The Europe Pet Smart Tracker Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
There are various GPS trackers for pets, all of which operate in their own unique ways. The most common are; cellular, radio, mixed, and Bluetooth tracker. A cellular tracker contains a sim inside them and is dependable on the cellular towers to transfer data related to the pet’s location to the owner, with a built-in GPS chip, which determines the pet’s location by measuring the distance between the nearest GPS and the chip on the tracker to send the coordinates on the pet owner’s smartphone, which then reads the coordinates and show the location to the user.
Radio trackers are the heavier and the older form of the GPS tracker, which uses a radio transmitter to keep an update on the pet’s movement. They don’t use apps; instead, they depend on a portable transmitter to get the animal coordinates. There are two ways in which the transmitter sends the information when it receives the request for the location from the transceiver.
One way is when the transceiver gets coordinates regarding the area, which are then converted into map locations. This method is used by units that have GPS technology in them. But the systems without GPS chips will convey the information regarding location in terms of distance and directions. These systems are ideal for places with bad cellular connections.
Around 72% of people considered themselves to be pet parents as per the reports of the Mars Petcare State of the Pet Nation report 2020. A surge in the inquiries related to pet adoption by people was also reported by various rescue centers and breeders, especially in the first few months of COVID-19. With the changing demography of the British pet population, owners are getting more demanding. The region consists of many developed nations like Frances, the UK, etc., with high incomes and better reach to finer qualities of products.
The Germany market dominated the Europe Pet Smart Tracker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $105.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.9% during (2022 - 2028).
Based on Pet Type, the market is segmented into Dogs and Cats. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Technology, the market is segmented into GPS, RFID and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Pet Smart Tracker Market will Hit $1.7 Billion by 2028, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Jio, Inc. (Life360, Inc.), Whistle Labs, Inc. (Mars Petcare) (Mars Incorporated), Dynotag, Inc., Felcana (Pet Technology Limited), High Tech Pet Products, Inc., NUM’AXES, Loc8tor Ltd., Avid Identification Systems, Inc., and Datamars SA.By Pet Type
By Distribution Channel
By Technology
By Country
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