GPS Tracker Smart Dog Collar Market Size, Share, Growth, and Industry Analysis, By Type (Limited Scope, Unlimited Scope), By Application (Sporting Dog, Hunting Dog, Pet Dog, Others) and Regional Insights and Forecast to 2031

Updated On: 06 May 2024

GPS TRACKER SMART DOG COLLAR MARKET REPORT OVERVIEW

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The global GPS tracker smart dog collar market size was USD 502.8 million in 2022 and will touch USD 955.2 million by 2029, exhibiting a CAGR of 9.4% during the forecast period.

The GPS tracker smart dog collar market is experiencing rapid growth as pet owners increasingly prioritize the safety and well-being of their furry companions. These collars utilize GPS technology to provide real-time location tracking, enabling owners to monitor their dogs' whereabouts through mobile apps. Key features often include defencing capabilities, activity monitoring, and health tracking. With rising pet ownership and a growing awareness of the benefits of technology in pet care, the market is competitive, offering various brands and models with different functionalities. The demand is fuelled by concerns about pet loss, the desire for remote monitoring, and the overall trend towards smart solutions in the pet industry. As technology advances, the market is likely to expand further, catering to the evolving needs of pet owners.

Top of FormTop of FormTop of FormCOVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has influenced the GPS tracker smart dog collar market growth by intensifying the focus on pet safety and remote monitoring. With lockdowns and social distancing measures, pet owners sought ways to ensure the well-being of their pets from a distance. This increased awareness and demand for GPS tracking collars, as they offer a sense of security and control. Additionally, the surge in pet adoptions during lockdowns further boosted the market. However, supply chain disruptions and economic uncertainties may have posed challenges for some manufacturers. Overall, the pandemic has driven a notable positive impact on the GPS tracker smart dog collar market.

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LATEST TRENDS

"Advanced Health Monitoring for Pets Providing Valuable Data To Pet Owners"

The latest trend in the GPS tracker smart dog collar market revolves around advanced health monitoring capabilities. Beyond basic location tracking, pet owners now seek collars that integrate health sensors to monitor vital signs, activity levels, and even offer insights into their pets' well-being. These smart collars can provide valuable data to pet owners and veterinarians, enabling early detection of potential health issues and facilitating proactive healthcare. With technology evolving rapidly, the integration of sophisticated health monitoring features is becoming a key differentiator in the market, reflecting a growing demand for holistic solutions that prioritize both the safety and health of our beloved furry companions.

GPS TRACKER SMART DOG COLLAR MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Limited Scope, Unlimited Scope.

Limited scope due to niche market demand and potential saturation, hindering widespread adoption of GPS tracker smart dog collars.

Unlimited scope driven by increasing pet ownership, rising awareness of pet safety, and evolving technology, fostering widespread adoption of smart dog collars.                                                                                     

• By Application

Based on application the global market can be categorized into Sporting Dog, Hunting Dog, Pet Dog, Others.

Tailored for sporting dogs, these collars offer durable, waterproof designs with GPS tracking, enhancing safety and performance in outdoor activities.

Specialized for hunting dogs, these collars feature robust GPS tracking, rugged construction, and training capabilities, optimizing performance and safety in hunting environments.

Ideal for pet dogs, these collars offer GPS tracking for location monitoring, ensuring safety and providing peace of mind for owners.

DRIVING FACTORS

"Increasing Concerns about Pet Safety Leading To the Growth In The Market"

One of the primary driving factors in the GPS tracker smart dog collar market is the escalating concern among pet owners for the safety and security of their animals. As urbanization and population density rise, the risk of pets getting lost or involved in accidents also increases. GPS tracker collars address this worry by providing real-time location tracking, enabling owners to quickly locate and retrieve their pets, thereby fostering a sense of security and peace of mind.

