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INTERACTIVE PET MONITORS MARKET IS EXPECTED TO CROSS USD 128 MILLION BY 2022, GROWING AT A CAGR OF 40.8% DURING THE FORECAST PERIOD
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INTERACTIVE PET MONITORS MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| MARKET SIZE (REVENUE) | USD 128 MILLION (2022) |
| CAGR | 40.8% (2017-2022) |
| BASE YEAR | 2016 |
| FORECAST YEAR | 2017-2022 |
| MARKET SEGMENTS | Product Type (Stand-alone monitoring devices and Monitoring Devices with Integrated food dispensers), Technology Type (Mobile monitoring devices and Stationary monitoring devices) |
| GEOGRAPHIC ANALYSIS | APAC, Europe, North America, RoW |
| COUNTRIES COVERED | Australia, Canada, China, Germany, UK, and US |
INDUSTRY INSIGHTS
High likelihood to use technology for tracking pets
Rise in inclination to adopt pets as companions, high likelihood to use technology for tracking pets, and increase in user-friendly technology and easy-to-setup devices are the major factors that are likely to drive the interactive pet monitors market during the forecast period. Additionally, the use of crowdsourcing techniques to launch products in the market, the positive influence of pets on human health, and high smartphone penetration in major markets are among the other factors that are likely to drive the market. The report also discusses the emerging trends that are going to shape the interactive pet monitors market during the forecast period. The increased tendency among pet owners to treat pets as part of the family, high expenditure on pets’ diet in developed countries, growth in the pet insurance industry, the ability of vendors to increase marketing budgets, and push for the digital economy in developing economies are among the latest trends that are expected to push the market during the forecast period.
Interactive Pet Monitors Market: Segmental Overview
Monitoring devices with integrated food dispenser will surpass stand-alone devices
The stand-alone monitoring devices segment held 52.06% of the volume sales in the global interactive pet monitors market in 2016 and accounted as the largest segment. However, the market is likely to witness a major shift in this segment, and the monitoring devices with integrated food dispensers will surpass the stand-alone devices in 2022. Food integrated devices will constitute more than 73% of the global sales volume. Also, in terms of revenue, food integrated devices will be a dominant segment. The ASP of interactive pet monitor devices is expected to decline during the forecast period because of high demand.
Interactive Pet monitors Market: Geographical Analysis
North America to remain the dominant market
Globally, North America is the largest market for pet care, and the interactive pet monitors market is growing rapidly. This will fuel the demand for interactive pet monitors in the region coupled with the rise in adoption of pets in the region. Europe, led by the UK and Germany, will continue to be the second-largest market. The market in APAC is characterized by a demand for low-cost products. Further, there was limited awareness of interactive pet monitors in the region. However, as the awareness about the devices grows during the forecast period along with the better internet infrastructure and the rise in internet and smartphone penetration, the interactive pet monitors market is likely to witness growth in the adoption of interactive pet monitors in the region.
Interactive pet monitors market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Product Type
- Stand-alone monitoring devices
- Monitoring Devices with Integrated food dispensers
Technology Type
- Mobile monitoring devices
- Stationary monitoring devices
Major Geography
- APAC
- Europe
- North America
- RoW
Key Countries
- Australia
- Canada
- China
- Germany
- UK
- US
Frequently Asked Questions
What is the interactive pet monitors market size and growth forecast?
Who are the key players in the interactive pet monitors market?
What are the factors impacting the growth of the interactive pet monitors market?
The global interactive pet monitors market is expected to cross $128 million by 2022. The market is expected to grow at a CAGR of 40.8% and 50.2% in terms of revenue and volume, respectively, during the forecast period 2016−2022. The revenue is expected to increase during the forecast period due to rising awareness, improving internet connectivity and smartphone penetration, growing working population, and increasing demand from the millennial generation. Further, innovations in interactive pet monitors would boost investors’ confidence in the market, and the market will witness an increase in the VC funding during the forecast period. Monitoring devices with integrated pet food dispenser would pick up the pace and will be the largest market both in terms of sales volume and revenue. North America region will be the dominant region both in terms of revenue and shipment followed by Europe.
Report Timeline
- Base Year: 2016
- Forecast Year: 2017−2022
Major vendors profiled in the report are as following:
- Petcube
- Motorola Mobility
- Reolink
Other vendors in the market include Tomofun, Petzila, iBaby Labs, CleverPet, Shanghai PETKIT, Feed and Go, Anser Innovation, and Pawbo.
