Abstract
Summary
REPORT HIGHLIGHT
Pet wearable market was valued at USD 1.43 billion by 2018, growing with 15.6% CAGR during the forecast period, 2020-2026
Market Dynamics
Pet wearable is a type of accessories that are used for effective pet care management. These products help by providing real time data about the animals, pet activity monitor and many more such features. These have new-age technology such as GPS trackers etc that aid in overall management. It aims to keep track of the activity, the fitness, and provide medical attention as required.
The growing awareness regarding the benefits and the general inclination people have towards animals is one of the core reasons why this industry is expected witness consistent growth trajectory. An article published on the Mental Health America (MHA) organization website stated that almost 74% of owners have benefited with regards to mental health. Almost 75% of owners accepted that their friends or family benefited with respect to mental health. This growing awareness is one of the most important reasons why a higher number of people are adopting animals and thus impacting this industry positively. Generally, these devices and trackers have GPS that enables real-time tracking, they, therefore, end up consuming a lot of power, which is a market restraint for this industry.
Product Takeaway
Depending upon different products, this market has been categorized into the smart collar, smart camera, smart harness & vest, and tags. Smart harness dominates the market due to its features such as sensors that determine the mood, posture, and health. It can inform the owner if the dog/cat is falling sick or if something is off about them. Based on a study by the AAHA (American Animal Hospital Association), almost 75% of pet parents feel guilty about leaving their pet at home & almost 38% end up calling home from work to talk to their pet. Smart cameras act as surveillance device that aids owners to check upon their animals, it also enables a two way communication with them.
Application takeaway
This market is segmented into Facilitation, safety & security, Identification & tracking, behavior monitoring & control, and medical diagnosis & treatment. Of which the medical diagnosis & treatment category is expected to witness continued growth. This can be attributed to the need of consistently tracking and monitoring health of pets. Another such growing segment is the tracking devices. Tracking devices will continue to witness considerable demand due the constant fear pet parents have of losing their pets.
Technology Takeaway
Based on technology, the pet wearable industry is categorized into GPS, RFID, and sensors. Statistics on peeve.com suggested that almost 80% of the animals who go missing are never found. Owing to which, the demand for GPS tracking based devices such as a smart collar, smart harness are all used for locating the animal in case missing. The love between a pet parent and the pet is un-conditional; therefore more and more owners are demanding devices that can allow for two way communication them.
Currently, the GPS based market accounts for the fastest-growing segment due to the biggest worry of every owner has that their animals might get lost. The RFID is expected to witness considerable growth owing to its benefits with regards to unique identification that aids in better data collection and information about the animal.
Regional Takeaway
The Asia Pacific region is expected to witness maximum growth considering the growing demand for such high-end technologies in the emerging markets. An increase in the rise in the adoption of pets in countries such as India will lead to positive growth of this industry. North America currently dominates the overall industry in terms of revenue due to the higher disposable income coupled with rising number of pet owners.
Key Vendor Takeaway
The key players in the this industry are DeLaval, Whistle Labs, Inc., Dairymaster, GEA Group, PetPace LLC, Garmin International, Aktiengesellschaft Tractive, Konectera, IceRobotics, FitBark, and i4C Innovations. Introduction of new and innovative products will help the key player’s to boost their market share. For instance, in September 2019, Amazon, Inc. announced a new Fetch pet tracker that uses the new sidewalk networking systems. Likewise, Whistle Labs, (June 2019) launched Whistle Go and Whistle Go Explore that features with health monitoring technique. Such new introductions will help companies’ to explore new customer base.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2017 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Smart Camera
Smart Collar
Smart Vest
Smart Harness
MARKET, BY APPLICATION
Identification & Tracking
Behavior Monitoring & Control
Safety & Security
Facilitation
Medical Diagnosis & Treatment
MARKET, BY TECHNOLOGY
GPS
RFID
Sensors
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
Table of Contents
1 PET WEARABLE MARKET OVERVIEW
1.1 Study Scope
1.2 Assumption and Methodology
2 EXECUTIVE SUMMARY
2.1 Market Snippet
2.1.1 Market Snippet by Product
2.1.2 Market Snippet by Technology
2.1.3 Market Snippet by Application
2.1.4 Market Snippet by Region
2.2 Competitive Insights
3 PET WEARABLE KEY MARKET TRENDS
3.1 Market Drivers
3.1.1 Impact Analysis of Market Drivers
3.2 Market Restraints
3.2.1 Impact Analysis of Market Restraints
3.3 Market Opportunities
3.4 Market Future Trends
4 PET WEARABLE INDUSTRY STUDY
4.1 Porter’s Five Forces Analysis
4.2 Marketing Strategy Analysis
4.3 Growth Prospect Mapping
4.4 Regulatory Framework Analysis
5 PET WEARABLE MARKET LANDSCAPE
5.1 Market Share Analysis
