North America Pet Smart Tracker Market Size, Share & Industry Trends Analysis Report By Pet Type (Dogs and Cats), By Distribution Channel (Offline and Online), By Technology (GPS, RFID and Others), By Country and Growth Forecast, 2022 - 2028
The North America Pet Smart Tracker Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
The awareness of the welfare of pets is rising among owners. There is an increase in technology, for instance, cameras in collars, pet wearables, and tracking devices, due to the sector’s hike in funding in the past few years. The Internet of things (IoT) will be a crucial player in this market’s future. With these devices’ connectivity, live data transmission related to the pet’s health to pet owners or veterinarians will be enabled.
To quickly & efficiently monitor the health of the pet with wireless technology and portable devices, the non-invasive wearable sensor system including electrocardiogram (ECG), Inertial measurement units (IMU), and Photoplethysmograph (PPG) are being offered by market players. With the constant technological advancement in GPS, sensors, cameras, etc. trackers are getting more innovative and beneficial for the owners.
Owning a pet cat can lead to many health benefits. Pets are known to increase the opportunities for exercise, to socialize, and getting outside. Daily walks and playtime with pets can decrease blood pressure, triglyceride, and cholesterol levels, and pet companions can aid in the owner’s depression and loneliness. Most households in the United States own at least one pet due to these health benefits associated with parenting a pet.
The US market dominated the North America Pet Smart Tracker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $510.7 Million by 2028. The Canada market is poised to grow at a CAGR of 10.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.3% during (2022 - 2028).
Based on Pet Type, the market is segmented into Dogs and Cats. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Technology, the market is segmented into GPS, RFID and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Jio, Inc. (Life360, Inc.), Whistle Labs, Inc. (Mars Petcare) (Mars Incorporated), Dynotag, Inc., Felcana (Pet Technology Limited), High Tech Pet Products, Inc., NUM’AXES, Loc8tor Ltd., Avid Identification Systems, Inc., and Datamars SA.
Scope of the Study
Market Segments covered in the Report:
By Pet Type
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