The global pet wearables market is going to exhibit double digit growth in the forecast period, 2017-2027. The market growth is primarily driven by the rising discretionary income of population and increasing awareness among owners towards maintaining the well-being of their pets. Besides, increasing trend of monitoring pet’s outdoor activities and health metrics are supporting the market growth. In addition, extensive adoption rate of digital maps by smartphone manufacturers and investments by market players to improve technologies in pet wearables are expected to drive the global pet wearable market growth. Advancements in non-invasive wearable sensor systems and handheld devices are further propelling the demand for pet wearables. Additionally, increasing demand for adoptable dogs and pet owner population coupled with rising adoption of the internet of things are fueling the growth of the pet wearable market. Additionally, the growing use of pet wearables for monitoring data related to food intake, heart, and respiratory rate patterns, calories burnt by pets, etc. to boost the demand for pet wearables globally.
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The global pet wearables market is segmented on the basis of product type, application, technology, end-user, region, and company. Based on the product type, the market is divided into smart collar, smart vest, smart harness, and smart camera. The smart pet collar is expected to gain the largest share in the pet wearable market during the forecast period owing to their increased adoption for tracking pets using GPS technology, communicate with other using LED display, etc.
Global Pet Wearables market is controlled by these major players, namely– FitBark Inc. (US), Voyce (US), PetPace LLC (US), Binatone Global (Hong Kong), Cybortra technology Co. Ltd. (China), KYON (Greece), Loc8tor Ltd. (England), PawTrax Limited (UK), Pet Vu Inc. (US), Petcube, Inc. (US), Petrek Australia (Australia), Pitpatpet Ltd. (UK), Pod Trackers Pty Ltd (Australia), Trackimo (US) and Wonder Technology Solutions (Sweden) among others.
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Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Pet Wearables manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product types, applications, technologies, end uses, distribution network and regional presence of all major Pet Wearables manufacturers across the globe.
TechSci Research calculated the market size for Global Pet Wearables using a bottom-up approach, where manufacturers’ value sales data for standard product types (Smart Collar, Smart Vest, Smart Harness and Smart Camera) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Pet Wearables manufacturers, distributors and dealers, customers and policy makers. which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.
Report Scope:
In this report, the Pet Wearables has been segmented into the following categories in addition to the industry trends which have also been detailed below:
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, market pricing, sales footprint, target customer types, etc.
Company Profiles: Detailed analysis of the major companies present in the Pet Wearables market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Channel Partner Analysis
Company Information
Customer Profiling
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