Scope of the Report
The report considers the present scenario of the global interactive pet monitors market and its strategic assessment for the period 2017–2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
To arrive at the market size, the study considered the global population of households has one or more pets, and it only takes companion pets i.e. dogs and cats into consideration. The report provides the analysis of the key segments of the market by product type, distribution channels, geography, country, and vendors. It provides a detailed analysis of revenue from various segments:
Product Type
- Stand-alone monitoring devices
- Monitoring Devices with Integrated food dispensers
Technology Type
- Mobile monitoring devices
- Stationary monitoring devices
Major Geography
- APAC
- Europe
- North America
- RoW
Key Countries
- Australia
- Canada
- China
- Germany
- UK
- US
List of Exhibits
Exhibit 1 Summary of Global Interactive Pet Monitoring Market 2016−2022
Exhibit 2 Global Interactive Pet Monitoring Market at a Glance 2016
Exhibit 3 Interactive Pet Monitoring Market Segmentation
Exhibit 4 Major Countries Considered in Different Geographies
Exhibit 5 Market Size Calculation Approach 2016
Exhibit 6 Currency Conversion 2013−2016
Exhibit 7 How does Interactive Pet Monitor Function?
Exhibit 8 Real GDP per Capita Growth in Various Developing Countries 2013–2015
Exhibit 9 Dual-income Households in US (1970 Vs. 2015)
Exhibit 10 Product Lifecycle of Interactive Pet Monitors
Exhibit 11 Global Interactive Pet Monitoring Market by Distribution Channels
Exhibit 12 Global Interactive Pet Monitor Market by Distribution Channels 2016
Exhibit 13 Pets as Part of Family Part-1
Exhibit 14 Popular Pet Names in US (2016)
Exhibit 15 Pets as Part of Family Part-2
Exhibit 16 Food Expenditure on Pets in US and UK 2016 ($ billion)
Exhibit 17 Global Urban and Rural Human Population 1950−2050 (million)
Exhibit 18 Global Internet-based Offline Retail Sales vis-à-vis Brick-and-mortar and Online Sales 2006−2022
Exhibit 19 Expected Contribution of Mobile Internet and IoT in GDP Growth in APAC by 2025
Exhibit 20 Digitization Plans of Select Countries in APAC
Exhibit 21 Global Pet Ownership by Households and Likelihood to Own a Pet among Non-owners by Gender
Exhibit 22 Generation-wise Pet Ownership Population in Absolute Numbers 2016 (in millions)
Exhibit 23 Percentage of Generation-wise Share of Overall Pet-owning Population 2016
Exhibit 24 Generation-wise Likelihood of Pet Owners to Use Technology for Tracking Pets (billions)
Exhibit 25 Interactive Pet Monitoring Market: Working Population in Major Countries (in million)
Exhibit 26 Interactive Pet Monitoring Market: CAGR of Working Population in Major countries 2016-2022
Exhibit 27 Number of Fixed Broadband Subscriptions by Countries (June 2016) (million)
Exhibit 28 Number of Mobile Broadband Subscriptions by Select Countries (June 2016) (million)
Exhibit 29 Penetration of Smartphones in North America, Western Europe, and APAC 2010−2022
Exhibit 30 Internet Penetration against Overall Population in Developing Economies March 2017
Exhibit 31 Average Internet Speed in Select APAC Countries 2016
Exhibit 32 Global Interactive Pet Monitoring Market by Volume Sales 2016−2022 (thousand units)
Exhibit 33 Global Interactive Pet Monitoring Market by Revenue 2016−2022 ($ million)
Exhibit 34 ASP of Interactive Pet Monitors 2016−2022 (US$)
Exhibit 35 Global Interactive Pet Monitoring Market by Shipment 2016−2022 (thousand units)
Exhibit 36 Inventory to Sales Ratio in Global Interactive Pet Monitoring Market 2016−2022
Exhibit 37 Five Forces Analysis 2016
Exhibit 38 Global Interactive Pet Monitors by Product 2016−2022 (volume sales)
Exhibit 39 Global Interactive Pet Monitors by Product 2016-2022 (volume sales in thousand units)
Exhibit 40 Global Interactive Pet Monitors by Product (CAGR 2016−2022)
