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Asia Pacific Smart Connected Pet Collar Market Research Report – Segmented By Pet Type (Cats and Dogs), Sales Channel (Offline and Online) and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029

Published: March, 2023
ID: 11968
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Smart Connected Pet Collar Market Size (2024 to 2029)

The size of the Asia Pacific smart connected pet collar market is estimated to reach USD 179.8 million by 2029 from USD 104.4 million in 2024, growing at a CAGR of 11.48% from 2024 to 2029.

Smar-connected pet collars are designed to screen the temperature, coronary heart rate, position, and region of pets through the potential of Wi-Fi communication. These collars aid in the monitoring of the fitness of puppies and cats through a cell application. Smart pet collars are outfitted with Wi-Fi monitoring instruments and track the pet's crucial fitness parameters consisting of however now not restricted to temperature, coronary heart rate, and so on.

Factors such as rising disposable income and rising pet populace would create profitable boom potentialities for the Smart Connected Pet Collar market throughout the Asia-Pacific region. Asia-Pacific money owed for the perfect Share in the Overall Smart Connected Pet Collar Market The market amplification in Asia-Pacific is attributed to the strong funding in search for and enhancement coupled with immoderate client interest and willingness to pay for the most advantageous technologies. The Asia-Pacific place is estimated to give a boost with pleasant CAGR in the route of the forecast period. Further, growing demand from working people for pet monitoring acts as a main driver for the Asia Pacific Smart Connected Pet Collar Market. Also, the growing pet expenditure is fuelling the growth rate of the APAC market.

The main riding element that assists the boom of the Asia-Pacific Smart Connected Pet Collar market is the developing pet adoption throughout the region. Increasing investments with the aid of the predominant key gamers of the market in lookup and improvement is additionally one of the main boom factors of the Smart Connected Pet Collar market in the Asia Pacific region. The Increasing investments employing the main key gamers of the market in lookup and improvement are additionally one of the primary boom elements of the Smart Connected Pet Collar market in the Asia Pacific region.

Impact of COVID-19 on the Asia Pacific smart connected pet collar market:

Since early 2020, the Smart-Connected Pet Collars market share has decreased due to the spread of the novel coronavirus. The record objects to furnish the pre-COVID-19 kingdom of the Smart-Connected Pet Collars market and in addition, it affords a forecast for the COVID-19 length during the forecast period. The loss of profits all through the lockdown and the unsure future is supposed to affect purchaser spending on pet possession and care. However, the pandemic has made it viable for pet proprietors to spend more time with their pets and to apprehend their dietary and emotional needs. The enhanced ties are anticipated to pressure demand for loT-enabled pet care merchandise as soon as monetary prerequisites improve.

This research report on the APAC smart connected pet collar market has been segmented and sub-segmented into the following categories.

Asia Pacific Smart Connected Pet Collar Market – By Pet Type:

  • Cats
  • Dogs

The dog section accounted for the important market share; however, the cat area is forecasted to improve with an ideal CAGR at some stage in the comparison period. The surge in the hobby of the wise associated products, owing to a couple of benefits has resulted in the extended demand for smart collars in developed regions. Moreover, big marketing and advertising and advertising and marketing and marketing, an upward push in consumer focus regarding good technology, and a lengthening in expenditure and pet merchandise are expected to fuel the cleverly linked pet collar market growth.

Asia Pacific Smart Connected Pet Collar Market – By Sales Channel:

  • Offline
  • Online

The offline segment leads in phrases of Asia Pacific Smart Connected Pet Collar Market share in 2018. However, this segment is expected to lose market share, owing to creating an incidence of online profits channel. The online earnings channel segment is to gain large traction in the upcoming years and is predicted to witness a CAGR of 10.6% in the course of the forecast period.

Asia Pacific Smart Connected Pet Collar Market – By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The regional evaluation of the Asia Pacific Smart Connected Pet Collar Market is viewed for the key areas. Asia-Pacific is additionally expected to showcase the easiest increase in CAGR over the forecast period.

KEY MARKET PLAYERS:

Companies playing a leading role in the APAC smart-connected pet collar market include PetPace, Scollar, Tractive, Eureka Technology Partners, Fitbark and Tractive LLC.

RECENT HAPPENINGS IN THE MARKET:

  • Fitbark Corporation has partnered with Fit bit which approved the employer to add greater performance to clever pet collars in which the machine can tune each day's distance traveled which consists of the wide variety of energy that has burned.

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