Pet Tech Market Segmentation:
Type Segment Analysis
The RFID segment in pet tech market is anticipated to garner the highest revenue by the end of 2035 attributed to the growing need to monitor the temperature and heart rate of the pet. According to the Association for Pet Obesity Prevention in 2022, there is a 59% increase in obesity among dogs and a 61% increase in obesity in cats. The RFID trackers enable the monitoring of heart rate variability, caloric intake, body temperature, and pulse.
Product Segment Analysis
The tracking equipment segment in pet tech market is anticipated to grow significantly over the forecast period, backed by the growing need to monitor pet activity. As the number of lost pets is rising across the globe, there is a rise in demand for tech-enabled applications. The surge in safety concerns and the well-being of pets is driving the demand for GPS trackers among pet owners.
Our in-depth analysis of the global market includes the following segments:
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