Smart Pet Camera Global Market Report 2024

The smart pet camera market size has grown rapidly in recent years. It will grow from $2.34 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth observed in the historical period can be attributed to factors such as the increasing demand for exotic or specialty pets, growing awareness about pet health and safety, the availability of smart pet cameras with features such as live HD video streaming, a surge in demand for multi-functionality monitoring devices, and the availability of cost-effective pet cameras. These elements collectively contributed to the adoption and popularity of smart pet cameras during the historic period.

The smart pet camera market size is expected to see rapid growth in the next few years. It will grow to $4.94 billion in 2028 at a compound annual growth rate (CAGR) of 16%. The anticipated growth in the forecast period for smart pet cameras can be attributed to factors such as the increasing trend of pet ownership, especially among millennials, the rising use of monitoring pets' activities through smartphones and laptops, integration with smart homes and IoT devices, the growing popularity of multifunctional cameras for pets, and the demand for monitoring and communication devices in the pet care sector. Major trends expected in the forecast period include advancements in technology, manufacturers investing in the design and development of more advanced pet cameras, the integration of advanced technologies, the incorporation of features such as cloud storage options, and the offering of smart pet cameras with two-way video functionality.

The increase in pet ownership is set to drive the growth of the smart pet camera market. Pet ownership involves the ethical and legal responsibility of caring for an animal, and it is experiencing a surge due to the growing desire for companionship and emotional support. Smart pet cameras play a crucial role in pet ownership by allowing owners to monitor and interact with their pets remotely, enhancing the well-being of pets and providing peace of mind to owners. According to the American Pet Products Association (APPA), Americans spent $136.8 billion on their pets in 2022, reflecting a 10.68% increase from 2021, and indicating a significant rise in pet ownership. The upward trend in pet ownership is a key driver for the growth of the smart pet camera market.

Major companies in the smart pet camera market are actively developing innovative products to gain a competitive advantage. The EZVIZ C6 camera, for example, offers features such as 2K+ resolution, AI-powered human and pet detection, auto-zoom tracking, and two-way calling, making it suitable for home security and monitoring. Launched by EZVIZ Inc. in March 2022, the C6 camera is equipped with artificial intelligence that alerts users to various events, such as people walking by, jumping animals, and sudden loud noises. This smart camera provides users with the ability to receive calls from family members or talk to their pets for comfort, receive emergency notifications, and revisit any missed moments saved on the camera.

In August 2023, AKVA Group, a Norway-based aquaculture technology company, acquired a 51% stake in Submerge AS for an undisclosed amount. This strategic acquisition strengthens AKVA Group's global capabilities in alternative protein and enhances its digital offerings in the aquaculture sector. Submerge AS, a Norway-based tech firm, specializes in developing camera systems and software for fish welfare, lice counting, and biomass measurement.

Major companies operating in the smart pet camera market report are Robert Bosch Tool Corporation, TP-Link Technologies Co. Ltd., Arlo Technologies Inc., Nedis B.V., PAPAGO Inc., Dogness International Corporation, CleverPet Inc., Petcube Inc., Petcube Inc., Wyze Labs Inc., Furbo Co. Ltd., YI Technology, Kona Labs Inc., PETKIT Innovation Labs Inc., Petnet GmbH, Anker Innovations Limited, Shenzhen Woot Technology Co. Ltd., Shenzhen Obexx Intelligent Technology Co. Ltd., Sure Petcare Limited, Shenzhen Petfon Technology Co. Ltd., Skymee Co. Ltd., Fujian Meike Network Technology Co. Ltd., Petzi Inc., PetChat Inc., TESLA Solar s.r.o.

North America was the largest region in the smart pet camera market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pet camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart pet camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A smart pet camera is a device that allows pet owners to remotely observe and interact with their pets using a camera, often equipped with additional features such as two-way audio, treat dispensing, and motion detection. These cameras can be controlled through a mobile app, providing pet owners the ability to monitor and engage with their pets from any location with internet access. Smart pet cameras offer a convenient way for owners to stay connected with their pets and provide care, even when they are not physically present.

The primary product types of smart pet cameras include one-way video functionality, two-way video, and audio functionality. One-way video functionality typically denotes a feature or capability in a system where only one party can transmit video, while the other party can only receive or view the video stream. These smart pet cameras are available at various price ranges, including low, medium, and premium. Distribution channels for these products include both offline and online platforms. Smart pet cameras with one-way video functionality are used for various purposes, including communication, monitoring, treat-dispensing, remote training, video and photo capture, and real-time bark alerts.

The smart pet camera market research report is one of a series of new reports that provides smart pet camera market statistics, including smart pet camera industry global market size, regional shares, competitors with smart pet camera market share, detailed smart pet camera market segments, market trends, and opportunities, and any further data you may need to thrive in the smart pet camera industry. This smart pet camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smart pet camera market consists of sale of mounting brackets, extra batteries, or custom-designed covers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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