Animal Radio Collar Market Size, Trends and Insights 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), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2024-2033 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- Telonics Inc. (USA)
- Lotek Wireless Inc. (Canada)
- Vectronics Aerospace GmbH (Germany)
- Advanced Telemetry Systems Inc. (USA)
- Others
Reports Description
As per the current market research conducted by CMI Team, the global Animal Radio Collar Market 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.
Wildlife Facts
- Approximately 30,000 species per year — about three per hour — are being driven to extinction – Harvard University
- Approximately 80 percent of the decline in global biological diversity is caused by habitat destruction – African Conservancy
- Wildlife habitat in the world is being destroyed at a rate of approximately 5,760 acres per day or 240 acres per hour – African Conservancy
- Illegal wildlife trafficking throughout the world brings in approximately US $20 billion per year – United States Fish and Wildlife Service
- Africa’s lion population has decreased in size by approximately 42 percent during the past two decades – African Wildlife Foundation
- People kill more than 100 billion sharks throughout the world each year — often illegally to make shark-fin soup – World Wildlife Fund
- More than 100 million animals are reported killed by hunters in the United States each year. That number does not include the millions of animals for which kill figures are not maintained by state wildlife agencies – Delaware Action for Animals
- More than 126,000 hunting trophies are imported into the United States each year. – Humane Society of the United States
The Animal Radio Collar Market comprises the production, distribution, and utilization of specialized collars equipped with radio, GPS, or satellite technology to track and monitor wildlife behaviour, movement, and ecological interactions.
It is a dynamic and technology-driven market, characterized by continuous innovations in tracking technologies and data collection methods to advance wildlife research, conservation, and management efforts. Current trends include the incorporation of advanced sensors for comprehensive data insights, emphasis on urban wildlife studies, and the integration of real-time data transmission, revolutionizing animal tracking in both natural habitats and urban landscapes.
Animal Radio Collar Market – Significant Growth Factors
The Animal Radio Collar Market presents significant growth opportunities due to several factors:
- Wildlife Conservation Efforts: The growing emphasis on wildlife conservation and habitat preservation drives the adoption of animal radio collars for scientific research, aiding in species protection and management.
- Advancements in Tracking Technologies: Continuous developments in GPS, satellite, and sensor technologies enhance the accuracy and capabilities of animal radio collars, facilitating more detailed and precise data collection.
- Ecosystem Management: Increasing demand for data-driven ecosystem management fuels the use of radio collars to understand animal interactions with their environment, enabling informed conservation strategies.
- Public Awareness and Education: Rising public interest in wildlife and the environment boosts demand for educational programs and initiatives that involve tracking animals using radio collars, driving the market growth.
- Urban Wildlife Monitoring: The expansion of urban areas presents an opportunity for using animal radio collars to study wildlife interactions in urban environments, providing insights into adaptation and behaviour changes.
- Collaborative Research Projects: Collaborations between research institutions, governments, and conservation organizations offer opportunities to pool resources and knowledge for larger-scale animal tracking projects, further driving market expansion.
- Human-Wildlife Conflict Mitigation: As human populations expand, conflicts between wildlife and human activities increase. Animal radio collars aid in understanding animal movements and behaviours, helping develop strategies to minimize conflicts and promote coexistence, which drives the demand for such collars in regions with high human-wildlife interactions.
Animal Radio Collar Market – Mergers and Acquisitions
The Animal Radio Collar Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Animal Radio Collar Market include:
- io announces partnership with Telonic: In 2021, Versio.io announces a partnership with Telonic. This partnership brings change detection & processing to enterprise networks. Telonic is a highly specialized and unique expert in the field of IT network, security and analytics. Telonic supports its customers with individual IT network solutions and managed network services.
- Wildlife Computers Releases Fastloc®4: In 2023, Fastloc® GPS, the most accepted and proven location acquisition technology, just got better. Fastloc 4, the latest version of Fastloc, gives you a tag that lasts longer and provides more reliable and accurate locations.
