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Pulished Date April, 2021
ID: 8928
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Pet Wearable Market Analysis - By Technology (RFID Chips, GPS Chips, Bluetooth Chips, Sensors, Processors, Wi-Fi, Cellular), By Application (Medical Diagnosis & Treatment, Identification & Tracking), By Product (Smart Harnesses, Smart Collars and Smart Cameras), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Analysis on Size, Share, Demand, Strategy, Landscape, Competition & Forecast Report | 2021 - 2026

Pulished: April, 2021
ID: 8928
Pages: 100

Global Pet Wearable Market Size, Trends & Forecast (2021 - 2026)

The size of the Global Pet Wearable Market is expected to reach 2128 million USD by 2026, which is a significant increase from 975 million USD in 2021 with an increase in a CAGR of 19.6% during the forecast period. The growth of the pet wearables market is attributed to the rise in the concerns about a pet's health and care that it offers about their lifestyle.

Also, the rise of the adoption of IoT (Internet of Things), AI (Artificial Intelligence) in all the wearables for tracking the health and location of a pet is a thing that is driving the growth of the pet wearable market. Additionally, these pet wearables have some other benefits like connecting humans with their pets and measure or monitor their fitness and health. These devices also follow food intakes, heart, respiratory patterns, and calories burnt. All these factors are helping the growth of the pet wearable market in recent years.

Recent Developments of Global Pet Wearable Market:

  • Wagz, a market leader in Pet Wearable market launched Wagz Explore Smart Collar, in June 2018, a pet wearable of its kind that incorporates real-time data, geofencing, and artificial intelligence to help owners keep track of their pets' location and health. Explore Smart Collar also includes HD video streaming, two-way audio, activity tracking, and human bark deterrence. It uses artificial intelligence found in everyday smart home helpers like Amazon Alexa to attach pets and give them a voice.

  • Tractive, a giant in the Pet Wearable market, launched a GPS tracker and activity monitor for cats in December 2018. This new device enables cat owners to find out where their cats are going, to track the time they spend at different locations, and to find them whenever they need to.

 Growth Drivers of Pet Wearable Market

Increased adoption of pets throughout the globe with the help of blue cross societies and the aware-ness about adopting them is one of the decisive reasons for the growth of the pet wearable market. Also, the rise in the knowledge of the physical fitness of pets and animals is making people adopt new tech devices to monitor their pets. The need for new tech for taking care of their pet is one of the driving forces of the global pet wearables market.

The developed technology and feel of fanciness are making people grow on them. This coolness factor and the applications or uses that these pet wearables offer are fuelling the global pet wearables market. The ease of usage and the availability of these pet wearable gadgets in an inexpensive way are the reasons that are making humans use them for their pet's wellbeing.

Key Challenges of Pet Wearable Market

Although these pet wearable products are popular in the developed areas or countries, there is a chance for the better gets into the people about these products. Places like remote areas, rural areas in developing countries like China, India, Indonesia, etc., have less publicity about these products. These changes in the way of getting into people for the new players in the market is one of the things to develop.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

19.6%

Segments Covered

By Application, Technology, Product, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Whistle Labs, Inc.; FitBark; PetPace LLC; i4C Innovations; Tractive; and Garmin International, Inc, Kyon, GoPro, Scollar & Fecana.

 

Pet Wearable market Size, Share

This research report includes the segmentation of the Global Pet Wearable Market and evaluated size & forecast for each segmentation until 2025.

Pet Wearable Market: By Technology

  • RFID Chips
  • GPS Chips
  • Bluetooth Chips
  • Sensors
  • Processors
  • Wi-Fi
  • Cellular

Based on Technology, the Sensors segment holds the majority of the market share in 2019, with a market share of 27%. The reason for such market share is attributed to the applications of the sensors in smart harnesses. Smart harness fitted with a wide range of devices and sensors to track and monitor the pet's attitude, body language and the sounds it makes. The smart harness also includes physical sensors which monitor the pet's heart rate and body temperature. Sensors not only control the physical well-being of a dog but can also provide data on the emotional state of a dog, such as whether it is excited or anxious. Also, GPS Chips are expected to be the fastest-growing segment, with a CAGR of 18.2. The RFID segment also had a significant market share in 2018. 

