PUBLISHED DATE : Aug 2017 | Pages : 152
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Interactive Pet Monitors Market Size, Share, & Trends Analysis Report by Product Type (Stand-alone monitoring devices and Monitoring Devices with Integrated food dispensers), Technology Type (Mobile monitoring devices and Stationary monitoring devices), Major Geography (APAC, Europe, North America, RoW), Key Countries (Australia, Canada, China, Germany, UK, and US) Industry Analysis Report, Regional Outlook, Growth Trends, Competitive Landscape, Share & Forecast, 2017-2022
152 Pages
106 Tables
106 Charts
4 Regions
6 Countries
11 Companies
3 Market Segment
| 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 |
High likelihood to use technology for tracking pets
Rise in inclination to adopt pets as companion, 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 pnteractive pet monitors market during the forecast period. Additionally, use of crowdsourcing techniques to launch products in market, 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. Increased tendency among pet owners to treat pets as part of family, high expenditure on pets’ diet in developed countries, growth in pet insurance industry, ability of vendors to increase marketing budgets, and push for digital economy in developing economies are among the latest trends that are expected to push the market during the forecast period.
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 dispenser 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 monitors devices is expected to decline during the forecast period because of high demand.
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 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.
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