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Smart-Connected Pet Collars Market to Grow by USD 798.8 Million (2024-2028) Driven by Strong Owner-Pet Bonds, How AI is Transforming the Market – Technavio

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NEW YORK, Sept. 3, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global smart-connected pet collars market size is estimated to grow by USD 798.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.3% during the forecast period. Strong bond between owners and pets is driving market growth, with a trend towards product launches in global smart-connected pet collars market. However, presence of network connectivity issues poses a challenge. Key market players include Barking Labs Corp., Dogtra Co., Eureka Technology Partners LLC, Findster Technologies SA, FitBark Inc., Garmin Ltd., Gibi Technologies Inc., Loc8tor Ltd., Mars Inc., Pawscout Inc., PetPace, Pitpatpet Ltd., Radio Systems Corp., RAWR Inc., SCOLLAR Inc., SGI Venture Ltd., Smart Tracking Technologies LLC, Tractive GmbH, UbiSight Technology LLC, and Wagz Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Distribution Channel (Offline and Online), Application (Dogs and Cats), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Barking Labs Corp., Dogtra Co., Eureka Technology Partners LLC, Findster Technologies SA, FitBark Inc., Garmin Ltd., Gibi Technologies Inc., Loc8tor Ltd., Mars Inc., Pawscout Inc., PetPace, Pitpatpet Ltd., Radio Systems Corp., RAWR Inc., SCOLLAR Inc., SGI Venture Ltd., Smart Tracking Technologies LLC, Tractive GmbH, UbiSight Technology LLC, and Wagz Inc.

Key Market Trends Fueling Growth

The smart-connected pet collars market is witnessing significant growth due to the increasing number of pet owners seeking advanced solutions for their furry friends. Vendors are capitalizing on this trend by introducing new and innovative products. In July 2021, Whistle launched the Whistle Switch Smart collar, offering pet owners real-time health and fitness monitoring in addition to location tracking. Halo Collar followed suit in July 2022 with a GPS-enabled dog collar that enables setting up a wireless fence via a smartphone app and tracking a dog’s whereabouts and exercise habits. These product launches expand consumer options and are anticipated to fuel the expansion of the global smart-connected pet collars market. 

The Smart-Connected Pet Collars market is experiencing significant growth due to increasing expendable income and consumer consciousness towards pet care. These collars, equipped with sensors for tracking animal illnesses, are transforming into multi-purpose tools. New technology includes GPS trackers, temperature sensors, and buzzers for safe zones. Companies like Tractive and FitBark lead the market with their innovative devices. Customization and emotional attachment to pets are driving demand for these collars. Health features, such as training activity tracking and LED displays, provide valuable information and alerts to pet owners. Traditional collars are being replaced by these smart devices, utilizing Wi-Fi, Bluetooth, and smartphone connectivity. The market is expected to continue developing, offering pet owners peace of mind and improved pet care. 

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Market Challenges

Smart-connected pet collars have gained popularity due to their advanced features, enabling pet owners to monitor their pets’ location and health in real-time. These collars primarily use 3G/4G connectivity for location tracking. However, some vendors offer Wi-Fi modems for location tracing without a network. While convenient, Wi-Fi routers have limitations, such as decreased bandwidth and limited availability for one user. SCOLLAR, a leading manufacturer, offers a Wi-Fi base station that turns off the GPS signal when the pet is within range, increasing battery life. Despite these advantages, challenges persist. Smart-connected pet collars require high-speed networks for effective location sharing, and network connectivity issues can cause device malfunctions. Additionally, poor signals can lead to heating issues, potentially impacting market growth during the forecast period.The Smart-Connected Pet Collar market is growing rapidly as more pet owners seek advanced solutions for monitoring their pets’ location, health, and training activities. Devices like PetPace, Scollar, Wagz, Whistle Labs, FitBark, and Radio Systems use Bluetooth, Wi-Fi, and GPS technology to provide real-time information and alerts via smartphones. Traditional collars are becoming obsolete as these multi-purpose tools offer health features, pet control, and pet monitoring. Challenges for this market include the need for strong Wi-Fi and Bluetooth connections, ensuring compatibility with various smartphone models, and integrating various sensors and technologies into a compact device. Working individuals with hectic lifestyles and long working hours are the primary target audience, as they often struggle to provide adequate care for their dogs and cats. Organic growth strategies, such as patents and events, and inorganic growth strategies, such as partnerships and acquisitions, are being employed by key players to expand their market share. The pet wearable industry is expected to grow significantly due to the increasing spending power of pet owners and the importance of animal welfare. Smart-connected collars are transforming the way employed people manage their pets, offering peace of mind and convenience.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This smart-connected pet collars market report extensively covers market segmentation by

