DUBLIN--(BUSINESS WIRE)--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 and track 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
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
- Icerobotics, Ltd.
- Loc8tor Ltd.
- Whistle Labs Inc.
- Otto Petcare Systems
- Petpace LLC
- Afimilk Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/vbsvwf/global_pet?w=4