The global pet monitoring camera market size is expected to reach USD
250.1 million by 2025, according to a new report by Grand View Research, Inc.
The market is projected to expand at a CAGR of 26.0% during the forecast
period. Continuous surge in pet ownership among millennial population has been
driving the growth. Furthermore, the rapid adoption of the latest technology
among consumers is expected to increasing spending on advanced monitoring
products for pets.
The one-way video functionality accounted
for more than 85% of the market share in terms of revenue. Over the past few
years, the consumers have been attracted to the innovative features of these
products. Manufacturers have added features, including laser dot chase game,
automatic treat dispenser, motion and sound detection, and built-in ringtone,
to their monitoring devices. Furthermore, two-way voice communication has made
these devices more interactive.
Online distribution channel is expected to
witness a steady CAGR of over 28% from 2019 to 2025. Rising popularity of
e-commerce among consumers due to the convenience of shopping is expected to
boost the segment in near future. Major online retailers include Amazon;
PetSmart Inc.; Walmart; Target Brands, Inc.; eBay Inc.; and Petco Animal
Supplies, Inc.
Asia Pacific is expected to register the
fastest CAGR of 27.2% from 2019 to 2025. Prominent markets of this region
include China, Japan, Australia, and India. Over the past few years, increased
number of pets in the aforementioned countries has been witnessed. For
instance, According to the Japan Pet Food Association, the number of domestic
cats has increased by 123,000 to more than 9 million from 2017 to 2018.
Additionally, high number of millennial population in developing economies
including China and India is expected to open new avenues over the next few
years.
Key competitors in the pet monitoring
camera market include Guardzilla; Wagz, Inc.; Tomofun (Furbo Dog Camera);
Motorola, Inc.; Petcube, Inc.; Zmodo; Acer Inc. (Pawbo Inc.); Anser Innovation
LLC (PetChatz); Hangzhou Hikvision Digital Technology Co., Ltd. (Ezviz Inc.);
and Vimtag Technology Co., Ltd.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/pet-monitoring-camera-market
https://www.grandviewresearch.com/industry-analysis/pet-monitoring-camera-market
Further key findings from the report suggest:
· Two-way video functionality product segment
is expected to expand at the fastest CAGR due to the growing demand for visual
interactive monitoring devices
· Asia Pacific is expected to witness the
fastest CAGR of more than 27.2% from 2019 to 2025
· One-way video functionality segment held
the largest market share of over 80% in 2018
· North America led the global pet monitoring
camera market owing to the large number pet ownership and rising spending on
pet monitoring devices in U.S.
· Online distribution channel is expected to
register the fastest CAGR of over 28.1% from 2019 to 2025
Grand View Research has segmented the
global pet monitoring camera market on the basis of product, distribution
channel, and region:
Pet Monitoring Camera Product Outlook
(Revenue, USD’000, 2015 - 2025)
·
One-way Video Functionality
·
Two-way Video Functionality
Pet Monitoring Camera Distribution Channel
Outlook (Revenue, USD’000, 2015 - 2025)
·
Offline
·
Online
Pet Monitoring Camera Region Outlook
(Revenue, USD’000, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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