Exhibit 41 Global Interactive Pet Monitors by Product 2016-2022 (revenue)
Exhibit 42 Global Interactive Pet Monitors by Product 2016-2022 (revenue in $ million)
Exhibit 43 Global Interactive Pet Monitors by Product (CAGR 2016−2022)
Exhibit 44 Global Interactive Pet Monitors by ASP 2016−2022 ($)
Exhibit 45 Global Interactive Pet Monitors by CAGR 2016−2022
Exhibit 46 Global Stand-alone Monitoring Devices Market by Volume Sales 2016−2022 (thousand units)
Exhibit 47 Global Stand-alone Monitoring Devices by Revenue 2016−2022 ($ million)
Exhibit 48 Global Monitoring Devices with Integrated Food Dispenser by Volume Sales 2016−2022 (thousand units)
Exhibit 49 Global Monitoring Devices with Integrated Food Dispenser by Revenue 2016−2022 ($ million)
Exhibit 50 Summary of Figures for Global Interactive Pet Monitoring Market by Product
Exhibit 51 Market Share of Global Interactive Pet Monitoring Market by Various Regions 2016 and 2022
Exhibit 52 Comparison of Global Interactive Pet Monitoring Market by Geography 2016−2022 ($ million)
Exhibit 53 Comparison of Global Interactive Pet Monitoring Market by Geography 2016−2022 (revenue share)
Exhibit 54 Comparison of Global Inter0active Pet Monitoring Market by Geography 2016−2022 (volume in thousand unit)
Exhibit 55 Comparison of Global Interactive Pet Monitoring Market by Geography 2016−2022 (volume share)
Exhibit 56 Comparison of CAGR in Key Geographies 2016–2022
Exhibit 57 Comparison of ASP in Key Geographies 2016–2022 ($)
Exhibit 58 Comparison of CAGR of ASP in Key Geographies 2016–2022
Exhibit 59 Interactive Pet Monitoring Market in North America 2016−2022 ($ million)
Exhibit 60 Interactive Pet Monitoring Market in North America by Volume 2016−2022 (thousand units)
Exhibit 61 Annual Saving Ratio of US 2008−2017
Exhibit 62 Change in US GDP Growth Rate (Q1 2006 − Q2 2016)
Exhibit 63 Market Share of Major Countries in Interactive Pet Monitoring Market by Revenue in North America 2016−2022
Exhibit 64 Market Share of Major Countries in Interactive Pet Monitoring Market by Volume in North America 2016−2022
Exhibit 65 Interactive Pet Monitoring Market in US 2016−2022 ($ million)
Exhibit 66 Interactive Pet Monitoring Market in US 2016−2022 (thousand units)
Exhibit 67 Interactive Pet Monitoring Market in Canada 2016−2022 ($ million)
Exhibit 68 Interactive Pet Monitoring Market in Canada 2016-2022(thousand units)
Exhibit 69 Interactive Pet Monitoring Market in Europe 2016−2022 ($ millions)
Exhibit 70 Interactive Pet Monitoring Market in Europe 2016−2022(thousand units)
Exhibit 71 Changes in Per Capita Disposable Income in EU-28 Countries 2006−2015
Exhibit 72 Change in Annual Household Disposable Income in Europe 2008−2015 (%)
Exhibit 73 Annual Saving Ratio of Western European Countries 2008−2017
Exhibit 74 Interactive Pet Monitoring Market in UK 2016−2022 ($ millions)
Exhibit 75 Interactive Pet Monitoring Market in UK 2016-2022 (thousand units)
Exhibit 76 Interactive Pet Monitoring Market in Germany 2016−2022 ($ million)
Exhibit 77 Interactive Pet Monitoring Market in Germany 2016−2022 (thousand units)
Exhibit 78 Interactive Pet Monitoring Market in APAC 2016−2022 ($ million)
Exhibit 79 Interactive Pet Monitoring Market in APAC by Shipment 2016−2022 (thousand units)
Exhibit 80 Gross Domestic Savings of China, India, and South Korea 2008−2014 (income percentage)
Exhibit 81 Increase in Urban Population in APAC 2005−2045 (%)
Exhibit 82 Interactive Pet Monitoring Market in China 2016–2022 ($ million)
Exhibit 83 Interactive Pet Monitoring Market in China by Shipment 2016−2022 (thousand units)
Exhibit 84 Interactive Pet Monitoring Market in Australia by Revenue 2016–2022 ($ million)
Exhibit 85 Interactive Pet Monitoring Market in Australia by Shipment 2016-2022 (thousand units)
Exhibit 86 Interactive Pet Monitoring Market in RoW by Revenue 2016–2022 ($ million)