Distribution Channel1.1 Offline1.2 OnlineApplication 2.1 Dogs2.2 CatsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- The Smart-Connected Pet Collars market is experiencing significant growth due to increasing consumer demand for advanced pet care solutions. These collars offer features such as real-time location tracking, health monitoring, and two-way communication. Major players in the industry are investing in research and development to introduce innovative products and expand their customer base. The market is expected to continue growing due to the rising trend of pet ownership and the convenience these collars provide to pet owners.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Smart-Connected Pet Collars market is a rapidly growing segment in the pet wearable industry, leveraging technology to enhance pet care and ownership experience. These collars integrate devices such as Wi-Fi, Bluetooth, and GPS to provide real-time location tracking, training activity monitoring, and multi-purpose functionalities. Traditional collars have been upgraded to smart-connected versions, offering pet control, animal welfare, and organization benefits for pet owners. Employed pet owners with expendable income and a concern for their pet’s safety and wellbeing are driving the market’s organic growth. Events like pet shows and exhibitions serve as key platforms for showcasing these innovative collars. Patents and organizational collaborations are crucial in ensuring product uniqueness and market differentiation. Animal welfare organizations and veterinary clinics are increasingly employing smart-connected collars to monitor and manage animal illnesses using sensors. The pet control features ensure pets stay safe, while the training activity monitoring helps in maintaining their health and fitness. Overall, the market’s potential is vast, with the growing spending power of pet owners and the increasing popularity of pet wearables.

Market Research Overview

Smart-connected pet collars are innovative devices designed to enhance pet care and monitoring for pet owners with busy lifestyles. These collars use Wi-Fi and Bluetooth technology to connect with a smartphone app, allowing pet owners to track their pet’s location in real-time, monitor training activities, and receive alerts for important information. These multi-purpose tools go beyond traditional collars, offering health features such as temperature monitoring and buzzer alerts for safe zones. The pet wearable industry is experiencing organic growth strategies through study and development, with new technology and consumer consciousness driving demand. Smart-connected collars are becoming essential tools for working individuals with hectic lifestyles and hectic workplaces, providing peace of mind and ensuring the well-being of their pets. Dogs and cats are the primary beneficiaries of these smart devices, with companies like PetPace, Scollar, Wagz, Whistle Labs, FitBark, Radio Systems, and others leading the way. These collars offer pet health monitoring, animal welfare, and pet control features, making them indispensable for pet owners. The pet monitoring market is expected to grow significantly, with employed people spending more on their pets due to their emotional attachment and expendable income. Smart-connected collars are a promising area of growth, with companies investing in patents, events, and inorganic growth strategies to expand their reach and offer new features. These collars are customizable, allowing pet owners to personalize them to their pet’s unique needs and preferences. With GPS technology, pet owners can keep track of their pet’s location, ensuring their safety and security. Additionally, sensors can monitor pet actions, providing valuable insights into their health and well-being. Overall, smart-connected pet collars offer a range of benefits for pet owners and their pets, making them an essential tool for managing pet care in today’s hectic world.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineApplicationDogsCatsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Finloop Launches “RWA CONNECT 2026” to Build a Global Open-Source RWA Ecosystem

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HONG KONG, April 23, 2026 /PRNewswire/ — At the “Connecting the World: Hong Kong RWA Infrastructure Ecosystem Seminar and RWA CONNECT 2026 Launch” held in Hong Kong, Finloop Finance Technology Holding Limited (“Finloop”) announced the official launch of a global open ecosystem community “RWA CONNECT 2026”. At the event, industry leaders from around the world engaged in in-depth discussions with topics such as Hong Kong stablecoins, RWA (real-world assets), and compliant innovation. Finloop took the lead in announcing its open-source ecosystem initiative, and presented a major commitment to a RWA technology service platform, marking that new issuance through RWA tokenization has officially entered the “Thousand-US Dollar Era”.

RWA CONNECT Core Philosophy: Open Source, Co-Creation, and Think-Tank Orientation

The event was jointly organized by Finloop, Fosun Wealth Holdings, FinChain, and ME Group. It brought together numerous elites from government, academia, finance, Web3, and media sectors. During the event, Mr. Cai Hua, CEO of Finloop, announced that “RWA CONNECT 2026” has officially kicked off. From the day onward, for any new issuance project adopting FinRWA Platform (FRP) 3.0 as a one-stop RWA system foundation, the technology system cost can be reduced to as low as US$3,000. This means that tokenization services, which were once expensive and difficult to access, have now transformed into transparent and professional offerings.

