Pet Wearable Market 2019
Description: –
According to a new report, the global pet wearable market is expected to witness steep growth in the coming years. The increasing adoption of pets, growing awareness regarding pet care and safety of the pets are some of the majorly driving factors that anticipate growing the market size of the pet wearable devices in the coming years.
Also, the consumers are increasingly becoming aware of safety concerns regarding their pets and using the best technology to ensure their safety which further supports this market. Growing usage of mobile devices and growing disposable income are some other encouraging factors that are inspiring end consumers to invest in these pet wearable gadgets. E-commerce companies use different distribution channels to enhance product awareness and branding of different devices as well used for the security purposes of the pets.
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Key Players
The well-known companies profiled in the report include DogTelligent, Garmin Ltd., GoPro, Dairymaster, Fitbark, IceRobotics, Loc8tor, PetPace LLC, Whistle Labs LLC, Otto Petcare, DeLaval, i4C Innovations. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Other factors driving market growth include increasing need of monitoring pets, growing adoption of IOT in pet tracking devices, and rapid advancement in the technology will propel the market size of pet wearable in the coming years. The smart pet collar which is a type of pet wearable device is used to connect wirelessly to a smartphones through Wi-Fi or Bluetooth and offer exact information regarding pet’ location, training activity, and much more thus making things much easier for the pet owners.
Market Segmentation
The market for global pet wearable has been segregated into type and region. Based on the type, the market has divided into smart collar, smart camera, smart harness, and others. The smart cameras dominated the global market in the past owing to increase the need to monitor pets and this market is expected to grow in the future as well. Increasing awareness regarding smart wearable technology along with increasing development of customized mobile applications and software platforms will boost the demand for smart cameras.
Detailed Regional Analysis
The global pet wearable market has been segmented across the United States, Europe, India, Japan, China, Southeast Asia and Middle East & Africa (MEA). The North American market is anticipated to dominate the global market during the coming years which is mainly due to higher living standards and more disposable income which in turn is driving pet wearable market. Also, the presence of global players in these countries is further boosting the market growth. Meanwhile, the APAC region is also showing significant growth in the coming years. New emerging markets, emerging consumer demographics, and increasing sale through different online channels, especially in the AOAC countries will offer tons of growth opportunities to the manufacturers of pet wearable devices in the coming years.
Competitive Landscape
The global pet wearable market is likely to witness growth in the coming years which can result in increased competition among the key players as well. Various companies are launching new products and are planning to collaborate with other leaders to cater to the increasing needs and requirements of consumers.
Industry News
Tractive launched a GPS tracker and activity monitor for cats allowing cat owners to know where their cats are doing and can track the exact location of the cats.
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Table of Contents – Major Key Points
- Overview and Scope
- Executive Summary
- Pet Wearable Market Insights
- Pet Wearable Market Size and Forecast, 2017-2026 by Product
- Pet Wearable Market Size and Forecast, 2017-2026 by Technology
- Pet Wearable Market Size and Forecast, 2017-2026 by Application
- Pet Wearable Market Size and Forecast, 2017-2026 by Region
- Company Profiles
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