Smart Dog Collar Market Size, Share, Growth, and Industry Growth by Material (GPS Based, Radio Based, and Other) By Application (Tracking, Training, Monitoring, and Others), Regional Insights, and Forecast To 2031

Updated On: 13 November 2023

Smart Dog Collar Market REPORT OVERVIEW

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The global smart dog collar market size is expected to grow from USD 502.8 million in 2022 and market is projected to touch USD 3950.2 million by 2031, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.

A smart dog collar is a tracking device for dogs. The device allows pet owners to monitor pet activity and movements. It is a wireless device and has features such as Bluetooth or Wi-Fi.

High demand for improving pet care coupled with growing awareness about the pet's mental and physical ability is estimated to drive market growth. A strong emotional relationship between owner and dog and a high need to prevent pet lost/stolen is predicted to accelerate market growth. The device can be used for training and has several features, such as a buzzer for location, temperature, and GPS. The product satisfies pet owner tension about dog safety. Rapid adoption of the device, coupled with a rise in concern about dog health is anticipated to propel market growth in the forthcoming years. On the contrary, the higher cost of the device associated with damage to the product is expected to reduce market progress.

COVID-19 Impact: Loss of Income and Shutdown of Manufacturing Units to Hamper Market Progress

Loss of income during the pandemic period due to uncertainly impacted market growth. Further, lack of spending capacity of dog owners coupled with a halt in production activities due to the shutdown of manufacturing units to minimize market growth. Work-from-home culture and lockdown restrictions allowed pet owners to spend more time with their pets to reduce market progress.

However, the post-COVID-19 pandemic fuels the demand for loT enabled pet care products is anticipated to improve the economic conditions of the market. 

LATEST TRENDS

"Growing Concern Regarding Pet Health to Fuel Market Growth "

Increased concern about pet health among pet owners is estimated to drive market growth. The device offers to monitor pet nutrition, calories burned, sleep tracking, and others. Modern technology is /elementary to use and highly effective. These features are expected to fuel market growth in the upcoming years. Pet owners are very emotional and concerned about dog diets. The high need for a nutritious dog diet coupled with an increased number of people who prefer to adopt dogs is anticipated to fuel market growth. An increase in awareness about the device among consumers associated with extensive marketing & advertising is expected to attract customers. The data in the device used by veterinarians to treat the dog is predicted to fuel market progress. It helps to monitor heart rate and check the temperature of the dog and is projected to foster smart dog collar market performance.

Smart Dog Collar Market SEGMENTATION

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• By Type

Based on type, the market is divided into GPS based, radio based, and other.

GPS based is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into tracking, training, monitoring, and others.

Tracking is expected to be the leading part of application segmentation.

DRIVING FACTORS

"High Demand for Dog Safety to Foster Market Growth"

An increased need to monitor dog activities and avoid losing or stealing is anticipated to accelerate market growth. With the device, it allows for tracking location and training dogs. Such advantages of the device are projected to expand market growth. The device has GPS and a buzzer for locations. It enables an owner to connect with their pet from their workstation. The device is safe and easy to use. These factors are anticipated to boost the market growth in the upcoming years. Further, an increase in the adoption of dogs and great concern about overall dog health & activities is predicted to fuel market growth. The device enables easy chasing of pets through intelligent devices coupled with helping owners to trace lost pets. Such broad usage of the product is predicted to expand the smart dog collar market growth.

"Rise in Disposable Income and High Spending Capacity to Stimulate Market Growth "

A rise in disposable income globally and increased spending capacity is estimated to fuel market growth. Growing awareness about smart technology and extensive marketing and advertising is anticipated to fuel market growth. The device, effective for owners as well as dogs, coupled with providing real-time exchange, is expected to accelerate market growth in the forthcoming years. Growing R&D activities to develop innovative product and high adoption of digitalization is projected to foster market growth. The device is available in different sizes, and rapid adoption for loT enabled pet care products is estimated to propel smart dog collar market growth in the forthcoming years.

RESTRAINING FACTORS 

"High Cost of the Device to Hamper Market Progress"

The device's higher cost and damage to the product are anticipated to reduce the smart dog collar market progress.

Smart Dog Collar Market REGIONAL INSIGHTS

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"High Demand for Improved Pet Care in North America to Drive Market Share "

North America is expected to account for the smart dog collar market share owing to high demand for improving pet care coupled with growing awareness about the pet's mental and physical ability. Also, developing innovative pet care products is estimated to drive market growth. The device can be used for training and has several features, such as a buzzer for location, temperature, and GPS. The product satisfies pet owner tension about dog safety. The rapid adoption of the device, coupled with a rise in concern about dog health, is anticipated to propel market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Garmin (U.S.)
• Whistle (Tagg) (U.S.)
• FitBark (U.S.)
• Petsafe (U.S.)
• Tractive (Australia)
• PetPace (U.S.)
• Loc8tor (U.K.)
• Marco Polo (Germany)
• Gibi Technologies Inc. (U.S.)
• WÜF (U.S.)
• Nuzzle (U.S.)
• LINK AKC (U.S.)
• KYON (Greece)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.