Pet Wearable Market 2024: Growth Outlook by Technology, Product, End-Use and Application

Several factors, such as short battery life and high-power consumption, are restricting the growth of pet wearable market

Pet Wearable Market is expected to exceed USD 8 billion by 2024. The adoption of cats and dogs in several households and the growing belongingness among the people for them are driving the industrial growth. These factors are encouraging the manufacturers to develop devices, which will provide special care for their health and fitness. Such devices include GPS tracker and health & fitness monitoring devices. It helps in providing special attention to the pets and tracks the record of their health regularly. Such advantages of the devices are attracting the customers to purchase the devices for their dogs or cats, ultimately growing the demand for these products in the pet wearable industry.

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The pet wearables industry research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in Units from 2013 to 2024, for the following segments:

By Technology
o RFID devices
o GPS
o Sensors
o Bluetooth
o Others
By Product
o Smart collar
o Smart camera
o Smart harness
o Smart vest
By End-Use
o Household
o Commercial
By Application
o Medical diagnosis & treatment
o Identification & tracking
o Behavior monitoring & control
o Fitness monitoring

Several factors, such as short battery life and high-power consumption, are restricting the growth of pet wearable market. The devices consist of advanced features and technologies, which require high power for operation, that account for the faster discharging of the battery. Manufacturers are targeting on this restraint to convert it into an opportunity for the company. For instance, in June 2018, Xiaomi launched Fitbit with a battery life of 30 days. Lack of awareness about these products among the consumers is also a factor hindering the growth of pet wearable market.

Integration of GPS technology into the wearable devices allows the owners to track the exact location of their pets. These technologies are getting integrated into all the wearables as an additional feature. Several manufacturers are offering these tracking devices in their offerings. Some of the products developed by the manufacturers, which are integrated with GPS technology include Whistle 3, Link AKC, Nuzzle, WUF, Kyon Pet tracker, and Fitbark. High adoption of this technology can be witnessed in the North American region. Adoption and integration of these technologies is driving the pet wearable market growth.

Smart collars accounted for a high industry share in the pet wearable market. These products are integrated with several technologies such as Wi-Fi, GPS, and mobile connectivity. Several features offered by the devices are tracking location, monitoring wellness, record activities, and remote sound & light for safety and training. Several manufacturers are providing these products with additional features to attract the customers. For instance, smart collar provided by Scollar comes with several additional features such as temperature alerts, daily care routines, and lost pet tracking. Such advantages of the devices are driving the industrial growth.

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North America accounted for the majority of industry share in the pet wearable market. High adoption of pet care products in households can be witnessed. Moreover, major players in the industry are operating in the region, which is driving the pet wearable market. Care and love for dogs and cats among the people are proving to be an opportunity for the players to target their offerings with special features and functions.

Key players operating in pet wearable market are Dropcam (Nest), Tagg, Whistle Labs, Inc., i4c Innovations, FitBark, Garmin, Otto Petcare, Invisible Fence, High Tech Pet Products, Ridogulous Labs, Silent Herdsman Limited, Motorola, Dairymaster, DeLaval, IncPetPace, Nedap, Loc8tor, Pet Vu, Inc., and IceRobotics, among others. Companies are developing their products with advanced technologies to provide value to their offering and to ensure customer satisfaction. Applications of these devices, such as tracking, medical diagnosis, and fitness monitoring, are allowing the players to target their products in the different segments of the market.

Some Points From Table Of Content: -

Chapter 4 Pet Wearable Market, By Technology
4.1 Pet wearable market share by technology, 2016 & 2024
4.2 RFID devices
4.2.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.3 GPS
4.3.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.4 Sensor
4.4.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.4.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.5 Bluetooth
4.5.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.5.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)
4.6 Others
4.6.1 Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.6.2 Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

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