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Pet Wearable Market by Growth Opportunities and Regional Trends Analysis to 2027

Pet Wearable Market by Growth Opportunities and Regional Trends Analysis to 2027

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Pet Wearable Market by Growth Opportunities and Regional Trends Analysis to 2027

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  1. Vertical Farming Market 2021 - Regional Outlook and Future Growth Insights to 2027 • Pet adoption has significantly increased across the globe over the past few years with growing awareness regarding animal care and for companionship. Various animal and rescue shelters are promoting pet adoption using social media channels such as Facebook and Instagram. To illustrate, social media campaigns like Help A Pet Day, National Adoption Weekend and Adopt a Shelter Dog Month help in increasing visibility of home for pets. Growing adoption of pets is as well stimulating investments in smart wearables for pets to keep them safe, healthy and entertained. • Considering the heightened adoption of these devices, pet wearable market is estimated to witness tremendous growth by recording an appreciable valuation of around USD 10 billion by 2027. Speaking of the pet wearable devices, smart collars are in huge demand for monitoring and tracking their location. Availability of a broad range of innovative collars, designed especially for cats and dogs is attracting pet owners to invest heftily in these products. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. To illustrate, in 2020, Whistle Labs introduced a new product- Whistle FIT designed especially for pet health and fitness. According to the company, this product is a preventive healthcare tool that utilizes its wellness program for dogs and enables the pet owners to monitor health behaviors, food intake and other activities of their pets. • Besides pet healthcare, wearable devices also play an important role in identification and tracking of the location of pets and avoid their theft. With significant rise in the cases of pet thefts, these devices are observing mounting adoption. For instance, the UK recorded an explosion in dog theft cases since the beginning of the pandemic. As per DogLost estimates, there has been a 250% rise in dog thefts since March 2020. • Such cases have instigated the adoption of more sophisticated products such as GPS based tracking devices that can offer better safety for pets. Using these devices, chances of a pet theft can be minimized drastically. GPS-enabled wearables allow pet owners to easily track their pet’s location and identify them using their smartphones. • This has urged industry players to develop products with more enhanced technology and features. For instance, in 2019, Fi launched a smart GPS dog collar on low power cell network. This technology reportedly alerts the owners of lost or escaped dogs and helps them in locating them hours before they are picked up by animal control or shelter or worse. Such developments are supporting the product adoption and further stimulating the business expansion. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/151 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • Undoubtedly, the demand for pet wearables is strongly driven by increasing rate of pet adoption globally with Asia Pacific emerging as a robust market for pet wearable industry. Thanks to rapid urbanization, growing disposable income and rising nuclear families in the region. According to the Ministry of Statistics and Programme Implementation (India) data, an Indian today makes 30% more income as compared to the income in FY2014 - 15. This is significantly driving the number of pet owners in the region. • Competitive Analysis • Key pet wearable market players include DeLaval, Inc., PetPace, Ridogulous Labs, Garmin Ltd., FitBark, Invisible Fence, High Tech Pet Products, Loc8tor, Whistle Labs, Inc., IceRobotics, Nedap, Otto Petcare, Motorola Mobility LLC, Silent Herdsman Limited, Dropcam (Nest), Dairymaster, Pet Vu, Inc., i4c Innovations, and Tagg. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Pet Wearable Market @ https://www.gminsights.com/industry-analysis/pet-wearable-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/151 Request for customization: https://www.gminsights.com/roc/151 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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