Pet Wearable Market Size, Industry Overview, Growth, Trends, Opportunities and Forecast Till 2026

According to the latest report by IMARC Group, titled "Pet Wearable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global pet wearable market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 13% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Pet wearables refer to devices that comprise sensors to monitor various activities of pets. Some of the most commonly used wearable products include smart vest, collar and harness that are integrated with numerous advanced technologies, such as global positioning system (GPS) and radio-frequency identification (RFID). Apart from being used by pet parents for tracking, identification and controlling the movement of their pets, these devices are used to record their health metrics, including pulse, respiration, food intake, body temperature and rest patterns, that assist in efficient medical diagnosis and treatment.

Market Trends and Drivers:

The pet wearable market is primarily driven by the rising trend of pet humanization across the globe. This, coupled with the inflating disposable income levels of individuals, has led numerous pet owners to adopt these wearables to monitor the well-being of their pets. There has also been an increasing need to track their real-time location due to the rising cases of lost and stolen pets, thereby creating an escalating demand for advanced pet wearables that are equipped with GPS and Wi-Fi-enabled RFID technology. These variants are widely being integrated with cloud-based and data analytics solutions to offer innovative feature to the users. This, in turn, is creating a positive outlook for the market further.

Pet Wearable Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the pet wearable market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

PetPace Ltd.
FitBark Inc.
Motorola (Lenovo)
Whistle Labs Inc. (Mars Inc.)
Cybortra Technology Co. Ltd.
Garmin Ltd.
High Tech Pet Products Inc.
Loc8tor Ltd.
Invisible Fence Inc. (Radio Systems Corporation)

Key Market Segmentation:

The report has segmented the global pet wearable market on the basis of product, technology, application, end user, distribution channel and region.

Breakup by Product:

Smart Collar
Smart Vest
Smart Harness
Smart Camera
Others

Breakup by Technology:

GPS
RFID
Sensor
Others

Breakup by Application:

Identification and Tracking
Monitoring and Control
Medical Diagnosis and Treatment
Facilitation, Safety and Security

Breakup by End-User:

Household
Commercial

Breakup by Distribution Channel:

Modern Trade
Franchised Outlets
Specialty Stores
E-Commerce
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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