Press release
Pet Wearable Market to cross $8bn by 2024 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
ResearchMoz added Latest Research Report titled " Pet Wearable Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 " to it's Large Report database.This market research study analyses the ‘Pet Wearable’ market on a global level and provides estimate in terms of revenue (USD million) from 2016 to 2024. The report segments the market based on the technologies which include Sensors, GPS and RFID. All these segments have been estimated on the basis of geography in terms of revenue (USD million). In addition, the market is segmented by applications such as medical diagnosis & treatment, behaviour monitoring & control, facilitation, safety & security, identification and tracking.
Pet wearables essentially refer to devices designed for pets, which perform crucial functions including but not limited to identification, tracking, controlling and monitoring of pets. Furthermore, with the advancementof technology pet wearable devices for enabling medical diagnosis & treatment and facilitation, safety and security is fast emerging as a popular product segment globally. These devices are designed specifically for dogs, cats and other pets and pet owners use the information generated to gauge their pet’s health conditions and whereabouts in real time. Additionally, innovative features such as setting up geo fencing for pets, setting up an alert mechanism if a pet crosses the designated geo fence, gauging the amount of rest and activity of pets have become essential features to pet wearable devices.
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The report elaborates on the type of technologies based on which pet wearable devices are designed. Primarily technologies used in the devices include (GPS) Global Positioning Systems, (RFID) Radio Frequency Identification and sensors. Moving along the study highlights the share of these technologies of the global pet wearable market. The report features the growth rate and market size of these technology segments along with the projected market sizes for the forecast period. The study also explains the factors driving or hindering the growth of individual technology segments. The study finds that the market is mainly dominated by GPS based trackers and RFID receivers however, devices equipped with temperature sensors, motion sensors and accelerometers among others, which monitor heat patterns of the animal’s body and environment and daily activity patterns such as playtime, walks, and rest duration are gaining significant demand in the global market.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Global Pet Wearable Market Snapshot
2.2 Global Pet Wearable Market Revenue, 2016 – 2024 (USD Million)
Chapter 3 Global Pet Wearable Market Analysis
3.1 Overview
3.2 Key Trends Analysis
3.3 Market dynamics
3.3.1 Drivers
3.3.1.1 Increased Pet Ownership and Expenditure
3.3.1.2 Rising Awareness
3.3.1.3 Easy Set-up Infrastructure
3.3.2 Market Restraints
3.3.2.1 Unreliable Internet Connectivity in Developing Markets
3.3.2.2 Higher Cost/ line of Wireless Technology
3.3.3 Market opportunities
3.3.3.1 Using Web Analytics to further provide value added insights
3.4 Distribution Channel Analysis
3.5 Global Pet Wearable Market Analysis, By Technology, 2016 – 2024 (USD Million)
3.6 Global Pet Wearable Market Analysis, By Application, 2016 – 2024 (USD Million)
3.6.1 Overview
3.6.2 Medical diagnosis & treatment
3.6.3 Behavior monitoring & control
3.6.4 Facilitation, safety & security
3.6.5 Identification and tracking
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