Smart Pet Collar Market

The Global Smart Pet Collar Market is valued at USD 411.42 Billion in 2021 and is expected to reach USD 798.69 Billion by 2028 with a CAGR of 9.94% over the forecast period.

Global Smart Pet Collar Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: Increasing adoption of pets and rising need for pet monitoring among working people are some of the major factors driving the growth of the Global Smart Pet Collar Market.

Scope of Global Smart Pet Collar Market Report-

A Smart Pet Collar is a multi-purpose device rather than a traditional collar. A Smart Pet Collar is a high-tech collar that links wirelessly to a smartphone via Wi-Fi or Bluetooth and provides insights that help track a pet's activity and location. Smart pet collars can also be used for training and include several parameters like GPS for location, temperature, and buzzer. This collar allows customers to track their pets using GPS technology, communicate with others using the LED display on the outside of the collar, and monitor, track, and receive notifications about their pets. Pet owners will be able to check certain health characteristics of their pets.

The COVID-19 pandemic has shown a negative impact on the growth of the global smart pet collar market. The imposed lockdowns and travel restrictions reduced GDP growth in many economies, leading to increased unemployment. All these factors have had a significant impact on consumers' ability to spend on technology products for their pets during the pandemic. However, the easing of imposed lockdowns and improving economic conditions will increase consumer spending on smart pet collars, which will further support the growth of the smart pet collar market.

Key Players of Global Smart Pet Collar Market Report-

Some major key players for the Global Smart Pet Collar Market report cover prominent players like Tractive, Garmin, Fit Bark, Whistle, Findster, Link AKC, Pet Pace, Find My Pet, KYON, PETBLE, and others.

Smart Pet Collar Market Segmentation

The Global Smart Pet Collar Market is Segmented on the component, product type, application, region & country level. Based on components, the global smart pet collar market is segmented into sensors, displays, bluetooth chips, and GPS chips. By product type, the global smart pet collar market is segmented into radio-based, GPS-based, and others. By application, the global smart pet collar market is segmented into tracking, monitoring, and training.

By Component:

• Sensors
• Displays
• Bluetooth Chips
• GPS Chips

By Product Type:

• Radio Based
• GPS Based
• Others

By Application:

• Tracking
• Monitoring
• Training

By Regional & Country Level:

The Regions Covered in the global Smart Pet Collar Market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global smart pet collar is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

North America

• U.S.
• Canada

 Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Global Smart Pet Collar Market Recent Developments- (2018 to 2022)

Invoxia Announced a Smart Dog Collar for Tracking a Pet's Health and Location.

On January 3^rd, 2022- Invoxia announced that it was expanding its lineup to include smart dog collars. Invoxia already has a healthy lineup of products that help track everyday objects over GPS or Helium networks. Not only will the collar help to track down a lost dog, but Invoxia has also added several features that will monitor the dog's health metrics. For example, a smart dog collar can measure a dog's heart rate and respiration rate.

A New York studio introduced a smart collar

On October 30^th, 201- New York studio interesting development introduced the bright, yellow-themed Fi, a smart collar that tracks a dog's location and activity. An interesting development was approached at the startup stage when he was trying to get more funding and bring his unique product to market. The studio executed research and strategy to create an identity and launched the brand across packaging, digital and social. Their work helped sell Fi-Collar after just three months and secured an additional round of funding.

Global Smart Pet Collar Market Dynamics:-

One of the major factors driving the growth of the smart pet collar market is the increasing adoption of pets. Currently, the number of people adopting animals is increasing. In addition, in the era of technological advancement, citizens are currently adopting different gadgets for animal care in large numbers. The most popular trending product is the smart pet collar. These collars track sleep patterns, nutritional intake, and calories burned by the pet. Moreover, the growing need to maintain pets' health and monitor their daily activities is another growth factor. Moreover, increasing use of technologically advanced features such as built-in microphone speakers and collar-mounted cameras is also driving the demand for the product. Additionally, various key players are incorporating geophone settings, LED warning lights, barking detection algorithms, etc., which are driving the market growth. For example, according to Paw Works, as of March 24^th, 2022, nearly 3 million pets are placed in shelters each year, and about 80 percent of them are healthy and have been adopted into new homes. Thus, many organizations are opening up to shelter pets, and many citizens are also taking care of animals on a large scale these days. Hence, increasing adoption of pets is expected to drive the market's growth.

