North America Pet Tech Market to see 55% CAGR over 2019-2025 - PowerPoint PPT Presentation

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North America Pet Tech Market to see 55% CAGR over 2019-2025

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Request Sample of Report @ The North America pet tech market accounted for over 55% of the industry share and will witness steady growth owing to the rapid increase in the adoption of these solutions in the household segment. According to the North American Pet Health Insurance Association (NAPHIA), during the period 2017-18, around 68% of the U.S. households (85 million families) owned a pet (either a cat/dog). – PowerPoint PPT presentation

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Title: North America Pet Tech Market to see 55% CAGR over 2019-2025


1
Global Pet Tech Market to hit USD 20 billion by
2025 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Pet Tech Market
  • Pet Tech Market was valued at over USD 4.5
    billion in 2018 and to reach USD 20 billion by
    2025. The increasing adoption of the IoT
    AI-enabled pet care solutions is a major factor
    propelling the pet tech market. The pet owners
    are moving toward sophisticated, flexible, and
    reliable solutions that will turn the manual
    tasks of feeding, healthcare, and cleaning litter
    tasks into automatic or monitored activities.
  • For instance, in January 2018, Petcube announced
    the launch of its pet detection technology that
    uses machine learning and Artificial Intelligence
    (AI) to recognize, trigger record selfie videos,
    and initiate two-way video calls with pets. These
    technologies are also being widely adopted to
    track and analyze the facial expressions of pets
    to decide their interests and taste preferences.
    Several players are engaged in developing such
    advanced solutions that allow the owners to
    purchase products based on their pets
    preferences

3
Continued...
  • In 2018, pet wearables accounted for majority of
    the pet tech market share. Smart collars are the
    most widely adopted pet wearable technology owing
    to the rising technological advancements and
    innovations in product offerings of players.
    These devices are being integrated with modern
    technologies such as GPS tracking, Wi-Fi
    connectivity, and activity tracking monitoring.
    Some of the innovative products offered by
    players include Wi-Fi controlled PetSafe Smart
    Dog Trainer Collar, chew-proof Lupine Original
    Dog Collar, and GPS activity tracker Dog
    Collar-Link AKC. RAWR, Inc. is offering a smart
    collar with 4G LTE network connectivity, GPS
    tracking, Wi-Fi, and Bluetooth connectivity.
  • The commercial adoption of pet technologies will
    grow rapidly, owing to the rise in demand for
    health monitoring fitness tracking solutions in
    cattle and farms. These intelligent technologies
    are being widely adopted to track, analyze, and
    monitor the fitness health of horses
    participating in a horse race, driving the
    commercial pet tech market growth. It helps in
    improving the performance and winning chances of
    horses during races and other competitions.

4
U.S. pet tech market share, by product, 2018
2025 (USD Million)

5

Browse Full Market Research Report On Pet Tech
Market _at_ https//bit.ly/2KnpqWP Request for
a Sample of this Research Report _at_
https//bit.ly/2ZJcDDr
6
Continued...
  • The North America pet tech market accounted for
    over 55 of the industry share and will witness
    steady growth owing to the rapid increase in the
    adoption of these solutions in the household
    segment. According to the North American Pet
    Health Insurance Association (NAPHIA), during the
    period 2017-18, around 68 of the U.S. households
    (85 million families) owned a pet (either a
    cat/dog).
  • The pet owners in the region are spending heavily
    on the health fitness of their pets. It was
    also estimated that in 2017, the combined gross
    written premiums of pet health insurance in the
    region accounted to over USD 1.2 billion. The
    household pet ownership in the U.S. is witnessing
    a rapid growth, which is encouraging the pet care
    companies to offer their innovative solutions in
    the country, propelling the pet tech market
    growth.

7
Continued...
  • Key players operating in the pet tech market
    include CleverPet, Fitbark, Garmin Ltd., GoPro,
    IceRobotics, Konectera, Loc8tor, Motorola, Nedap
    N.V., Petcube, Inc., Petkit, Petnet Inc., PetPace
    LLC, Petrics, Scollar, Pod Trackers Pty Ltd.,
    Tractive, Whistle Labs LLC, and WOPET. These
    players are engaged in developing innovative
    solutions that will differentiate their offerings
    from other players and attract a large customer
    base.
  • For instance, in September 2015, DOTT announced
    the launch of the Dott smart dog tag, a
    Bluetooth-based location tracker that can be
    attached to pets collar, providing tracking
    within a 350-foot radius range. This solution
    will replace the high-cost GPS tracker solutions
    due to its much smaller and lighter features.

8
Table OF Content
Chapter 1. Methodology and Scope 1.1.
Definitions forecast parameters 1.1.1.
Definitions 1.1.2. Methodology and forecast
parameters 1.2. Data Sources 1.2.1.
Secondary 1.2.2. Primary Chapter 2. Executive
Summary 2.1. Pet tech industry 360 synopsis,
2015 2025 2.1.1. Business trends 2.1.2. Product
trends 2.1.3. Application trends 2.1.4. End-use
trends 2.1.5. Distribution channel trends 2.1.6.
Regional trends
9
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