[April 23, 2018] |
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Global Pet Wearables Market Forecasts 2018-2023 - A $2.7 Billion Opportunity Driven by Advancements in Wireless Area Networks / Efficient & Cost-Effective Wireless Sensors - ResearchAndMarkets.com
The "Pet
Wearables Market - Forecasts from 2018 to 2023" report has been
added to ResearchAndMarkets.com's offering.
The global pet wearables market is projected to witness a compound
annual growth rate of 11.02% during the forecast period to reach a total
market size of US$2.712 billion by 2023, increasing from US$1.448
billion in 2017.
The surge in global pet wearables demand is primarily driven by
advancements in wireless area networks, efficient and cost-effective
wireless sensors, higher adoption of digital maps and development of a
mobile application with inbuilt digital maps. One of the important
factors expected to propel the growth of pet wearable market is
increasing trend of IoT, which is enabling connection of smart devices
such as smartphones, laptops, and tablets to these pet wearable devices
which enables the user to continually monitor the health andtrack the
movement of their pets.
In various developing countries, increasing adoption of pets and growing
awareness towards pet fitness and health along with increasing
disposable income will propel the growth of pet wearables market.
However, several factors such as high power consumption, purchasing
costs, lack of infrastructure, and high cost of network installation are
expected to hinder the market growth.
Major industry players profiled as part of the report are Otto Petcare
Systems, PetPace LLC, Afimilk, Ltd, Whistle Labs Inc, Loc8tor, Ltd, and
Dairymaster among others.
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Pet Wearables Market by Product
6. Global Pet Wearables Market by Technology
7. Global Pet Wearables Market by Application
8. Global Pet Wearables Market by Geography
9. Competitive Intelligence
10. Company Profiles
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Dairymaster
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Fitbark
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Icerobotics, Ltd.
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Loc8tor Ltd.
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Motorola (News - Alert)
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Tractive
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Whistle Labs Inc.
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Otto Petcare Systems
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Petpace LLC
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Afimilk Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/vbsvwf/global_pet?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180423006154/en/
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