Press release
At A CAGR Of 16.38% Global Pet Wearable Industry Will Grow Steadily During The Period 2016-2020
Smart pet tracking is a connected solution that provides security to pets. Smart pet tracking powered by pet wearable devices allows pet parents keep a tab on their pet's activity and location from the smartphone application. Millions of households are using these devices for their pets as the cost of these devices and the cost of remote monitoring services are inexpensive. Also, technologies such as Bluetooth, ZigBee, and Wi-Fi are used to provide tracking and monitoring solutions in pet wearable market. Global positioning system (GPS) technology embedded in pet wearable devices can provide efficient and accurate information for tracking animals. A few pet tracker devices are embedded with a speaker that enables the pet parent to remotely provide voice instructions to the pet whenever required.
Technavios analysts forecast the global pet wearable market to grow at a CAGR of 16.38% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pet wearable market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of pet wearable devices such as GPS pet trackers and other pet related smart accessories, application and platform licensing fee, and communication service providers for offering continuous tracking and monitoring services.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Pet Wearable Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
FitBark
i4C Innovations
Whistle Labs
PetPace
Other prominent vendors
Binatone Global
Cybortra
Garmin
KYON
Loc8tor
PawsCam
PawTrax
Pet Vu
Petcube
Petrek Australia
Pettorway
Pitpatpet
Pod Trackers
Trackimo
Tractive
Wondermento
WTS - Wonder Technology Solutions
Market driver
Increased consumer expenditure on pet care activity
For a full, detailed list, view our report
Market challenge
High power consumption of devices
For a full, detailed list, view our report
Market trend
Increased crowdfunding sources
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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