Pet Wearable Market | Growth by Global Key Players: Latsen Technology Limited (Pawfit), Tractive, FitBark Inc., Garmin Ltd, KYON

The Pet Wearable Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Pet Wearable Market with its specific geographical regions.

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The Pet Wearable Market is valued at approximately USD 1,779 million in 2020 and is expected to witness a revenue of USD 2,870 million in 2026, with a CAGR of 8.49% over the forecast period (2021-2026)

Top leading Manufacturers Profiled in Pet Wearable Market Report are: Latsen Technology Limited (Pawfit), Tractive, FitBark Inc., Garmin Ltd, KYON, Loc8tor Ltd, Dogtra, PetPace Ltd, Mars Incorporated (Whistle Labs Inc.), Afimilk Ltd. (Silent Herdsman Limited)

Regional Analysis for Pet Wearable Market:

For a comprehensive understanding of market dynamics, the global Pet Wearable market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Identification and Tracking Segment, by Application, is Expected to Hold the Largest Market Share over the Forecast Period

One of the most common uses of pet wearables, such as smart collars, is tracking the whereabouts of pet animals using GPS. With the help of wearables, not only can the owners track their pets, but the devices also help other people identify pets that have strayed off and return them to their rightful owners. Owners can track the location of their pets and identify them easily within a limited time, just by using their smartphones.

According to the Lost Pets Statistics published in 2019, nearly 15 percent of cat owners and 14 percent of dog owners missed their pets in a five year period. The pets wearing an Identification ID or wearable are likely to be found and recovered. Hence, with wearables, such as the GPS tracking device, the chances of a pet getting lost or stolen may reduce drastically. Additionally, the increasing product launches with advanced features drive the studied segment. For example, in Sep 2020, Garmin Ltd., launched Alpha200i, with enhanced mapping capabilities; a larger, 3.5 sunlight-readable touchscreen display; six-button, easy operation of the dog tracking-focused user experience; and inReach satellite technology, for tracking and training of sporting dogs. Hence, given the advantages of using GPS based wearable in the identification and tracking of pets, the segment is expected to grow significantly over the forecast period.

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What is the Impact of Covid-19 Outbreak on the Pet Wearable?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Pet Wearable.
- Pet Wearable Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Pet Wearable market:

- What are the recent developments and government policies?
- What are the top trends in the Pet Wearable market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Pet Wearable market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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