Pet Camera Market Increasing Demand, Emerging Trends, Growth Opportunities and Future scope – Emergen Research

According to a new analysis by Emergen Research, the size of the worldwide pet camera market is anticipated to reach USD 525.8 million by 2028 at a CAGR of 23.4%. Growing popularity of pets and companion animals, the demand for remote pet monitoring among working people, rising costs for pet care and monitoring equipment, and rising disposable incomes of individuals are the main factors driving the worldwide pet camera market revenue growth. Other important aspects contributing to the growth of the global market revenue include rising worries about the safety and comfort of pets, an increase in the installation of home security cameras, and technological advancements in pet camera designs, features, and functionalities.

To keep an eye on a pet’s activity, this device rotates 360 degrees. Some pet tracking tools have an enhanced night vision capability that makes it simple to keep an eye on the animals at night. To determine whether a pet’s caregiver is meeting the demands of the animal, people need this equipment. Additionally, some people care for their pets as if they were family members and have a strong emotional bond with them. They constantly want to monitor their eating habits, personal hygiene, and health. Because of this, pet owners feel the need for pet monitoring gadgets, which will let them keep an eye on their animals’ every move even when they are at work. Additionally, pet owners find it amusing to observe the playful antics of their pets at work, which helps to lower their stress.

The market for pet surveillance cameras has grown significantly in wealthy nations from North America and Europe. The growing number of households with two incomes enables consumers to spend more on their companion animals. The trend of adopting pets together with growing safety concerns is anticipated to fuel market expansion. Additionally, the adoption of cutting-edge technologies and the rising number of millennial pet owners have been fueling market expansion.

The fastest CAGR of around 28% is anticipated for the online distribution channel from 2019 to 2025. In the coming years, it is anticipated that the booming e-commerce sector of the consumer electronics industry will improve online pet monitoring camera sales. Amazon dominated online pet product sales in 2018. Other significant e-commerce merchants in the sector include PetSmart Inc., Walmart, Petco Animal Supplies, Inc., Target Brands, Inc., eBay Inc., and Costco Wholesale Corporation. PetSmart Inc. purchased Chewy, Inc. in May 2017 for USD 3.35 billion in order to expand its e-commerce footprint.

Some Key Highlights in the Report:

The one-way video functionality category accounted for the biggest revenue share in the global pet camera market in 2020 among product type categories. One-way video pet cameras are appropriate for live audio and video calls, and these gadgets work with tablets and smartphones. A major element driving this segment’s revenue growth is the increasing demand for these gadgets due to various useful features including automatic treat delivery, a laser dot chase game, a configurable built-in ringtone, temperature monitoring, and sound and motion detection.

In terms of revenue, the treat dispensing application was the most significant of all the segments in 2020. The demand for pet monitoring cameras with cutting-edge, pet-friendly features, such as automatic treat dispensing, is on the rise, along with an increase in the number of pet owners worldwide.

By 2020, North America had the highest revenue share of any geographic market for pet cameras. Rising pet culture, particularly among millennials, rising adoption and rescuing of pet animals, and rising adoption of companion animals for the elderly and disabled are some of the key reasons propelling the North American market’s expansion. Growing worries about pet security and safety, soaring demand for high-tech pet monitoring cameras, and high per capita income in the region all contribute to the growth of the regional market.

Some of the leading businesses functioning in the global pet camera market include Guardzilla, Motorola Inc., Google LLC, Amazon Inc., Wagz Inc., Petcube Inc., PetChatz LLC, Ezviz Inc., Furbo, Acer Inc. (Pawbo Inc.), Zmodo Technology Corporation Ltd., and Vimtag LLC.

For the purpose of this report, the global pet camera market is segmented on the basis of product type, application, end-use, distribution channel, and region:

Product Type Outlook (Revenue, USD Million; 2018-2028)

·         One-way Video Functionality

·         Two-way Video Functionality

Application Outlook (Revenue, USD Million; 2018-2028)

·         Monitoring

·         Communicating

·         Treat Dispensing

·         Real-time Alert

·         Remote Training

·         Others

End-use Outlook (Revenue, USD Million; 2018-2028)

·         Pet Owners

·         Veterinarians

·         Professional Trainers

·         Others

Distribution Channel Outlook (Revenue, USD Million; 2018-2028)

·         Offline Distribution Channels

·         Online Distribution Channels

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