Pet Wearable Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212698
  • Format: Electronic (PDF)
  • Number of Pages: 216
  • Author(s): Joshi, Madhavi

Report Overview

The Pet Wearable Market size was estimated at USD 2.85 billion in 2023 and is projected to reach USD 6.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.00% during the forecast period (2024-2030).

Pet Wearable Market

(Market Size)
$2.85 billion
$6.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.00%
2023 Market Size USD 2.85 billion
2030 Market Size USD 6.2 billion
Key Players FitBark, Whistle (Mars Petcare), Garmin, Tractive, Loc8tor

Market Summary

The pet wearable market represents a rapidly expanding segment within the broader semiconductor and electronics industry, focusing on the development and integration of advanced technological devices designed for companion animals. These devices leverage a multitude of semiconductor components, including sensors, microcontrollers, GPS modules, and connectivity chips, to deliver a suite of functionalities aimed at enhancing pet care, safety, and health monitoring. The market is primarily driven by the increasing humanization of pets, where owners are increasingly viewing their animals as family members and are consequently willing to invest in premium products that ensure their well-being and security. This trend is further amplified by the growing awareness of pet health and the desire for proactive management of pet activities and location. Technological advancements in miniaturization, battery life, and wireless communication protocols like Bluetooth Low Energy (BLE), LTE-M, and NB-IoT are enabling the creation of more sophisticated, reliable, and user-friendly devices. The ecosystem encompasses a wide range of products, from basic activity trackers to advanced GPS collars and health monitors that can track vital signs, offering pet owners unprecedented insights and peace of mind. This convergence of consumer demand and technological capability is fostering a highly competitive and innovative market landscape.

Key Highlights

The pet wearable market is characterized by several key highlights that underscore its dynamic nature and future potential. A significant trend is the integration of artificial intelligence and machine learning algorithms into these devices, enabling predictive analytics for health issues such as detecting early signs of lameness or predicting seizures based on behavioral data. Furthermore, there is a strong movement towards ecosystem integration, where pet wearable data is seamlessly synced with smartphone applications and even smart home systems, creating a holistic pet management environment for the owner. The competitive landscape is intense, with participation from established electronics giants, specialized pet tech startups, and traditional pet product companies expanding their portfolios. Companies like Whistle (a subsidiary of Mars Petcare), FitBark, and Garmin are prominent players, continuously innovating to capture market share. Another critical highlight is the focus on durability and pet-friendly design, ensuring devices are waterproof, shockproof, and comfortable for long-term wear. The market is also witnessing a diversification in applications, expanding beyond dogs and cats to include other pets, reflecting the broadening scope of this industry and its appeal to a wider consumer base.

Drivers, Opportunities & Restraints

The growth of the pet wearable market is propelled by a confluence of powerful drivers. The paramount driver is the escalating level of pet humanization globally, where pets are increasingly considered integral family members, leading to higher spending on their health, safety, and overall quality of life. This emotional connection fuels demand for products that offer security and health insights. Concurrently, technological proliferation in the Internet of Things (IoT) and advancements in sensor technology are making these devices more capable and affordable. The rising concerns over pet safety, including theft and getting lost, are a significant driver for GPS-enabled tracking devices. Opportunities within this market are abundant and lie in several areas. There is substantial potential in the development of more advanced health diagnostic wearables that can provide veterinary-grade data, potentially enabling remote consultations and early disease detection. The integration of these devices with broader pet service ecosystems, including pet insurance which may offer discounts for active and healthy pets, presents a lucrative opportunity. Expanding into emerging markets with growing middle-class populations and increasing pet ownership rates also offers significant growth potential. However, the market faces notable restraints. High product costs can be a barrier to mass adoption, particularly for multi-pet households. Data privacy and security concerns regarding the location and health information of pets are increasingly coming to the fore. Furthermore, the limited battery life of highly functional devices remains a persistent technical challenge that can affect user experience and adoption rates.

Concentration Insights

The concentration of the pet wearable market reveals a landscape that is currently dominated by a mix of specialized technology firms and large corporations with diversified interests in pet care and electronics. North America, particularly the United States, holds a significant concentration of both market demand and key industry players, driven by high disposable income, strong pet ownership culture, and early technology adoption rates. Europe follows closely, with countries like the UK, Germany, and France showing robust growth. The presence of major companies such as Garmin, which leverages its expertise in GPS technology, and Mars Petcare through its Whistle subsidiary, indicates a market where established brands from adjacent industries are successfully transitioning into the pet tech space. Alongside these giants, a vibrant ecosystem of startups and niche players like FitBark and Tractive continually innovate, often focusing on specific functionalities or design aesthetics. This concentration suggests a market that is competitive yet collaborative, with larger entities sometimes acquiring innovative startups to bolster their technological offerings and market reach. The manufacturing and supply chain for the semiconductor components are highly concentrated in Asia-Pacific, making that region a critical hub for the production and assembly of these devices.

