The report provides a thorough estimation of the overall impact of the pandemic on the Pet Wearable Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Pet Wearable Market .
The global pet wearable market size was USD Billion 2.35 in 2022 and is expected to register a revenue CAGR of 14.1% during the forecast period, according to latest analysis by Emergen Research. Rising investment in pet technologies such as smart feeders and identification and tracking chips and devices are factors projected to support market revenue growth between 2021 and 2030. Wearable monitoring and sensors are among the increasingly popular technological devices for pets and livestock. These monitors have wearable sensors that can track vital signs, food consumption, and activity levels. Wearables for animal health monitoring are gradually becoming mainstream owing to the convenience and usefulness these offer. Some of these wearables function as general health monitors, assisting pet owners and veterinarians in better tracking an animal’s overall health, while others are designed to assist with more specialized tasks, such as tracking activity and food consumption for weight management. Certain biosensors and monitors are being developed specifically for livestock growth to assist farmers and animal carers in keeping a good track of the health of their livestock on a wider scale.
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Covid 19 impact analysis :
The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Pet Wearable Market industry.The current COVID-19 pandemic is expected to have an effect on the growth of the Pet Wearable Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns.
Key players operating in the market are Avid Identification Systems, Inc., Datamars, Merck Co., Inc., Loc8tor Ltd., Garmin Ltd., PetPace, Tractive, Whistle, Wagz Inc., EQUISENSE.
Radical Highlights of the Pet Wearable Market Report:
- Impact of the technological developments and RD advancements on the Pet Wearable Market market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Comprehensive overview of the Pet Wearable Market market along with analysis of the changing dynamics of the market
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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Pet Wearable Market Segmentation:
Emergen Research has segmented the global pet wearable market on the basis of product, technology, component, end-use, and region:
· Product Outlook (Revenue, USD Billion; 2019–2032)
- Smart Collars
- Smart Cameras
- Harnesses
- Others
· Technology Outlook (Revenue, USD Billion; 2019–2032)
- GPS
- RFID
- Sensors
- Others
· Component Outlook (Revenue, USD Billion; 2019–2032)
- Processors
- Displays
- Memory
- Cellular Chips
- Wi-Fi Chips
- Batteries
- Others
· End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Identification Tracking
- Behavior Monitoring Control
- Facilitation, Safety Security
- Medical Diagnosis Treatment
- Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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