Global Pet Wearable Market Size is estimated to expand rapidly in coming years, at a CAGR of 14.9 % from 2018 to 2025. In 2017, the global market valuation was USD 3.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Wearable devices are the devices which are used to track activities of the pets. These devices also allow surveillance of heart and respiratory rates, along with tracking of rest patterns and calories burned. These instruments produce information on companion animals’ food consumption, which may be helpful for owners to evaluate their fitness and their well-being. Owing to the research, IoT technology is expected to play an important role in verifying vital information about animal health. Mobile applications and data analytics technology is expected to play an important role in the evolution of wearable devices in the forecast period. Key players in the wearable devices are providing cloud-based data analytics with their products. Geographically, North America is expected to be the highest growing region in the global market of pet wearable and is expected to maintain its dominance in the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global pet wearable market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pet wearable market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Application Type Insights: On the basis of application, global pet wearable market has been segmented into identification & tracking, behavior monitoring & control, facilitation, safety & security, medical diagnosis & treatment. Among which medical diagnosis and treatment are expected to exhibit the highest CAGR in the forecast period. There has been a growing demand for wearable appliances that can provide calculable data between many owners about the physical exercise and wellness of pets. This segment is boosted by rising concern about obesity in animals such as cats and dogs and also predict other serious diseases such as Capnocytophaga, Renal failure, Feline panleukopenia, and others.   

By Technology Insights: On the basis of technology, global pet wearable market has been segmented into RFID, GPS, and Sensors. Among which RFID based wearable is expected to be the highest growing segment in the global market of pet wearable market. These devices can play a crucial role in finding stolen or lost animals and providing customers with notifications of their whereabouts on their smartphones. Nowadays, different businesses offer a broad range of trackers with a range of colors, forms, sizes, and characteristics.   

Regional Analysis

The pet wearable market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Due to the high demand in animal husbandry and increased awareness among customers, North America is anticipated to experience strong development in the upcoming time period. This growth is mainly attributed due to increased spending on companion animals and increased demand for advanced technology among owners Asia Pacific region is expected to witness high growth in the market in the forecast period. This market growth is mainly accompanied due to the adoption of pert animals and increased awareness about pet health and fitness. Europe is anticipated to dominate the global pet wearable market over the projected period.

Global Pet Wearable Market Size, Share Analysis by Region 2017

Global Pet Wearable Market Study Objective

1. To forecast the market size of pet wearable market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of pet wearable market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of pet wearable market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of pet wearable market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the pet wearable market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Whistle Labs Inc., PetPace LLC, FitBark, Tractive, i4C Innovations, and Garmin International, Inc. are some of the key players in the market of pet wearable.

Global Pet Wearable Market Study Report Offer You!

The global pet wearable market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.