Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Pet Wearable Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Pet Wearable Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Pet
Wearable Market is offered.
Market
Insights:
In accordance with the report, the Pet Wearable Market is
projected to expand at a CAGR of X.X% over the period
of forecast. The global Pet Wearable
Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. A
considerable growth rate has been anticipated for the geographical study of the
global pet wearable market. So, starting in 2023, this starts the forecast's
total growth. This shows that geographic study has been done in several
locations to better understand the trends in the pet wearable market. Hence, it
can be seen that North America dominates the market and holds a sizeable
proportion of the pet wearable market. This starts the adoption of pets and
raises the disposable income of people living in North America. As a result,
different pets have avoided positions where they could be tracked and this
behaviour has been passed down from the growth in pets that lead healthy
lifestyles. The growth in acceptance of connected devices that bear the
wellness of the human body has been the main opportunity derived by the
machine, or rather the pet wearable device industry. In addition, the internet
of things has been gathered, gaining valuable data for proper growth in the
future under the direction of futuristic growth. As a result, this values the
health of the body's development and has addressed the benefit of wearable
technology's ability to connect with smartphone applications. The market's
driving forces have been eliminated, and it takes into account that the
utilisation of pet wearable technology has been anticipated within a short
period of time. As a result, the country's or rather the region's big epidemic
has been examined in light of its primary motivating causes, which include the
major participants or key players. Because of this, the key players have been
unfavourable, and GPS services have effectively dominated. This controls both
the heat pattern of the animal's body and the heat pattern that monitors the
significant growth of the sensing devices.
Research
Methodology:
To compile
the detailed study of the global Pet Wearable Market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Pet Wearable Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Pet Wearable
Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Pet Wearable Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Pet Wearable Market Compounded
annual growth rates for all segments have also been provided for 2019 to 2031. This
report is a compilation of first-hand information, qualitative and quantitative
assessment by industry analysts, inputs from industry experts and industry
participants across the value chain.
Key Segments:
Pet Wearable Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2023 to 2031, for the following segments:
Pet Wearable
Market, By Product, 2023-2031 (USD Million)
·
Smart Collar
·
Smart Vest
·
Smart Harness
Pet Wearable
Market, By Application, 2023-2031 (USD Million)
·
Identification
and Tracking
·
Fitness
Monitoring
·
Behavior
Monitoring and Control
·
Medical
Diagnosis and Treatment
Pet Wearable
Market, By Technology, 2023-2031 (USD Million)
·
RFID
·
GPS
·
Bluetooth
Report
Highlights:
The prime objective of the Pet Wearable Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Pet Wearable Market,
By Region, 2023-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Pet Wearable
Market:
·
FitBark Inc.
·
Indiegogo
Inc.
·
Tractive GmbH
·
Loc8tor Ltd
·
PawTrax
Limited
·
Dairymaster
USA Inc.
·
Whistle Labs
Inc.
·
Afimilk Ltd
(Israel)
·
IceRobotics,
Ltd (UK)
·
PetPace LLC
(US)
Pet
Wearable Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry