Pet Wearable Market Size in the Asia Pacific: Technological Advancement and Growth Analysis with Forecast to 2024
Category: #Technology  By Deepak Pardhi  Date: 2019-09-11
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Pet Wearable Market Size in the Asia Pacific: Technological Advancement and Growth Analysis with Forecast to 2024

Asia Pacific pet wearable market is anticipated to grow at a substantial growth owing to the urbanization and rise in popularity of pets. Owners have a strong emotional connection with their pets, which has encouraged several service providers to develop innovative devices. With growing busy lifestyles and rising work & home pressures, large number of population in countries such as China and Japan are adopting pets to help relieve stress and as companions.

Pet wearable market has already marked its strong presence in the smart industry space with a diversified product portfolio, ranging from remote heath monitoring to video enabled engagement. For instance, WonderWoof is a Bluetooth enabled bowtie than can monitor dog’s activity by keeping a track of their movement.  Reportedly, this ground-breaking innovation is highly customized, with regards to the dogs’ gender, breed, and age and can also track the dog’s progress in terms of bone development. Not only as a fashionable quotient, the proliferation of IoT has also made a significant impact on diagnosis and medical treatments of pets, giving rise to a swarm of telemedicine apps targeted for veterinarians.

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Speaking along the similar lines, GPS based pet wearable is gaining a huge popularity, subject to its capability of monitoring real time positioning of pets. The increasing trend of GPS providers to enter into strategic partnerships with application developers to advance the mapping portals is expected to further bring a consequential transformation in pet wearable market dynamics. With sensors becoming more affordable and high-speed broadband services becoming nearly ubiquitous, IoT is poised to change the way the animal healthcare was previously approached, leaving lucrative business opportunities for pet wearable market giants.

The extensive penetration of IoT has revolutionized almost every marketplace, pet wearable industry being no exception. Wearable technology has indeed expended its application matrix beyond humans, which is quite evident from the large sales of pet wearable across the world. Statistics validating the fact- global pet wearable shipments have been claimed to exceed 5 million units in 2016, and the overall shipments is forecast to grow more than 25% over 2017-2024. Leading animal health giants are being witnessed making smart investments in this industry in sync with the latest technological innovations. Global Market Insights Inc., forecast that pet wearable market will record a valuation of USD 8 billion by the end of 2024.

Key players operating in the pet wearable market include Nedap N.V., Silent Herdsman Limited, Scollar Inc., Pet Vu Inc., DeLaval, Inc., Dairymaster, PetPace, Otto Petcare, Motorola, Ridogulous Labs, Garmin, FitBark, i4c Innovations, Tagg, Whistle Labs Inc, Loc8tor, and IceRobotics, among others. Companies are investing in R&D operations to provide affordable products to the customers with comparatively low-income levels in North America and Europe.

Browse key industry insights spread across 230 pages with 181 market data tables & 29 figures & charts from the report, “Pet Wearable Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/pet-wearable-market

Glimpse of Table of Content (ToC)

Chapter 3    Pet Wearable Market Insights

3.1    Industry segmentation

3.2    Industry landscape, 2013 - 2024

3.3    Industry ecosystem analysis

3.3.1    Component suppliers

3.3.2    Technology providers

3.3.3    Application developers

3.3.4    Manufacturers

3.3.5    Service providers

3.3.6    Distribution channel analysis

3.3.7    Distribution landscape

3.3.8    Vendor matrix

3.4    Technology & innovation landscape

3.5    Industry impact forces

3.5.1    Growth drivers

3.5.1.1    Need for remote monitoring and tracking pets in North America

3.5.1.2    Rising consciousness regarding medical diagnosis of pets in Europe

3.5.1.3    Need for obligatory RFID tagging for farm animals in Australia

3.5.1.4    Rising disposable income in Asia Pacific countries

3.5.1.5    Urbanization and rise in popularity of pets in China

3.5.2    Industry pitfalls and challenges

3.5.2.1    Power consumption and short battery life of devices

3.5.2.2    Lack of public awareness

3.6    Price trend analysis

3.6.1    Smart collars

3.6.2    Smart cameras

3.6.3    Smart harness

3.6.4    Smart vest

3.7    Regulatory landscape

3.7.1    U.S.

3.7.2    EU

3.7.3    China

3.7.4    Australia

3.7.5    Japan

3.8    Growth potential analysis

3.9    Porter’s analysis

3.10    Company landscape, 2016

3.10.1    Strategy dashboard

3.10.1    Investment landscape

3.11    PESTEL analysis

3.12    Pet industry landscape

3.12.1    Number of pets, by region, 2016

3.12.1.1    North America

3.12.1.2    Europe

3.12.1.3    Asia Pacific

3.12.1.4    Latin America

3.12.1.5    MEA

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/pet-wearable-market

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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