Exhibit 87 Interactive Pet Monitoring Market in RoW by Volume 2016–2022 (thousand units)
Exhibit 88 Comparison of Interactive Pet Monitor Market Revenue by Key Countries 2016−2022 ($ million)
Exhibit 89 Comparison of Global Revenue Share of Interactive Pet Monitor Market in Key Countries 2016−2022
Exhibit 90 Comparison of Interactive Pet Monitor Market Shipment by Key Countries 2016-2022 (thousand units)
Exhibit 91 Comparison of Global Shipment Share of Interactive Pet Monitor Market in Key Countries 2016−2022
Exhibit 92 Comparison of ASP of Interactive Pet Monitors by Key Countries 2016−2022 ($)
Exhibit 93 Comparison of CAGR of ASP in Interactive Pet Monitors by Key Countries 2016−2022
Exhibit 94 Comparison of Penetration of Interactive Pet Monitors by Shipment as a Percentage of Total Population in Key Countries 2016−2022
Exhibit 95 Comparison of Working Population in Key Countries 2016−2022 (million)
Exhibit 96 Comparison of CAGR of Working Population in Key Countries 2016−2022
Exhibit 97 Comparison of Pet Population in Key Countries 2016 (million)
Exhibit 98 Comparison of Pet ownership by Key Countries 2016 (in million)
Exhibit 99 Comparison of Pet-friendliness among Total Population in Key Countries 2016 (%)
Exhibit 100 Comparison of Average Number of Pets per Owner by Key Countries 2016
Exhibit 101 Crowdfunding Campaign Details by Vendors in Interactive Pet Monitor Market
Exhibit 102 Descriptive Summary of Global Interactive Pet Monitoring Market
Exhibit 103 Summary of Global Interactive Pet Monitoring Market by Geography 2016−2022 (thousand units)
Exhibit 104 Summary of Global Interactive Pet Monitoring Market by Geography 2016−2022 (Unit Shipment %)
Exhibit 105 Summary of Global Interactive Pet Monitoring Market by Geography 2016−2022 ($ million)
Exhibit 106 Summary of Global Interactive Pet Monitoring Market by Geography 2016−2022 (Revenue %)
1 Research Methodology
2 Report Coverage
2.1 Executive Summary
2.2 Scope of the Study
2.2.1 Definition of Product sss
2.3 Market Segmentation
2.3.1 End-user Segments
2.3.2 Base Year
2.3.3 Geography
2.4 Market Size Calculation Methodology
2.5 Geographical Segmentation
2.6 Vendor Segmentation
2.7 Common Currency Conversion Rates
3 Introduction
3.1 How does it work?
3.2 Advantages
3.3 Macroeconomic Factors Driving Market Growth
3.3.1 Per Capita GDP in Developing Markets
3.3.2 Dual-income Households in Developed Markets
4 Product Lifecycle of Interactive Pet Monitors
4.1 Production Phase
4.2 Growth Phase
4.3 Maturity Phase
4.4 Future Prospects of Innovation in Interactive Pet Monitors
5 Market Segmentation by Distribution Channels
5.1 Distribution Channels of Global Interactive Pet Monitor Market
5.1.1 Manufacture, Production, and Distribution
5.1.2 Distribution through Retail Stores
5.1.3 Distribution through Online Websites
6 Market Trends
6.1 Increased Tendency among Pet Owners to Treat Pets as Part of Family
6.2 High Expenditure on Pets’ Diet in Developed Countries
6.3 Millennials Driving Market Growth
6.4 Sustainable Growth for Interactive Pet Monitoring Market
6.5 Ability of Vendors to Increase Marketing Budgets
6.6 Growth in Urban Population
6.7 Change in Purchasing Behavior of Customers in Developed and Developing Countries
6.8 Push for Digital Economy in Developing Economies
6.8.1 YoY Impact of Market Trends
6.8.2 Impact of Market Trends on Geographies in 2016
6.8.3 Key
7 Market Drivers
7.1 Rise in Inclination to Adopt Pets as Companion
7.2 High Likelihood to Use Technology for Tracking Pets
7.3 Increase in User-friendly Technology and Easy-to-setup Devices
7.4 Use of Crowdsourcing Techniques to Launch Products in Market
7.5 Positive Influence of Pets on Human Health
7.6 Rise in Working Population in Major Markets
7.7 Increased Penetration of High-speed Broadband and Internet Connections
7.8 High Smartphone Penetration in Major Markets
7.8.1 YoY Impact of Market Drivers
