Global Pet Monitoring Camera Market - Industry Trends and Forecast to 2030

Pet Monitoring Camera Market Analysis and Size

Taking care of companion animals is stressful for the working population due to a busy work schedule. As a result, companion animals are at risk of suffering from depression and loneliness when they stay at home alone. Monitoring cameras have been increasingly gaining popularity among consumers for keeping an eye on their pets at home. These products are mainly used for interacting, training, monitoring, treating, and entertaining pets.

Data Bridge Market Research analyses that the global pet monitoring camera market which was USD 107.42 million in 2022, is expected to reach USD 640.28 million by 2030, and is expected to undergo a CAGR of 25.00% during the forecast period of 2023 to 2030.  “One-way video functionality” dominates the product type segment of the global pet monitoring camera market due to these products allow live streaming of HD video with sound and recording video clips of the pet on smartphones. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Pet Monitoring Camera Market Scope and Segmentation

Market Definition

Pet monitoring camera refers to a device that assists in tracking the activities of pets when owners are leaving their pets back at home. This device rotates around 360 degrees for monitoring the activities of pets and some of them have an advanced feature of night vision. People use this device for checking whether their caretaker fulfils the needs of a pet.

Global Pet Monitoring Camera Market Dynamics

Drivers

• A Rising Number of Pet Owners Worldwide

There has been a shift in demographics, with more people living in urban areas and smaller living spaces. This has led to an increase in pet ownership, especially of smaller, apartment-friendly pets like cats and small dogs. Pets offer companionship, emotional support, and stress relief, which has become increasingly important, especially in the fast-paced, urban lifestyles of many individuals and families. In some regions, an aging population has contributed to an increase in pet ownership as seniors turn to pets for companionship and a sense of purpose in their lives. Social media platforms showcase pets, creating trends like "petfluencers." The visibility of pets and their owners on platforms like Instagram and TikTok has made owning pets more appealing to a younger generation. Pets are increasingly viewed as family members, leading to more investments in their well-being, including advanced pet care products like monitoring cameras.

As the number of pet owners grows, the demand for products that enhance the care and well-being of pets, such as pet monitoring cameras, naturally increases. Pet owners seek ways to ensure the safety, health, and happiness of their pets, even when they are not physically present, driving the adoption of pet monitoring cameras as a valuable tool for remote pet care. This trend is expected to continue to bolster the global pet monitoring camera market as pet ownership continues to rise globally.

• Continuous Advancement in Camera Technology

Advancements in camera technology have played a pivotal role in driving the growth of the global pet monitoring camera market. These technological innovations have led to the development of more sophisticated and feature-rich pet monitoring cameras, making them more attractive to consumers. Modern pet monitoring cameras are equipped with high-resolution sensors, allowing users to capture clear and detailed images and videos of their pets. This is particularly important for pet owners who want to closely monitor their pets' activities and behaviors. Many pet monitoring cameras now come with infrared night vision capabilities, enabling pet owners to monitor their pets in low-light or completely dark conditions. This feature ensures continuous surveillance, even during night-time.

Advanced pet monitoring cameras often include two-way audio functionality, allowing pet owners to not only see but also communicate with their pets remotely. This feature can be comforting to both pets and owners and can help address separation anxiety in pets. Some cameras are equipped with wide-angle lenses that provide a broader field of view, enabling users to monitor larger areas or multiple pets within a single frame. Many pet monitoring cameras offer cloud storage options, enabling users to access recorded footage remotely through a mobile app or web portal. This ensures that pet owners can review past activities and share memorable moments.

These advancements in camera technology not only enhance the functionality and usability of pet monitoring cameras but also cater to the growing demand for high-quality, feature-rich devices among pet owners. As technology continues to evolve, pet monitoring cameras are likely to incorporate even more advanced features, further fueling their adoption in the market.

Opportunity

• Offering Customizable Features and Personalized Experiences

The opportunity for customization and personalization in the global pet monitoring camera market is a significant trend that can set brands apart and cater to the unique needs and preferences of pet owners. Pet owners have diverse needs and preferences when it comes to monitoring their pets. Offering customizable features allows customers to tailor the pet monitoring camera to their specific requirements. A more advanced level of customization can involve creating profiles for individual pets. Users can input specific information about their pets, such as their name, breed, age, and health condition. This data can then be used to tailor alerts and recommendations for each pet. Personalization can extend to the physical design of the pet monitoring camera. Offering customizable colors or skins can help users match the camera to their home decor or personal style.