Mr. Cai Hua pointed out that Finloop is actively leveraging Hong Kong’s unique position as a “super connector” to launch RWA CONNECT. The initiative aims to address the “pain points” of information asymmetry across the entire RWA lifecycle — issuance, listing, and distribution — while building a “triple bridge” connecting Hong Kong and global markets, capital and real-world assets, as well as Web2 and Web3. He also unveiled Finloop’s three major ecological openness commitments:

Disclosure of compliant issuance processes and frameworks to promote industry-wide standardization and transparency;Transparency of technology platform costs, making them verifiable and predictable;Unified promotion of onboarded project assets to the global exchanges and compliant financial institutions connected by Finloop, while open-sourcing core solutions to ecosystem partners.

“Hong Kong’s RWA shall go global, connect globally, and integrate into the international system to achieve true long-term value,” Mr. Cai Hua emphasized. “The core philosophy of RWA CONNECT is open source, co-creation, and think-tank orientation. By opening our solutions, service processes, and standard mechanisms, we aim to build this community into a shared industry think tank. At the same time, we will fully respect and protect the proprietary technologies and business confidentiality of all partner institutions. In the future, RWA CONNECT will continue to invite high-quality, compliant RWA infrastructure providers, project parties, and institutions from around the world to become ecosystem partners, and jointly help Hong Kong’s Web3.0 industry reach global heights.”

FRP 3.0: The Hardcore Technology Powering the “Thousand-US Dollar Era”

The core technology enabling this cost breakthrough is the FinRWA Platform (FRP) 3.0, developed by Finloop. With compliance at its core, collaboration as its engine, and transparency as its safeguard, the platform provides a complete end-to-end closed loop for RWA products — from issuance and token minting & burning, to listing and on-chain circulation. It supports multi-party collaboration across the full tokenization lifecycle, including issuers, custodians, and token agents. Compared to the previous version 2.0, FRP 3.0 introduces new FinGo features for the C-end (retail customers) by empowering traditional securities firms and enabling their customers subscribe to RWA products with a single click. It also enhances FinMix mid-office capabilities, enabling centralized order scheduling and real-time status synchronization, delivering seamless interoperability from fiat currency to RWA products and from off-chain to on-chain.

Top Global Lineup Gathers to Build the Foundation of the RWA Ecosystem

This event gathered top forces from policy, academia, legal, and industry sectors. Mr. Bryan Peng, Executive Director of the Office for Attracting Strategic Enterprises (OASES) of the Hong Kong SAR Government, Professor Lin Chen, Vice-President of The University of Hong Kong, and Mr. David Wang, Partner at Jun He Law Offices, were invited to attend and deliver keynote speeches from the perspectives of Hong Kong fintech policy & competitive advantages, academic insights, and compliance frameworks, laying a solid foundation for the development of the RWA ecosystem.

In the announcement segment, OmniRealm, in collaboration with Frost & Sullivan, officially launched Hong Kong’s first RWA rating platform, marking a key step forward in industry standardization. Three cross-sector roundtables were also held on the themes of “Dual-Currency Drive • Digital-Real Integration: Outlook on Hong Kong’s Digital Hong Kong Dollar and Stablecoin Ecosystem”, “Regulatory and Risk Control Synergy: Building a Trustworthy RWA Foundation”, and “Harnessing Collective RWA Ecosystem Strength: Establishing Hong Kong as a New Global Digital Asset Hub”. Distinguished participants included representatives from leading domestic and international institutions such as China Asset Management (Hong Kong), HashKey, Anchorpoint, OASES, Greaterbay Financier Association, SlowMist, Conflux, Beosin, Hivemind Capital, Vobile Group, Ava Labs, KuCoin, and exSat. They engaged in in-depth discussions on cutting-edge topics, demonstrating the growing global influence and collaborative momentum within the RWA sector.

RWA CONNECT 2026 officially invites all participants to co-create the future of RWA in Hong Kong!

https://www.finlooprwa.com/rwa-connect

About Finloop Finance Technology Holding Limited

Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as “Finloop”), is an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform located in Hong Kong. Finloop offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, public funds and private funds, structured products, bonds, insurance, and virtual assets. As a fintech leader in Asia during the Web3 wave, Finloop has focused on bridging physical and digital assets, developing a one-stop RWA technology, issuance and distribution platform to pioneer new growth pathways in the wealth management industry. For more information, visit www.finloop.hk and www.finlooprwa.com .