"Technological Advancements and Pet Tech Adoption Have Significantly Impacted the Pet Care Industry"

The continuous evolution of technology and the widespread adoption of smart devices have significantly impacted the pet care industry. Pet owners are increasingly embracing advanced solutions to monitor and manage their pets efficiently. GPS tracker smart dog collars, equipped with features like defencing, activity tracking, and health monitoring, align with this trend. The integration of these advanced technologies into pet care not only enhances the overall pet ownership experience but also drives the growing popularity of GPS tracker collars in the market.

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RESTRAINING FACTORS

"Economic Constraints and Affordability Limiting The Growth In GPS Tracker Collars"

A significant restraining factor in the GPS tracker smart dog collar market is the economic constraints faced by some potential consumers. The initial cost of these advanced collars, coupled with ongoing subscription fees for data services, can be a deterrent for budget-conscious pet owners. Affordability remains a key consideration, limiting the widespread adoption of GPS tracker collars. Manufacturers and service providers need to address this challenge by exploring cost-effective solutions without compromising on quality, ensuring broader accessibility and market penetration in diverse economic segments.

GPS TRACKER SMART DOG COLLAR MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market due to Presence of a Large Consumer Base"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.

North America is anticipated to emerge as the dominant region in the GPS tracker smart dog collar market share. The region boasts a high level of pet ownership, a culture of embracing advanced pet care technologies, and a strong awareness of the importance of pet safety. The market is further driven by the region's robust infrastructure supporting the development and adoption of IoT devices, coupled with the presence of key industry players. Increasing disposable income and a growing trend of treating pets as family members contribute to the widespread acceptance of GPS tracker smart dog collars, positioning North America at the forefront of market leadership.

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KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Key industry players in the GPS tracker smart dog collar market, such as Whistle Labs, Garmin Ltd., and Link AKC, are actively shaping the industry landscape through continuous innovation and strategic market expansion. These companies are at the forefront of developing cutting-edge technologies, introducing features like health monitoring and real-time tracking. Simultaneously, their efforts in expanding market reach through partnerships, collaborations, and global distribution networks contribute to the sustained growth of the market.

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List of Market Players Profiled

• Nuzzle (U.S.)
• Garmin (U.S.)
• Whistle Labs (U.S.)
• Tractive (Austria)
• Jiobit (U.S.)
• SportDOG (U.S.)
• FitBark (U.S.)
• Petfon (U.S.)
• Cube Tracker (U.S.)
• Pawscout (U.S.)
• Bartun (China)
• Findster Technologies (Portugal)
• Link AKC (U.S.)
• Loc8tor (U.k.)
• Dogness (China)
• Gibi Technologies Inc (U.S.)
• WÜF (U.S.)
• Marco Polo (U.S.)
• KYON (Switzerland)

INDUSTRIAL DEVELOPMENT

February 2022: Industrial development in the GPS tracker smart dog collar market encompasses advancements in miniaturization, battery efficiency, and GPS accuracy. Manufacturers focus on integrating sophisticated tracking technology with lightweight, durable materials to ensure comfort and longevity for pets. Streamlined production processes and economies of scale drive down costs, making these collars more accessible to a broader consumer base. Enhanced features such as real-time location tracking, activity monitoring, and geo-fencing capabilities cater to pet owners' evolving needs. Additionally, partnerships with veterinary experts and data security measures instill confidence in the reliability and safety of these devices, driving market expansion and innovation.

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REPORT COVERAGE

The GPS tracker smart dog collar market is witnessing a surge in demand driven by heightened concerns for pet safety and the integration of advanced technologies into pet care. As the industry evolves, key players are innovating with features like health monitoring, expanding market reach globally. Economic constraints pose a challenge, emphasizing the need for affordable solutions. North America is poised to dominate, benefiting from high pet ownership and a tech-savvy culture. As industry leaders continue to shape the landscape through innovation and strategic expansion, the market's trajectory remains dynamic, with the potential for further growth and transformative developments in the pet care sector.