Business

The New Trends and Technologies in the Global Pet Market, What These New Trends Actually Means for the Business of 2025

According to the report launched by Adroit Market Research named “Global Pet Wearable Market Size 2017 by Application (Medical Diagnosis & Treatment, Behavior Monitoring & Control, Facilitation, Safety & Security and Identification & Tracking), by Technology (RFID, GPS, and Sensors), by Region and Forecast 2018 to 2025”. The report covers pet wearable market from the year 2015 to 2025. The report gives the actual revenue from the year 2015 to 2017 while giving the forecast from the year 2018 to 2025. This report also shows also include insight such as drivers, opportunities, value chain analysis, and restraints.

The worldwide value of the pet wearable market is expected to reach 4.14 billion US$ in the year 2025 due to the increased awareness about the care of pets. The advancement of technology has paved the way for wearable devices that can be used to track pets. Such advances have increased the market cape of pet wearable devices.

The worldwide pet market is divided into four categories based on the use of wearable, these wearables include safety & security, medical diagnosis & treatment, identification & tracking, behavior monitoring & control and facilitation. Medical segment will be the fastest to grow due to the decrease in the cost of sensors which is important part of pet wearable.

Based on the type of technology it is divided into three categories which include RFID, GPS, and sensors. RFID has the highest market share. The region covered in this report includes Asia Pacific, Europe, Latin America, Middle-East & Africa, and North America. The Asia Pacific could have the highest growth rate. The manufacturers of devices include GoPro, Inc., Fitbark, IceRobotics Ltd., Inupathy, Inc., Loc8tor Ltd., Motorola, Otto Petcare Systems, PetPace LLC, Pitpatpet Ltd., and Tractive, Mars Inc. (Whistle Labs Inc.). The report will give its reader a detailed overview of pet wearable market.

 

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http://adroitmarketresearch.com/industry-reports/pet-wearables-market