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Pet Monitoring Camera Market - By Product (Interactive Cameras, Standalone Cameras), By Distribution Channel (Online, Offline), By Technology (Wired, Wireless), By End User & Forecast 2024 - 2032


Published on: 2024-07-28 | No of Pages : 240 | Industry : Animal Health and Nutrition

Publisher : MIR | Format : PDF&Excel

Pet Monitoring Camera Market - By Product (Interactive Cameras, Standalone Cameras), By Distribution Channel (Online, Offline), By Technology (Wired, Wireless), By End User & Forecast 2024 - 2032

Pet Monitoring Camera Market Size

Pet Monitoring Camera Market was valued at USD 59.9 million in 2023 and is estimated to register a CAGR of 5% between 2024 and 2032. An increase in the number of pet owners, especially among millennials and Gen Z, is driving the demand for pet monitoring cameras. In addition, a large demographic with disposable income is increasingly adopting pets, especially rescued animals. This creates a bigger pool of potential customers for pet cameras.

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Further, people are spending more on their pets than ever before. This includes food and toys along with pet care and well-being products such as pet cameras. These devices can be used to monitor a pet's activity, deterring destructive behavior or alerting owners to potential dangers similar to a break-in. Some pet cameras offer features such as two-way talk, allowing owners to interact with their pets remotely. This can be helpful for training, calming anxious pets, or even administering medication with guidance from a vet.

In March 2023, American Pet Products Association highlighted that U.S. spending on pets reached US$136.8 billion in 2022, reflecting growing investment in pet care and technology. This has bolstered the market for pet-related technology such as monitoring cameras. The growth in pet ownership and spending on pet well-being creates a strong market for pet camera monitoring systems.
 

Pet Monitoring Camera Market Report Attributes
Report Attribute Details
Base Year 2023
Pet Monitoring Camera Market Size in 2023 USD 59.9 Million
Forecast Period 2024-2032
Forecast Period 2024-2032 CAGR 5%
032 Value Projection USD 92.8 Million
Historical Data for 2021-2023
No. of Pages 240
Tables, Charts & Figures 360
Segments covered Product, Distribution Channel, Technology, End User
Growth Drivers
  • Increasing numbers of pet owners and spending on pets
  • Technological advancements in cameras with various features
  • Increased focus on pet safety and well-being
  • Increasing adoption of smart home technology
Pitfalls & Challenges
  • Data privacy and security concerns
  • Technological challenges and user experience

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This technology allows owners to observe their pets' behavior and activity levels remotely. This can be crucial in detecting potential health issues early on. Unusual lethargy, changes in appetite, or difficulty in movements s can all be signs of illness and prompt a doctor’s visit. By keeping an eye on your pet through a camera, owner can also identify and address potential hazards in their home before any harm caused by them. These devices further allow owners to soothe anxious pets with their voice or even dispense treats remotely through some models, promoting a sense of calm and reducing destructive behavior.

Moreover, visible pet cameras can act as a deterrent to potential pet thieves. This technology integrated with motion detection features possess capabilities to alert owners in case of any an unexpected activity in their homes. It can be further helpful in deterring break-ins or providing evidence in case of any such event.

Pet monitoring cameras often connect to the internet, making them susceptible to hacking and unauthorized access. Breaches can lead to loss of trust among consumers and potential legal implications for companies. In addition, complex setups, connectivity issues, and user interface problems can hinder user experience. Poor user experiences can lead to high return rates and negative reviews, affecting brand reputation. Further, wireless pet cameras often face challenges with battery life, requiring frequent recharges. Short battery life can inconvenience users and diminish the product's effectiveness. In areas with poor internet connectivity, pet monitoring cameras may not function effectively. Rapid technological advancements can render existing models outdated quickly. All these factors represent significant challenges in hindering market growth.

Pet Monitoring Camera Market Trends

Modern pet monitoring cameras offer advanced features such as HD video, two-way audio, treat dispensers, and night vision. These enhancements make them more appealing to pet owners. AI-driven features, including behavior tracking and anomaly detection, are increasingly integrated into pet cameras, enhancing their functionality and appeal. These cameras offer a motorized function that allows them to rotate and tilt, providing a panoramic view of the room. This eliminates the need for multiple cameras and gives pet owners a complete picture of their pet's environment.

Most of the devices offer dedicated mobile apps that allow you to view live streams, receive alerts, control camera functions, and interact with pets remotely, from the convenience of a smartphone or tablet. In addition, cloud storage options allow pet owners to record and store video footage, so they can review past events or capture funny pet moments. In April 2024, Petcube launched a new 4K pet camera with enhanced AI features, setting a new standard in the market and highlighting the trend towards more advanced technology in pet monitoring. 4K camera offers superior image quality compared to traditional HD cameras. Advanced AI features such as object recognition and specific behavior detection can provide pet owners with more targeted information and functionality. This allows pet owners to see their furry friends in stunning detail, making it easier to monitor their behavior and well-being.

Further, pet monitoring cameras are often integrated with smart home systems such as Google Home or Amazon Alexa, making them a part of the broader smart home ecosystem. This allows for voice control and integration with other smart home devices, creating a more unified and user-friendly experience. Moreover, the rise of IoT devices contributes to the seamless integration of pet cameras into smart homes, allowing for better control and monitoring. Pet cameras can be integrated with other smart home security devices such as door and window sensors. This creates a more comprehensive security system. It allows pet owners to monitor their entire home remotely and receive alerts in case of any suspicious activity.

In August 2023, one of the leading pet camera manufacturers, Furbo announced a partnership with smart home security company SimpliSafe. This partnership allows Furbo pet cameras to integrate with SimpliSafe's existing security system. This integration enables features like receiving a single notification if both the Furbo camera detects motion and the SimpliSafe system detects a break-in attempt and triggering the Furbo camera to start recording if SimpliSafe detects a security breach.

