Global Pet Monitoring Cameras Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Forecast to 2029
Global Pet Monitoring Cameras Market: Product Overview
"The Pet Monitoring Cameras Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Pet monitoring cameras connect to pets while owners are out, leaving pets alone at home. To monitor and observe pets from anywhere, technologically advanced pet monitoring cameras have facilities such as 24/7 video streaming on smartphones.
Pet owners can watch, hear, and talk to pets from anywhere at any time using these pet monitoring cameras. In addition, pet cameras have treat dispenser, which helps feed pets, especially dogs, special treats on command.
There are also facilities in these cameras, such as motion sensing that alerts owners by notification when dogs bark, jump or bite excessively. Pet monitoring cameras allow owners to save their dogs and other pets by keeping an eye on them all day. These cameras also make life of pets more comfortable and happy as they get 24/7 protection and care from owners even when they are out of home.
The major factor driving demand for pet monitoring cameras in the global market is growing pet ownerships. In addition, increasing spending on monitoring devices and other pet accessories owing to increasing purchasing power of modern consumers have been driving growth of the global pet monitoring cameras market.
Due to very busy work schedule, taking care of their beloved companion animals is very stressful for today’s working population. Owing to this fact, pets are at risk of suffering from loneliness and depression when they are left alone at home. Attributed to this, demand for pet monitoring cameras have been increasing in the global market. Consumers purchase it to have an eye on their beloved pets when they are out of home for work or for other purposes.
Various use of these cameras such as interacting, monitoring, training, entertaining, and treating pets is expected to increase demand for pet monitoring cameras in the global market over the forecast period. Pet monitoring cameras have been gaining significant traction in regions including Europe and North America due to increasing purchasing power.
Increasing concerns on safety of beloved pets and growing trend of adopting pets are expected to drive growth of the global pet monitoring cameras market over the forecast period. In addition, continuous increase in the number of pet owners, especially millennial pet owners, and increasing adoption of various advanced technologies are expected to drive further growth of the global pet monitoring cameras market over the forecast period.
Global Pet Monitoring Cameras Market Analysis:
By Product: Among the product segments, the one-way video functionality segment accounts for highest revenue share currently, and is expected to continue its dominance over the forecast period. This is attributed to its features such as sound and video recording and live streaming of HD video. In addition, recently added innovative functions such as laser dot chase game, automatic treat dispenser, sound and motion detection capabilities, customizable built-in ringtone, snapshots capturing, and temperature monitoring are attributed to growth of this segment.
By Distribution Channel: Among the distribution channel segments, the offline segment accounts for highest revenue share currently, and is expected to continue to do so during the forecast period. This high revenue share is attributed to increasing penetration of supermarkets and hypermarkets.
Global Pet Monitoring Cameras Market Regional Analysis:
Among the regions, the North America pet monitoring cameras market accounts for dominant revenue share in the global market and this is expected to continue during the next five years. This dominance is attributed to growing number of millennial pet owners and increasing spending on pet accessories in the region.
Global Pet Monitoring Cameras Market Segmentation:
- One-way Video Functionality
- Two-way Video Functionality
By Distribution Channel:
- North America
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- PetSmart Inc.
- Petco Animal Supplies, Inc.
- Target Brands, Inc.
- eBay Inc.
- Costco Wholesale Corporation
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