- Freefly Systems and Wildlife Drones: In 2021, American drone manufacturer Freefly Systems announced a partnership with Australian conservation tech start-up Wildlife Drones to launch the world’s most advanced radio-telemetry system incorporating US made drones.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Animal Radio Collar Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
Animal Radio Collar Market | Animal Healthcare Market | Animal Parasiticides Market |
CAGR 9.1% (Approx) | CAGR 10.7% (Approx) | CAGR 5.9% (Approx) |
USD 5.2 Billion by 2032 | USD 94.8 Billion by 2030 | USD 16.98 billion by 2032 |
Animal Radio Collar Market – Significant Threats
The Animal Radio Collar Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Animal Welfare Concerns: The use of radio collars raises ethical considerations regarding the potential impact on animal behaviour, stress levels, and overall welfare, leading to backlash from animal rights advocates.
- Data Privacy and Security: The collection of animal tracking data poses data privacy and security risks, as location information may be misused or exploited, raising concerns about the privacy of both wildlife and human stakeholders.
- Technological Limitations: Technical challenges such as signal interference, battery limitations, and data transmission issues can affect the accuracy and effectiveness of animal radio collar systems, impacting their reliability for research and conservation efforts.
- Regulatory Compliance: Varying regulations and permits related to wildlife tracking in different regions can hinder the adoption of animal radio collars, leading to operational challenges and delays in research initiatives.
- Interactions with Other Species: Animal radio collars can inadvertently affect interactions between tracked animals and other species, potentially altering ecological dynamics. Collars might facilitate predation, alter animal behaviour, or impact animal-to-animal communication, posing threats to ecosystem balance and integrity.
Report Scope
Feature of the Report | Details |
Market Size in 2023 | USD 3.9 Billion |
Projected Market Size in 2032 | USD 5.2 Billion |
Market Size in 2022 | USD 3.8 Billion |
CAGR Growth Rate | 9.1% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Product Type, Application, Component and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Product Type:
- VHF (Very High Frequency) Collars: VHF collars emit signals detectable within short ranges, commonly used for tracking terrestrial animals. They offer cost-effective solutions for wildlife researchers to monitor behaviour and movements, particularly in areas with good signal reception.
- GPS (Global Positioning System) Collars: GPS collars employ satellite technology to provide accurate location data, enabling real-time tracking of animal movements, migrations, and habitat use. This trend reflects the increasing demand for precise and remote animal monitoring.
- Satellite/UHF (Ultra High Frequency) Collars: Satellite/UHF collars transmit data via satellites, suitable for wide-ranging species. They gather data on long journeys, making them pivotal for migratory studies. This trend caters to the need for comprehensive insights into animal movements across various ecosystems.
By Application
- Wildlife Research and Conservation: In the Animal Radio Collar Market, collars with tracking technology are utilized for wildlife research and conservation, supplying crucial insights into animal behavior, migrations, and habitats. Current trends encompass the integration of advanced sensors for comprehensive data collection, promoting informed conservation decisions.
- Ecological Studies: The market involves collars equipped with tracking technology for ecological studies, unravelling intricate animal-environment interactions. Trends involve a surge in urban wildlife studies, utilizing radio collars to examine wildlife adaptations to urban landscapes and their implications for ecosystems.
- Animal Management: In the Animal Radio Collar Market, collars are employed for animal management, aiding in health monitoring and movement tracking. Trends encompass real-time data transmission, offering immediate insights into animal behaviours for improved livestock husbandry and welfare.
By Components
- Collar Straps: Collar straps provide secure attachment for radio collars to animals. They are designed to ensure comfort and safety while preventing collar slippage or irritation.
- Transmitters: Transmitters emit radio or GPS signals for tracking. Advanced transmitters allow real-time data transmission, aiding researchers in obtaining accurate and up-to-date information.
- GPS Modules: GPS modules enable precise location tracking, revolutionizing wildlife monitoring by providing accurate and detailed movement data.
- Batteries: Batteries power the collar and its components. Longer-lasting, lightweight batteries enhance the collars’ operational efficiency and data collection capabilities.
- Sensors: Sensors capture behavioural and physiological data, facilitating comprehensive wildlife studies and insights into animal health, behaviour, and responses to environmental changes. Trends involve miniaturization, enhanced data accuracy, and multi-sensor integration for holistic insights.
Animal Radio Collar Market – Regional Analysis
The Animal Radio Collar Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, a prevailing trend is the integration of wildlife tracking data into citizen science initiatives. Collaborations between researchers, communities, and technology enthusiasts foster data sharing and engagement in wildlife conservation, contributing to a comprehensive understanding of local ecosystems.
