitoring. For instance, according to an article published by the World Bank, more than 57.57% of the total population in the United States was employed in 2010 and it was increased up to 58.94% in 2016. Hence, growing demand from working individuals for pet monitoring and increasing usage of smart connected pet collars in various application such as pet and cat are some of the major factors which affect the growth of the market in future.
The market study is being classified by Type (Automatic Smart Feeder and Smart Pet Feeder), by Application (Dogs, Cats and Other) and major geographies with country level break-up.
Link AKC (United Kingdom), FitBark Inc. (United States), Whistle Labs Inc. (United States), PetPace LTD. (United States), Scollar, Inc. (United States), Wagz, Inc. (United States), RAWR (Finland), KYON (Switzerland), Radio Systems Corporation (United States) and WUF Networks, Inc. (United States) are some of the key players profiled in the study.
The smart connected pet collar market is highly fragmented in nature with a large number of international as well as regional players operating in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart-Connected Pet Collars market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart-Connected Pet Collars market by Type, Application and Region.
On the basis of geography, the market of Smart-Connected Pet Collars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Concern Regarding the Health of the Pets is affecting the Pet Owner to Make Increased Investment in Pet Care Products
- Rising Adoption of Dogs and Cats in Several Households in the United States
- Problem Related to Lack of time as well as Hectic Lifestyles of Pet owners
- Rising Pet Humanization, as well as Increasing Disposable Income Further, Supports the Adoption of Smart Pet Feeders globally
Market Trend
- Technology advancement in Smart connected pet collars such as the introduction of 3G in pet trackers. It is currently using 3G GPS tracking systems that accurately track movements. In addition, WUF Networks, Inc. (United States) company has introduced 3G GPS tracking in approximately 200 countries
Restraints
- Problem related to High Prices of Some Smart Connected Pet Collars Products
- Major Factors such as power consumption and short battery life of Smart Connected Pet Collars Products
Opportunities
- Rising Demand from Emerging Economics such as China, India, Brazil, among others
Challenges
- Growing Aversion toward Shock Mechanism in Collars
- Lack of Awareness of Smart Connected Pet Collars Products
- Devices operate on Global Positioning System and Wireless Networks and Consume High Power
In January 2019, the Wagz, Inc. Company has launched go smart door as well as roam smart shields in order to offer the first complete smart pet system. Therefore, this launch has helped the company to expand its product portfolio.
Key Target Audience
Smart-Connected Pet Collars Manufacturers Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Agricultural Associations and Farmers, Retailers, Supermarkets, and Hypermarkets and Traders, Exporters, and Importers