Pet Wearable Market Research Report - Global Forecast to 2024

Global Pet Wearable Market Research Report by Product (Smart Collar, Smart Vest, Smart Harness), Technology (RFID, GPS, Bluetooth), Application (Identification and Tracking, Fitness Monitoring, Behavior Monitoring and Control, and Medical Diagnosis and Treatment), Region—Forecast till 2024

ID: MRFR/SEM/6273-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


The global pet wearable market was valued at USD 895.4 million in 2017 and is expected to reach USD 1,611.0 million by the end of the forecast period at a CAGR of 10.6%.


Pet wearable is a device that can be worn by animals either in the form of a collar, a tag, or a vest. These wearable devices operate on RFID, GPS or close proximity wireless connectivity such as Bluetooth. Pet wearable devices are used to identify and track the location of the pets, monitor their health, and detect  behavioral changes in the pets. Pet wearable devices are expected to show significant growth during the forecast period. The major factor contributing to the growth of pet wearable devices is the growing awareness about their health and well-being, and the rising need for monitoring and tracking the movement of the pets. These wearable devices can be linked with a smartphone application to keep a record of the data gathered from pets for further analysis. Moreover, the increased adoption of connected devices and the Internet of Things (IoT) helps in gathering data and gaining meaningful insights. However, limited awareness about pet wearable devices and lack of medical and healthcare attention for animals in rest of the world and Asian region poses a challenge for the market growth.


Key Developments



  • April 2019, Peeva, LLC, a technology company engaged in the tracking of missing pets using RFID tags, partnered with Covetrus, a veterinary service company, to provide a universal platform with a single point of integration, to enable companies and organizations to provide innovative services in terms of pet tracking.

  • April 2019, Merck acquired Antelliq Corporation, a livestock and pet care company. The acquisition aims at making Merck a global leader in animal health and digital tracking. The acquired company— Antelliq—would be operating as a unit under the Animal Health division of Merck


Segmentation


The global pet wearable market has been segmented based on product, technology, application, and region.


By product, the pet wearable market has been segmented into smart collar, smart vest, smart harness, and others.


By technology, the pet wearable market has been segmented into RFID, GPS, Bluetooth, and others.


By application, the pet wearable market has been segmented into identification and tracking, fitness monitoring, behavior monitoring and control, and medical diagnosis and treatment.


By region, the pet wearable market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global market for pet wearable is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of the pet wearable market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).


Among the regions mentioned above for the study of pet wearable market, North America dominates the market holding a significant market share. The factors contributing to the growth of pet wearable market in North America is the rise in adoption of pets along with increased disposable incomes of North American residents. In countries such as the US and Canada, various pet shows and events are organized to promote a healthylifestyle for the pets. As these devices are capable of tracking, and monitoring the pets’ activities, thus  ensuring the wellbeing of the pets.


Global Pet Wearable Market, USD Million
Pet Wearable Market


 Source: MRFR Analysis


Competitive landscape


The companies operating in pet wearable market are primarily focusing on improving their supply chain and distribution channel along with organic growth strategies, under which they focus on  investing highly in research and development for the launch of new products. However, not many inorganic strategies are being adopted by the companies as the market is highly segregated under different applications.


Key Players


The key players in the pet wearable market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are FitBark Inc. (US), Indiegogo Inc. (US), Tractive GmbH (Austria), Loc8tor Ltd (UK), PawTrax Limited (UK), Dairymaster USA Inc. (US), Whistle Labs Inc. (US), Afimilk Ltd (Israel), IceRobotics, Ltd (UK), and PetPace LLC (US). These players contribute significantly to market growth.


Intended Audience



  • System Integrators

  • OEMs/ODMs

  • Electronic Component Manufacturers

  • Material Providers

  • Resellers and Distributors

  • Advisory Firms

  • Consulting Firms

  • Research Institutes and Organizations

  • Technology Standards Organizations



Frequently Asked Questions (FAQ) :


The global pet wearables market is flourishing and expected to acquire nearly USD 1611 million by the end of the forecast period.

The global pet wearables market is expected to mature at an approximate CAGR of 10.6% through the review period.

The primary factor backing to the growth of pet wearable devices is the growing awareness about their health and well-being.

On the basis of the product, the smart collar is poised to witness substantial growth.

North America is expected to dominate the pet wearable market in terms of revenue generation, and acquire a substantial market value over the forecast period.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of Pet Wearable Market