Customization and personalization not only enhance user satisfaction but also foster brand loyalty. Pet owners are more likely to choose and remain loyal to brands that offer products and services tailored to their specific preferences and pet care requirements. In a competitive market, this opportunity can help companies stand out and capture a larger share of the pet monitoring camera market.

Restraint/Challenge

• The Use of Pet Monitoring Cameras Raises Privacy Concerns

Privacy concerns in the context of the global pet monitoring camera market refer to the worries and issues that arise when it comes to the collection, storage, and use of personal and pet-related data. These concerns can act as restraints on the growth and adoption of pet monitoring cameras. One of the primary privacy concerns is the security of the data captured and stored by pet monitoring cameras. Users worry about unauthorized access to their live feeds and recorded videos, potentially exposing their homes, pets, and personal lives to hackers or malicious actors. High-profile data breaches in various industries have heightened awareness about the importance of data security. Pet monitoring camera manufacturers must invest in robust cybersecurity measures to prevent data breaches that could lead to privacy violations.

Addressing privacy concerns is crucial for pet monitoring camera manufacturers. Companies need to be transparent about their data practices, implement strong security measures, and provide users with clear control over their data to alleviate these concerns and build trust among consumers. Failure to do so can result in reputational damage and regulatory penalties, impacting market growth.

This global pet monitoring camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global pet monitoring camera market Contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In June 2022, Furbo introduced its new Furbo 3600 Dog Camera, that lets people see, hear, and talk to their pet. Which is available now and costs USD 210 but is launching on Amazon and Furbo.com at the discounted price of USD 167
• In February 2020, Petcube launched Petcube Bite 2, a smart pet cam with a reward dispenser and an Alexa function for working pet parents. Pet owners may use the technology to access over 50,000 Alexa capabilities hands-free, as well as set auto-play.

Global Pet Monitoring Camera Market Scope

The global pet monitoring camera market is segmented on the basis of product, product type, application, and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• One-way Video Functionality
• Tow-way Video Functionality

Product Type

• Facial
• Hair
• Body
• Eye

Application

• Communication
• Monitoring
• Real-Time Bark Alert
• Treat Dispensing
• Remote Training
• Video and Photo Capture
• Others

End Users

• Pet Parents
• Veterinarians
• Professional Trainers
• Others

Global Pet Monitoring Camera Market Analysis/Insights

The global pet monitoring camera market is analyzed and market size insights and trends are provided by product, product type, application, and end users are referenced above.

The countries covered in the global pet monitoring camera market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.

Europe region is set to undergo high substantial gains during the forecast period 2023-2030 because of the presence of a large number of pet owning households along with the high purchasing power within the region.

Asia-Pacific register the highest compound annual growth rate (CAGR) for this period because of the rapid urbanization and rise in spending on domestic animals in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Pet Monitoring Camera Market Share Analysis

The global pet monitoring camera market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global pet monitoring camera market.

Some of the major players operating in the global pet monitoring camera market are:

• SCR Engineers LTD (U.S.)
• Avid Identification Systems, Inc. (U.S.)
• Datamars (Switzerland)
• FitBark Inc. (U.S.)
• Garmin Ltd. (U.S.)
• Spoton Logistics (India)
• Invisible Fence (U.S.)
• Whistle (U.S.)
• Link My Pet. (U.S.)
• Loc8tor Ltd. (U.K.)
• Motorola Mobility LLC (U.S.)
• Tractive (Austria)
• Trovan Ltd. (U.K.)
• Voyce (U.S.)
• Cybortra technology co., Ltd. (China)
• KYON (Switzerland)
• DOGTRA (U.S.)
• PetPace LTD. (U.S.)
• PawTrax (U.K.)
• Pod Trackers Pty Ltd (Australia)
• DAIRYMASTER (Ireland)
• Gibi Technologies Inc. (U.S.)
• IceRobotics Ltd (U.S.)
• INUPATHY Inc (Japan)

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