Pet Wearable Market: By Application

  • Medical Diagnosis & Treatment
  • Identification & Tracking

Based on the Application, the Identification & Tracking segment holds the market share in 2019, with 37% of revenue. The reason for such market share is attributed to the crucial use of wearable tracking devices to find lost and stolen pets. According to research, around 10 million cats and dogs are lost or taken every year in the United States alone. Also, Medical Diagnosis & Treatment is expected to be the fastest-growing segment, with a CAGR of 17.9. 

Pet Wearable Market: By Product

  • Smart Harnesses
  • Smart Collars  
  • Smart Cameras

Based on the Product, the Global Pet Wearable Market is segmented into. With the introduction of innovative technologies, all these mentioned segments are predicted to register noteworthy demand in the coming years.

Pet Wearable Market: By Region

The Pet Wearable Market Report includes the segmentation of Regions with their respective Countries.

  • North America Pet Wearable Market includes U.S, Canada

  • Europe Pet Wearable Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

  • Asia Pacific Pet Wearable Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

  • Latin America Pet Wearable Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

  • Middle East & Africa Pet Wearable Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, North America is having a significant share in the global pet wearables market, valued at USD 570 Million. This development of the pet wearable business in this region is attributed to the increase in the number of pet adopted owners and tech-savvy consumers. And the developed countries like the US are one of the main reasons for the growth of the pet wearable market in the North American region.

In the forecast period, Asia-Pacific is anticipated to record a higher CAGR when compared to other regions because of the rising economies like China, India and developed countries like Australia. And the awareness about the benefits of adopting pets is driving the expansion of the regional pet wearable market.

The major key players of the pet wearable market include Whistle Labs, Inc.; FitBark; PetPace LLC; i4C Innovations; Tractive; and Garmin International, Inc, Kyon, GoPro, Scollar, and Fecana.

If you want specific requirements feel free to ask our Analyst @ https://www.marketdataforecast.com/market-reports/pet-wearable-market/customization

 

1. Introduction                                 

                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                                           

                2.1 Introduction                              

                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. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

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                          

                                5.1.1 Introduction           

                                5.1.2 RFID Chips               

                                5.1.3 GPS Chips

                                5.1.4 Bluetooth Chips    

                                5.1.5 Sensors    

                                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                           

                                5.2.1 Introduction           

                                5.2.2 Medical Diagnosis & Treatment     

                                5.2.3 Identification & Tracking   

                                5.2.4 Others      

                                5.2.5 Y-o-Y Growth Analysis        

                                5.2.6 Market Attractiveness Analysis      

                                5.2.7 Market Share Analysis        

                5.3 By Product                  

                                5.3.1 Introduction           

                                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 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Technology

                                                6.1.3.3 By Application

                                                6.1.3.4 By Product

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Technology

                                                6.1.4.3 By Application

                                                6.1.4.4 By Product

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Technology

                                                6.1.5.3 By Application

                                                6.1.5.4 By Product

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                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.                     

                                8.1.1 Overview

                                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          

                8.2 FitBark                          

                8.3 PetPace LLC                

                8.4 i4C Innovations                        

                8.5 Tractive                        

                8.6 Garmin International, Inc                     

                8.7 Kyon                             

                8.8 GoPro                           

                8.9 Scollar                           

                8.10 Fecana                       

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                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, 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

  • Global Pet Wearable Market By Region, From 2021-2026 ( USD Billion )
  • Global Pet Wearable Market By Technology, From 2021-2026 ( USD Billion )
  • Global RFID Chips Market By Region, From 2021-2026 ( USD Billion )
  • Global GPS Chips  Market By Region, From 2021-2026 ( USD Billion )
  • Global Bluetooth Chips Market By Region, From 2021-2026 ( USD Billion )
  • Global Sensors Market By Region, From 2021-2026 ( USD Billion )
  • Global Other Technologies Market By Region, From 2021-2026 ( USD Billion )
  • Global Pet Wearable Market By Application, From 2021-2026 ( USD Billion )
  • Global Medical Diagnosis & Treatment Market By Region, From 2021-2026 ( USD Billion )
  • Global Identification & Tracking Market By Region, From 2021-2026 ( USD Billion )
  • Global Others Market By Region, From 2021-2026 ( USD Billion )
  • Global Pet Wearable Market By Product, From 2021-2026 ( USD Billion )
  • Global Smart Harnesses Market By Region, From 2021-2026 ( USD Billion )
  • Global Smart Colllars Market By Region, From 2021-2026 ( USD Billion )
  • Global smart Cameras Market By Region, From 2021-2026 ( USD Billion )

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