Global Pet Wearable Market, By Product (Smart Collar; Smart Camera; Smart Harness & Vest; Tags; Monitors; Trackers; Translators), Technology (RFID; GPS; Sensors; Others), Animal Type (Companion; Livestock), Application (Identification & Tracking; Behaviour Monitoring & Control; Facilitation, Safety & Security; Medical Diagnosis & Treatment), End-Use (Commercial; Household), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Pet Wearable Market
Pet wearable market will reach at an estimated value of USD 5.02 billion by 2028 and grow at a CAGR of 8.20% in the forecast period of 2021 to 2028. Rise in the advancements in technologies associated with the development and activities associated with these devices is an essential factor driving the pet wearable market.
Pet wearables are characterized as electronic wearable gadgets which help people keep an ongoing record of their pets, animals and buddy creatures with the assistance of remote correspondence frameworks. These gadgets help people in checking the wellbeing, help in special distinguishing proof of their pets, and monitor their area just as help in constant observing of their conduct and their development exercises.
Rise in the rapid growth in demand for better services related to healthcare of pets is a crucial factor accelerating the market growth, also rise in the adoption of GPS-enabled devices and components, rise in the consumption for heat detection, identification and tagging solutions, increase in the urbanization and rise in popularity of pets in Latin America, rise in the disposable income in Asia Pacific countries and rise in the need for obligatory RFID tagging for farm animals in Australia are the major factors among others boosting the pet wearable market. Moreover, rise in the rapid advancements in wan and Lpwan technologies and exponential demand for pet wearables from developing countries in APAC will further create new opportunities for pet wearable market in the forecast period mentioned above.
However, high power consumption and limited battery life of pet wearable devices are the major factors among others restraining the market growth, and will further challenge the pet wearable market in the forecast period mentioned above.
This pet wearable market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pet wearable market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pet Wearable Market Scope and Market Size
Pet wearable market is segmented on the basis of product, technology, animal type, application and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, pet wearable market is segmented into smart collar, smart camera, smart harness & vest, tags, monitors, trackers and translators.
- Based on technology, the pet wearable market is segmented into rfid, gps, sensors and others.
- Based on animal type, the pet wearable market is segmented into companion and livestock.
- Based on application, the pet wearable market is segmented into identification & tracking, behaviour monitoring & control, facilitation, safety & security and medical diagnosis & treatment.
- The pet wearable market is also segmented on the basis of end-use into commercial and household.
Pet Wearable Market Scope Country Level Analysis
Pet wearable market is analysed and market size, volume information is provided by country, product, technology, animal type, application and end-use as referenced above.
The countries covered in the pet wearable market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the pet wearable market due to rise in the adoption of GPS-enabled devices and components, rise in the consumption for heat detection and increase in the identification and tagging solutions in this region. Asia-Pacific is the expected region in terms of growth in pet wearable market due to increase in the awareness related to pet fitness and health and rise in the adoption of companion animals in this region.
The country section of the pet wearable market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pet Wearable Market Share Analysis
Pet wearable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pet wearable market.
The major players covered in pet wearable market report are SCR Engineers LTD; Avid Identification Systems, Inc.; Datamars; FitBark Inc.; Garmin Ltd.; Spoton Logistics; Invisible Fence; Whistle; Link My Pet.; Loc8tor Ltd.; Motorola Mobility LLC; Tractive; Trovan Ltd.; Voyce; Cybortra technology co., Ltd.; KYON; DOGTRA; PetPace LTD.; PawTrax; Pod Trackers Pty Ltd; DAIRYMASTER; Gibi Technologies Inc.; IceRobotics Ltd; and INUPATHY Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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