Industry Background:
A smart pet collar is a tech-enabled collar that can help track the activity and location of the pet. Smart pet collars can also be used for training purposes. Smart Collar for the pet tracks various parameters including GPS, temperature, and a buzzer for location. The main function of smart pet collar is to provide complete insights information of 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 and increasing usage of smart connected pet collars in various application such as pet and cat.This growth is primarily driven by Rising adoption of dogs and cats in several households and Lack of time and hectic lifestyles of pet owners.
Globally, a noticeable market trend is evident Technology advancement in smart 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. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
Market Drivers
- Rising adoption of dogs and cats in several households
- Lack of time and hectic lifestyles of pet owners
Market Trend
- Technology advancement in smart 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
- High power consumption and short battery life of smart pet collars products
Opportunities
Rising demand from emerging economics such as China, India, Brazil, among others
Challenges
Lack of awareness of smart pet collar products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Pet Collar Study Sheds Light on
The Smart Pet Collar Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Pet Collar industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Pet Collar industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.