Global Animal Radio Collar Market Size Likely to Grow at a CAGR of 9.1% By 2033

As per the current market research conducted by the CMI Team, the global Animal Radio Collar Market size is expected to record a CAGR of 9.1% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 3.8 billion. By 2032, the valuation is anticipated to reach USD 5.2 billion.

Animal Radio Collar Market: Growth Factors and Dynamics

• Advancements in Wildlife Research: The increasing need for understanding wildlife behaviour, migration, and habitat utilization is driving the adoption of animal radio collars, fostering growth in the market.

• Conservation Initiatives: Growing awareness of endangered species and conservation efforts worldwide is propelling the demand for animal radio collars, aiding in population monitoring and preservation.

• Technological Innovations: Continuous advancements in GPS and communication technologies have led to more accurate and efficient animal tracking, boosting the adoption of sophisticated radio collar solutions.

• Ecosystem Monitoring: Animal radio collars play a pivotal role in studying animal interactions with their ecosystems, contributing to broader ecological studies and leading to increased market demand.

• Expansion of Wildlife Management Programs: The expansion of wildlife management initiatives, both in protected areas and human-wildlife conflict zones, drives the need for radio collars to monitor animal movements and behaviours, stimulating market growth.

• Rising Livestock Monitoring: In the realm of animal husbandry, the use of radio collars to monitor livestock for health, movement, and management purposes is driving market growth in the domestic animal management sector.

• Government and NGO Initiatives: Support from governmental agencies and non-governmental organizations for research, conservation, and sustainable wildlife management contributes to the adoption of animal radio collars.

• Educational and Awareness Programs: The use of animal radio collars in educational programs and public awareness campaigns raises interest in wildlife protection and fosters market growth through increased demand for tracking technologies.

• Urban Wildlife Studies: As urban areas expand, the study of wildlife interactions within urban environments becomes crucial. Animal radio collars provide insights into how animals adapt to urban settings, driving demand for such studies and related technologies.

Animal Radio Collar Market: Partnership and Acquisitions

• Wildlife Telemetry Solutions Company Launches in South Africa: In 2021, Wildlife Telemetry Solutions Company launches in South Africa. Wildlife ACT, a leading conservation NGO in South Africa, has been monitoring and supporting threatened species management for over 12 years, shaping the technologies to best suit the species and the science of tracking.

• Boone and Crockett Club: In 2021, Boone and Crockett Club Welcomes Advanced Telemetry Systems, Inc. as a New Trailblazer in Conservation Partner. For over 40 years, ATS has designed and manufactured wildlife radio telemetry equipment used by wildlife managers and researchers throughout the world.

Report Scope

Animal Radio Collar Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Animal Radio Collar Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Field Research Disruption: The pandemic hindered field research activities due to travel restrictions and safety concerns, affecting the deployment and monitoring of animal radio collars for wildlife studies.

• Funding Challenges: Economic uncertainties led to funding cuts for conservation and research projects, limiting the resources available for purchasing and deploying animal radio collars.

• Digital Innovation: Remote data collection and communication technologies gained prominence, allowing researchers to monitor collared animals without physical presence, enabling continued data collection despite travel restrictions.

• Resumed Field Operations: As restrictions eased, field research resumed, leading to increased demand for animal radio collars to make up for delayed projects and to address the pent-up need for wildlife data.

• Increased Conservation Focus: The pandemic highlighted the importance of wildlife conservation, leading to renewed efforts and funding in the sector, driving the demand for animal radio collars for monitoring and research purposes.

• Collaborative Efforts: Collaboration between researchers, technology providers, and conservation organizations intensified, leading to innovative approaches to deploy and monitor animal radio collars efficiently, thereby aiding in the market’s recovery.

• Diversified Funding Sources: To overcome funding challenges, research initiatives and conservation projects explored diverse funding sources, including grants, partnerships, and crowdfunding, which facilitated the procurement of animal radio collars.

• Adaptation to Remote Work: Manufacturers and suppliers adapted to remote work and digital communication, ensuring a steady supply chain for animal radio collars, contributing to the market’s resilience and recovery.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Animal Radio Collar Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Animal Radio Collar Market:

• Telonics Inc. (USA)
• Lotek Wireless Inc. (Canada)
• Vectronics Aerospace GmbH (Germany)
• Advanced Telemetry Systems Inc. (USA)
• Sirtrack Ltd. (New Zealand)
• Wildlife Computers (USA)
• e-obs GmbH (Germany)
• Africa Wildlife Tracking (South Africa)
• Telemetry Solutions (USA)
• Earth Resources Technology Inc. (USA)
• Others

The Animal Radio Collar Market is segmented as follows:

By Product Type

• VHF (Very High Frequency) Collars
• GPS (Global Positioning System) Collars
• Satellite/UHF (Ultra High Frequency) Collars

By Application

• Wildlife Research and Conservation
• Ecological Studies
• Animal Management

By Component

• Collar Straps
• Transmitters
• GPS Modules
• Batteries
• Sensors

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America