Pet Wearable Market Growth by Key Players: Tagg, Dropcam, Whistle Labs Inc., i4c Innovations, FitBark, Garmin, Ridogulous Labs, Motorola, Dairymaster, DeLaval, Inc., Otto Petcare, PetPace, Nedap, Loc8tor

Market Overview:-

Pet Wearable Market was estimated to be over USD 1 billion by 2016 with the industry growth pegged at a CAGR of over 20% during the forecast timeframe. Rise in adoption of pets coupled with increase in disposable incomes in several North American households is anticipated to drive the pet wearable market over the coming years. Over 60% of the American homes own either a cat or a dog. The owners have increased their expenditure on pets by investing in wearable devices, as they help remotely monitor and control the pet’s health and fitness.

Growing interest for security & wellbeing of pets, and ongoing developments in mapping portals with the infiltration of smart devices will stimulate the GPS enabled devices in the pet wearable market. Wearable technology is changing the lives of both pets and their owners, with mobile apps at the center of the industry. From GPS tracking to RFID implants, the usage of mobile apps and wearable technology in pet industry is providing innovative security and safety solutions to owners and their pets.

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Top Key Players:-

Key players operating in the pet wearable market include Nedap N.V., Silent Herdsman Limited, Scollar Inc., Pet Vu Inc., DeLaval, Inc., Dairymaster, PetPace, Otto Petcare, Motorola, Ridogulous Labs, Garmin, FitBark, i4c Innovations, Tagg, Whistle Labs Inc, Loc8tor, and IceRobotics, among others. Companies are investing in R&D operations to provide affordable products to the customers with comparatively low-income levels in North America and Europe.

Regional Segmentations: -

Asia Pacific pet wearable market is anticipated to grow at a substantial growth owing to the urbanization and rise in popularity of pets. Owners have a strong emotional connection with their pets, which has encouraged several service providers to develop innovative devices. With growing busy lifestyles and rising work & home pressures, large number of population in countries such as China and Japan are adopting pets to help relieve stress and as companions.

Major Companies Include in Pet Wearable Market in terms of Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis

1. Dairymaster
2. DeLaval
3. DogTelligent
4. Fitbark
5. Garmin Ltd.
6. GEA Group Aktiengesellschaft
7. GoPro
8. i4C Innovations
9. IceRobotics
10. Konectera
11. Loc8tor
12. Motorola
13. Otto Petcare
14. Nedap N.V.
15. PetPace LLC
16. Pet Vu, Inc.
17. Pod Trackers
18. Ridogulous Labs, Inc.
19. Silent Herdsman Limited
20. Tractive
21. Whistle Labs LLC
22. WÜF

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Moreover, the pet wearable market is anticipated to witness high growth over the coming years, owing to rising concerns regarding pet health. The pet industry has started to leverage trends in human fitness & health owing to the growing interest in monitoring pet health to supporting safe implementation of health regimes, such as weight reduction & control feeding.

Demand for pet care is increasing resulting in the increasing demand for highly specialized premium products and services in the pet wearable market. Growing implementation and usage of wearable diagnostics devices for pets will drive the industry growth. Tagging of commercial and household pets for medical purposes will gain significance and momentum.

The RFID based devices accounted for over 30% revenue share in 2016. The growing trend of implementing RFID tags for dairy animals and pet tracking is a vital factor driving the RFID demand in the pet wearable market. These devices are designed for ultra-high and low frequencies, and are used in continuously recording readings of a pet's daily activities and for animal tracking respectively.

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