By 2026, Pet Wearable Market Size to cross US$12 Bn

Through rising concerns pertaining to the health & safety of pets and increasing spending on identification & tracking devices, the pet wearable market is projected to register tremendous growth over the upcoming time period. The growing IoT trend has led to the integration of tablets, smartphones, and laptops with these devices, boosting the market growth.

In 2017, reliable sources assessed that nearly 55% dogs and 60% cats in the United States were obese. Additionally, estimates also reported that nearly 10 million cats as well as dogs are lost or even stolen across the U.S. every year.

With the integration of innovative technologies like IoT, AI, and GPS-enabled trackers, the pet wearables devices have enabled pet owners to monitor the pet health data collected by these devices, based upon the eating habits, sleeping patterns, and respiratory rhythm. This has further helped the pet owners to add a security layer through GPS or other tracking systems.

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Owners using these devices can track their pet’s eating habits, respiratory rhythm, and sleeping patterns to learn more about their overall health. Meanwhile, GPS tracking devices can play a pivotal role in adding a security layer to pets, allowing owners to track their live location.

Pet wearable market in smart vest devices are observing a steady growth as it helps owners to track their pets remotely. Usually, these devices come with hidden sensors and video cameras, enhancing pet security. The vest can stream video feed to owner whenever it senses the dog bark.

This feature has influenced numerous owners to use smart vests on stray dogs in order to ensure their safety and protection. Taking March 2017 for instance, street dogs in Thailand were fitted with smart devices to safeguard them and streets from unfriendly strangers or animals.

Rising cases of missing pets have compelled pet owners to purchase advanced tracking devices. The identification & tracking segment has a broad range of applications and is expected to stimulate strong growth prospects in the pet wearable market over the forecast timeframe.

As per Pet Found by Internet (FBI), nearly two million pets are stolen annually worldwide. The incorporation of RFID solutions in pet wearables could enable easy detection of pets by placing a microchip under their skin.

Latin America could massively benefit the regional pet wearable business as more and more pet owners search for definitive alternatives to ensure their pet’s safety and security. This trend might raise the adoption of GPS tracking wearable devices that facilitate live positioning functionality.

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Besides, mounting cases of pet abandonment have impelled various local authorities to impose stern regulations on pet safety. Peru, for example, has adopted multiple initiatives such as chip placement for misplaced pet search and maintaining a special registry for dogs. This has improved the adoption rate of pet wearables across Latin America, especially across Argentina and Peru.

Table of Contents (ToC) of the report:

Chapter 5    Pet Wearable Market, By Technology

5.1    Key trends by technology

5.2    RFID devices

5.2.1. Market estimates and forecast, 2016 – 2026

5.3    GPS

5.3.1. Market estimates and forecast, 2016 – 2026

5.4    Sensor

5.4.1. Market estimates and forecast, 2016 – 2026

5.5    Bluetooth

5.5.1. Market estimates and forecast, 2016 – 2026

5.6    Others

5.6.1. Market estimates and forecast, 2016 – 2026

Chapter 6    Pet Wearable Market, By Application

6.1    Key trends by application

6.2    Medical diagnosis & treatment

6.2.1. Market estimates and forecast, 2016 – 2026

6.3    Identification & tracking

6.3.1. Market estimates and forecast, 2016 - 2026

6.4    Behavior monitoring & control

6.4.1. Market estimates and forecast, 2016 - 2026

6.5    Fitness monitoring

6.5.1. Market estimates and forecast, 2016 – 2026

Chapter 7    Pet Wearable Market, By End-Use

7.1    Key trends by end-use

7.2    Household

7.2.1. Market estimates and forecast, 2016 – 2026

7.3    Commercial

7.3.1. Market estimates and forecast, 2016 - 2026

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