In addition, the rising need for pet monitoring among working people is boosting the growth of the smart pet collar market. Due to their busy lifestyles and long working hours, pet owners are demanding smart-connected collars that allow them to interact with their pets at their workplaces. The combination of technologies allows easy tracking of pets through smart devices, helping owners locate their lost or stolen pets. Smart pet collars keep pets in safe areas, out of harm's way, and out of bounds. Players are focusing on the development of new technologies for smart pet collars, which are on the rise.

Moreover, the growing adoption of smartphones is also supplementing the smart pet collar market's growth. An increase in smartphone adoption and increased demand from individuals working in pet care to ensure better use of IoT for pet care and overall monitoring is driving the market growth. Increasing consumer awareness of smart technology and increased health awareness towards pet healthcare are further influencing the market. For instance, as of 2022, the number of smartphone users worldwide reached approximately 5.2 billion. Therefore, the increasing adoption of smartphones has fueled the growth of the market.

However, the high cost associated with smart pet collars may hinder the growth of the global smart pet collar market. Despite that, strong bonding between owners and pets may create more opportunities in the global smart pet collar market.

North America Holds a Major Share in the Global Smart Pet Collar Market:

Geographically, North America holds a major share in the global smart pet collar market within the forecast period due to the increasing demand for pet care products, rising demand for pet safety equipment, and high customer awareness about pet health. These factors boost the market. Innovative pet care products are driving the growth of the market. For instance, as per the news published on July 15^th, 2021, Whistle, a leader in pet health and location tracking, announced the launch of its newest pet wearable, The Whistle Switch Smart Collar. Whistle Switch offers 24/7 GPS location monitoring. On April 5th, 2018, Mars Petcare launched one of the largest tech-enabled pet health studies seeking to uncover early signs of illness. Therefore, many launches in pet care products promote the growth of the smart pet collar market.

In addition, the rising demand for pet safety equipment is another factor bolstering the market growth in this region. Bluetooth-based pet technology is used because it allows a seamless connection between the smartphone and the base station, which is attached to it to ensure that the pet is safe. If a pet is separated from its owner and goes beyond the smartphone's Bluetooth range, the pet technology offers real-time monitoring through a robust cellular network. Thus, this factor is driving the growth of the market.

The Asia-Pacific is the fastest-growing region in the global smart pet collar market due to increasing pet adoption, rising disposable income, and the presence of key players. According to the State Council of China, about 74.12 million households’ own pets, of which approximately 47.1% are dogs and around 31.2% are cats. Pet adoption is also a major reason for the growing population of pet dogs. Dogs accounted for 35% and cats for 21% of the total pet population in 2019. Adoption of dogs as property by millennials has boosted pet food sales in recent years. Popular dog breeds in China include the Pekingese, Shih Tzu, Pug, Shar Pei, Chow, and Tibetan Terrier. As of 2022, dogs are the most common pet in India, with 34% of pet owners owning a dog and only 20% owning a cat. Therefore, the increasing pet population has driven the fastest growth of the market in the Asia-Pacific region.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 411.42 Billion
Base year considered	2020
Forecast Period CAGR %:	9.94%
Market Size Expected in 2028:	USD 798.69 Billion
Tables, Charts & Figures:	175
Pages	200
Smart Pet Collar Companies	Tractive, Garmin, Fit Bark, Whistle, Findster, Link AKC, Pet Pace, Find My Pet, KYON, PETBLE, and others.
Segments Covered	By Component, By Type, By Application, By End-Use
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Smart Pet Collar Market Report–

• Global Smart Pet Collar Market report covers in-depth historical and forecast analysis
• Global Smart Pet Collar Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Smart Pet Collar Market report helps to identify opportunities in marketplace.
• Global Smart Pet Collar Market report covers extensive analysis of emerging trends and competitive landscape.