The latest research report by Emergen Research, named ‘Global Pet Wearable Market - Forecast to 2032 . The report offers these individuals a vivid description of the competitive spectrum of the global Pet Wearable Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
The global pet wearable market size was USD Billion 2.35 in 2022 and is expected to register a revenue CAGR of 14.1% during the forecast period, according to latest analysis by Emergen Research. Rising investment in pet technologies such as smart feeders and identification and tracking chips and devices are factors projected to support market revenue growth between 2021 and 2030. Wearable monitoring and sensors are among the increasingly popular technological devices for pets and livestock. These monitors have wearable sensors that can track vital signs, food consumption, and activity levels. Wearables for animal health monitoring are gradually becoming mainstream owing to the convenience and usefulness these offer.
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The report further divides the Pet Wearable Market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Pet Wearable Market
Key players in the market :
Avid Identification Systems, Inc., Datamars, Merck & Co., Inc., Loc8tor Ltd., Garmin Ltd., PetPace, Tractive, Whistle, Wagz Inc., EQUISENSE.
Covid 19 impact analysis :
The report considers the COVID-19 pandemic that is currently unfolding as a key market influencer. The report provides a thorough estimation of the overall impact of the pandemic on the Pet Wearable Market nd its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Pet Wearable Market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Pet Wearable Market Segmentation
Emergen Research has segmented the global pet wearable market on the basis of product, technology, component, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2032)
Smart Collars
Smart Cameras
Harnesses
Others
Technology Outlook (Revenue, USD Billion; 2019–2032)
GPS
RFID
Sensors
Others
Component Outlook (Revenue, USD Billion; 2019–2032)
Processors
Displays
Memory
Cellular Chips
Wi-Fi Chips
Batteries
Others
End-Use Outlook (Revenue, USD Billion; 2019–2032)
Identification & Tracking
Behavior Monitoring & Control
Facilitation, Safety & Security
Medical Diagnosis & Treatment
Others
Report, visit @ https://www.emergenresearch.com/industry-report/pet-wearable-market
Pet Wearable Market Regional SegmentationNorth America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Pet Wearable Market Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Pet Wearable Market market?
What are the key product types and applications of the Pet Wearable Market industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Pet Wearable Market market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Pet Wearable Market Market by 2027?
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