Pet Wearable Market Size, Company Share and Capacity Forecasts 2016

Hexa Reports

Market Research Reports and Insightful Company Profiles

Pet Wearable Market Size, Share, Trend Analysis, Market

Growth By Technology Application And Segment Forecasts

To 2022

The global pet wearable market is expected to reach USD 2.36 billion by 2022, according to a new report

by Grand View Research, Inc. Growing pet ownership coupled with increasing per capita expenditure on

pets is expected to drive product demand over the forecast period. Over the next seven years, linkage of

pet wearable with IoT & other mobile devices along with increasing dominance of certain vendors would

challenge industry penetration of new entrants.

Increasing awareness towards pet health & fitness is expected to offer significant opportunities for the

development of advanced wearable products. The industry is characterized by extensive R&D

investment in order to obtain competitive advantage which is also expected to result in frequent

acquisitions and strategic alliances.

Browse Detail Report With TOC @ http://www.hexareports.com/report/pet-wearable-market/details

Smartphone’s combined with new applications and products are allowing owners to remotely monitor,

water, feed and release treats for their pets. Some technologies unlock home doors and relock them

remotely, thus allowing pet sitters and dog walkers access to pets when the owners are away. The

nature of the industry, where many owners have multiple pets is expected to accentuate growth across

Hexa Reports

Market Research Reports and Insightful Company Profiles

the globe. It is estimated that by 2017, pet owners will spend more on wearable devices than on food

and by 2020, rising the spending on pets by an additional 50%.

However, high power consumption and procurement costs in developing countries may hinder growth

over the forecast period. High cost per line for both fixed and wireless technologies would make it

difficult to provide services at an affordable price across major emerging regions. Lack of...