Pet Wearable Market Industry Analysis, Opportunity Assessment And Forecast Upto 2016 - 2024
The increasing awareness about pet health, coupled with the rising inclination towards pet fitness and medical care is projected to promote the growth of the global pet wearable market . Pet wearable devices consist of sensors that work in conjunction with other wearable devices specifically built for pets used for tracking health and location as well. GPS Segment holding highest Revenue Owing to Advancement in Wireless Infrastructure In terms of classification by technology, the market is dominated by the GPS segment on account of the increasing advancement and rapid adoption of wireless telecommunication technology and the increasing adoption of GPS collars for pet monitoring. According to a research report by Transparency Market Research, the value of the global pet wearable market was USD 1.0 billion in the year 2016. It is likely to rise at a CAGR of 12% to reach USD 2.5 billion by the end of 2024. The forecast period is set between 2016 and 2024. Rising Need for Track...