- Europe: In Europe, the trend centers around the convergence of animal radio collar technology with ecological connectivity studies. Collaborative efforts focus on mapping wildlife corridors, enabling efficient conservation planning and mitigating habitat fragmentation, a significant concern in the region.
- Asia-Pacific: The Asia-Pacific region experiences a trend of applying animal radio collar technology to address human-wildlife conflicts. Collaborations with local communities and authorities help develop strategies for minimizing conflicts, and safeguarding both wildlife and livelihoods.
- Latin America, Middle East, and Africa (LAMEA): In LAMEA, a growing trend is the integration of traditional ecological knowledge with modern animal radio collar data. Collaborations between indigenous communities and researchers yield insights into wildlife behaviour and migrations, aiding in culturally sensitive conservation efforts.
Competitive Landscape – Animal Radio Collar Market
The Animal Radio Collar Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- 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
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
Emerging players such as Wildlife Telemetry Systems and Telemetry Solutions have entered the Animal Radio Collar Market with innovative approaches. Wildlife Telemetry Systems specializes in lightweight collars with advanced sensor integration, while Telemetry Solutions focuses on real-time data transmission technologies, catering to evolving research demands.
Key players like Telonics, Lotek Wireless, and Vectronics Aerospace dominate the Animal Radio Collar Market. Telonics is renowned for its cutting-edge GPS and telemetry solutions, Lotek Wireless excels in wildlife monitoring technology, and Vectronics Aerospace offers a range of advanced animal tracking solutions. These dominant players shape market trends, influence technology standards, and hold substantial market share due to their consistent innovation and established reputation.
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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Animal Radio Collar Market, (2024 – 2033) (USD Billion)
- 2.2 Global Animal Radio Collar Market : snapshot
- Chapter 3. Global Animal Radio Collar Market – Industry Analysis
- 3.1 Animal Radio Collar Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Wildlife Conservation Efforts
- 3.2.2 Advancements in Tracking Technologies
- 3.2.3 Ecosystem Management
- 3.2.4 Public Awareness and Education
- 3.2.5 Urban Wildlife Monitoring
- 3.2.6 Collaborative Research Projects
- 3.2.7 Human-Wildlife Conflict Mitigation.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By Component
- Chapter 4. Global Animal Radio Collar Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Animal Radio Collar Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Animal Radio Collar Market – Product Type Analysis
- 5.1 Global Animal Radio Collar Market overview: By Product Type
- 5.1.1 Global Animal Radio Collar Market share, By Product Type, 2022 and – 2033
- 5.2 VHF (Very High Frequency) Collars
- 5.2.1 Global Animal Radio Collar Market by VHF (Very High Frequency) Collars, 2024 – 2033 (USD Billion)
- 5.3 GPS (Global Positioning System) Collars
- 5.3.1 Global Animal Radio Collar Market by GPS (Global Positioning System) Collars, 2024 – 2033 (USD Billion)
- 5.4 Satellite/UHF (Ultra High Frequency) Collars
- 5.4.1 Global Animal Radio Collar Market by Satellite/UHF (Ultra High Frequency) Collars, 2024 – 2033 (USD Billion)
- 5.1 Global Animal Radio Collar Market overview: By Product Type
- Chapter 6. Global Animal Radio Collar Market – Application Analysis
- 6.1 Global Animal Radio Collar Market overview: By Application
- 6.1.1 Global Animal Radio Collar Market share, By Application, 2022 and – 2033
- 6.2 Wildlife Research and Conservation
- 6.2.1 Global Animal Radio Collar Market by Wildlife Research and Conservation, 2024 – 2033 (USD Billion)
- 6.3 Ecological Studies
- 6.3.1 Global Animal Radio Collar Market by Ecological Studies, 2024 – 2033 (USD Billion)
- 6.4 Animal Management
- 6.4.1 Global Animal Radio Collar Market by Animal Management, 2024 – 2033 (USD Billion)
- 6.1 Global Animal Radio Collar Market overview: By Application
- Chapter 7. Global Animal Radio Collar Market – Component Analysis
- 7.1 Global Animal Radio Collar Market overview: By Component
- 7.1.1 Global Animal Radio Collar Market share, By Component, 2022 and – 2033
- 7.2 Collar Straps
- 7.2.1 Global Animal Radio Collar Market by Collar Straps, 2024 – 2033 (USD Billion)
- 7.3 Transmitters
- 7.3.1 Global Animal Radio Collar Market by Transmitters, 2024 – 2033 (USD Billion)
- 7.4 GPS Modules
- 7.4.1 Global Animal Radio Collar Market by GPS Modules, 2024 – 2033 (USD Billion)
- 7.5 Batteries
- 7.5.1 Global Animal Radio Collar Market by Batteries, 2024 – 2033 (USD Billion)
- 7.6 Sensors
- 7.6.1 Global Animal Radio Collar Market by Sensors, 2024 – 2033 (USD Billion)
- 7.1 Global Animal Radio Collar Market overview: By Component
- Chapter 8. Animal Radio Collar Industry – Regional Analysis
- 8.1 Global Animal Radio Collar Industry Regional Overview
