Pet Wearables Market Trend Evaluation & Future Forecast during the Period 2018-2028 || Key Players - DOGTRA Co. Ltd., Fitbark, Petcube, Gibi technology, Tractive GmbH, Whistle Labs LLC, Garmin International
The pet wearables market consists of a wide array of products and technologies that are used for a range of applications, notably for medical diagnostics and treatment, behavior monitoring and control, safety and security, and identification and tracking. Advancements being made in various technology components, especially in RFID, is paving way for innovations in the pet wearables market. A growing number of manufacturers of pet wearables are focusing to meet the buyers’ demand by developing better location trackers and monitoring technologies that are more precise in function.
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Smart wearables have made rapid strides over the past few years, with rising use cases in various application areas. In recent years, these wearables have secured increasing presence in pets’ technologies, and they have gained considerable traction among pet owners, driving the evolution in the pet wearables market. Pet wearables are popularly being used for tracking the location of pets and monitoring their activities, with an aim to improve their safety and security. Wearable gadgets fitted with trackers are rising in demand in the pet wearable market for keeping a close track of various health aspects. The uptake of such technologies in the pet wearables market is notably fueled by the rising spending on pet technologies for monitoring the health of the pets. GPS trackers and technologies are witnessing vast prospects in the pet wearables market, especially for canines in developed nations. Their substantial demand in the market is attributed to the basic benefit of real-time pet activity captures. Over the years, GPS-enabled smart collars meant for canines have become more versatile in functionality, such as being used for pet training and their entertainment in the pet wearables market. GPS have emerged as sustainable technology in the pet wearable market for being used for ensuring the safety of pets and immunizing the risk of being stolen.
The demand for pet wearables for monitoring the various aspects can be considered in the initial stages and is still to take off in the market. However, over the coming years, the prospects are expected to get attractive among the various other application areas in the pet wearables market. In recent years, the application of pet wearables for medical diagnosis and treatment are gaining significance, especially in developed nations. The substantial spending on pets’ health monitoring technologies, especially in the U.S., is a noticeable trend in the pet wearables market. The rising incidence of obesity, especially in dogs and cats, is propelling the demand for activity monitors in the pet wearables market. Advancements in internet of things (IoT) and sensors have streamlined the collection of pets’ health data, hence proving to be a compelling proposition in the pet wearables market. The growing concern about pets’ health among owners is bolstering the demand for pet wearables for monitoring their meals and nutrition and combat errant, aggressive behavior in pets. The rising demand for feature-rich monitors for tracking the health of canines by the owners is also expanding the prospects of the pet wearables market.
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Additional Questions Answered
The report on the pet wearables market sheds light on key facets of its outlook and its several regional evolution trajectories. Some of the pertinent questions being answered in the report are:
What is the magnitude of the consumer spending in the pet wearables market and what are the factors that will be at the fore of such trends?
How far gravitating toward e-commerce channels affect the sales of pet wearables?
What trends will spur the demand for pet wearables for medical diagnosis?
What technology advancements will gain traction in the pet wearables market for application for health monitoring?
Will the rapid rise in demand for pet wearables Asia Pacific offer the shares of the North America market during the assessment period?
Competition Tracking of Pet Wearables Market
The study takes a critical look at the current competitive landscape and the factors affecting the entry barriers and the level of competition in various regions on the pet wearables market. Some of the prominent players operating in the market are DOGTRA Co. Ltd., Fitbark, Petcube, Gibi technology, Tractive GmbH, Whistle Labs LLC, and Garmin International.
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