Pet Smart Wearable Device Market Scope
Pet Smart Wearable Device is a device that wirelessly connects pet collar to a smartphone via Wi-Fi or Bluetooth and provides information about the pet such as their location, training activity, and more. Unlike the existing traditional collar, it is a multi-purpose tool. This collar enables pet owners to track their pet using GPS technology, communicate with others via an LED display on the collar's outside, and monitor, track, and receive information and alerts about your pet's wearable market.
|Unit||Value (USD Million)|
|Key Companies Profiled||Whistle Labs (United States), PetPace (United States), Garmin (United States), FitBark (United States), Tractive (Austria), Link AKC (United States), Motorola (United States), Num’Axes /EYENIMAL (France), KYON (Greece) and Scollar (United States)|
The global pet smart wearable device market is still in its infancy, with fierce competition between established and emerging firms. The top market players prioritise research and development to develop innovative products in order to expand their product offerings. To strengthen their global position, companies are also focusing on strategic collaborations, expansions, and acquisitions. Tractive has released a new activity monitoring tool that works in tandem with its GPS tracking feature to allow owners to analyse their pets' physical activity and monitor their obesity conditions. Key players in the global pet wearable device market are Avid Identification Systems, Inc., SCR Engineers Ltd., Fitbark, Datamars, Intervet International B.V., Garmin Ltd., Invisible Fence, Loc8tor Ltd., Link My Pet, and Pet Pace LLC, and other prominent players. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pet Smart Wearable Device market throughout the predicted period.
Whistle Labs (United States), PetPace (United States), Garmin (United States), FitBark (United States), Tractive (Austria), Link AKC (United States), Motorola (United States), Num’Axes /EYENIMAL (France), KYON (Greece) and Scollar (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are GoPro (United States), Felcana (United Kingdom) and Others.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Pet Smart Wearable Device market by Type (Smart Collars, Smart Cameras and Smart Harnesses), by Application (Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, Medical Diagnosis & Treatment and Others) and Region with country level break-up.
On the basis of geography, the market of Pet Smart Wearable Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesOn 3rd January 2022, Petriage, a pet health technology company that provides fully integrated telehealth services to veterinary practises and their clients, announced a unique partnership with the Link Smart Pet Wearable by Smart Tracking Technologies, LLC, and the technology leader in smart pet wearables, an emerging and fast-growing market.
On 4th October 2021, Smart Tracking Technologies, LLC has announced the release of the all-new Link Smart Pet Wearable, which is now exclusively available at Chewy.com and LinkMyPet.com. According to the Association for Pet Obesity Prevention, more than half of dogs are overweight, which leads to serious diseases and a shorter life expectancy. Link's all-new wearable device provides pet parents with a better way to keep their furry friends safe, healthy, and connected. Link's main features are customizable activity monitoring and analysis, reminders and access to vet records, temperature alerts, tone and vibration training controls, a built-in flashlight, and the ability to create safe zones where pet is free to roam and receive immediate alerts if he wanders away.
The government has been working on implanting RFID chips into pet’s skins to give them a permanent ID and contribute to the growth of RFID devices in response to the rising number of pet-loss complaints. RFID wearables with Wi-Fi capabilities are also becoming more and more popular because they can be used to constantly track the position of the pet. These are the driving forces behind the expansion of the global RFID market.
Pet Smart Wearable Device Market Dynamics:
|Trends Influencing Market|
- Increasing demand from Asia-Pacific Region
- Value Oriented Customers
- High Cost of Devices and Short Battery Life
- Slow Rate of Data Transmission
- Complementary Technologies
- Volatile Price of Raw Materials
- Installation in Remote Regions
- Maintenance Costs
- Stringent Government Rules and Regulations
- Rising Number of Smart Cities across Nations
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Pet Smart Wearable Device Manufacturers, Pet Smart Wearable Device Suppliers & Distributors, Government Bodies, End-Users and Others
Frequently Asked Questions (FAQ):
What are the key segments playing vital role in Pet Smart Wearable Device Market?
The Pet Smart Wearable Device study can be customized to meet your requirements. The market size breakdown by type [Smart Collars, Smart Cameras and Smart Harnesses], by end use application [Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, Medical Diagnosis & Treatment and Others].
How big is the Pet Smart Wearable Device Market?
The Pet Smart Wearable Device Market is gaining popularity and expected to see strong valuation by 2027.
What are the key driving factors for the growth of the Pet Smart Wearable Device Market?
- Large-Scale Use of Pet Wearable Devices
- Demand for Technologically Advanced Pet Wearables Is Increasing