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis


7 Pet Wearable Market, by Product

7.1 Introduction

7.2 Smart Collar

7.2.1 Market Estimates & Forecast, 2019–2024

7.3 Smart Vest

7.3.1 Market Estimates & Forecast, 2019–2024

7.4 Smart Harness

7.4.1 Market Estimates & Forecast, 2019–2024

7.5 Others

7.5.1 Market Estimates & Forecast, 2019–2024

8 Pet Wearable Market, by Technology

8.1 Introduction

8.2 RFID

8.2.1 Market Estimates & Forecast, 2019–2024

8.3 GPS

8.3.1 Market Estimates & Forecast, 2019–2024

8.4 Bluetooth

8.4.1 Market Estimates & Forecast, 2019–2024

8.5 Ohers

8.5.1 Market Estimates & Forecast, 2019–2024

9 Pet Wearable Market, by Application

9.1 Introduction

9.2 Identification and Tracking

9.2.1 Market Estimates & Forecast, 2019–2024

9.3 Fitness Monitoring

9.3.1 Market Estimates & Forecast, 2019–2024

9.4 Behavior Monitoring and Control

9.4.1 Market Estimates & Forecast, 2019–2024

9.5 Medical Diagnosis and Treatment

9.5.1 Market Estimates & Forecast, 2019–2024

10 Pet Wearable Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2019–2024

10.2.2 Market Estimates & Forecast, by Product, 2019–2024

10.2.3 Market Estimates & Forecast, by Technology, 2019–2024

10.2.4 Market Estimates & Forecast, by Application, 2019–2024

10.2.5 US

10.2.5.1 Market Estimates & Forecast, by Product, 2019–2024

10.2.5.2 Market Estimates & Forecast, by Technology, 2019–2024

10.2.5.3 Market Estimates & Forecast, by Application, 2019–2024

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, by Product, 2019–2024

10.2.6.2 Market Estimates & Forecast, by Technology, 2019–2024

10.2.6.3 Market Estimates & Forecast, by Application, 2019–2024

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Product, 2019–2024

10.2.7.2 Market Estimates & Forecast, by Technology, 2019–2024

10.2.7.3 Market Estimates & Forecast, by Application, 2019–2024

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2019–2024

10.3.2 Market Estimates & Forecast, by Product, 2019–2024

10.3.3 Market Estimates & Forecast, by Technology, 2019–2024

10.3.4 Market Estimates & Forecast, by Application, 2019–2024

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, by Product, 2019–2024

10.3.5.2 Market Estimates & Forecast, by Technology, 2019–2024

10.3.5.3 Market Estimates & Forecast, by Application, 2019–2024

10.3.6 France

10.3.6.1 Market Estimates & Forecast, by Product, 2019–2024

10.3.6.2 Market Estimates & Forecast, by Technology, 2019–2024

10.3.6.3 Market Estimates & Forecast, by Application, 2019–2024

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, by Product, 2019–2024

10.3.7.2 Market Estimates & Forecast, by Technology, 2019–2024

10.3.7.3 Market Estimates & Forecast, by Application, 2019–2024

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, by Product, 2019–2024

10.3.8.2 Market Estimates & Forecast, by Technology, 2019–2024

10.3.8.3 Market Estimates & Forecast, by Application, 2019–2024

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, by Product, 2019–2024

10.3.9.2 Market Estimates & Forecast, by Technology, 2019–2024

10.3.9.3 Market Estimates & Forecast, by Application, 2019–2024

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2019–2024

10.4.2 Market Estimates & Forecast, by Product, 2019–2024

10.4.3 Market Estimates & Forecast, by Technology, 2019–2024

10.4.4 Market Estimates & Forecast, by Application, 2019–2024

10.4.5 China

10.4.5.1 Market Estimates & Forecast, by Product, 2019–2024

10.4.5.2 Market Estimates & Forecast, by Technology, 2019–2024

10.4.5.3 Market Estimates & Forecast, by Application, 2019–2024

10.4.6 India

10.4.6.1 Market Estimates & Forecast, by Product, 2019–2024

10.4.6.2 Market Estimates & Forecast, by Technology, 2019–2024

10.4.6.3 Market Estimates & Forecast, by Application, 2019–2024

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Product, 2019–2024

10.4.7.2 Market Estimates & Forecast, by Technology, 2019–2024

10.4.7.3 Market Estimates & Forecast, by Application, 2019–2024

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, by Product, 2019–2024

10.4.8.2 Market Estimates & Forecast, by Technology, 2019–2024

10.4.8.3 Market Estimates & Forecast, by Application, 2019–2024

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Country, 2019–2024

10.5.2 Market Estimates & Forecast, by Product, 2019–2024

10.5.3 Market Estimates & Forecast, by Technology, 2019–2024

10.5.4 Market Estimates & Forecast, by Application, 2019–2024

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, by Product, 2019–2024

10.5.5.2 Market Estimates & Forecast, by Technology, 2019–2024

10.5.5.3 Market Estimates & Forecast, by Application, 2019–2024

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, by Product, 2019–2024

10.5.6.2 Market Estimates & Forecast, by Technology, 2019–2024

10.5.6.3 Market Estimates & Forecast, by Application, 2019–2024

11 Competitive Landscape

12 Company Profiles

12.1 FitBark Inc.

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Indiegogo, Inc.

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Tractive GmbH

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Loc8tor Ltd

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 PawTrax Limited

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Dairymaster USA Inc.