- 8.2 Global Animal Radio Collar Industry Share, by Region, 2022 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Animal Radio Collar Industry, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.4 North America Animal Radio Collar Industry, by Product Type, 2024 – 2033
- 8.4.1 North America Animal Radio Collar Industry, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Animal Radio Collar Industry, by Application, 2024 – 2033
- 8.5.1 North America Animal Radio Collar Industry, by Application, 2024 – 2033 (USD Billion)
- 8.6 North America Animal Radio Collar Industry, by Component, 2024 – 2033
- 8.6.1 North America Animal Radio Collar Industry, by Component, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Animal Radio Collar Industry, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.8 Europe Animal Radio Collar Industry, by Product Type, 2024 – 2033
- 8.8.1 Europe Animal Radio Collar Industry, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Animal Radio Collar Industry, by Application, 2024 – 2033
- 8.9.1 Europe Animal Radio Collar Industry, by Application, 2024 – 2033 (USD Billion)
- 8.10 Europe Animal Radio Collar Industry, by Component, 2024 – 2033
- 8.10.1 Europe Animal Radio Collar Industry, by Component, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Animal Radio Collar Industry, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Animal Radio Collar Industry, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Animal Radio Collar Industry, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Animal Radio Collar Industry, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Animal Radio Collar Industry, by Application, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Animal Radio Collar Industry, by Component, 2024 – 2033
- 8.14.1 Asia Pacific Animal Radio Collar Industry, by Component, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Animal Radio Collar Industry, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.16 Latin America Animal Radio Collar Industry, by Product Type, 2024 – 2033
- 8.16.1 Latin America Animal Radio Collar Industry, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Animal Radio Collar Industry, by Application, 2024 – 2033
- 8.17.1 Latin America Animal Radio Collar Industry, by Application, 2024 – 2033 (USD Billion)
- 8.18 Latin America Animal Radio Collar Industry, by Component, 2024 – 2033
- 8.18.1 Latin America Animal Radio Collar Industry, by Component, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Animal Radio Collar Industry, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Animal Radio Collar Industry, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Animal Radio Collar Industry, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Animal Radio Collar Industry, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Animal Radio Collar Industry, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Animal Radio Collar Industry, by Application, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Animal Radio Collar Industry, by Component, 2024 – 2033
- 8.22.1 The Middle-East and Africa Animal Radio Collar Industry, by Component, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Telonics Inc. (USA)
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Lotek Wireless Inc. (Canada)
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Vectronics Aerospace GmbH (Germany)
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Advanced Telemetry Systems Inc. (USA)
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Sirtrack Ltd. (New Zealand)
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Wildlife Computers (USA)
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 e-obs GmbH (Germany)
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Africa Wildlife Tracking (South Africa)
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Telemetry Solutions (USA)
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Earth Resources Technology Inc. (USA)
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Others.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.1 Telonics Inc. (USA)
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
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Demand-side |
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Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
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Prominent Player
- 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
FAQs
The key factors driving the Market are Wildlife Conservation Efforts, Advancements in Tracking Technologies, Ecosystem Management, Public Awareness and Education, Urban Wildlife Monitoring, Collaborative Research Projects And Human-Wildlife Conflict Mitigation.
The “Product Type” category dominated the market in 2022.
The key players in the market are 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.
“Asia-Pacific” had the largest share in the Animal Radio Collar Market.
The global market is projected to grow at a CAGR of 9.1% during the forecast period, 2023-2032.
The Animal Radio Collar Market size was valued at USD 3.8 Billion in 2022.