According to latest research by Fact.MR, pet GPS tracker market is set to witness moderate growth during 2021-2031. Demand for pet GPS tracker witness steady recovery in short-term, with optimistic growth outlook in the long-run. Introduction of compact chip and advancement in global telecommunication network to drive demand for pet GPS tracking device during forecast period.
What is Driving Demand for Pet GPS Trackers?
Technological advancement and ability to track pet location across the globe is facilitating demand for pet GPS tracker. Lightweight, compactness, waterproof and dustproof are some of the features of device which are taken into consideration while making purchasing decision.
GPS trackers utilizes cellular network to locate object/being it is placed on across the globe. One of the key factor for making purchasing decision for pet GPS tracker is seen as availability of Cellular Service Providers (CSP’s) in the location along with compatibility of device
Will GPS Tracker Deteriorate Demand for Pet Bluetooth Tracker?
GPS tracker with numerous advantages such as global coverage, high precision, unlimited range and independent localization is gaining traction in pet electronic security market globally. However, low GPS interference and signal dependent mobile signal has restricted demand for pet GPS trackers among individuals who keep close eye on their pets especially when pets are indoor.
With lower cost and low susceptibility to noise within 10 meters or less range, pet Bluetooth tracker in increasingly becoming common. The main distinction is that, with a GPS tracker, you can generally find your canine, while with a Bluetooth tracker this isn’t the situation.
With monthly, quarterly, half-yearly and annual subscription plans pet GPS tracker along its software is seen as best device for pet owners to tract movement of their pets and generate weekly and monthly reports.
Who are the Key Manufacturers and Suppliers of Pet GPS Tracker?
Some of the leading manufacturers of device include
- Whistle GO
- Shenzhen Motto Electronics Co. Ltd.
- Jupin Group Co. Ltd.
- Dongguan ShuangXin Industry Co.,Ltd
- Weenect, Inc.
- Pitpatpet Ltd.
Integration of these GPS trackers on pet’s tracker has paved numerous market opportunities across the globe. Regional and small players pet GPS tracker market are collaborating with pet accessories manufacturers to boost their sales and establish strong hold over prominent region such as North America and Europe.
Furthermore, key manufacturers of pet accessories are partnering with tech firms to provide their client with enhanced and secured product and its associated services. Services includes generation of session report, application support & maintenance and device interface update.