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.
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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.
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
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