Pet Wearable Market Overview and Product Scope over 2020 - 2026

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Pet Wearable Market Is Estimated To Surpass A
Valuation Of 12 Billion By 2026 Global Market
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• Pet Wearable Market Scenario

• As per a research report by Global Market
  Insights, Inc., pet wearable market is estimated
  to surpass a valuation of 12 billion by 2026.
• Based on the product segment, the smart vests
  product category is expected to register high
  demand amongst pet owners during the projected
  time period. Smart vests are outfitted with
  hidden sensors and video cameras, to make sure
  that the pet is secure. The technology is capable
  of live streaming videos when the dog starts
  barking.
• According to reliable estimates, back in 2017, it
  was projected that nearly 60 of cats and 55 of
  dogs in the U.S. were obese. It was also
  reportedthat approximately 10 million cats and
  dogs arestolen or lost in the U.S. per year.
• Concerns regarding pet health safety along with
  increasing expenditure on identification and
  tracking devices will boost the pet wearable
  market growth in the coming years. The rising
  trend of IoT has further enabledmeans for
  interfacinglaptops, smartphones, and tablets with
  these devices, which is further driving the
  market growth.

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• The application segment of identification
  tracking is poised to observe a high demand in
  the coming years. The growth can be attributed to
  high number of incidents of lost pets, which has
  further led to the adoption of technologically
  advanced tracking devices. As per the Pet Found
  by Internet, approximately 2 million pets are
  stolen annually worldwide. The addition of RFID
  technology in pet wearables devices further leads
  to the identification of pets by way of inserting
  a microchip under the skin of the pets.
• The commercial end-use segment in the pet
  wearablesmarketis projected to fuel more demand
  for pet wearables owing to the development of
  modern farming. These devices are adopted for
  tracking as well as monitoring of livestock in
  order to identify heath related issues at an
  early stage.

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• Regional Analysis

• From a regional perspective, pet owners across
  Latin America are increasingly concentrating on
  the security and safety of the pets. This is
  further anticipated to drive the demand for these
  devices, particularly the ones that feature GPS
  tracking as well as live positioning
  functionality.

• Competitive Analysis

• The competitive landscape of pet wearable market
  includes companies like Whistle Labs, Inc.,
  DeLaval, Inc., Tagg, FitBark, IceRobotics,
  Invisible Fence, Otto Petcare, Pet Vu, Inc.,
  Dropcam (Nest), Motorola, Garmin, Ridogulous
  Labs, Nedap, PetPace, i4c Innovations, and
  Loc8tor among others.

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