October 03, 2019
According to the latest study titled ‘Global (United States, European Union and China) Pet Wearable Market Research Report 2019-2025’ available with Market Study Report LLC, the global pet wearable market is expected to grow substantially by the year 2025.
Smart pet tracking, coupled with pet wearable devices, is a connected solution providing security to the pets. It allows pet parents to keep a tab on location and activities of their pet using the smartphone application. Affordability of these devices, along with the low cost of remote monitoring services are compelling the pet owners around the globe to adopt pet wearable devices, thereby augmenting the market growth.
Technologies such as Wi-Fi, ZigBee, and Bluetooth are being integrated with pet wearable devices to offer advanced monitoring and tracking solutions. Incorporation of global positioning system (GPS) technology in these devices will provide accurate and efficient information for tracking animals. Ongoing development in mapping portals, widespread presence of GPS enabled smart devices, and rising interest in wellbeing & security of pets are the major factors driving the growth of pet wearable market.
Based on type, the market is segmented as smart collar, smart harness, smart camera, and smart vest. While based on application spectrum, the pet wearable market is divided into behavior monitoring & control, medical diagnosis & treatment, identification & tracking, and facilitation, safety & security.
Considering the geographical landscape, global pet wearable market is fragmented into four major regions which are the United States, European Union, China, and rest of world including Japan, India, Korea, and Southeast Asia.
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The study analyzes the global pet wearable market for segmental shares and growth opportunities. Furthermore, it provides an exhaustive understanding of trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth.
Some of the vendors that operate in the pet wearable market outlined in the report comprise of Cybortra Technology, Binatone Global, Garmin, FitBark, Garmin International, and KYON.