What are the Historical Developments and Current Growth Metrics of the Smart Pet Camera Market?
The smart pet camera market has seen considerable growth due to a variety of factors.
• The market size for smart pet cameras has experienced a quick expansion in the last few years. From $2.73 billion in 2024, it is projected to increase to $3.16 billion in 2025, indicating a compound annual growth rate (CAGR) of 16.0%.
The remarkable growth during the historical period can be credited to factors such as increased interest in exotic or specialty pets, heightened consciousness about pet health and safety, access to advanced pet cameras with capabilities like live HD video streaming, and the escalating demand for multi-functional monitoring gadgets, along with the availability of reasonably priced pet cameras.
What is the Forecasted Market Size and CAGR for the Smart Pet Camera Market?
The smart pet camera market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of smart pet cameras is projected to experience significant expansion in the coming years. The market is estimated to reach $5.75 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.1%.
This growth during the predicted period could be attributed to factors such as the boost in pet ownership, especially amongst millennials, heightened use of smartphones and laptops for monitoring pet activities, synchronized use with smart homes and IoT devices, increased preference for multifunctional cameras, and the demand for monitoring and communication devices. The forecast period is expected to witness major trends like technological advancements, manufacturers prioritizing the design and development of superior pet cameras, incorporation of cutting-edge technologies, introduction of advanced features such as cloud storage options, and pet cameras providing two-way video functionality.
What Key Factors and Trends Are Driving The Growth Smart Pet Camera Market?
Anticipated growth in the smart pet camera market is predicted to be fueled by rising pet ownership. The term pet ownership relates to the ethical and legal obligation to take care of and sustain an animal. The number of pet owners is increasing for companionship and emotional consolation, as having a pet offers comfort and can lessen feelings of solitude. Smart pet cameras are utilized by pet owners to remotely monitor and engage with their pets, significantly improving the pets' health and providing reassurance to the owners. For example, the World Animal Foundation reported in August 2024 that according to the UK-based Pet Ownership Foundation Statistics, it's estimated that 17.2 million households, which equates to 60% of the total, will possess one of the 36 million pets in the UK in 2024. Consequently, the surge in pet ownership is contributing to the expansion of the smart pet camera market.
What Are The Market Segments In The Smart Pet Camera Market?
The smart pet camera market covered in this report is segmented –
1) By Product Type: One Way Video Functionality, Two Way Video And Audio Functionality
2) By Price Range: Low, Medium, Premium
3) By Distribution Channel: Offline, Online
4) By Application Type: Communication, Monitoring, Treat-Dispersing, Remote Training, Video And Photo Capture, Real-Time Bark Alert
Subsegments:
1) By One Way Video Functionality: Basic Monitoring Cameras, HD Video Cameras
2) By Two Way Video And Audio Functionality: Interactive Pet Cameras, Cameras With Treat Dispensers
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What Emerging Trends Are Influencing The Growth Of The Smart Pet Camera Market?
Key players in the smart pet camera industry are venturing into the creation of state-of-the-art products like the C6 cameras to gain a significant competitive advantage. The C6 camera by EZVIZ is equipped with features including 2K+ resolution, auto-zoom tracking, AI-boosted human and pet detection, and two-way calling, making it ideal for house surveillance and observation. For example, EZVIZ Inc., a firm based in the USA focusing on smart house tech, introduced the AI-based C6 camera in March 2022, aiming to alleviate the worries of parents and pet parents. The C6 camera is powered by AI and notifies users when it identifies different incidents such as people passing by, jumping animals, and sudden loud noises. Users can receive video calls from their children or interact with their pets to soothe them, receive urgent alerts, and watch any captured moments saved in the camera's memory.
Who Are the Key Players In The Smart Pet Camera Market?
Major companies operating in the smart pet camera market are:
• Robert Bosch Tool Corporation
• TP-Link Technologies Co. Ltd.
• Arlo Technologies Inc.
• Nedis B.V.
• PAPAGO Inc.
• Dogness International Corporation
• CleverPet Inc.
• Petcube Inc.
• Petcube Inc.
• Wyze Labs Inc.
• Furbo Co. Ltd.
• YI Technology
• Kona Labs Inc.
• PETKIT Innovation Labs Inc.
• Petnet GmbH
• Anker Innovations Limited
• Shenzhen Woot Technology Co. Ltd.
• Shenzhen Obexx Intelligent Technology Co. Ltd.
• Sure Petcare Limited
• Shenzhen Petfon Technology Co. Ltd.
• Skymee Co. Ltd.
• Fujian Meike Network Technology Co. Ltd.
• Petzi Inc.
• PetChat Inc.
• TESLA Solar s.r.o
What Are The Regional Insights Into The Smart Pet Camera Market?
North America was the largest region in the smart pet camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pet camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
