Product ID: UCMIG45K2002
Smart Connected Pet Collar Market Size, Share, Growth Analysis, By Pet Type(Cat, Dog), By Sales Channel(Offline, Online), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG45K2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Smart Connected Pet Collar Market Insights
Market Overview:
Through wireless communication, smart connected pet collars are designed to monitor the temperature, heart rate, position, and location of pets. These collars display all of the data gathered using mobile applications. They are intended specifically for monitoring and tracking the whereabouts of pets, as well as measuring heart rate and alerting the owner in the event of an emergency. Additionally, vets use this information to treat pets. Over the last several years, there has been an increase in the amount of money spent on pet-related products. Due to severe government laws and owners' passion for their dogs, the worry for pet health has risen in prominence in recent years. The government also ensures comprehensive animal welfare, ensuring that they receive the finest possible care, love, and quality of life. Furthermore, as disposable income rises, pet owners will be able to spend more on monitoring and tracking their animals to reduce the danger of animal diseases. In the projected period, increased disposable income, technological advances, government backing, and growing affection for animals are expected to propel the market forward.
Smart Connected Pet Collar Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Components by segment aggregation, the contribution of the Electronic Components in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Smart Connected Pet Collar Market Report Snapshots
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