Rising Trend of Pet Humanization and Increasing Awareness for Pet Health Drives Pet Wearable Market Growth: Analysis and Forecast till 2029

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Pet Wearable Market

Pet Wearable Market is expected to reach US $ 6.95 Bn by 2029, at a CAGR of 14.3% during the forecast period.

Market Overview

The global market intelligence and business consulting firm Maximise Market Research recently published a report on Pet Wearable market in which it indicates the expected growth of the Pet Wearable market in forecast period by 2029. MMR have clients across the globe in more than 34 countries and has served more than 600 clients since 2017.

By transferring information to a central server across networks like Bluetooth, RFID, and WLAN, pet wearables help to strengthen connections. The Internet of Things (IoT) links billions of connected sensors and connected devices to create new marketable applications. Tablets, laptops, and smartphones are the main systems that connect people to systems. IoT systems currently use inexpensive, energy-efficient wireless sensor nodes that were further influenced. They have power management and low power radio systems for continuous operation. Wearables for intelligent pets are only one area where IoT technology have become indispensable.

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Market Scope

In the report the forecast period is considered from 2021 to 2029 with the base year as 2021. The report indicates the market size in terms of value and volume that is estimated on real numbers and outputs of the key players across the globe. The report is an in-depth analysis of the Pet Wearable market and the market segmentation. The report assists the readers to analyse the competitive landscape of prominent firms and the new entrants in the Pet Wearable market.

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Segmentation

The pet wearable market can be divided into GPS and RFID Sensors based on technology type. According to estimates, use of RFID tags will dominate this industry. The market has been dominated by the growing trend since 2021, and by the end of 2022, its market share is expected to slightly fall. Two RFID tag intended frequencies are low frequency (LF) and ultra-high frequency (UHF). Animal monitoring is a crucial application for LF RFID, because UHF-based RFID tags continuously record readings of a pet’s daily activity.

The pet wearable market is divided into five categories based on application: identification and tracking, facilitation, safety & security, and behaviour monitoring & control. By the end of 2022, the tracking segment is anticipated to increase rapidly. There is a high need for tracking collars that work with Smartphone applications. This was attributed to the advantages of being able to instantly locate pets and regularly monitor their activity.

Geographically, the pet wearable market is divided into South America, North America, Europe, Asia Pacific, the Middle East & Africa, and the rest of the world. Over the course of the forecast, North America is anticipated to dominate the pet wearable market. The presence of significant market players operating in this region, rising government spending on the veterinary business, and a well-developed pet healthcare infrastructure can all contribute to growth. There are more people who keep pets in nations like India and Chain, and Asia Pacific has a sizable revenue share of the global pet wearable market.

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Key Players

  • Whistle Labs Inc.
    • PetPace Ltd.
    • Nedap N.V.
    • Loc8tor Ltd.
    • DeLaval Inc.
    • FitBark
    • i4C Innovations
    • Tractive
    • Binatone Global
    • Cybortra
    • Garmin
    • KYON
    • PawsCam
    • PawTrax
    • Pet Vu
    • Petcube
    • Petrek Australia

Regional Analysis

In-depth investigations of the Pet Wearable market on a regional basis can be seen in the report. The government initiatives in the sector and regulations and rein in rising expenses drive the Pet Wearable market growth in the region. The geographic condition of the Pet Wearable market and in-depth analysis of business network structure and opportunities and new updates of market are included in the report.

Key Questions answered in the Pet Wearable Market Report are:

  • What is Pet Wearable Market?
  • What is the forecast period of the Pet Wearable Market?
  • What is the competitive scenario of the Pet Wearable market?
  • Which region held the largest market share in the Pet Wearable Market?
  • What are the opportunities for the Pet Wearable Market?
  • What factors are affecting the Pet Wearable market growth?
  • Who are the key players of the Pet Wearable market?
  • Which company held the largest share in the Pet Wearable market?
  • What will be the CAGR of the Pet Wearable market during the forecast period?
  • What key trends are likely to emerge in the Pet Wearable market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Pet Wearable
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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