5.2 Key Innovators
5.3 Breakdown Data, by Key manufacturer
5.3.1 Established Player Analysis
5.3.2 Emerging Player Analysis
6 PET WEARABLE MARKET - BY PRODUCT
6.1 Overview
6.1.1 Segment Share Analysis, By Product, 2019 & 2026 (%)
6.2 Smart Camera
6.2.1 Overview
6.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
6.3 Smart Collar
6.3.1 Overview
6.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
6.4 Smart Vest
6.4.1 Overview
6.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
6.5 Smart Harness
6.5.1 Overview
6.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7 PET WEARABLE MARKET - BY TECHNOLOGY
7.1 Overview
7.1.1 Segment Share Analysis, By Technology, 2019 & 2026 (%)
7.2 GPS
7.2.1 Overview
7.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.3 RFID
7.3.1 Overview
7.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.4 Sensors
7.4.1 Overview
7.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8 PET WEARABLE MARKET - BY APPLICATION
8.1 Overview
8.1.1 Segment Share Analysis, By Application, 2019 & 2026 (%)
8.2 Identification & Tracking
8.2.1 Overview
8.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.3 Behavior Monitoring & Control
8.3.1 Overview
8.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.4 Safety & Security
8.4.1 Overview
8.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.5 Facilitation
8.5.1 Overview
8.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.6 Medical Diagnosis & Treatment
8.6.1 Overview
8.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9 PET WEARABLE MARKET- BY GEOGRAPHY
9.1 Introduction
9.1.1 Segment Share Analysis, By Region, 2019 & 2026 (%)
9.2 North America
9.2.1 Overview
9.2.2 Key Manufacturers in North America
9.2.3 North America Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.2.4 North America Market Size and Forecast, By Product, 2017 - 2026 (US$ Million)
9.2.5 North America Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
9.2.6 North America Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.2.7 U.S
- 9.2.7.1 Overview
- 9.2.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.2.8 Canada
- 9.2.8.1 Overview
- 9.2.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3 Europe
9.3.1 Overview
9.3.2 Key Manufacturers in Europe
9.3.3 Europe Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.3.4 Europe Market Size and Forecast, By Product, 2017 - 2026 (US$ Million)
9.3.5 Europe Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
9.3.6 Europe Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.3.7 Germany
- 9.3.7.1 Overview
- 9.3.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.8 Italy
- 9.3.8.1 Overview
- 9.3.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.9 United Kingdom
- 9.3.9.1 Overview
- 9.3.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.10 France
- 9.3.10.1 Overview
- 9.3.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3.11 Rest of Europe
- 9.3.11.1 Overview
- 9.3.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4 Asia Pacific (APAC)
9.4.1 Overview
9.4.2 Key Manufacturers in Asia Pacific
9.4.3 Asia Pacific Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.4.4 Asia Pacific Market Size and Forecast, By Product, 2017 - 2026 (US$ Million)
9.4.5 Asia Pacific Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
9.4.6 Asia Pacific Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.4.7 India
- 9.4.7.1 Overview
- 9.4.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.8 China
- 9.4.8.1 Overview
- 9.4.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.9 Japan
- 9.4.9.1 Overview
- 9.4.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.10 South Korea
- 9.4.10.1 Overview
- 9.4.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4.11 Rest of APAC
- 9.4.11.1 Overview
- 9.4.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5 Latin America
9.5.1 Overview
9.5.2 Key Manufacturers in Latin America
9.5.3 Latin America Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.5.4 Latin America Market Size and Forecast, By Product, 2017 - 2026 (US$ Million)
9.5.5 Latin America Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
9.5.6 Latin America Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.5.7 Brazil
- 9.5.7.1 Overview
- 9.5.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5.8 Mexico
- 9.5.8.1 Overview
- 9.5.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5.9 Argentina
- 9.5.9.1 Overview
- 9.5.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.5.10 Rest of LATAM
- 9.5.10.1 Overview
- 9.5.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.6 Middle East and Africa
9.6.1 Overview
9.6.2 Key Manufacturers in Middle East and Africa
9.6.3 Middle East and Africa Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
9.6.4 Middle East and Africa Market Size and Forecast, By Product, 2017 - 2026 (US$ Million)
9.6.5 Middle East and Africa Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
9.6.6 Middle East and Africa Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
9.6.7 Saudi Arabia
- 9.6.7.1 Overview
- 9.6.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.6.8 United Arab Emirates
- 9.6.8.1 Overview
- 9.6.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10 KEY VENDOR ANALYSIS
10.1 Agridient
10.1.1 Company Snapshot
10.1.2 Financial Performance
10.1.3 Product Benchmarking
10.1.4 Strategic Initiatives
10.2 Archer Daniels Midland
10.3 Manildra Group
10.4 AB Amilina
10.5 Cargill Inc
10.6 MGP Ingredients
10.7 Crespel & Deiters GmbH
10.8 Crop Energies AG
10.9 Roquette
10.10 Kroener Staerke
11 360 DEGREE ANALYSTVIEW
12 APPENDIX
12.1 Research Methodology
12.2 References
12.3 Abbreviations
12.4 Disclaimer
12.5 Contact Us