According to a recent market analysis by Future Market Insights (FMI), the pet monitoring camera market is expected to reach a valuation of USD 54.3 million in 2022, with sales projected to grow at a CAGR of 5.5%. By 2032, the market size is anticipated to hit USD 93.5 million.
The rising consumer demand for advanced technology that ensures the safety and well-being of pets is driving the popularity of pet monitoring cameras, a trend expected to continue throughout the forecast period.
These cameras have gained traction in the market due to their multifunctional capabilities. While the market was initially dominated by one-way video cameras, consumer preferences are shifting toward devices that offer two-way video and audio functionality. This segment is anticipated to surpass the one-way video segment during the forecast period.
These innovative devices allow pet owners to visually interact with their pets, feed them at scheduled times, engage them in play, and keep them entertained.
Key Takeaways from Pet Monitoring Camera Market Study
- By product type, one-way video currently holds the largest revenue share over the assessment period
- The two-way video and audio functionality segment will grow at the fastest rate during the forecast period.
- Based on price range, demand for low priced pet monitoring cameras is likely to grow at a robust pace over the next 10 years.
- Currently, North America dominates the global pet monitoring camera market.
- Pet monitoring cameras market in China is expected to grow at a healthy CAGR of 6.5% during the forecast period.
- The U.K. pet monitoring camera market is anticipated to accelerate at 3.5% CAGR between 2022 and 2032.
Competitive Landscape
The global pet monitoring camera market is highly competitive, with numerous companies vying for market share. To boost their revenue, leading manufacturers are concentrating on launching new products featuring advanced capabilities.
For instance,
- In 2022, Petlibro launched its new camera monitoring automatic pet feeder for caring pet parents.
- In February 2020, Petcube launched Petcube Bite 2, a smart pet cam with a reward dispenser and an Alexa function for working pet parents. Pet owners may use the technology to access over 50,000 Alexa capabilities hands-free, as well as set auto-play
- In 2022, Furbo introduced Furbo 360, a smart cam which gives 360-degree view.
Key Companies Profiled
- Petcube
- Acer Inc.
- Amazon.com Inc.
- Furbo
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Lenevo Group Ltd.
- PetChatz LLC
- Vimtag Technology Co. LTD
- Wagz Inc.
- Zmodo
- Pawbo
- Motorola
- Cleverdog
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Pet Monitoring Camera Market by Category
By Product Type:
- One Way Video Functionality
- Two Way Video and Audio Functionality
By Application Type
- Communication
- Monitoring, Real-Time Bark Alert
- Treat-Dispersing
- Remote Training
- Video and Photo Capture
By End User Type:
- Pet Parents
- Veterinarians
- Professional Trainers
By Sales Channel Type:
- Online Retailers
- Hypermarket/Supermarkets
- Speciality Stores
- Multi-Brand Store
- Discount Stores
By Price Range:
- Low
- Medium
- Premium
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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