In 2018, the global pet monitoring camera market was worth USD 49.5 millions. The market is growing because of rising pet ownership, particularly among millennials. The market's growth has been supported by rising consumer spending on accessories and monitoring devices for pets, as well as an increase in the purchasing power of consumers.
Because of their busy work schedules, taking care of companion animals can be stressful. Because companion animals can be lonely and depressed if they are left alone, it is more difficult for them to take care of themselves. Consumers are increasingly turning to monitoring cameras to keep an eye on their pets at the house. These cameras are used primarily to interact, train, monitor, treat, and entertain pets.
The market for pet monitoring cameras has seen significant growth in developed countries across North America and Europe. Consumers can spend more on companion animals due to the increase in dual-income households. Market growth is expected to be driven by rising concerns about safety and the growing trend of pet adoption. The market has seen steady growth due to the adoption of advanced technologies and the increasing number of pet owners who are millennials.
The market has seen a rise in digital marketing, better distribution channels, social media promotion, and easy internet accessibility. In the near future, the adoption rate may be affected by the high cost of pet monitoring cameras. Due to their high price, many pet owners of middle income are reluctant to purchase these cameras. Many of these products require constant cloud connectivity. This is a problem in many developing countries like India, Indonesia, and Malaysia.
The largest market share, more than 85% of total revenue, was held by offline distribution channels in 2018. The offline retail sector has seen a rise in the number of supermarkets and hypermarkets. Producers have been using a hybrid model to reach a wider consumer base over the last few years. This includes both online and physical retail.
Online distribution is predicted to grow at a rate of 28% between 2019 and 2025. In the coming years, the online sales of pet monitoring cameras will be boosted by the rapid growth in e-commerce within the consumer electronics industry. Amazon was the largest online seller of pet products in 2018. PetSmart Inc., Walmart, Petco Animal Supplies, Inc., Target Brands, Inc., eBay Inc., and Costco Wholesale Corporation are other prominent e-commerce retailers within the industry. PetSmart Inc. purchased Chewy Inc. in May 2017 for USD 3.35 Billion to strengthen its position in the ecommerce market.
One-way video functionality products accounted for more than 85% of the market share in 2018. These products enable live streaming HD video with sound and the recording of video clips of pets on smartphones. Many of these products allow owners to communicate with their pets via one-way and two-way voice communications. Manufacturers have developed many innovative features to their products over the years. These include an automatic treat dispenser and laser dot chase game. These functions are attractive to pet owners who want better interaction.
From 2019 to 2025, the segment of two-way video functionality products is expected to experience the highest CAGR at 26.7%. Due to increasing demand for multi-purpose monitors, these products are gaining popularity. These devices allow owners to interact visually with their pets, feeding them at the right times and making them laugh. PetChatz's premium audio and HD camera was launched in 2014. It featured two-way video chats and treat dispense. Brain games, pet-to-parent messaging (pawcall), and calming aromatherapy. Because of their innovative features, these products are very popular with consumers.
North America dominated the market in 2018, contributing more than half of global revenue share. The growth of regional markets has been fueled by the large number of pet-owning households and the high purchasing power among the consumers. The American Pet Products Association, Inc. estimates that 68% of American households had a pet in 2018. The expenditure on this sector has increased significantly over the last few years. The domestic animal expenditures in 2018 surpassed USD 72 billion. In the United States, more than 60 million households have a dog and 45 households own cats.
Asia Pacific will see the highest CAGR of 26% between 2019 and 2025. Rapid urbanization is accelerating the adoption of companion animals in regional areas. In countries like India, Japan, Australia and China, domestic animal spending has increased. In Australia, for example, 76% of dogs are pets and 92% of cats, which suggests a high demand for surveillance cameras in the country.
Wagz, Inc., Tomofun (Furbo Dog Camera); Motorola, Inc., Zmodo (Pawbo Inc.); Anser Innovation LLC ("PetChatz"); Hangzhou Hikvision Digital Technology Co., Ltd., (Ezviz Inc.); Vimtag Technology Co., Ltd. are some of the key manufacturers. Petcube partnered with Cesar Millan (a dog trainer) to improve their product. To appeal to a wider consumer base and gain competitive advantage, manufacturers have introduced innovative and technologically advanced products.
This report predicts revenue growth at the global, regional, or country level and offers an analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research segmented the global pet monitor camera market report by product, distribution channel and region.
Product Outlook (Revenue USD '000, 2015-2025)
One-way video functionality
Two-way video functionality
Distribution Channel Outlook (Revenue USD '000, 2015-2025)
Offline
Online
Region Outlook (Revenue USD '000, 2015-2025)
North America
The U.S.
Europe
Germany
The U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
Up Market Research published a new report titled “Pet Monitoring Camera Market research report which is segmented by Product (One-way Video Functionality, Two-way Video Functionality), by Distribution Channel (Online, Offline), By Players/Companies Ltd Over the past few years, Acer Inc (Pawbo Inc), Inc, Petcube collaborated with Cesar Millan, Wagz, to improve their product with the help of the knowledge about the relationship between pets and their owners Manufacturers have been introducing technologically advanced and innovative products to cater to the larger consumer base and to gain a competitive advantage, Inc, Petcube, a dog trainer, Ltd (Ezviz Inc), Zmodo, in July 2018, Vimtag Technology Co, Guardzilla, Motorola, Anser Innovation LLC (PetChatz), Tomofun (Furbo Dog Camera), Inc, Hangzhou Hikvision Digital Technology Co, manufacturers have been collaborating with professional trainers and behaviorists to improve their products For instance”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Pet Monitoring Camera Market Research Report |
By Product | One-way Video Functionality, Two-way Video Functionality |
By Distribution Channel | Online, Offline |
By Companies | Ltd Over the past few years, Acer Inc (Pawbo Inc), Inc, Petcube collaborated with Cesar Millan, Wagz, to improve their product with the help of the knowledge about the relationship between pets and their owners Manufacturers have been introducing technologically advanced and innovative products to cater to the larger consumer base and to gain a competitive advantage, Inc, Petcube, a dog trainer, Ltd (Ezviz Inc), Zmodo, in July 2018, Vimtag Technology Co, Guardzilla, Motorola, Anser Innovation LLC (PetChatz), Tomofun (Furbo Dog Camera), Inc, Hangzhou Hikvision Digital Technology Co, manufacturers have been collaborating with professional trainers and behaviorists to improve their products For instance |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 200 |
Number of Tables & Figures | 140 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (One-way Video Functionality, Two-way Video Functionality), by Distribution Channel (Online, Offline).
Pet Monitoring Camera Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Pet Monitoring Camera Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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