Pet Monitoring Camera Market Size, Share, Opportunities, And Trends By Video Functionality (One-way Functionality (audio Or Video), Two-way Functionality (audio Or Video)), By End-User (Pet Owners, Veterinary Care), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2024 To 2029

The pet monitoring camera market is expected to grow at a CAGR of 7.95%, reaching a market size of US$160.914 million in 2029 from US$94.218 million in 2022.

A Pet monitoring camera is an essential tool for pet supervision. Pet monitoring cameras are largely used for motion capture, treating, monitoring, and talking with pets. Pet monitoring cameras are being installed in houses more frequently these days so that pet owners can easily follow and converse with their pets. In the market for pet monitoring cameras, it is anticipated that the online distribution channel will expand significantly throughout the projection period. Customers have been urged to buy pet monitoring cameras from e-commerce websites because of the benefits of flexibility, convenience, versatility, accessibility, easy price comparison, low cost, and less time spent buying things. Online shopping has become quite popular as a result of rising internet usage, rising disposable incomes, and the quick adoption of smartphones.

Rising awareness of pet supplies

The growing awareness of pet supplies and product tracking is driving rapid growth in the pet monitoring camera market. Due to their capacity to give pet owners remote control over their animals, trackers and cameras, among other surveillance accessories, are becoming increasingly popular. The market is growing as a result of these improved features. The demand for other exotic or speciality pets, such as ferrets, hamsters, rabbits, turtles, poultry, snakes, and livestock, is growing, and this trend is driving up spending on pet supplies and monitoring equipment. Furthermore, as more and more millennials adopt dogs and cats from shelters as well as other rescued or abandoned animals, the market for pet cameras is expanding.

Increasing pet ownership

The market is being propelled forward by the growing number of pet owners who want to keep an eye on their animals when they are at work or engaged in other activities, as most pet owners have hectic daily schedules. The American Pet Products Association (APPA) conducted the 2021–2022 National Pet Owners Survey, which found that 70 per cent of American households, or approximately 90.5 million families, own a pet. This represents an increase from 56% of American households in 1988—the year the survey was first carried out—and 67% in 2019.

Rising use of two-way audio/video

The increasing demand for multifunctional monitoring equipment has led to significant growth in the market for products with two-way audio/video functionality. By feeding their pets at the appropriate times, playing with them, and offering entertainment, these devices facilitate visual communication between pet owners and their animals. For example, the cylindrical Furbo Dog Camera, which is slightly larger than an Amazon Echo and has a two-way speaker and a launcher that can throw small rewards a long way. Additionally, PetChatz, one of several competing products, has a two-way camera that allows dogs and dog parents to see each other. It provides sweets along with aromatherapy.

Technological advancements

Another significant aspect contributing to the rise in use is the advancement in technology for pet surveillance cameras. Many vendors have developed pet monitoring cameras that can not only keep an eye on the animals but also feed and amuse them as needed. Functionality-based technological developments have fueled the market need even further. For instance, interactive pet camera maker Petcube introduced the Petcube Bites 2 smart pet camera with a treat dispenser and Alexa functionality for pet parents who work. Users may go hands-free, access over 50,000 Alexa skills, and instruct Alexa to schedule auto-play and treat schedules for their pets by using the camera. Industry leaders are being encouraged to increase their market share with the creation of advanced monitoring devices for pets by the rising consumer adoption of advanced technologies to assure the safety & wellness of pets. For instance, the development of a robot with a pet monitoring camera like Amazon’s Astro robot that allows pets to engage and play with their owner remotely also plays a significant role in the market's growth.

North America is witnessing exponential growth during the forecast period

The pet wearable market is anticipated to grow significantly in North America due to the region's high disposable income, expanding pet ownership rates, and rising per capita costs associated with veterinary care. Other important factors propelling the market's growth in North America include a high percentage of tech-savvy owners, a rise in product innovation and sophisticated technology, and an increase in pet owners' awareness of pet health. Furthermore, it is projected that a high concentration of significant players in the area and a rise in product launches will propel market expansion.

Market key launches

• In June 2023, the SpotCam Mibo cloud AI pet camera was launched by the Taiwanese provider of cloud video monitoring solutions. In addition to motion and audio detection, the new device has tracking and pet detection features that are specifically made for pet care. These features enable the camera to pan and tilt automatically when it detects the presence of cats or dogs in the scene. Moreover, SpotCam provides an optional feature for pet sound detection. As soon as a dog barks or a cat meows, the camera will detect it and send out instant alerts.
• In June 2022, Furbo, a multi-purpose pup cam introduced by Seattle-based Tomofun, allows users to launch treats and communicate with their dogs over the internet while maintaining watch over them all day. The new Furbo has been improved with a wide-angle lens, colour night vision, and auto dog tracking to automatically follow your dog as they walk around the living room. It also rotates 360 degrees on its base to catch all the action.

Pet Monitoring Camera Market Scope:

Segmentation:

• By Video Functionality
  • One-way functionality (audio or video)
  • Two-way functionality (audio or video)
• By End-User
  • Pet Owners
  • Veterinary Care
• By Distribution Channel
  • Online
  • Offline
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Isreal
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others