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(I-SoftwareNews.Com, August 09, 2018 ) Market Overview:-
Pet Wearable Market was estimated to be over USD 1 billion by 2016 with the industry growth pegged at a CAGR of over 20% during the forecast timeframe. Rise in adoption of pets coupled with increase in disposable incomes in several North American households is anticipated to drive the Pet Wearable Market over the coming years. Over 60% of the American homes own either a cat or a dog. The owners have increased their expenditure on pets by investing in wearable devices, as they help remotely monitor and control the pet’s health and fitness.
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Growing interest for security & wellbeing of pets, and ongoing developments in mapping portals with the infiltration of smart devices will stimulate the GPS enabled devices in the pet wearable market. Wearable technology is changing the lives of both pets and their owners, with mobile apps at the center of the industry. From GPS tracking to RFID implants, the usage of mobile apps and wearable technology in pet industry is providing innovative security and safety solutions to owners and their pets.
Top Key Players:-
Key players operating in the pet wearable market include Nedap N.V., Silent Herdsman Limited, Scollar Inc., Pet Vu Inc., DeLaval, Inc., Dairymaster, PetPace, Otto Petcare, Motorola, Ridogulous Labs, Garmin, FitBark, i4c Innovations, Tagg, Whistle Labs Inc, Loc8tor, and IceRobotics, among others. Companies are investing in R&D operations to provide affordable products to the customers with comparatively low-income levels in North America and Europe.
Market share calculation in this report is not done based on companies covered in it. The calculation of pet wearable market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Asia Pacific pet wearable market is anticipated to grow at a substantial growth owing to the urbanization and rise in popularity of pets. Owners have a strong emotional connection with their pets, which has encouraged several service providers to develop innovative devices. With growing busy lifestyles and rising work & home pressures, large number of population in countries such as China and Japan are adopting pets to help relieve stress and as companions.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
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 3 Pet Wearable Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Technology providers
3.3.3 Application developers
3.3.4 Manufacturers
3.3.5 Service providers
3.3.6 Distribution channel analysis
3.3.7 Distribution landscape
3.3.8 Vendor matrix
3.4 Technology & innovation landscape
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 Need for remote monitoring and tracking pets in North America
3.5.1.2 Rising consciousness regarding medical diagnosis of pets in Europe
3.5.1.3 Need for obligatory RFID tagging for farm animals in Australia
3.5.1.4 Rising disposable income in Asia Pacific countries
3.5.1.5 Urbanization and rise in popularity of pets in China
3.5.2 Industry pitfalls and challenges
3.5.2.1 Power consumption and short battery life of devices
3.5.2.2 Lack of public awareness
3.6 Price trend analysis
3.6.1 Smart collars
3.6.2 Smart cameras
3.6.3 Smart harness
3.6.4 Smart vest
3.7 Regulatory landscape
3.7.1 U.S.
3.7.2 EU
3.7.3 China
3.7.4 Australia
3.7.5 Japan
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 Company landscape, 2016
3.10.1 Strategy dashboard
3.10.1 Investment landscape
3.11 PESTEL analysis
3.12 Pet industry landscape
3.12.1 Number of pets, by region, 2016
3.12.1.1 North America
3.12.1.2 Europe
3.12.1.3 Asia Pacific
3.12.1.4 Latin America
3.12.1.5 MEA
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Demand for pet care is increasing resulting in the increasing demand for highly specialized premium products and services in the pet wearable market. Growing implementation and usage of wearable diagnostics devices for pets will drive the industry growth. Tagging of commercial and household pets for medical purposes will gain significance and momentum.
The RFID based devices accounted for over 30% revenue share in 2016. The growing trend of implementing RFID tags for dairy animals and pet tracking is a vital factor driving the RFID demand in the pet wearable market. These devices are designed for ultra-high and low frequencies, and are used in continuously recording readings of a pet's daily activities and for animal tracking respectively.
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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