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The Smart Pet Training & Monitoring Devices Market Size is predicted to reach a 8.37% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The increasing demand for these devices is being driven by various factors, including the availability of wearable gadgets, heightened consumer awareness regarding pet health, and growing concerns about the well-being of pets.
- The AI-based Smart Games & Toys segment is poised for significant growth during the forecast period.
- A substantial revenue share is expected within the North American market for smart pet training and monitoring devices.
- However, the primary challenge lies in the high costs and a projected scarcity of skilled professionals, which are projected to impede the growth of the market for smart pet training and monitoring devices.
Smart pet training and monitoring gadgets are technology advancements that help pet owners with tasks like teaching, keeping tabs on, and caring for their dogs. Many gadgets use the internet, wireless connectivity, and other sensors to monitor and report a pet's activity, health, and well-being in real time. Activity trackers, smart collars, smart cameras, automatic feeding, training and behaviour correction devices, smart litter boxes, and health monitoring devices are some smart technologies available for training and monitoring your pet.
These gadgets allow pet parents to keep tabs on their animals afar, ensuring they're healthy, clean, and behaving appropriately. They are practical, and they aid in keeping pets secure. Furthermore, the demand for high-tech tools for educating and surveilling pets increases as more people get them. Technological improvements, notably in the Internet of Things (IoT) and wireless connectivity, have helped build advanced smart pet products.
However, the market growth is hampered by the high cost of the safety and health of smart pet training & monitoring devices and the product's inability to prevent fog in environments with dramatic temperature fluctuations in the smart pet training & monitoring devices market. The high cost of many pet training and monitoring systems may prevent its widespread use, especially among budget-conscious buyers. The high one-time investment and recurring upkeep costs may discourage potential pet owners, particularly in areas with lower average earnings.
Some pet owners may be unaware of the features and advantages of smart pet training and monitoring equipment—the direct impact of COVID-19 on this industry and its subsequent ripples in related fields. The effects of the pandemic on the Smart Dog Collar market are analyzed in this report, both globally and regionally. Market size, characteristics, and growth for the Smart Dog Collar industry are described, using categorization by application, client base, and technology. It also thoroughly evaluates the industry growth drivers before and during the covivirus 19 pandemic. Furthermore, a pastel analysis was performed internally to identify the most significant stakeholders and potential growth barriers.
Competitive Landscape
Some Major Key Players In The Smart Pet Training & Monitoring Devices Market:
- CleverPet
- Companion Labs
- Furbo
- Dogness
- iFetch
- Whisker
- SureFlap Ltd.
- Cheerble
- Findster Technologies
- FitBark
- Puppod
- Petcube Inc.
- Radio Systems Corporation (PetSafe)
- Spectrum Brands Holdings Inc.
- Smarty Pear
- iKuddle
- Petree Litter Box
- Cosmic Pet
- Petnovations Inc.
- PetKit
- Airrobo
- Others
Market Segmentation:
The smart pet training & monitoring devices market is segmented based on pet and product type. Based on pets, the market is segmented into dogs, cats, and others. By product type, the market is segmented into AI-based training devices, AI-based smart games & toys, AI-based cameras, smart wearable trackers, smart feeders, smart litter robots, and others.
Based On The Pet, The Cats Smart Pet Training & Monitoring Devices Market Segment Is A Major Contributor To The Smart Pet Training & Monitoring Devices Market.
The cats smart pet training & monitoring devices market is expected to lead with a major global market share in 2022. Because cats are so autonomous, their human caregivers often turn to technology to help. Smart litter boxes, health monitoring gadgets, and interactive toys designed to meet the unique behavioural and health requirements of cats are all contributing to the sector's growth.
The Smart Wearable Trackers Segment Will Witness Growth At A Rapid Rate.
Smart wearable trackers comprise the bulk of smart pet training and monitoring devices because of their varied applications, from tracking one's movements and whereabouts to providing vital statistics about one's health. Pet owners, especially in countries like the US, Germany, the UK, China, and India, highly value this technology for its ability to monitor their pets in real time, keep them safe, and improve their health.
In The Region, The North American Smart Pet Training & Monitoring Devices Market Holds A Significant Revenue Share.
The North American smart pet training & monitoring devices market is expected to record the maximum market share in revenue in the near future. Because people are paying more attention to animal health and welfare, growth in this region is anticipated to be boosted by increased demand for pet wearables in emerging nations and rising consumer purchasing capacity and per capita income. In addition, Asia Pacific is estimated to grow rapidly in the global smart pet training & monitoring devices market because of rapid technological breakthroughs, a trend towards smart living, and the rising acceptance of IoT-based solutions. The demand for innovative pet care products has increased, fueling the expansion of the area's smart pet training and monitoring devices market.
Recent Developments:
- In October 2023, PetSafe, a manufacturer of pet supplies, developed the NanoBark Bark Collar for Small Dogs, the world's smallest bark collar. The collar fits snugly like a wristwatch and helps dogs learn to stop barking in response to everyday sounds. Since it is waterproof and durable, it can be used at home or on the road.
- In May 2022, Whisker announced the release of Litter-Robot 4, the fourth generation of the self-cleaning litter box. In addition to the brand's aesthetically pleasing, new compact design, the Litter-Robot 4 is equipped with advanced litter-sifting technology, real-time monitoring and health insights, and odour neutralization. It was meticulously designed by Whisker's team of over 35 engineers.
Smart Pet Training & Monitoring Devices Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 8.37% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Pet, Product Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
Competitive Landscape |
CleverPet, Companion Labs, Furbo, Dogness, iFetch, Whisker, SureFlap Ltd., Cheerble, Findster Technologies, FitBark, Puppod, Petcube Inc., Radio Systems Corporation (PetSafe), Spectrum Brands Holdings Inc., Smarty Pear, iKuddle, Petree Litter Box, Cosmic Pet, Petnovations Inc., PetKit, Airrobo and Others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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