7.8.2 Impact of Market Drivers on Geography in 2016
7.8.3 Key
8 Market Restraints
8.1 Insecure Market Position of Vendors in Market
8.2 Possibility of Pets Not Recognizing Owners’ Voice
8.3 Lack of Awareness about Interactive Pet Monitoring Products
8.4 Connectivity Challenges in Certain Geographical Regions
8.5 High-priced Products
8.6 Overpopulation and Euthanization of Pets
8.6.1 YoY Impact of Market Restraints
8.6.2 Impact of Market Restraints on Geographies in 2016
8.6.3 Key
9 Global Market Size and Forecast
9.1 Global Interactive Pet Monitor Market
9.1.1 Market Size and Forecast 2016−2022
9.2 Porter’s Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry
10 Market Segmentation by Product
10.1.1 Market Segmentation by Volume Sales
10.1.2 Market Segmentation by Revenue
10.1.3 Market Segmentation by ASP
10.2 Stand-alone Monitoring Devices: Market Size and Analysis
10.3 Monitoring Devices with Integrated Food Dispenser: Market Size and Analysis
11 Market Segmentation by Technology
11.1 Global Interactive Pet Monitoring Market by Product Segment
12 Geographical Segmentation
12.1 Market Overview
13 Interactive Pet Monitor Market in North America
13.1 Market Size and Forecast 2016−2022
13.2 Leading Trend, Driver, and Restraint
13.3 Key Countries
13.4 US
13.5 Leading Trend, Driver, and Restraint
13.6 Canada
13.7 Leading Trend, Driver, and Restraint
14 Interactive Pet Monitor Market in Europe
14.1 Market Size and Forecast 2016−2022
14.2 Leading Trend, Driver, and Restraint
14.3 Key Countries
14.4 UK
14.5 Leading Trend, Driver, and Restraint
14.6 Germany
14.7 Leading Trend, Driver, and Restraint
15 Interactive Pet Monitor Market in APAC
15.1 Market Size and Forecast 2016−2022
15.2 Key Countries
15.3 Leading Trend, Driver, and Restraint
15.4 China
15.5 Leading Trend, Driver, and Restraint
15.6 Australia
15.7 Leading Trend, Driver, and Restraint
16 Interactive Pet Monitor Market in RoW
16.1 Market Size and Forecast 2016−2022
16.2 Key Countries
16.3 Leading Trend, Driver, and Restraint
17 Interactive Pet Monitoring Market by Key Countries
17.1 Key countries in Global Interactive Pet Monitoring Market
18 Vendor Landscape
18.1 Competitive Landscape
19 Key Vendor Analysis
19.1 Petcube Inc.
19.1.1 Business Overview
19.1.2 Petcube in Interactive Pet Monitoring Market
19.1.3 Major Product Offerings
19.1.4 Key Strategies
19.1.5 Key Strengths
19.1.6 Key Opportunities
19.2 Motorola Mobility Holdings Inc.
19.2.1 Business Overview
19.2.2 Motorola Mobility in Interactive Pet Monitoring Market
19.2.3 Major Product Offerings
19.2.4 Key Strategies
19.2.5 Key Strengths
19.2.6 Key Opportunities
19.3 Shenzhen Reolink Security Technology Co. Ltd.
19.3.1 Business Overview
19.3.2 Reolink in Interactive Pet Monitoring Market
19.3.3 Major Product Offerings
19.3.4 Key Strategies
19.3.5 Key Strengths
19.3.6 Key Opportunities
20 Other Vendors with Prominent Presence
20.1 Tomofun
20.1.1 Business Overview
20.1.2 Product Offering
20.1.3 Strategy
20.1.4 Strength
20.2 Petzila Inc.
20.2.1 Business Overview
20.2.2 Product Offering
20.2.3 Strategy
20.2.4 Strength
20.3 iBaby Labs Inc.
20.3.1 Business Overview
20.3.2 Product Offering
20.3.3 Strategy
20.3.4 Strength
20.4 CleverPet Inc.
20.4.1 Business Overview
20.4.2 Product Offering
20.4.3 Strategy
20.4.4 Strength
20.5 Shanghai PETKIT Network Technology
20.5.1 Business Overview
20.5.2 Product Offering
20.5.3 Strategy
20.5.4 Strength
20.6 Feed and Go Inc.
20.6.1 Business Overview
20.6.2 Product Offering
20.6.3 Strategy
20.6.4 Strength
20.7 Anser Innovation LLC
20.7.1 Business Overview
20.7.2 Product Offering
20.7.3 Strategy
20.7.4 Strength
20.8 Pawbo Inc.
20.8.1 Business Overview
20.8.2 Product Offering
20.8.3 Strategy
20.8.4 Strength
21 Summary of the Report
21.1 Descriptive Summary
22 Summary of Figures
23 Appendix
23.1 List of Abbreviations
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