DUBLIN, January 24, 2022--(BUSINESS WIRE)--The "Pet Wearable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global pet wearable market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 13% during 2021-2026.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Pet wearables are devices that pet parents use to monitor the physiological and biomechanical activities of their pets. These wearables are manufactured using advanced technologies, such as radio-frequency identification (RFID), internet of things (IoT), global positioning system (GPS) trackers, Bluetooth sensors, cameras, transmitters and antennas, to ensure the safety of the pets.
They record health metrics, such as pulse, respiration, body temperature, calories burnt, rest patterns, food intake and heart rate variability (HRV), which can assist a doctor in providing adequate treatment to the pets.
Global Pet Wearable Market Trends and Drivers
The growing trend of pet humanization, along with the increasing concerns among pet parents about the well-being of their pets, represents one of the key factors influencing the demand for pet wearables positively. Apart from this, owing to the rising cases of lost and stolen pets, pet owners are increasingly spending on pet wearables to identify their real-time location.
Furthermore, leading players are offering Wi-Fi-enabled RFID devices to provide controlled monitoring of pets remotely. They are also incorporating cloud-based and data analytics services that allow pet owners to store medical records on the cloud and set goals or reminders. Besides this, they are collaborating and forming alliances with other organizations to introduce innovative products.
For instance, FitBark Inc., a US-based consumer electronics firm, partnered with FitBit Inc., a renowned manufacturer of human health and fitness devices, to monitor daily activities of dogs and their owners simultaneously, such as the distance covered and calories burned during a walk.
Key Questions Answered in This Report
How has the global pet wearable market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global pet wearable market?
What is the breakup of the market based on the product?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global pet wearable market and who are the key players?
What is the degree of competition in the industry?
The report has also analysed the competitive landscape of the market with some of the key players being
Cybortra Technology Co. Ltd.
High Tech Pet Products Inc.
Invisible Fence Inc. (Radio Systems Corporation)
Tractive and Whistle Labs Inc. (Mars Inc.)
Key Market Segmentation
Breakup by Product
Breakup by Technology
Breakup by Application
Identification and Tracking
Monitoring and Control
Medical Diagnosis and Treatment
Facilitation, Safety and Security
Breakup by End-user
Breakup by Distribution Channel
Breakup by Region
Middle East and Africa
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Pet Wearable Market
6 Market Breakup by Product
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by End-user
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/idkimb
View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005453/en/
Laura Wood, Senior Press Manager
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