Global Smart-Connected Pet Collars Market 2017-2021
About Smart-Connected Pet Collars
Pet accessories are specialty products that cater to the functional requirements of pets such as dogs, cats, rabbits, and other small animals. They include a variety of products such as toys, leashes, collars, and those related to feeding and bedding. Some of the key competitors of the global pet accessories market are Ancol Pet Products, Beaphar, Ferplast, Rolf C Hagen, Rosewood Pet Products, and Hartz Mountain. Smart-connected pet collars are embedded with sensors, processors, connectivity features, and software to track and locate animals.
Technavio’s analysts forecast the global smart-connected pet collars market to grow at a CAGR of 24.3% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart-connected pet collars market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart-Connected Pet Collars Market 2017-2021
Technavio recognizes the following companies as the key players in the global smart-connected pet collars market: LINK AKC, PetPace, Scollar, Wagz, and Whistle Labs.
Other Prominent Vendors in the market are: FitBark, KYON, Radio Systems, RAWR, and WÜF.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of 3G in pet trackers. Initially, smart-connected pet collars were equipped with GPS to track the location of animals. Vendors are currently using 3G GPS tracking systems that accurately track movements. WÜF has introduced 3G GPS tracking in more than 200 countries.”
According to the report, one driver in the market is growing demand from working individuals for pet monitoring. The US and UK register a consistent growth in employment. According to data from the World Bank, 57.57% of the total population in the US was employed in 2010, which increased to 58.94% in 2016. Industries such as software, retailing, and manufacturing in the US have witnessed considerable growth, leading to an increased employment rate. In Europe, the UK and Germany registered employment rates of 59.62% and 57.67%, respectively, of the total population in 2016. Factors such as industry automation, growth in textile industries, and increase in food processing technologies are contributed to the increase in employment.
Further, the report states that one challenge in the market is growing aversion toward shock mechanism in collars. Most smart-connected pet collars have three modes of operation. These include the beep mode, vibrate mode, and shock mode. The collars are mainly used to restrain pets from leaving specified zones and curb excessive barking. The beep mode helps in training purposes. The smart-connected collar emits positive and negative beep sounds for the animal to associate with and react accordingly. Under the vibrate mode, the collar generates vibrations to stimulate specific reactions from the animal. In both modes, the electric shock will not be generated.
LINK AKC, PetPace, Scollar, Wagz, Whistle Labs, FitBark, KYON, Radio Systems, RAWR, and WÜF.
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