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Pet Wearable Market Research, In-Depth Analysis, Key Players, Applications, Forecast to 2026

Author : Ronak Bora | Published Date : 2020-09-16 

The pet wearable market is projected to amass considerable gains on account of rising concerns over pet health & safety. Pet owners nowadays are willing to spend more on tracking and identification devices that ensure their pet’s wellbeing.

With the advent of IoT and AI, pet wearables have observed tremendous technological growth in recent years. The integration of pioneering technologies like GPS and AI into these wearable devices have augmented the health tracking prospects of pets.

Owners using these devices can track their pet’s eating habits, respiratory rhythm, and sleeping patterns to learn more about their overall health. Meanwhile, GPS tracking devices can play a pivotal role in adding a security layer to pets, allowing owners to track their live location.

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With respect to product, the pet wearable market is classified into smart collar, smart vest, smart camera, and smart harness. Smart vest segment is likely to grow at a CAGR of over 23.5% due to integration of numerous technologies and sensors with pet wearables that can sense and monitor pets' behavior.

Citing an instance, a Thailand based advertising agency has generated a smart vest turning dogs into guardians of alleyways and streets in Bangkok. These smart vests are further equipped with hidden cameras, and sensors, transmitting live streaming videos when the dog barks or so.

Based on application, the pet wearable market is bifurcated into behavior monitoring & control, fitness monitoring, identification & tracking, and medical diagnosis & treatment. The identification & tracking application segment held a market share of over 40% for identifying and tracking pets' location using smartphones.

The identification & tracking not only helps in people returning a lost pet but can also lead the owner straight to the wandering pet. By way of an app one could monitor their pet's activities of where they have gone or where they are hiding. Moreover, a smart collar and smart phone both are useful to keep track of pets.

With respect to end-use, the pet wearable market is divided into commercial and household. The commercial end-use segment is likely to witness a CAGR of over 25.2% due to increasing need to monitor pets' activity, and health conditions among people.

Pet owners in Latin America are focusing on the safety and security of their pets. This is expected to propel the demand for these devices with GPS tracking and live positioning functionality. Increasing instances of pet abandonment in the region have resulted in mass awareness and stringent regulations on pet safety. For instance, Peru implemented initiatives, including a special registry for dogs and chip placement for misplaced pet search. This has further triggered the adoption of pet wearables in Latin America, particularly in Peru and Argentina.

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Major market players in the pet wearable market include Loc8tor, FitBark, Whistle Labs Inc., and IceRobotics, among others. Market players are expanding their product offerings to increase the market share. For instance, in July 2019, Whistle Labs, Inc., launched Whistle Go and Whistle Explore animal tracking devices. These devices can track the pets’ activities and inform the owner on their smartphone via Wi-Fi or Bluetooth.

Table of Contents (ToC) of the report:

Chapter 4    Pet Wearable Market, By Product

4.1    Key trends by product

4.2    Smart collar

4.2.1. Market estimates and forecast, 2016 – 2026

4.3    Smart vest

4.3.1. Market estimates and forecast, 2016 - 2026

4.4    Smart harness

4.4.1. Market estimates and forecast, 2016 - 2026

4.5    Smart camera

4.5.1. Market estimates and forecast, 2016 - 2026

Chapter 5    Pet Wearable Market, By Technology

5.1    Key trends by technology

5.2    RFID devices

5.2.1. Market estimates and forecast, 2016 – 2026

5.3    GPS

5.3.1. Market estimates and forecast, 2016 – 2026

5.4    Sensor

5.4.1. Market estimates and forecast, 2016 – 2026

5.5    Bluetooth

5.5.1. Market estimates and forecast, 2016 – 2026

5.6    Others

5.6.1. Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/pet-wearable-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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