Pet Tech Market To Drive Amazing Growth By 2025 | Top key players are Actijoy Solution, All Home Robotics, CleverPet, DOGVACAY, Felcana, Fitbark, Garmin, GoPro, IceRobotics, iFetch, Invoxia, Konectera, Loc8tor, Lupin

North America pet tech market held more than 55% of the industry share in 2018 and will experience steady growth due to the increase in the adoption of technological solutions in the household sector. It has been observed that major changes in pet ownership are in the pipeline due to the advent of technological and cultural change.

Global pet tech market is slated to amass lucrative proceeds in the upcoming years, on account of surging adoption of the artificial intelligence and Internet of Things technology inspired pet care solutions across the globe. The burgeoning desire of pet owners to simplify and automate an array of pet related tasks such as cleaning litter, medication, feeding, safety, communication, entertainment, and movement tracking has expanded the application landscape of pet technology. A number of companies operating in this industry are focusing on creating reliable, flexible, and sophisticated pet tech solutions to ease the life of pets and their owners.

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Pet tech market trends are anticipated to depict a rapid transformation owing to the rising prevalence of pet e-commerce and advent of products with tech enabled services that lead to the pets’ enhanced wellbeing and security.

Nowadays pet owners are looking for novel approaches to keep their pet happy and healthy which would further substantially influence pet tech industry outlook over the forecast period.
Household is a leading end use sector augmenting global pet tech market trends due to surging adoption of pets by households across the globe. According to estimates by the American Society for the Prevention of Cruelty to Animals (ASPCA), 85.8 million cats and 78 million dogs are owned in the United States. Furthermore, approximately 35% of all households in the United States have a cat as pet, and 44% households have a dog, making cats and dogs the most adopted animal species. Increasing concerns of the pet owners towards the safety, health, and security of pets is encouraging the development of household pet tech industry size.

Pet owners often have to leave their pets alone at home and the newly evolved trend of digital daycare for the home alone pets is an ideal solution for separation anxiety, both for parents and their pets. According to a credible study, approximately 80 percent millennial pet parents worry about their pets while they are away from them.

To counter this problem, CleverPet Hub, which is world’s first gaming console for dogs, engages pets in an enticing gaming experience involving touch pads that illuminate and make sound as pet solves game levels with a treat administered every time the right answer is pressed. As per Global Market Insights, Inc., these smart pet products are anticipated to proliferate pet tech market size, with North America market capturing over 55 percent of the industry share in 2018.
Other factors that are slated to advance pet tech market forecast are surging disposable income in APAC nations, increasing number of pet technology start-ups, introduction of technically innovative products, and burgeoning awareness regarding smart pet products.

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Glimpse of Table of Content (ToC): -
Chapter 5. Pet Tech Market, By Application (Revenue & Shipments)
5.1. Key trends by application
5.2. Pet healthcare
5.2.1. Market estimates and forecast, 2015 – 2025
5.3. Pet owner convenience
5.3.1. Market estimates and forecast, 2015 – 2025
5.4. Communication & entertainment
5.4.1. Market estimates and forecast, 2015 – 2025
5.5. Pet safety
5.5.1. Market estimates and forecast, 2015 – 2025
Chapter 6. Pet Tech Market, By End-Use (Revenue & Shipments)
6.1. Key trends by end-use
6.2. Household
6.2.1. Market estimates and forecast, 2015 – 2025
6.3. Commercial
6.3.1. Market estimates and forecast, 2015 – 2025
Chapter 7. Pet Tech industry, By Distribution Channel (Revenue & Shipments)
7.1. Key trends by distribution channel
7.2. Physical pet store
7.2.1. Market estimates and forecast, 2015 – 2025
7.3. Online-only retailer
7.3.1. Market estimates and forecast, 2015 – 2025
7.4. Physical mass merchant store

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