Global Smart-Connected Pet Collars Market 2020-2024

Global Smart-Connected Pet Collars Market 2020-2024

Technavio has been monitoring the smart-connected pet collars market and it is poised to grow by $ 627.49 mn during 2020-2024 progressing at a CAGR of 14% during the forecast period. Our reports on smart-connected pet collars market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the strong bonding between owners and pets and increase in number of pet owners and increased spending on pets. In addition, Strong bonding between owners and pets is anticipated to boost the growth of the market as well.

The smart-connected pet collars market analysis includes distribution channel segment, application segment, and geographical landscapes

Technavio's smart-connected pet collars market is segmented as below:

By Distribution Channel

• Offline
• Online

By Application

• Dogs
• Cats

By Geographic Landscapes

• North America
• Europe
• APAC
• South America
• MEA

This study identifies the rise in the aging population globally, especially in developed countries as one of the prime reasons driving the smart-connected pet collars market growth during the next few years.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart-connected pet collars market covers the following areas:

• Smart-connected pet collars market sizing
• Smart-connected pet collars market forecast
• Smart-connected pet collars market industry analysis"

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart-connected pet collars market vendors that include Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc. . Also, the smart-connected pet collars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.