Industry Background:
The pet tracking system enables pet owners to log and track their pets throughout an indoor environment such as a house or apartment. Growth in wireless technology, improved microprocessors, and enhanced power support are the factors responsible for driving the global pet tracking system market. The current pet tracking system uses motes with environment sensor boards attached to them. One of these motes is devoted to the pet and used to track its location, activity and surrounding environment.
This growth is primarily driven by Growing demand for GPS-based microchips and Increasing Awareness towards Pet Fitness and Health.
Globally, a noticeable market trend is evident Growing Adoption and Expenditure on Medical Diagnosis. Major Players, such as Pod Trackers Pty Ltd (Australia), Link AKC (United States), Tractive (Austria), Whistle Labs, Inc (United States), Loc8tor Ltd (United Kingdom), Pitpatpet Ltd (United Kingdom), KYON (United Kingdom), Garmin (United States), PetPace (United States) and Petrek (New Zealand) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing demand for GPS-based microchips
- Increasing Awareness towards Pet Fitness and Health
Market Trend
- Growing Adoption and Expenditure on Medical Diagnosis
Restraints
- Lack of Wireless Network in Developing Countries
Opportunities
Advancements in the Tracking Software
Challenges
High Power Consumption and Procurement Costs of Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Pet Tracking Systems Study Sheds Light on
The Pet Tracking Systems Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pet Tracking Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pet Tracking Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.