Pet Wearables Market | In-Depth Analysis with Booming Trends Supporting Growth and Forecast till 2025 Key Players – Fitbark, IceRobotics, Fetch (GoPro), Tractive, Mars (Whistle Labs), Otto Petcare Systems, PetPace LLC, Pitpatpet, Inupathy, Loc8tor, Moto

Adroit Market Research has announced the addition of the “Global Pet Wearables Market Size Status and Forecast 2025”, The report classifies the global Pet Wearables in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Pet Wearables Speaker market, analyzes and researches the Pet Wearables Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This report focuses on the top players in global market, like Fitbark, IceRobotics, Fetch (GoPro), Tractive, Mars (Whistle Labs), Otto Petcare Systems, PetPace LLC, Pitpatpet, Inupathy, Loc8tor, Motorola

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The global pet wearables market size is expected to reach USD 4.14 billion in 2025 owing to rising awareness of pet wellbeing among the consumers across the world. Growing concerns about the animal health and diseases, mainly in cats and dogs, have propelled the demand for pet wearables globally. Additionally, growth in demand for sophisticated technology among the tech savvy consumers coupled with willingness to spend on pets will drive the global pet wearables market.

Over the years, there has been a substantial advancement in wireless communication & mobile technologies which has given birth to the Internet of Things (IoT). These technology can be used to track and monitor the pets by simply using smartphones which collect data signals from the sensors, RFID or the GPS device that are tagged to the pets. Hence, the pet owners can track the location of the pet if it is lost and also, can monitor the health and diseases on the fly. These advantages will have a positive impact on the growth of the overall pet wearables market.

Based on the application, the global pet wearables market is segmented into four categories: medical diagnosis & treatment, safety & security, behavior monitoring & control and facilitation, identification & tracking. Medical diagnosis & treatment segment is expected grow with the highest CAGR of 16.7% from 2018 to 2025, due to the decreasing cost of sensor technology, which forms the most important part in the wearable devices. Also, the growing concerns of obesity among dogs and cats causing various diseases, will contribute to the growing demand of medical diagnosis & treatment using pet wearables and will eventually, drive the global pet wearables market.

Based on the technology, the global pet wearables market is divided into three categories: RFID, GPS and sensors. In 2017, RFID had the highest market share followed by GPS and sensors. Sensors are projected to have the highest growth within the pet wearables market because of their growing number of applications for health & disease monitoring.

Key segments of the global pet wearables market

Application Overview, 2015-2025 (USD million)
• Identification & Tracking
• Behaviour Monitoring & Control
• Facilitation, Safety & Security
• Medical Diagnosis & Treatment

Technology Overview, 2015-2025 (USD million)
• RFID
• GPS
• Sensors

Regional Overview, 2015-2025 (USD million)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle-East & Africa

Geographically, Asia-Pacific region is anticipated to grow with the highest growth rate of 17.9% during the forecast period of 2018-2025 due to growing economies of scale and growing expenditure of consumers on pets.

Reasons for the study

• The purpose of the study is to give an exhaustive outlook of the global pet wearables industry.
• Rapid growth in technological advancements have led to the rise of new communication technologies which are dynamic and provides the customer with a meaningful proposition.
• While studying the pet wearables market, we observed that the demand for its products was tremendous in developing countries
• All the major players have their presence across the globe. The companies, as a strategic step are offering innovative services to meet the market demand.

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