![Smart-Connected Pet Collars Market Expected to Reach USD 798.8 Mn Increment [2024- 2028],Driven by Innovations in GPS and Health Monitoring](https://media.licdn.com/dms/image/v2/D5612AQEsVOTFqmWGew/article-cover_image-shrink_720_1280/article-cover_image-shrink_720_1280/0/1718268934209?e=2147483647&v=beta&t=Z4PTD1cZXCXWEes9hxgCT4ZSGopucx3s6gSA4HbEQfM)
Smart-Connected Pet Collars Market Expected to Reach USD 798.8 Mn Increment [2024- 2028],Driven by Innovations in GPS and Health Monitoring
[Latest] As per the new UK law requires all cats to be microchipped by 12 weeks old or before transfer to a new owner. Microchipping cats has become a widely adopted practice for ensuring their safety and aiding in their identification. This ensures quick reunification if lost and promotes responsible ownership by linking each cat to a national database with owner details.
Microchipping is increasingly recommended by veterinarians and animal welfare organizations as a reliable method to ensure permanent identification.
The Smart-Connected Pet Collars Market is rapidly expanding as pet owners increasingly prioritize the safety and well-being of their animals. These innovative collars provide real-time tracking and location monitoring via GPS technology but also offer health monitoring features such as activity tracking and vital signs monitoring. This market growth is complemented by the widespread adoption of microchipping, as a identification solution for pets.
Between 2024 to 2028 the smart-connected pet collars market is projected to grow by USD 798.8 million, with a CAGR of 11.3%.
While microchips serve as a backup, smart-connected collars enhance pet care by offering continuous insights into a pet's whereabouts and health, thereby empowering owners to provide timely care and ensure their pets' safety at all times.
Market Segmentation Analysis
Market Segmentation: Smart-connected pet collars drive organic growth with Wi-Fi and Bluetooth technologies, enhancing pet control, training, and health monitoring.
Distribution Channels: Offline sales dominate through specialty stores and major retailers like Tesco, Walmart, and Target, offering competitive pricing and extensive product ranges.
Applications: Dogs lead the market segment for smart-connected pet collars.
Regional Insights: North America commands a 33% market share, driven by high pet ownership and premium product spending, especially among dual-income households.
领英推荐
Key Companies
Companies are employing various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to boost their market presence.
Notable Companies worth mentioning are
Navigating through the Market Dynamics
Key Market Drivers: Smart-connected pet collars thrive on enhancing pet monitoring via Wi-Fi, Bluetooth, and GPS, catering to busy owners with features like LED displays, health alerts, and remote pet control.
Significant Market Trends: Product launches drive innovation with GPS-enabled solutions for virtual boundaries and real-time activity tracking, meeting pet owners' needs for comprehensive remote pet care.
Charting the Future: Innovations in Smart-Connected Pet Collars
Looking ahead, the smart-connected pet collar market is poised for robust growth driven by technological advancements like GPS and health monitoring features. Innovations in virtual boundaries and remote pet control will continue to meet evolving pet owner needs, ensuring enhanced care and safety. With rising adoption and strategic advancements, the market promises a dynamic future of convenience and innovation in pet care solutions.