The size and share of the North America Pet Wearable Market expected to reach over the high CAGR during the forecast period of 2021-2026.
Pet wearables are the electronic devices that produce information about the pet's conditions and situations, such as food intake of pets to investigate their wellbeing and prosperity. These gadgets empower the actions like monitor heart and respiratory rates alongside rest patterns and the calories that are consumed by their pet.
North America pet wearables market has been one of the growing markets owing to the rising awareness regarding their health monitoring in people, technological advancements in the pet wearables and the increasing adoption of pets. Also, the US and Canada have a very high proportion of pet ownership which includes pets like dogs and cats being the most popular.
The pet wearable market in North America is anticipated to hold a major share of the business globally when compared to the sales in other regions. The growth of the target market in this region owes to well-developed healthcare technologies for the sake of the pet, rising expenditure of governments on veterinary industry and the presence of prominent market players operating in this region. Also, the governments of the nations in this region are proposing the bills for the standardization of pet's microchip and a national database of pet owner information for their safety and recovery.
Wagz Inc., an application developer that concentrates entirely on connected pet lifestyle, has acquired the Link AKC, one of the major players in the pet wearables market that was based in the US, for getting lead on explosive connected pet category.
Whistle Labs, a subsidiary of Mars Petcare headquartered in San Francisco, California, has announced that it is launching the innovative pet wearable that focuses on the health of a pet.
Drivers & Restraints in the Industry:
The primary driver of the growth of the North America pet wearable market is the rising awareness about health monitoring of their pets among people, the technological advancements in the pet wearables and the increasing adoption of pets in the countries like US and Canada.
Moreover, increasing standards of the consumers' lifestyle and the rising demand for the technology that enables the consumer to track and monitor their pets remotely have resulted in the growing popularity of these pet wearables in the North American region which is propelling the target market growth in the area.
Also, establishments of the advanced healthcare technologies related to the pets coupled with the increasing government expenditures on the veterinary industry in the North American region is the factor that is anticipated to fuel the growth of the pet wearable market during the forecast period.
Market Segmentation of the North America Pet Wearable Market until 2025.
The pet wearable market is segmented into Product, Application, Technology & Region.
North America Pet Wearable Market for Application is categorised into Medical Diagnosis & Treatment, Safety & Security, Behaviour Monitoring & Facilitation, Identification & Tracking. Among these segments, medical diagnosis & treatment is anticipated to grow and record a higher CAGR owing to the decreasing cost of sensor technology, which is the most crucial part of the wearable devices.
North America Pet Wearable Market for Product is categorised Smart Collar, Smart Camera & Smart Harness.
North America Pet Wearable Market for Technology is categorised into GPS, RFID & sensors.
North America Pet Wearable Market for Region level includes Us, Canada & Others
In the regional analysis of the North America Pet Wearable Market, the US held for the significant share of the local market revenue owing to the presence of the target market's key players and the rising adoption of pets coupled with the strong pet health care industry in the vicinity.
Some of the Key Players of the market includes Whistle Labs (US), PetPace (US), Garmin (US), FitBark (US), Tractive (Austria), Link AKC (US), Motorola (US), Num’Axes /EYENIMAL (France), KYON (Greece), Scollar (US), GoPro (US), and Felcana (UK) & others.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Technology
5.1.2 RFID Chips
5.1.3 GPS Chips
5.1.4 Bluetooth Chips
5.1.6 Other Technologies
5.1.7 Y-o-Y Growth Analysis
5.1.8 Market Attractiveness Analysis
5.1.9 Market Share Analysis
5.2 By Application
5.2.2 Medical Diagnosis & Treatment
5.2.3 Identification & Tracking
5.2.5 Y-o-Y Growth Analysis
5.2.6 Market Attractiveness Analysis
5.2.7 Market Share Analysis
5.3 By Product
5.3.2 Smart Harnesses
5.3.3 Smart Collars
5.3.4 Smart Cameras
5.3.5 Y-o-Y Growth Analysis
5.3.6 Market Attractiveness Analysis
5.3.7 Market Share Analysis
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Technology
188.8.131.52 By Application
184.108.40.206 By Product
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Technology
22.214.171.124 By Application
126.96.36.199 By Product
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Technology
220.127.116.11 By Application
18.104.22.168 By Product
6.2 North America
6.1.2 United States
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 Whistle Labs, Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 PetPace LLC
8.4 i4C Innovations
8.6 Garmin International, Inc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of raw materials, by application, by product, by technology, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
North America Pet Wearable Market By Region, From 2021-2026 ( USD Billion )
North America Pet Wearable Market By Technology, From 2021-2026 ( USD Billion )
North America RFID Chips Market By Region, From 2021-2026 ( USD Billion )
North America GPS Chips Market By Region, From 2021-2026 ( USD Billion )
North America Bluetooth Chips Market By Region, From 2021-2026 ( USD Billion )
North America Sensors Market By Region, From 2021-2026 ( USD Billion )
North America Other Technologies Market By Region, From 2021-2026 ( USD Billion )
North America Pet Wearable Market By Application, From 2021-2026 ( USD Billion )
North America Medical Diagnosis & Treatment Market By Region, From 2021-2026 ( USD Billion )
North America Identification & Tracking Market By Region, From 2021-2026 ( USD Billion )
North America Others Market By Region, From 2021-2026 ( USD Billion )
North America Pet Wearable Market By Product, From 2021-2026 ( USD Billion )
North America Smart Harnesses Market By Region, From 2021-2026 ( USD Billion )
North America Smart Colllars Market By Region, From 2021-2026 ( USD Billion )
North America smart Cameras Market By Region, From 2021-2026 ( USD Billion )