Pet Monitoring Camera Market Analysis

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Based on product, the market is divided into interactive cameras and standalone cameras. In 2023, interactive cameras accounted for a market share of over 52%. The interactive camera segment includes features such as treat dispensers, laser pointers, and two-way audio. It is growing rapidly, due to increasing demand from tech-savvy pet owners who are required to be connected with their pets remotely. In addition, newer models integrate with smart home systems, allowing owners to control the camera and interact with their pets through voice commands and mobile apps. Further, advanced models incorporate AI to analyze pet behavior, track activities, and provide insights into pet health and well-being.

Moreover, there is a growing acceptance of smart home and IoT devices, leading to higher adoption rates of interactive pet cameras. With more people working from home or leading busy lives, there is a higher demand for devices that allow remote pet monitoring and interaction. In March 2024, Furbo introduced a new interactive camera model featuring enhanced treat dispensing and voice command integration. The company’s focus on improved treat dispensing helps pet owners to remotely interact with their furry companions and potentially even use treats for training purposes. The integration of voice commands allows for seamless interaction with the camera through virtual assistants such as Google Home or Amazon Alexa. This caters to the growing trend of pet owners seeking to stay connected with their pets even while away.

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Based on distribution channel, the pet monitoring camera market is categorized into online and offline. Online is expected to hold over USD 63.5 million by 2032. The online distribution channel offers numerous advantages such as wider reach, convenience, and often better pricing for consumers. The growth in online sales is fueled by increasing internet penetration, the convenience of home delivery, and the ability to compare products easily. Further, consumers increasingly prefer buying pet monitoring cameras online, due to the convenience, variety, and ability to read reviews.

In addition, recommendations from social media platforms and influencers play a significant role in driving online sales. Many brands offer their products through their websites, enhancing brand loyalty and customer engagement. Some companies offer subscription-based services for additional features such as cloud storage and advanced analytics. In March 2024, Chewy enhanced its online shopping experience for pet tech products, emphasizing user reviews and recommendations to drive sales. Detailed user reviews offer valuable insights into product performance, ease of use, and suitability for specific pets. The company leverages user reviews and purchase history data to generate personalized recommendations for pet tech products. This empowers pet owners to make informed decisions while purchasing tech products for their furry friends.

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In 2023, North America has a significant share in the market with over 55% of the market share. In countries, particularly the U.S., and Canada, pet monitoring camera market is driven by high pet ownership rates, advanced technological adoption, and a strong focus on pet care. Consumers in the region show a preference for premium pet care products, including high-end pet monitoring cameras. Further, increasing integration with smart home systems and IoT devices enhances user experience.

The American Pet Products Association released its annual report in January 2024, revealing a significant surge in pet tech spending within the U.S. The report indicated a 20% increase in pet technology spending for 2023, highlighting the booming pet tech industry. This aligns with the trend of pet owners seeking innovative ways such as pet monitoring cameras to stay connected with their furry companions and ensure their well-being, in case they are not physically available with their pets.

European consumers are increasingly concerned about pet welfare, leading to higher adoption of pet monitoring cameras. Integration with smart home devices is gaining traction, aligning with consumer preferences for connected ecosystems. Further, stricter regulations on data protection (e.g., GDPR) influence product development and marketing strategies. In April 2024, the European Commission issued new guidelines for the safe use of IoT devices, including pet monitoring cameras, focusing on consumer protection and data privacy. These regulations foster trust among consumers and create a more sustainable market for pet monitoring cameras eventually.

Pet Monitoring Camera Market Share

Furbo and Petcube Inc. dominate the market with over 20% market share. Furbo is known for its innovative features and user-friendly approach. They rose to prominence with their original pet camera that allows remote monitoring, two-way talk, and even treat dispensing for positive reinforcement training or simply spoiling your furry friend. The company has incorporated voice command functionality through popular virtual assistants such as Google Home and Amazon Alexa.

Petcube offers a range of cameras with varying functionalities and price points. They cater to a tech-savvy pet owner demographic with features like high-definition video, wide field of view for comprehensive room coverage, and night vision for keeping an eye on your pet during the dark hours. The company has incorporated AI-powered features like object recognition and pet-specific behavior detection in some of their camera models. They recently launched a new 4K pet camera with enhanced AI features.

Pet Monitoring Camera Market Companies

Major players operating in the pet monitoring camera industry are

  • Furbo (Tomofun)
  • Petcube Inc.
  • Skymee
  • Pawbo (Acer Inc.)
  • PetChatz
  • Zmodo
  • Wyze Labs, Inc.
  • Canary Connect, Inc.
  • Tooge
  • Blink (Amazon.com, Inc.)

Pet Monitoring Camera Industry News

  • In May 2024, leading pet care company Chewy announced a partnership with Arlo Technologies, a major player in the smart home security market. This partnership allows Chewy to offer Arlo's pet monitoring cameras on their online platform, expanding their selection of pet tech products.
  • In February 2024, Xiaomi launched a new affordable smart pet monitoring camera tailored for the Asia-Pacific market. The camera features advanced functionalities at a competitive price and is aimed at catering to the growing demand for pet tech products in the region.

The pet monitoring camera market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and shipments (Units) from 2021 to 2032, for the following segments

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Market, By Product

 

  • Interactive Cameras
  • Standalone Cameras

Market, By Distribution Channel

  • Online
  • Offline

Market, By Technology

  • Wired
  • Wireless

Market, By End User

  • Household
  • Commercial
  • Veterinary Clinics
  • Pet Boarding Facilities

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • UAE
    • South Africa
    • Saudi Arabia
    • Rest of MEA

 

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