PUBLISHER: The Business Research Company | PRODUCT CODE: 1572616
PUBLISHER: The Business Research Company | PRODUCT CODE: 1572616
A smart pet locator and motion detector is designed to assist pet owners in tracking their pets' locations and observing their movements. It generally combines GPS technology with motion sensors for real-time tracking and activity monitoring. These devices provide pet owners with reassurance by allowing them to easily locate their pets and keep an eye on their health and activity, thus improving safety and well-being.
Smart pet locators and motion detectors come in two main types those with displays and those without. A smart pet locator with a display features GPS technology and includes a screen that shows the pet's location in real-time. This allows pet owners to view their pet's location directly on the device without needing a separate app or device. These locators are used for various purposes such as training, tracking, and monitoring, and are available through both offline and online sales channels.
The smart pet locator and motion detectors market research report is one of a series of new reports from The Business Research Company that provides smart pet locator and motion detectors market statistics, including smart pet locator and motion detectors industry global market size, regional shares, competitors with a smart pet locator and motion detectors market share, detailed smart pet locator and motion detectors market segments, market trends, and opportunities, and any further data you may need to thrive in the smart pet locator and motion detectors industry. This smart pet locator and motion detector research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The smart pet locator and motion detector market size has grown strongly in recent years. It will grow from $92.25 billion in 2023 to $100.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The expansion observed in the historical period can be linked to heightened awareness regarding pet safety, a rise in the number of lost pets, the proliferation of e-commerce platforms, greater urbanization, and an increase in outdoor activities involving pets.
The smart pet locator and motion detector market size is expected to see strong growth in the next few years. It will grow to $143.40 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth during the forecast period is driven by rising pet ownership, enhanced awareness of pet safety, increased disposable income, a growing demand for real-time tracking and monitoring, and improved pet healthcare awareness. Key trends for this period include technological advancements, integration with smart home systems, AI-powered pet tracking, Bluetooth technology, and subscription-based services.
The growing trend of pet ownership is projected to drive the expansion of the smart pet locator and motion detector market in the future. Pet ownership involves the legal and ethical duties of caring for and managing a domesticated animal as a companion. Factors contributing to the rise in pet ownership include the desire for companionship and emotional support, improved living conditions, urbanization, evolving family dynamics, and greater awareness of the health and well-being benefits associated with pets. Smart pet locators and motion detectors are used by pet owners mainly to enhance pet safety, monitor their activities, and provide reassurance. For example, as reported by the American Pet Products Association (APPA) in June 2021, the percentage of Americans who own pets rose from 67% to 70%. This increase in pet ownership is fueling the growth of the smart pet locator and motion detector market.
Key players in the smart pet locator and motion detector market are focusing on developing advanced technologies, such as AI wearables for pets, to enhance pet safety and monitoring. AI wearables for pets combine artificial intelligence with wearable devices that feature sensors for tracking location, monitoring health metrics, and analyzing behavior patterns. For example, in January 2024, Invoxia, a consumer electronics company based in France, introduced the Minitailz Smart Pet Tracker, an AI-powered wearable for dogs and cats. This device uses sophisticated sensors to track and analyze heart rate variability (HRV), offering insights into the pet's cardiovascular health, and includes GPS tracking for real-time location monitoring to help find lost pets. The wearable is designed to be lightweight and comfortable, allowing for continuous monitoring without causing discomfort.
In May 2023, Datamars, a Switzerland-based provider of unique identification solutions, acquired Kippy S.r.l. for an undisclosed amount. This acquisition aims to broaden Datamars' pet care technology portfolio by incorporating Kippy's expertise in GPS pet tracking and smart pet locator devices, thereby enhancing its range of animal identification, tracking, and monitoring solutions. Kippy S.r.l., based in Italy, produces GPS pet trackers and activity monitors for pets, particularly dogs and cats.
Major companies operating in the smart pet locator and motion detector market are Tractive GmbH, Whistle Labs Inc., Petsafe, Pitpatpet Ltd., Weenect SAS, Invoxia SA, PetPace Ltd., Link My Pet Wearables Inc., Kippy Srl, Petrics Inc., KYON LLC, Wagz Inc., Findster Technologies SA, Pawfit, Girafus Technology GmbH, Halo Collar Inc., Cube Tracker LLC, Dynotag Inc., Aarvi Trade Solution Private Limited, FitBark Inc., FitBark Information, Jiobit Inc.
North America was the largest region in the smart pet locator and motion detector in 2023. The regions covered in the smart pet locator and motion detector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the smart pet locator and motion detector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart pet locator and motion detector market consists of sales of smart collars, pet cameras with GPS, Bluetooth pet tags, passive infrared (PIR) motion sensors, and outdoor motion sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Smart Pet Locator And Motion Detector Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart pet locator and motion detector market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for smart pet locator and motion detector ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart pet locator and motion detector market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.