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SOURCE Finloop Finance Technology Holding Limited

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Sinch publishes its 2025 Annual Report

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STOCKHOLM, April 23, 2026 /PRNewswire/ — Sinch AB (publ) today published its Annual Report including Sustainability Report for 2025, outlining a year characterized by stable development, improved profitability and continued progress against its strategic priorities.

During 2025, Sinch made progress across several strategic focus areas, including enterprise expansion, self-serve offerings, RCS and email, and partner ecosystems. The company also continued to invest in AI-enabled capabilities to improve efficiency, security and customer experience.

Comment from Laurinda Pang, CEO of Sinch 

“2025 was a year of profound strength for Sinch, marked by record-high profitability and continued organic gross profit growth across all regions and product categories. Amidst a dynamic macroeconomic environment, these achievements, coupled with decisive strategic advancements, firmly establish our trajectory for the next phase of sustainable growth.”

“The way businesses communicate with their customers is undergoing a profound transformation, moving from static notifications to dynamic, AI-powered conversational engagement. This shift allows intelligent systems to understand intent, respond in real-time and automate complex interactions across messaging, voice and email. However, this evolution introduces new complexities: AI needs secure, compliant and reliable communication pathways that navigate fraud risks and global regulations.”

“Sinch has a strong foundation built over years of innovation and deep commitment to providing our customers with best-in-class communication solutions. Our focus remains on accelerating organic growth while maintaining profitability and strong cash conversion, in line with our mission to connect every business with every customer, everywhere in the world.”

Sinch remains committed to sustainability as a key driver of long-term value, focusing on being a trusted partner, reducing the climate footprint of our services and fostering an inclusive and engaging workplace. In 2025, Sinch reduced its Scope 1 and 2 emissions by 16 percent compared to the previous year, marking important progress toward its Science Based Targets (SBTi).

The full Annual Report is available at https://investors.sinch.com/

For more information, please contact:

Mia Nordlander
Head of Investor Relations & Sustainability
Mobile: +46 73 511 53 95
E-mail: mia.nordlander@sinch.com

Fredrik Hallstan
Head of Corporate Communications
Mobile: +46 761 15 38 30
E-mail: fredrik.hallstan@sinch.com

This information is information that Sinch AB (publ) is obliged to make public pursuant to the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on April 23, 2026.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sinch-ab/r/sinch-publishes-its-2025-annual-report,c4338347

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SOURCE Sinch AB

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Fisher & Paykel Unveils Nature–Ritual at EuroCucina 2026, Elevating Everyday Routines into Timeless Rituals

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MILAN, April 23, 2026 /PRNewswire/ — Fisher & Paykel, the luxury appliance brand from Aotearoa New Zealand and part of Haier Group global portfolio, has unveiled Nature—Ritual at EuroCucina in Milan.

The 450m² immersive installation introduces the brand’s State of the Art Collection within a sculptural environment inspired by elemental landscapes of New Zealand. At its heart is a simple idea: thoughtful design can elevate routines into meaningful rituals.

Throughout Nature—Ritual, appliances are presented not as standalone objects, but as part of an architecture of living – expressing Fisher & Paykel’s approach to life-centred luxury, where design expression, product intelligence and performance come together to elevate life in the home.

Nature—Ritual also introduces the evolution of Fisher & Paykel’s Minimal Style – a refined expression of minimalism in black or grey glass, defined by flush surfaces, very slight perimeter gaps around appliances, and carefully resolved details. Presented across cooking, fabric care and the wider architectural language of the installation, it reflects the brand’s commitment to supporting architects and designers seeking to create the most resolved and carefully considered spaces.

Daniel Witten-Hannah, Chief Executive Officer of Fisher & Paykel, says the exhibition reflects the company’s point of origin, point of view and ambition on Milan’s global stage.

“Nature—Ritual expresses our belief that the best design is connected to place, shaped by human need and resolved with clarity. “

“Through seamless integration, product intelligence and beautifully resolved materials, it reflects our belief that products engineered for life reduce friction, engage the senses and elevate everyday routines into rituals in the home. “

Creative direction for Nature—Ritual and all sculptural elements was led by Dean Poole of Alt Group, with exhibition design by Calvi Brambilla and Partners in Milan.

Conceived as an oasis of calm within the intensity of EuroCucina, the installation brings together monolithic forms, seamlessly integrated appliances and a layered sensory environment wrapped in a forest-like cloak.

Poole describes Nature—Ritual as an expression of Fisher & Paykel’s worldview.

