Global Wild Animal Tracking Market - 2024-2031

Global Wild Animal Tracking Market - 2024-2031

Global Wild Animal Tracking market reached US$ XX million in 2023 and is expected to reach US$ XX million by 2031, growing at a CAGR of XX% during the forecast period 2024-2031.

Tracking devices deliver data that scientists use to know daily movements, the area in which an animal ranges, other animals in the same range, and the habitats an animal uses. Wild animal tracking aids the researchers in understanding their travel patterns, habitat use, and population dynamics.

Tracking animals can help wildlife managers track the health and status of populations, as well as identify and address potential threats. The wild animal tracking market is expected to grow in the future as new technologies emerge and also due to the increasing demand for devices and services.

Market Dynamics: Drivers & Restraints

Increasing technological advancements in tracking devices

The growing technological advancements in the devices that help in tracking wild animals are expected to drive market growth. The integration of technologies like GPS, satellite communication, and artificial intelligence (AI) is improving the accuracy, efficiency, and cost-effectiveness of wildlife tracking. The launch of advanced tracking systems for the welfare of humans as well as animals is also expected to drive market growth.

For instance, in November 2023, ICOTEQ launched the TAGRANGER system of products. With superior configurability for logging data, reporting location and engaging in GPS-beating ranging technology, TagRanger will direct individuals to the exact Tag location with a precision that gets them within touching distance.

Additionally, in January 2024, the Max Planck Institute introduced the KineFox, a pioneering GPS tracker for wildlife. This device is powered by kinetic energy, marking a significant leap in IoT device sustainability. Thus, the above factors are expected to drive market growth in the forecast period.

Stringent regulations associated with the approvals

The stringent regulations and the ethical concerns associated with tracking devices are expected to hinder market growth. The implantable tracking devices may cause behavioral changes in the animals and can also raise discomfort. These factors are expected to hamper the market growth in the forecast period.

Segment Analysis

The global wild animal tracking market is segmented based on product type, technology and region.

Collars Segment is Expected to Dominate Market

Collars segment holds the dominant position in the market share as they are more convenient and effective in tracing the animals. To track the movements of wild animals, researchers and conservationists attach collar tags around their necks. These tags are equipped with GPS units, satellite transmitters, or VHF or UHF transmitters.

Through the use of GPS collars or implants, conservationists can remotely monitor the movements of endangered animals and identify any questionable activity. The animals wear these collars around their necks, which use GPS technology to send signals that satellites can follow. Wildlife telemetry collars equipped with the Global Positioning System (GPS) are being used more often to track the movements of wild animals.

Geographical Analysis

North America is expected to dominate the global wild animal tracking market

North America is expected to hold the dominant position in the market share. This is due to technological advancements such as GPS collars, radio telemetry and also the innovations that are being brought frequently. The rise in the awareness of conservation of wild animals and government initiatives have also been driving the market growth in the region and are expected to continue throughout the forecast period.

Strong demand for tracking solutions throughout the region is created by government support for research, growing public interest in wildlife conservation, and leading research institutions and funding agencies in the US making significant contributions to research and development in wildlife tracking technologies.

For instance, the US Department of Transportation has announced $350 million in funding to combat vehicle-wildlife collisions. Indigenous groups as well as state and local governments will have access to $350 million (€320) to combat the issue. The federal infrastructure funds will be used to track animals, build wildlife corridors along roads and add warning signs for drivers. Thus, the above factors are expected to hold the region in the dominant share.

COVID-19 Impact Analysis

COVID-19 has had a negative impact on market growth. This is due to the hurdles that are being faced by the device manufacturing companies during the pandemic. The pandemic has shifted the focus and funding of organizations towards the development of drugs which has lessened the funding for wildlife conservation. Thus, the above factors have affected the market growth.

Market Segmentation

By Product Type
• Backpacks
• Collars
• Implants
• Others

By Technology
• Argos Systems
• GPS Systems
• VHF Transmitting Systems
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In February 2024, the Tamil Nadu Forest Department launched an artificial intelligence (AI) based early warning system that is designed to save wild elephants from getting hit by moving trains. The system operates with the support of camera-mounted towers installed on the sides of railway tracks.

Competitive Landscape

The major global players in the market include Telonics, Inc., Telemetry Solutions, NFC Group, Advanced Telemetry Systems, Inc., Wildlife Drones, VECTRONIC Aerospace GmbH, North Star Science and Technology, Perdix Wildlife Supplies, Cellular Tracking Technologies, and Titley Scientific among others.

Why Purchase the Report?
• To visualize the global wild animal tracking market segmentation based on product type, technology and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of wild animal tracking market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global wild animal tracking market report would provide approximately 64 tables, 61 figures and 186 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies