Pet Wearable Market shipments to grow at over 25% CAGR up to 2024

North America Pet Wearable Market is anticipated to grow substantially owing to high adoption of pet care products in households can be witnessed.

Sellbyville, United States - July 22, 2019 /MarketersMedia/ —

According to Global Market Insights, Pet Wearable Market size is expected to exceed USD 8 billion by 2024. The adoption of cats and dogs in several households and the growing belongingness among the people for them are driving the industrial growth. These factors are encouraging the manufacturers to develop devices, which will provide special care for their health and fitness. Such devices include GPS tracker and health & fitness monitoring devices. It helps in providing special attention to the pets and tracks the record of their health regularly.

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Several factors, such as short battery life and high-power consumption, are restricting the growth of pet wearable market. The devices consist of advanced features and technologies, which require high power for operation, that account for the faster discharging of the battery. Manufacturers are targeting on this restraint to convert it into an opportunity for the company. For instance, in June 2018, Xiaomi launched Fitbit with a battery life of 30 days. Lack of awareness about these products among the consumers is also a factor hindering the growth of market.

Integration of GPS technology into the wearable devices allows the owners to track the exact location of their pets. These technologies are getting integrated into all the wearables as an additional feature. Several manufacturers are offering these tracking devices in their offerings. Some of the products developed by the manufacturers, which are integrated with GPS technology include Whistle 3, Link AKC, Nuzzle, WUF, Kyon Pet tracker, and Fitbark. High adoption of this technology can be witnessed in the North American region. Adoption and integration of these technologies is driving the pet wearable market growth.

Smart collars accounted for a high industry share in the pet wearable market. These products are integrated with several technologies such as Wi-Fi, GPS, and mobile connectivity. Several features offered by the devices are tracking location, monitoring wellness, record activities, and remote sound & light for safety and training. Several manufacturers are providing these products with additional features to attract the customers. For instance, smart collar provided by Scollar comes with several additional features such as temperature alerts, daily care routines, and lost pet tracking. Such advantages of the devices are driving the industrial growth.

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North America accounted for the majority of industry share in the pet wearable market. High adoption of pet care products in households can be witnessed. Moreover, major players in the industry are operating in the region, which is driving the market. Care and love for dogs and cats among the people are proving to be an opportunity for the players to target their offerings with special features and functions.

Key players operating in pet wearable market are Dropcam (Nest), Tagg, Whistle Labs, Inc., i4c Innovations, FitBark, Garmin, Otto Petcare, Invisible Fence, High Tech Pet Products, Ridogulous Labs, Silent Herdsman Limited, Motorola, Dairymaster, DeLaval, IncPetPace, Nedap, Loc8tor, Pet Vu, Inc., and IceRobotics, among others. Companies are developing their products with advanced technologies to provide value to their offering and to ensure customer satisfaction. Applications of these devices, such as tracking, medical diagnosis, and fitness monitoring, are allowing the players to target their products in the different segments of the market.

Browse key industry insights spread across 230 pages with 181 market data tables & 29 figures & charts from the report, “Pet Wearable Market Size By Technology (RFID Devices, GPS, Sensors, Bluetooth), By Product (Smart Collar, Smart Vest, Smart Harness, Smart Camera), By Application (Medical Diagnosis & Treatment, Identification & Tracking, Fitness Monitoring, Behavior Monitoring & Control), By End-Use (Household, Commercial), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, China, India, Japan, Australia, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/pet-wearable-market

Table of Contents (ToC) of the report:

Chapter 2 Executive Summary
2.1 Pet wearable industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Technology trends
2.1.4 Product trends
2.1.5 End-use trends
2.1.6 Application trends

Chapter 4 Pet Wearable Market, By Technology (Revenue & Shipments)
4.1 Pet wearable market share by technology, 2016 & 2024
4.2 RFID devices
4.2.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.3 GPS
4.3.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.4 Sensors
4.4.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.4.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.5 Bluetooth
4.5.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.5.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.6 Others
4.6.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.6.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

Chapter 6 Pet Wearable Market, By End-Use (Revenue & Shipments)
6.1 Pet wearable market share, by end-use, 2016 & 2024
6.2 Household
6.2.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
6.2.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
6.3 Commercial
6.3.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
6.3.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/pet-wearable-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Website: https://www.gminsights.com/pressrelease/pet-wearable-market

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