Pet Wearable Market: Overview
Wearable devices help the
person track their pets' activities of daily living. They often enable tracking
of heart and cardiovascular rates, along with monitoring of burnt calories and
rest patterns. Such tools collect information on companion pets ' food intake,
which may be beneficial for owners to monitor their nutrition and well-being.
GPS trackers, RFID sensors, motion sensors, accelerometer sensors, Bluetooth,
cameras, antennas, and transmitters are forms of hardware included in wearable
devices. Wearable devices allow continuous monitoring of physical movement as
well as measuring the body's biomechanical and physiological systems. They also
enable users to capture their behavior and improve their commitment to the
Pet Wearable Market Forecast and Trends
The Pet Wearable market
anticipated reaching significant growth, with a considerable CAGR of 12.7%.
Factor such as rising disposable income, pet healthcare concern, and rising pet
healthcare expenditure driving the demand for pet wearable in the global
market. Pet wearable contribute to
tracking daily activities and monitor pet health (by data generation for food
intake, heart, and respiratory rate and patterns, and calories burnt by pets
during the day). Besides, increasing the adoption rate of IoT, coupled with
technological advancement for pet monitoring, contributing to the growth of the
pet wearable market during the forecast period. The factors mentioned above
anticipated to boost the demand with a significant growth rate in the pet
Surging Demand for IoT in
Pet Tracking Devices
IoT technology is also
inclined to play a vital role in the transmission to veterinarians and
proprietors of crucial information on animal health metrics. Combining wearable
devices, mobile apps, and data analytics technologies can be a common
alternative for value-based treatment in the coming years. Integrating IoT
software into wearable devices plays a crucial role in expanding the wearable
sector for animals. Manufacturers combine wireless sensors, data analytics,
smartphone apps, and electronic maps to help owners better train and track
their pets ' habits. Many wearable device manufacturers also provide
cloud-based data analytics tools along with their devices, which can be used to
help veterinarians diagnose and treat animals by providing relevant medical
details for decision making in real-time.
Rising Pet Population and
Both humanization and
anti-humanization encourage more significant pet care expenditure; small pets
are much more likely than larger dogs to be indulged and humanized. Besides,
demographic shifts to smaller families cause-specific customers to want a
canine or feline companion to fill the family void. Increasing revenue means
more profit for the pet to indulge. The opposite applies to animals in many
more rural settings, where anti-humanization implies that animals are treated
as well-loved animals, urging an increase in BARF diets and high-quality
High Power Consumption and
Limited Battery Life of Pet Wearable Devices
High power usage and limited
battery life are a massive challenge for the acceptance of pet wearable
devices. Most wearable devices use emerging technologies that consume a lot of
energy, such as GPS and wireless networks. Generally speaking, the battery
power of all these devices will last for a few days, and the battery will last
for less than a day in case of heavy use.
Pet Wearable Market: Technology
In 2018, the RFID software
sector held the largest market share. Use RFID results in increased
productivity visibility, reliability, and accuracy. RFID-based pet wearables
are used in tandem with sensors to monitor health-related parameters such as
pulse, temperature, HRV, location, breathing, or calorie intake across the day
continuously and accurately.
Pet Wearable Market: Smart collars
The smart pet collar is a
system that connects to a smartphone wirelessly through Wi-Fi or Bluetooth and
offers insights into animals such as their location, training activities, and
more. In comparison to the current conventional collar, it is a multi-purpose
device. This collar enables pet owners to track their pets utilizing GPS
technology, collaborate with others using an external collar LED display, and
monitor, monitor, and obtain information and alerts about your wearable pet
market. Employment rates are steadily increasing around the world, and the
demands of pet owners for smart-connected collars that facilitate them to
connect with their pets from their working environment are rising due to
exhausting lifestyle and long working hours.
Pet Wearable Market: Regional Insights
Amid geography, North
America is anticipated to hold a significant proportion of the Pet Wearable
market. As an outcome of rising pet ownership rates, increasing trends towards
pet adoption and humanization, increasing expendable income, and rising per
capita expenditure on animal health are the main drivers of the market's
growth. Over the forecast period, the United States is predicted to retain its
share of the market in the pet wearable market as a result of massive companion
animal adoption, high disposable income, and increased per capita expenditure
on animal health care.
After North America, Europe
is projected to boom the industry with substantial market share with rising pet
humanization development and growing fitness tracker demand. The involvement of
different trade groups in the pet wearable industry helps players. The People's
Dispensary for Sick Animals (PDSA), for example, in the UK, provides pets reduced
costs and free veterinary care. The growing concern for the safety and health
of animals will lead to the increased adoption of modern technologies such as
smart cameras, smart harnesses, and smart waistcoats.
Over the forecast period,
the Asia Pacific market is expected to show the highest CAGR. This market
growth attributed to increased acceptance of companion animals in countries
such as China, Australia, and India, along with increased awareness of pet
health and fitness. Emerging economies like India, in the forecast period of
2019-2025, China expected to contribute lucratively to the upcoming market.
Objective of the Study:
To analyze and forecast the
global Pet Wearable market size of the market, in terms of value.
To examine the careful market
segmentation and forecast the market size, in terms of value, based on the
regions. By segmenting the global Pet Wearable market into five regions,
namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin
America, and their leading countries.
To outline, categorized, and
forecast the global Pet Wearable market based on the component and product
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Pet Wearable market.
To highlight the impact
analysis of the factors affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
of the Report
Connectivity Integrated Circuits
By Product Type
Middle East & Africa
Motorola Mobility (Binatone)
Cybortra Technology Co. Ltd
Whistle Labs, Inc.
Otto Petcare Systems
Link AKC (WAGZ)
Other Prominent Player
Questions Answer by The Report
How will the market drivers,
restraints, and opportunities affect the market dynamics?
What will be the market size
in terms of value and volume and market statistics with a detailed
Which segment dominates the
market or region, and one will be the fastest-growing, and why?
A comprehensive survey of
the competitive landscape and the market-leading players
Critical adopted strategy
analysis by the key player and their impact on other players.
Scope for The Client
Client satisfaction is our
first and last priority, and that’s why BlueWeave Consulting offers
customization according to company’s specific needs. The following
customization options are available for the report:
With five additional company
Additional country analysis
Detailed segment analysis