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Pet Wearable Market Revenue To Beat $4.6 Billion By 2027 – Growth Prospects Mapping, Vendor Landscape, Application Estimates and Trend Analysis | Million Insights

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Pet Wearable Market Revenue To Beat $4.6 Billion By 2027 – Growth Prospects Mapping, Vendor Landscape, Application Estimates and Trend Analysis | Million Insights

December 30
07:12 2020
Pet Wearable Market Revenue To Beat $4.6 Billion By 2027 - Growth Prospects Mapping, Vendor Landscape, Application Estimates and Trend Analysis | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global pet wearables industry research report offers thorough insights on technology, application, regional scope and demand. This study enables many opportunities for the market players to invest in research and development.

The global pet wearable market size is projected to account for USD 4.6 billion by 2027, according to a report published by Million Insights. Growing pet humanization has resulted in the rise in spending on pet care and safety, which, in turn, has supplemented the growth of the market. Wearable devices help in tracking and identifying various health parameters of pets.

As estimated by APPA, the United States spent USD 72.1 billion on pet care in 2018. This expenditure is anticipated to increase further owing to the rise in the number of pet adoption. Several countries in Asia Pacific such as India and China are also witnessing high spending on the pet.

To download the sample PDF of Pet Wearable Market Report “please” click here: https://www.millioninsights.com/industry-reports/pet-wearable-market/request-sample 

 

North America accounted for the highest share in the market in 2019, primarily because of a large number of pets such as cats and dogs. In addition, increasing awareness about pet well-being in the country has further supplemented the growth. Besides, Asia Pacific is likely to witness the highest growth in the market as people have increased their spending on pet care. China and India are the major countries attributing to the growth of the Asia Pacific. 

Major market players are Konectera Inc., Intervet Inc., Datamars; Fitbark, Invisible Fence and Allflex USA among others. The market is also witnessing the entry of several new players who are introducing innovative solutions. Several strategic initiatives undertaken by market players are new product developments, merger & acquisition, partnerships and others.  

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/pet-wearable-market 

 

Further key findings from the report suggest:

• In 2019, the RFID segment accounted for the highest share in the pet wearable market with over 39%.

• The identification & tracking division, which dominated in 2019, is projected to account for USD 2.8 billion in 2027.

• APAC is likely to witness the fastest growth of more than 17% CAGR over the forecast duration.

• Major market participants are Garmin International, Whistle Labs, PetPace LLC and Tractive among others.

Million Insights segmented the global pet wearable market on the basis of technology, application, and region:

Pet Wearable Technology Outlook (Revenue, USD Million, 2016 – 2027)
    • RFID
    • GPS
    • Sensors

Pet Wearable Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Identification & Tracking
    • Behavior Monitoring & Control
    • Facilitation, Safety & Security
    • Medical Diagnosis & Treatment

Pet Wearable Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Spain
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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