Type Insights

The pet wearable market can be segmented by product type, primarily into smart collars, harnesses, tags, and smart clothing. Smart collars represent the most dominant and technologically advanced category. These devices often integrate a multitude of features into a single unit, including GPS tracking, activity monitoring, geo-fencing, and even LED lights for visibility. They are typically subscription-based models, requiring a cellular network connection for real-time tracking capabilities. Smart tags are a more minimalist and often more affordable option, usually functioning as Bluetooth trackers to help locate a pet within a shorter range, such as within a home or neighborhood. These are popular for their simplicity and lower cost of ownership, as they often do not require a monthly subscription. Harnesses with integrated technology are emerging, designed to distribute weight more evenly and potentially host more sensors for accurate health metric reading. The nascent segment of smart clothing, such as vests or jackets with integrated heating elements or sensors, is also gaining attention, catering to specific needs like older pets or those in colder climates. The evolution of these types is continuously driven by material science and electronics miniaturization.

Application Insights

Pet wearable devices serve a range of critical applications that define their value proposition to consumers. The foremost application is identification and tracking, which utilizes GPS and other radio frequency technologies to provide real-time location data of a pet, offering owners peace of mind and a means of recovery if the pet gets lost. This is arguably the most sought-after feature. Another significant application is behavior monitoring and activity tracking. Using accelerometers and other sensors, these devices can track a pet's activity levels, rest patterns, and calories burned, helping owners manage their pet's weight and overall fitness, which is crucial for preventing obesity-related health issues. Health monitoring is a rapidly advancing application area. Modern wearables can monitor vital signs like heart rate and respiratory rate, and some are exploring capabilities for detecting anomalies that may indicate stress, pain, or the onset of illness. Furthermore, certain devices offer training assistance features, such as vibration or sound cues, to aid in behavioral correction. The data collected from these applications is increasingly being used to create longitudinal health records for pets, providing valuable insights for veterinarians and pet owners alike.

Regional Insights

The adoption and growth of the pet wearable market exhibit distinct regional variations influenced by economic factors, cultural attitudes towards pets, and technological infrastructure. North America is the leading regional market, characterized by high pet ownership rates, significant disposable income, and a strong culture of pet humanization. The United States is the epicenter of innovation and consumption, with a high density of key market players and early adopters of advanced pet tech. Europe represents another major market, with countries like the United Kingdom, Germany, and France demonstrating strong demand. European consumers are often driven by similar trends in pet humanization and have robust concerns for animal welfare, supporting the adoption of health and safety monitors. The Asia-Pacific region is identified as the fastest-growing market, fueled by a rapidly expanding middle class, increasing urbanization, and a growing trend of pet ownership in countries such as China, Japan, and South Korea. While the market is still developing in many APAC countries compared to the West, the potential for growth is immense. Latin America and the Middle East and Africa are emerging regions where the market is in nascent stages but showing promising growth signals as economic conditions improve and awareness increases.

Company Insights

The competitive landscape of the pet wearable market features a diverse array of companies, from dedicated pet technology startups to subsidiaries of large multinational corporations. Whistle, part of Mars Petcare, is a prominent player known for its comprehensive health and GPS tracking devices, leveraging the vast resources and veterinary network of its parent company. Garmin Ltd., a leader in GPS technology for automotive, aviation, and marine markets, has successfully applied its expertise to the pet segment with its Astro and Canine series, offering rugged and reliable tracking solutions primarily for hunting and outdoor dogs. FitBark focuses on health and activity monitoring, providing detailed metrics on a dog's sleep, activity, and overall wellness, and has built partnerships within the veterinary community. Tractive is another key competitor known for its affordable and feature-rich GPS trackers with a strong global presence. Other notable companies include PetPace, which offers a smart collar focused on advanced health monitoring and veterinary applications, and Loc8tor, which provides a range of radio frequency-based tracking products. This mix of companies ensures a continuous stream of innovation, with competition driving improvements in battery life, accuracy, data analytics, and overall user experience.

Recent Developments

The pet wearable market is characterized by rapid innovation and strategic movements among key industry participants. A significant recent development trend is the enhancement of health monitoring capabilities. Companies are integrating more sophisticated sensors capable of measuring a wider array of physiological parameters, such as core body temperature and blood oxygen levels, moving beyond basic activity tracking. There is also a strong focus on improving battery technology and energy efficiency, with developments in low-power chipsets and solar charging options to extend the operational life of devices between charges. Another notable development is the expansion of subscription services that accompany hardware sales. These services now often include not just cellular connectivity for GPS, but also value-added features like veterinary telehealth consultations, personalized pet health reports, and integration with pet insurance platforms. Furthermore, the market has seen increased activity in mergers and acquisitions, as larger corporations seek to acquire innovative startups to quickly gain access to new technologies and expand their market share. Partnerships between pet wearable companies and veterinary clinics or pet insurance providers are also becoming more common, creating a more interconnected ecosystem for pet care.

Report Segmentation

This comprehensive market research report on the pet wearable industry provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the market dynamics. The report is segmented by product type, delving into the distinct characteristics, market presence, and growth trajectories of smart collars, smart tags, smart harnesses, and other wearable forms. It further breaks down the market by application, providing dedicated analysis for critical use cases including identification and tracking, behavior monitoring, medical diagnosis and treatment, and other specialized applications. The technology segment analysis covers the core electronic components and connectivity solutions such as GPS, Bluetooth, RFID, and sensors that power these devices. A crucial component of the report is the regional segmentation, which offers an in-depth assessment of the market performance and future potential across key geographies including North America, Europe, Asia-Pacific, and the rest of the world. Additionally, the report includes a detailed competitive landscape section, profiling the key players in the market, their product portfolios, strategic initiatives, and market share analysis. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand competitive intensity, and make informed strategic decisions.

FAQs

What are the main types of pet wearable devices available?

The market offers several primary types of devices, including smart collars which are the most feature-rich, often incorporating GPS, activity tracking, and health monitors. Smart tags are simpler, typically using Bluetooth for short-range tracking. There are also specialized harnesses designed to hold sensors and emerging smart clothing items aimed at comfort and specific health monitoring functions.

How does GPS tracking work in pet wearables?

GPS tracking in pet wearables functions by using a Global Positioning System chip within the device to receive signals from satellites to determine the pet's precise geographic coordinates. This location data is then transmitted to the owner's smartphone or a web portal, usually via a cellular network connection (like LTE-M) that is part of a monthly subscription service, allowing for real-time tracking on a map.

What are the benefits of activity monitoring for pets?

Activity monitoring provides numerous benefits by tracking a pet's movement, rest, and calories burned. It helps owners ensure their pets get adequate exercise, manage weight to prevent obesity, identify changes in behavior that could indicate health issues like pain or lethargy, and overall promote a healthier and more active lifestyle for their animal companions.

Are there pet wearables that monitor health vitals?

Yes, advanced pet wearables are increasingly capable of monitoring health vitals. These devices use sensors to track metrics such as heart rate, respiratory rate, and skin temperature. Some high-end models are being developed to detect anomalies that may signal stress, anxiety, or the early stages of illness, providing valuable data for pet owners and veterinarians.

What is the average battery life of a pet GPS tracker?

The battery life of a pet GPS tracker varies significantly based on usage??? technology. Devices that provide real-time, constant tracking typically have a shorter battery life, often requiring a charge every one to three days. Devices that use power-saving modes, reporting location less frequently, can last from several days up to a few weeks on a single charge. Battery technology is a key area of ongoing innovation.

Which companies are the leaders in the pet wearable market?

The market is led by a combination of specialized tech companies and large corporations. Key leaders include Whistle (owned by Mars Petcare), known for health and location tracking; Garmin, leveraging its GPS expertise for rugged pet trackers; FitBark, focused on activity and health monitoring; and Tractive, a major player in affordable GPS tracking solutions. Other significant contributors include PetPace and Loc8tor.

Citius Research has developed a research report titled “Pet Wearable Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Pet Wearable Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Pet Wearable Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Pet Wearable Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Pet Wearable Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Pet Wearable Market
• Research Methodology
• Executive Summary
• Market Dynamics of Pet Wearable Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Pet Wearable Market
• Cost and Gross Margin Analysis of Pet Wearable Market
• Pet Wearable Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Pet Wearable Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Pet Wearable Market Key Stakeholders

Below are the key stakeholders for the Pet Wearable Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Pet Wearable Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Pet Wearable Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Pet Wearable Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Pet Wearable Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Pet Wearable Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Pet Wearable Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Pet Wearable Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Pet Wearable Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Pet Wearable Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Pet Wearable Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Pet Wearable Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Pet Wearable Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Pet Wearable Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Pet Wearable Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Pet Wearable Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Pet Wearable Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Pet Wearable Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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