“It distils the qualities of untouched forest and a deep understanding of life in the home into a warm, tactile minimalism, expressed through just two materials.”

“It is not simply an exhibition of appliances, it’s an exploration of life-centred design that shows how nature, elemental materials and human behaviour come together to give greater meaning to the way we live,” Poole says.

From the exterior, Nature—Ritual presents as a subtly textured monolithic form. Through carefully framed apertures, visitors catch first glimpses of a forest-wrapped interior.

Inside, four scenarios unfold, each crafted from tōtara – a timber indigenous to New Zealand – and volcanic basalt. Bespoke ceramic elements by artist Aaron Scythe, alongside birdsong, scent, light and a high-resolution back-lit forest curtain, create a deeply immersive environment.

Throughout, appliances from Fisher & Paykel’s State of the Art Collection are integrated into four scenarios and five product sculptures as sculptural, high-performance tools for living.

Four scenarios:

Tea Experience

At the threshold, visitors are welcomed with tea — a universal gesture of hospitality. Kawakawa tea, associated with wellbeing, is gently steeped on a monumental slab of induction-heated stone and served in handmade ceramic vessels beside a product sculpture rising four metres to the ceiling.

Product highlight: Fisher & Paykel’s Red Dot Award ‘Best of the Best’ Series 11 60cm Minimal Style ovens presented within carved tōtara surrounds.

The Kitchen as Monolith

Presents the kitchen as a singular architectural presence, with carved tōtara surfaces and basalt forms framing seamlessly integrated food care and wine care solutions. A modular induction cooktop fits flush with the basalt surface, and DishDrawer™ Dishwashers with 20mm stone fronts present the kitchen as a unified design composition rather than a collection of parts.

Product highlight: The Milan debut of Fisher & Paykel’s Series 11 30″ Minimal Style oven with steam assist.

Wine Experience

Shaped by curved and carved tōtara forms, the Wine Experience illustrates the potential of architectural cellaring and tasting within the home. Seamlessly integrated Column Wine Cabinets with precise temperature control and tasting modes heighten the experience of preservation and service.

Product highlight: 61cm Series 11 Integrated Column Wine Cabinet, the building block of the architectural wine cellar.

Fabric Care Experience

The Milan debut of Fisher & Paykel’s new minimalist fabric care ecosystem represents a step change in garment care. Designed as an extension of the luxury wardrobe, fibre-specific treatments, steam care and intelligent sensing technologies preserve the condition of cherished garments. A garment commission by fashion designer Claudia Li completes the installation.

Product highlight: The fashion wardrobe’s ultimate accessory, the Series 11 Minimal Style Fabric Care Cabinet is designed with flush glass surfaces and refined surfaces, seamlessly integrating into the home while bringing an elevated architectural aesthetic to fabric care spaces.

Throughout Nature—Ritual, the State of the Art Collection showcases Fisher & Paykel’s approach to seamless integration, modular planning and Mastery of Temperature.

Each appliance is built on advanced product platforms that combine sensing technology with deep insights from food and fibre science to precisely control the mechanical systems that shape performance and results.

As the premium brand within Haier Group’s global home appliances portfolio, Fisher & Paykel’s strong presence reflects the group’s broader commitment to premium lifestyle and human-centered living experiences. This vision is further extended through Haier’s own presence at Milan Design Week, where a six-zone immersive experience blends design, adaptive technology, and smart ecosystems, placing visitors at the center of connected living.

Within this exhibition space, a dedicated Partner Area invites visitors into an immersive, multi-sensory environment. Through interactive activation inspired by Haier’s collaborations with top-tier football clubs – Liverpool Football Club and Paris Saint-Germain – the space brings to life a shared pursuit of excellence, performance, and innovation, while conveying a premium, champion-inspired lifestyle experience.

Since establishing its presence in Europe in the 1990s, Haier has continuously elevated its premium lifestyle offerings and now serves more than 45 markets across the region. Committed to pioneering superior living experiences through cutting-edge design and intelligent ecosystems, Haier remains dedicated to shaping the future of high-end connected living for consumers worldwide.

For more information:
Visit the official websites: Haier | Fisher & Paykel

Discover Fisher & Paykel’s latest collection at the Nature—Ritual exhibition:
EuroCucina, Hall 4P, Stand D34 at Salone del Mobile.Milano.

Experience Haier’s innovative solutions at:
Spazio Bergognone 26, SUPERSTUDIO MAXI and EuroCucina, Arrex Stand (“Technology by Haier”).

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