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Whistle Labs, Inc.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 Afimilk Ltd

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 IceRobotics, Ltd

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 PetPace LLC

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

13 Conclusion

LIST OF TABLES
Table 1 Global Pet Wearable Market, by Product, 2019–2024

Table 2 Global Pet Wearable Market, by Technology, 2019–2024

Table 3 Global Pet Wearable Market, by Application, 2019–2024

Table 4 Global Pet Wearable Market, by Region, 2019–2024

Table 5 North America: Pet Wearable Market, by Country, 2019–2024

Table 6 North America: Pet Wearable, Market, by Product, 2019–2024

Table 7 North America: Pet Wearable Market, by Technology, 2019–2024

Table 8 North America: Pet Wearable, Market, by Application, 2019–2024

Table 9 US: Pet Wearable, Market, by Product, 2019–2024

Table 10 US: Pet Wearable Market, by Technology, 2019–2024

Table 11 US: Pet Wearable Market, by Application, 2019–2024

Table 12 Canada: Pet Wearable, Market, by Product, 2019–2024

Table 13 Canada: Pet Wearable Market, by Technology, 2019–2024

Table 14 Canada: Pet Wearable, Market, by Application, 2019–2024

Table 15 Mexico: Pet Wearable, Market, by Product, 2019–2024

Table 16 Mexico: Pet Wearable Market, by Technology, 2019–2024

Table 17 Mexico: Pet Wearable, Market, by Application, 2019–2024

Table 18 Europe: Pet Wearable Market, by Country, 2019–2024

Table 19 Europe: Pet Wearable Market, by Product, 2019–2024

Table 20 Europe: Pet Wearable Market, by Technology, 2019–2024

Table 21 Europe: Pet Wearable Market, by Application, 2019–2024

Table 22 Germany: Pet Wearable Market, by Product, 2019–2024

Table 23 Germany: Pet Wearable Market, by Technology, 2019–2024

Table 24 Germany: Pet Wearable Market, by Application, 2019–2024

Table 25 France: Pet Wearable Market, by Product, 2019–2024

Table 26 France: Pet Wearable Market, by Technology, 2019–2024

Table 27 France: Pet Wearable Market, by Application, 2019–2024

Table 28 UK: Pet Wearable Market, by Product, 2019–2024

Table 29 UK: Pet Wearable Market, by Technology, 2019–2024

Table 30 UK: Pet Wearable Market, by Application, 2019–2024

Table 31 Spain: Pet Wearable Market, by Product, 2019–2024

Table 32 Spain: Pet Wearable Market, by Technology, 2019–2024

Table 33 Spain: Pet Wearable Market, by Application, 2019–2024

Table 34 Italy: Pet Wearable Market, by Product, 2019–2024

Table 35 Italy: Pet Wearable Market, by Technology, 2019–2024

Table 36 Italy: Pet Wearable Market, by Application, 2019–2024

Table 37 Asia-Pacific: Pet Wearable Market, by Country, 2019–2024

Table 38 Asia-Pacific: Pet Wearable Market, by Product, 2019–2024

Table 39 Asia-Pacific: Pet Wearable Market, by Technology, 2019–2024

Table 40 Asia-Pacific: Pet Wearable Market, by Application, 2019–2024

Table 41 China: Pet Wearable Market, by Product, 2019–2024

Table 42 China: Pet Wearable Market, by Technology, 2019–2024

Table 43 China: Pet Wearable Market, by Application, 2019–2024

Table 44 Japan: Pet Wearable Market, by Product, 2019–2024

Table 45 Japan: Pet Wearable Market, by Technology, 2019–2024

Table 46 Japan: Pet Wearable Market, by Application, 2019–2024

Table 47 India: Pet Wearable Market, by Product, 2019–2024

Table 48 India: Pet Wearable Market, by Technology, 2019–2024

Table 49 India: Pet Wearable Market, by Application, 2019–2024

Table 50 Rest of Asia-Pacific: Pet Wearable Market, by Product, 2019–2024

Table 51 Rest of Asia-Pacific: Pet Wearable Market, by Technology, 2019–2024

Table 52 Rest of Asia-Pacific: Pet Wearable Market, by Application, 2019–2024

Table 53 Rest of the World: Pet Wearable Market, by Country, 2019–2024

Table 54 Rest of the World: Pet Wearable Market, by Product, 2019–2024

Table 55 Rest of the World: Pet Wearable Market, by Technology, 2019–2024

Table 56 Rest of the World: Pet Wearable Market, by Application, 2019–2024


LIST OF FIGURES
FIGURE 1 Global Pet Wearable Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global Pet Wearable Market

FIGURE 4 Value Chain of the Global Pet Wearable Market

FIGURE 5 Share of the Global Pet Wearable Market in 2017, by Country (in %)

FIGURE 6 Global Pet Wearable Market, 2019–2024

FIGURE 7 Sub-Segments of Product

FIGURE 8 Global Pet Wearable Market Size, by Product, 2017

FIGURE 9 Share of the Global Pet Wearable Market, by Product, 2019 to 2024

FIGURE 10 Sub-Segments of Technology

FIGURE 11 Global Pet Wearable Market Size, by Technology, 2017

FIGURE 12 Share of Global Pet Wearable Market, by Technology, 2019 to 2024

FIGURE 10 Sub-Segments of Application

FIGURE 11 Global Pet Wearable Market Size, by Application, 2017

FIGURE 12 Share of the Global Pet Wearable Market, by Application, 2019 to 2024