Dublin, Jan. 14, 2021 (GLOBE NEWSWIRE) -- The "Pet Wearables Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering.
The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.
Pet wearables are primarily smart trackers and monitors embedded into small gadgets that can be worn by pets. Pet wearables are widely used across the world for applications such as pet tracking, health monitoring, and emergency notifications. Pet wearables make use of various technologies including global positioning systems (GPS), radio frequency identification (RFID), sensors (proximity sensors, accelerometers, temperature and pressure sensors, heart rate monitors, etc.), Bluetooth, and cellular connections, among others. Thereby, with the incorporation of several technologies, pet wearable manufacturers are able to offer a wide array of applications to their consumers.
One of the major factors driving the growth in the pet wearables market is the technological advancements in communication and sensor technologies. The increasing popularity of wearable technology for humans has paved the way for various wearable products for pets. In addition, with decreasing costs for various sensors, pet wearable manufacturers have been able to incorporate numerous features and functions into singular products at affordable prices.
Other technological factors resulting in higher adoption of pet wearable technology include growing demand for smart connected homes. Consumers from most of the developed markets in the North America and Europe region demand interconnectivity between various home systems enabling the inclusion of pet monitoring and feeding systems. In addition, an increasing number of people are spending more time at home with their pets during the ongoing COVID-19 pandemic, resulting in increasing expenditure towards overall pet products.
With decreasing costs of various sensors coupled with increasing demand for pet health monitoring solutions, the sensors segment is expected to witness the fastest growth during the forecast period from 2020 to 2028. The usage of various types of sensors enables pet owners to monitor and track numerous health aspects of their pets and gain useful insights pertaining to their fitness and physical wellbeing. Thereby, pet wearables are expected to witness the growing incorporation of sensors in the following years.
In 2019, North America represented the largest market for pet wearables, in terms of revenue. The demand for pet wearables technology in the region is primarily supported by the higher adoption of sophisticated technology in the region. Furthermore, the region is also home to some of the leading manufacturers and providers of pet wearable technology across the world. Europe followed North America in the overall pet wearables market globally in 2019. Factors such as higher technological awareness coupled with the rising trends for smart homes have fuelled the demand for pet wearables in the region.
The Asia Pacific region held the third position in the overall pet wearables market across the world. Factors such as lower local innovations and late adoption among consumers in the region have resulted in the lower revenue share from the Asia Pacific regions. However, with rising disposable incomes and the increasing availability of advanced products, the region is expected to witness the fastest growth during the forecast period from 2020 to 2028.
Some of the leading countries in the region driving the market growth in the following years include China, Hong Kong, Japan, South Korea, and Singapore, among others.
Key Topics Covered:
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Pet Wearables Market
2.2 Global Pet Wearables Market, By Technology
2.3 Global Pet Wearables Market, By Product
2.4 Global Pet Wearables Market, By Geography
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Pet Wearables Market Revenue and Growth, 2018 - 2028, (US$ Mn) (Y-o-Y %)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.4.1 Impact Analysis of Drivers and Restraints
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies adopted by the Leading Players
Chapter 4 Global Pet Wearables Market Analysis, By Technology
4.1 Market Analysis
4.5 Others (Bluetooth, Cellular, etc.)
Chapter 5 Global Pet Wearables Market Analysis, By Product
5.1 Market Analysis
5.2 Smart Tags
5.3 Smart Collars
5.4 Smart Vests
Chapter 6 North America Pet Wearables Market Analysis
Chapter 7 Europe Pet Wearables Market Analysis
Chapter 8 Asia Pacific Pet Wearables Market Analysis
Chapter 9 Rest of the World (RoW) Pet Wearables Market Analysis
Chapter 10 Company Profiles
10.2 Loc8tor Ltd.
10.3 PetPace Ltd.
10.4 Whistle Labs Inc.
10.5 Pitpatpet Ltd.
10.6 DOGSTAR LIFE
10.7 Fetch (GoPro, Inc.)
10.8 INUPATHY, Inc.
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