Global Pet Wearable Market Report 2019-2024: Major Players are Whistle Labs, PetPace, Garmin, FitBark, Tractive, Link AKC, Motorola, Num'Axes /EYENIMAL, KYON, Scollar, GoPRo, and Felcana
DUBLIN, Sept. 12, 2019 /PRNewswire/ -- The "Pet Wearable Market by Component (GPS Chips, RFID Chips, Sensors, Wi-Fi, Cellular, Bluetooth Chips, Processors, Memory, Displays, Batteries), Product (Smart Collars, Smart Cameras, Smart Harnesses), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The pet wearable market, in terms of value, was valued at USD 556.4 million in 2018 and is projected to reach USD 1,717.9 million by 2024; it is expected to grow at a CAGR of 19.6% from 2019 to 2024.
Pet trackers use a combination of sensors and transmitters for monitoring and recording pet activities. IoT is used in applications of animal monitoring such as location tracking, activity monitoring, health monitoring of animals, and sending data on cloud by using wireless transmission technologies. This information can help pet owners to continually monitor the health and track the movement of their pet.
Surging demand for IoT in pet tracking devices, increasing concerns toward pet health and well being, rising pet population and pet humanization are the major factors driving the growth of this market. High cost and requirement for continuous subscriptions is a major challenge faced by players in the market.
Rapid advancements in WAN and LPWAN technologies and exponential demand for pet wearables from developing countries in APAC are expected to create new opportunities for the pet wearable market.
Major players in this market include Whistle Labs (US), PetPace (US), Garmin (US), FitBark (US), Tractive (Austria), Link AKC (US), Motorola (US), Num'Axes /EYENIMAL (France), KYON (Greece), Scollar (US), GoPRo (US), and Felcana (UK).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Pet Wearable Market
4.2 Pet Wearable Market, By Product (Thousand Units)
4.3 Pet Wearable Market for Sensors, By Product (Thousand Units)
4.4 Pet Wearable Market in APAC
4.5 Pet Wearable Market, By Geography
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Surging Demand for IoT in Pet Tracking Devices
5.1.1.2 Increasing Concerns Toward Pet Health and Well Being
5.1.1.3 Rising Pet Population and Pet Humanization
5.1.1.4 Growing Expenditure on Pets Due to High Disposal Income
5.1.2 Restraint
5.1.2.1 High Power Consumption and Limited Battery Life of Pet Wearable Devices
5.1.3 Opportunity
5.1.3.1 Rapid Advancements in Wan and Lpwan Technologies
5.1.3.2 Exponential Demand for Pet Wearables From Developing Countries in APAC
5.1.4 Challenges
5.1.4.1 High Cost and Requirement for Continuous Subscriptions
6 Pet Wearable Market, By Component
6.1 GPS Chips
6.2 RFID Chips
6.3 Connectivity Integrated Circuits
6.3.1 Bluetooth Chips
6.3.2 Wi-Fi Chips
6.3.3 Cellular Chips
6.4 Sensors
6.5 Processors
6.6 Memory
6.7 Displays
6.8 Batteries
6.9 Others
7 Pet Wearable Market, By Product
7.1 Introduction
7.2 Smart Collars
7.2.1 Smart Collars Accounted for The Largest Share of The Overall Pet Wearable Market in 2018.
7.3 Smart Cameras
7.3.1 Potential of AI to Bring New Capabilities to Pet Smart Camera Market
7.4 Smart Harnesses
7.4.1 Smart Harness Expected to Grow at Highest CAGR During The Forecast Period
8 Pet Wearable Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 US Accounted for Largest Share of North American Pet Wearable Market in 2018
8.2.2 Canada
8.2.2.1 Pet Ownership is on Rise in Canada
8.2.3 Mexico
8.2.3.1 Mexico is Third-Largest Country in North American Pet Wearable Market in 2018
8.3 Europe
8.3.1 UK
8.3.1.1 Growing Dog Population Increases Demand for Pet Health and Fitness Trackers in UK
8.3.2 Germany
8.3.2.1 Increasing Trend of Pet Humanization
8.3.3 France
8.3.3.1 Higher Focus on Pet Health in France
8.3.4 RoE
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Rising Focus on Pet Ownership
8.4.2 China
8.4.2.1 China Held Largest Market Share of Pet Wearable Market in APAC
8.4.3 Australia
8.4.3.1 Australian Market is Also Trending Toward Pet Humanization
8.4.4 RoAPAC
8.5 RoW
8.5.1 South America
8.5.1.1 Rise in Pet Population Contributes to Continual Growth of Pet Wearable Industry
8.5.2 Middle East & Africa
8.5.2.1 Market in MEA is at Emerging Stage and has Significant Potential for Growth During Forecast Period
9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking Analysis: Pet Wearable Market
9.3 Competitive Situations and Trends
9.3.1 Product Launches and Developments
9.3.2 Partnerships and Collaborations
9.3.3 Acquisitions
9.4 Competitive Leadership Mapping
9.4.1 Visionary Leaders
9.4.2 Innovators
9.4.3 Dynamic Differentiators
9.4.4 Emerging Companies
10 Company Profiles
10.1 Key Players
10.1.1 Petpace
10.1.2 Garmin
10.1.3 MotoRoLA Mobiltiy (Binatone)
10.1.4 Fitbark
10.1.5 Whistle Labs
10.1.6 Tractive
10.1.7 Link AKC (WAGZ)
10.1.8 Num'axes (Eyenimal)
10.1.9 Kyon
10.2 Other Companies
10.2.1 Gopro
10.2.2 Pawbo
10.2.3 Loc8tor
10.2.4 Pod Trackers
10.2.5 Felcana
10.2.6 Scollar
10.2.7 Invoxia
10.2.8 Dogtra
10.2.9 Xiomi
10.2.10 RAWR
For more information about this report visit https://www.researchandmarkets.com/r/6yxhhq
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