NEW
YORK, June 19, 2024 /PRNewswire/ -- The
global pet monitoring camera market size is estimated to
grow by USD 950.7 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 23.3% during the forecast
period. Increased number of pet ownerships is
driving market growth, with a trend towards introduction
of technology-enhanced products. However, reluctance of pet
owners to buy high priced products poses a challenge. Key
market players include Acer Inc., Amazon.com Inc., Arlo
Technologies Inc., Centrica Hive Ltd., EZVIZ Inc., Furbo, Hangzhou
Hikvision Digital Technology Co. Ltd., Lenovo Group Ltd., Neos
Ventures Ltd., PetChatz LLC, Petcube Inc., PETKIT Ltd., Shenzhen
Skymee Technology Co. Ltd, Vimtag, Wagz Inc., Wopet, Wyze Labs
Inc., Xiaomi Communications Co. Ltd., and Zmodo Technology Corp.
Ltd..
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (One-way video
and Two-way video), Distribution Channel (Offline and Online), and
Geography (APAC, North America, Europe, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Acer Inc., Amazon.com
Inc., Arlo Technologies Inc., Centrica Hive Ltd., EZVIZ Inc.,
Furbo, Hangzhou Hikvision Digital Technology Co. Ltd., Lenovo Group
Ltd., Neos Ventures Ltd., PetChatz LLC, Petcube Inc., PETKIT Ltd.,
Shenzhen Skymee Technology Co. Ltd, Vimtag, Wagz Inc., Wopet, Wyze
Labs Inc., Xiaomi Communications Co. Ltd., and Zmodo Technology
Corp. Ltd.
|
Key Market Trends Fueling Growth
The pet monitoring camera market is experiencing significant
growth due to the introduction of advanced, multi-functional
devices. Companies like Petcube and Furbo are leading this trend
with innovative features such as high-definition video, wide-angle
views, night vision, and remote control. These cameras not only
monitor pets but also alert owners when feeding is required.
Additionally, portable, battery-operated devices like PetChatz HD
offer interactive connectivity and motion/sound detection.
Manufacturers' high competency is driving product innovation and
market expansion.
The Pet Monitoring Camera market is currently experiencing
significant growth. Adoption of technology in pet care is on the
rise, with trends such as remote monitoring and automation becoming
increasingly popular. Cameras are used to keep an eye on pets when
owners are away, providing peace of mind and ensuring pet safety.
Companies are focusing on developing features like motion
detection, night vision, and two-way audio to cater to consumer
needs. The market is also witnessing the integration of AI and
machine learning for advanced pet behavior analysis. The demand for
pet monitoring cameras is expected to continue, driven by the
growing number of pet owners and the desire for convenient and
effective pet care solutions.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The pet monitoring camera market faces challenges due to the
high cost of devices and additional operational expenses. Monthly
internet charges, installation and maintenance fees for wired
systems, and costs for added protection devices are significant.
These factors limit market growth, particularly in underdeveloped
and developing countries where the population primarily falls under
the middle or low-income bracket.
- The Pet Monitoring Camera market faces several challenges.
Consumers seek devices with high-definition (HD) video quality and
smart features like motion detection, night vision, and two-way
audio. However, ensuring consistent connectivity and reliable
performance in various environments can be difficult. Additionally,
ensuring security and privacy of the data transmitted is a
significant concern. Furthermore, the cost of advanced features and
the need for regular updates can deter some potential buyers.
Lastly, ensuring compatibility with various pet sizes and types
requires extensive research and development efforts.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This pet monitoring camera market report extensively covers
market segmentation by
- Product
- 1.1 One-way video
- 1.2 Two-way video
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 One-way video- The pet monitoring camera market
is experiencing significant growth due to the increasing adoption
of these devices for securing and monitoring pets. Fueled by high
Internet penetration and smartphone usage, these devices offer
peace of mind to pet owners by alerting them to any unusual
activity and even notifying authorities. With the rising importance
of companion animals in people's lives, the demand for pet
healthcare solutions is increasing, driving market growth during
the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Pet Monitoring Camera market has experienced significant
growth in recent years, particularly among middle-income pet owners
in urban areas. Millennial pet owners, who prioritize
companionship, emotional support, and stress relief, have embraced
technology to ensure the well-being of their cats and small dogs.
Pet monitoring cameras, equipped with high-resolution sensors,
night vision, and cloud connectivity, have become essential tools
for these pet parents. Petzi Treat Cam and Petzilla are popular
examples of pet accessories that offer remote treat dispensing and
real-time monitoring. The aging population also contributes to the
demand for these devices, as they provide peace of mind for seniors
and family members. The pet care sector continues to innovate with
advanced camera technology, enhancing the overall experience for
both pets and their owners.
Market Research Overview
The Pet Monitoring Camera market is a rapidly growing segment in
the security technology industry. These cameras enable pet owners
to remotely monitor their pets in real-time, providing peace of
mind and ensuring their pet's safety and well-being. The market is
driven by the increasing trend of pet ownership, the growing
awareness of pet health and welfare, and the advancements in
technology that allow for high-definition video and audio
streaming. The cameras come with features such as motion detection,
night vision, two-way audio, and cloud storage. They can be
accessed through smartphones, tablets, or computers, making it
convenient for pet owners to check on their pets from anywhere. The
market is expected to continue its growth trajectory due to the
increasing demand for advanced pet care solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- One-way Video
- Two-way Video
- Distribution Channel
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio