Published Date: 2022-01-03
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APAC Pet Wearable Market size is expected to cross USD 1 billion by 2027, according to a latest forecast report by Graphical Research.
One of the key factors driving market expansion is increased pet expenditure due to rising disposable income in countries such as India, Japan, and China. According to the World Economic Forum, Asia Pacific is predicted to generate 60% of the global growth by 2030. Asia Pacific will also account for the vast majority (90%) of the 2.4 billion new middle-class citizens entering the global economy. As a result of these factors, there is a surge in the number of individuals buying new & remotely accessible pet wearable devices to monitor and track their pets effectively. The pet wearable market is gaining pace in Asia Pacific as individuals become more concerned about their pets' health.
Due to lockdown implemented in several countries, the ongoing COVID-19 pandemic has had an adverse impact on the pet wearable market growth in 2020. The industry experienced a downturn as a result of a scarcity of raw materials, components, and manpower. The regular veterinary medical visits during the COVID-19 pandemic limited pet adoption during the pandemic. Due to strengthening economic conditions and growing R&D expenditures by leading market players, the market saw a significant recovery from its decline in the second half of 2020.
Smart harness is witnessing a significant growth rate as it reduces the risk of neck injury. A smart harness is perfect for training and reducing respiratory problems & tracheal collapses. Smart harnesses distribute the tugs and jerks throughout the body while keeping the pet’s neck and throat injury-free. Smart pet harnesses use advanced sensors to monitor the gesture & posture of a pet. Market players offer various sizes of padded smart harnesses that contain a microcomputer to transmit wireless data from the sensors.
Browse detailed statistical insights from the report, “Asia Pacific Pet Wearable Market Forecast 2027 By Technology (RFID Devices, GPS, Sensors, Bluetooth), By Application (Medical Diagnosis & Treatment, Identification & Tracking, Fitness Monitoring, Behavior Monitoring & Control), By Product (Smart Collar, Smart Vest, Smart Harness, Smart Camera), By End-use (Household, Commercial), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1783/asia-pacific-pet-wearable-market
GPS-based technology is expanding due to the growing market for pet wearable security and monitoring devices. GPS-enabled wearable devices aid in the rescue of lost or stolen pets and provide owners with updates on their location through a smartphone app. Customers are drawn in by the growing requirement for reliable communication through integrated devices and software platforms for pet surveillance. For instance, in September 2020, Garmin Ltd. launched Alpha200i with improved mapping capabilities, a bigger, 3.5" sunlight-readable touchscreen display, a six-button user interface, and inReach satellite technology, which allow two-way communications & interactive SOS alerts.
Fitness monitoring is becoming popular in Asia Pacific as a canine-friendly wearable technology to track activities in pets including exercise, licking, scratching, and water drinking habits. These data points are frequently given through a smartphone app with an easy-to-use dashboard. It can track a pet's daily activities and sleep patterns, alerting owners of potential mobility, anxiety, and skin problems. It offers customized exercise suggestions and allows owners to compare their pets' daily exercise statistics.
The APAC pet wearable market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By Technology
Asia Pacific Market, By Application
Asia Pacific Market, By End-use
The above information has been provided for the following countries:
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