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APAC Pet Wearable Market revenue to cross $1.5 Bn by 2026

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APAC Pet Wearable Market size is poised to exceed USD 1.5 billion by 2026, according to a latest forecast report by Graphical Research.

Rising disposable income in Asia Pacific countries will drive the market growth. According to the World Economic Forum, China, India, and countries in South-East Asia will contribute to approximately 60% of the global growth. The rapidly advancing digital economy in Asia Pacific and growing labor force in developing countries including Indonesia, the Philippines, and Malaysia have driven the per capita disposable income. In Asia Pacific, consumers are heavily investing in pet care products and advanced wearable technology to care for their pets efficiently.

The growing need for obligatory RFID tagging of farm animals in Australia will propel the Asia Pacific pet wearable market demand. According to the National Livestock Identification System (NLIS), all farm animals in Australia, such as cattle, sheep, and goats, should be tagged with RFID tags to identify & track farm animals and trace them during outbreaks.

Browse detailed statistical insights from the report, “Asia Pacific Pet Wearable Market Size By Application (Medical Diagnosis & Treatment, Identification & Tracking, Behavior Monitoring & Control, Fitness Monitoring), By Product (Smart Collar, Smart Vest, Smart Harness, Smart Camera), By Technology (RFID Devices, GPS, Sensor, Bluetooth, Others), By End-use (Household, Commercial), Research Report, Country Outlook (China, India, Japan, Australia), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1783/asia-pacific-pet-wearable-market

Owners are investing in pet wearables for daily activities, measuring pulse & heart rate, calories measurement, and disease monitoring. Moreover, pet wearables enhance fitness levels, track medication, and increase personal security.

Rising consumer disposable income and usage of smartphones will drive the market revenue. Due to these factors, pet owners are focusing on buying mobile-operated and remotely accessed innovative pet wearable devices for monitoring and tracking various parameters. Moreover, the rising aged population in China and Japan will generate a major need for buying pets to reduce loneliness and stress, directly impacting the market growth.

Key players operating in the market include Xiaomi Corporation, GoPro Inc., Petpuls, and Garmin, among others. Companies are focusing on the development of energy and cost-efficient pet wearables with the use of advanced sensors and wireless technologies. For instance, in June 2018, Xiaomi Corporation launched PetBit, a pet wearable device for calculating & tracking walking time and showing calories burnt information. With a battery backup of 30 days, PitBit operates on Narrowband-IoT (NB-IoT) that not only offers power-saving mode but also offers location information.

The APAC pet wearable market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2015 to 2026 for the following segments:

Asia Pacific Market, By Product

  • Smart collar
  • Smart vest
  • Smart harness
  • Smart camera

Asia Pacific Market, By Technology

  • RFID
  • GPS
  • Sensor
  • Bluetooth
  • Others

Asia Pacific Market, By Application

  • Medical diagnosis & treatment
  • Identification & tracking
  • Fitness monitoring
  • Behavior monitoring & control

Asia Pacific Market, By End-use

  • Household
  • Commercial

The above information has been provided for the following countries:

  • Asia Pacific 
    • China
    • India
    • Japan
    • Australia