The smart pet locator and motion detector market has grown strongly, with its size expected to increase from $92.25 billion in 2023 to $100.44 billion in 2024, at a compound annual growth rate (CAGR) of 8.9%. This growth is driven by increased awareness of pet safety, a rise in the number of lost pets, growth in e-commerce platforms, increased urbanization, and more outdoor activities with pets. The market is projected to reach $143.40 billion by 2028, growing at a CAGR of 9.3%. This anticipated growth is attributed to rising pet ownership, heightened awareness of pet safety, increased disposable income, growing demand for real-time tracking and monitoring, and increased pet healthcare awareness. Major trends expected in the forecast period include technological advancements, integration with smart home systems, AI-powered pet tracking, Bluetooth technology, and subscription-based services.
Global Smart Pet Locator And Motion Detector Market Key Driver
The increasing pet ownership is expected to drive the growth of the smart pet locator and motion detector market. Pet ownership, which involves caring for domesticated animals as companions, has been rising due to factors such as companionship, improved living standards, urbanization, changing family structures, and awareness of health benefits. Smart pet locators and motion detectors help enhance pet safety, monitor activities, and provide peace of mind to owners. According to the American Pet Products Association (APPA) in June 2021, the number of Americans owning pets increased from 67% to 70%. This rise in pet ownership is boosting the smart pet locator and motion detector market, which grew from $0.78 billion in 2023 to $0.85 billion in 2024, with expectations to reach $1.21 billion by 2028.
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Global Smart Pet Locator And Motion Detector Market Segments
The smart pet locator and motion detector market covered in this report is segmented –
1) By Type: With Display, Without Display
2) By Application: Training, Tracking, Monitoring
3) By sales Channels: Offline, Online
By Geography:The regions covered in the smart pet locator and motion detector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the smart pet locator and motion detector in 2023.
Major Smart Pet Locator And Motion Detector Industry Players
Tractive GmbH, Whistle Labs Inc., Petsafe, Pitpatpet Ltd., Weenect SAS, Invoxia SA, PetPace Ltd., Link My Pet Wearables Inc., Kippy Srl, Petrics Inc., KYON LLC, Wagz Inc., Findster Technologies SA, Pawfit, Girafus Technology GmbH, Halo Collar Inc., Cube Tracker LLC, Dynotag Inc., Aarvi Trade Solution Private Limited, FitBark Inc., FitBark Information, Jiobit Inc.
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Smart Pet Locator And Motion Detector Market Overview
A smart pet locator and motion detector is a device designed to help pet owners keep track of their pets' whereabouts and monitor their movements. It typically combines GPS technology and motion sensors for real-time location tracking and activity monitoring. Smart pet locators and motion detectors offer peace of mind to pet owners by ensuring they can quickly locate their pets and monitor their health and activity, enhancing safety and well-being.
Smart Pet Locator And Motion Detector Global Market Report 2023 provides data on the global smart pet locator and motion detector market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart pet locator and motion detector market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
