Animal Safety Devices Market Analysis

The animal safety devices market is segmented based on technology into RFID, GPS, sensors, and others, out of which, the RFID segment is anticipated to grab the largest share during the forecast period on account of higher reliability, productivity, accuracy, and transparency of RFID devices in pet identification and tracking. Furthermore, adoption of Wi-Fi-enabled RFID devices that track a pet’s location at all times is also gaining traction since the last few years, which in turn is assessed to drive growth of the animal safety devices market segment in the future. Moreover, on the basis of application, the identification and tracking segment is projected to grow with a significant CAGR over the forecast period, which can be ascribed to the growing concerns of people to prevent pet thefts and rising investments in wearable tracking devices such as smart collars and smartwatches for dogs. 

Our in-depth analysis of the global market includes the following segments