Connect with us

Hi, what are you looking for?

HEADLINES

IDTechEx forecasts wearable technology for animals to be a $2.6B market

The new IDTechEx report “Wearable Technology for Animals 2015-2025” covers the needs, technologies and markets of wearable electronics for livestock, pets and wild animals

Fig 1. Main purposes of wearable and internal electronics for animals, with indication as to their maturity level - dark blue: very mature, light blue: maturing, orange: very early stage.

Dr. Peter Harrop
Chairman, IDTechEx

Wearable technology for humans is all the rage. As “the next big thing”, it involves head-on clashes between some of the largest companies on the planet. Those interested in such technologies would therefore be wise to take a look at wearable technology for animals – from ultrasound-delivering treatment patches and electronic saddle optimisation for horses to collars on many other animals that variously track, identify, diagnose and so on. Multi-functionality is a trend as with the human equivalents, both facing the challenge of “do more but stay simple to use”. Increased sophistication of function is the order of the day and now mobile phones can often access the data, replacing costly infrastructure, again mimicking the situation with human equivalents.

The new IDTechEx report “Wearable Technology for Animals 2015-2025” covers the needs, technologies and markets of wearable electronics for livestock, pets and wild animals. It forecasts that the global market, incorporating both RFID and non-RFID technologies, will reach $2.6 billion in 2025. The research analyses in detail six application markets sectors.

Fig 1. Main purposes of wearable and internal electronics for animals, with indication as to their maturity level - dark blue: very mature, light blue: maturing, orange: very early stage.

Fig 1. Main purposes of wearable and internal electronics for animals, with indication as to their maturity level – dark blue: very mature, light blue: maturing, orange: very early stage.

IDTechEx research predicts that during the next decade expenditure on medical diagnosis devices will increase in value market share from 11% to 23% and medical treatment (such as heating, cooling, ultrasound and drug delivery) will increase from a mere 1% to 13%. We are in the decade of wearable technology for animals being used for an addressable market of 22 billion human-controlled animals in the main but the decade may end with a rapid rise in tracing and treating endangered species in billions yearly.

Fig 2. Comparison of wearable technology for animals market sectors in 2014 and 2024.

Fig 2. Comparison of wearable technology for animals market sectors in 2014 and 2024.

 

Some RFID tagging will be subsumed by diagnostic devices that look the same, such as newly available stomach boluses, collars and implants. Legal push is in two directions, from requiring tagging of many forms of livestock in certain jurisdictions for disease control and quality improvement to some seeking to ban sale of “inhumane” dog training collars that administer electric shocks. Cameras on pets are surprisingly popular and a dog’s bark can now be interpreted and radioed to the owner when away. The number of protected fish tagged already runs into millions, tagging racing pigeons is a big business too and even bees are being tagged nowadays. This report has many other surprises, warnings, predictions and lessons from its deep analysis which includes a comparison of 141 manufacturers.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

For Lenovo Philippines, the film illustrates how technology can serve as an enabler rather than the center of the creative process—giving creators the tools...

HEADLINES

For many Filipino entrepreneurs, growing a negosyo doesn’t always begin with a big investment. Sometimes, it starts with just enough capital to restock in-demand...

HEADLINES

Once verified, these credentials can appear on a candidate’s Jobstreet profile with a verified badge. Employers can then have a clearer, more trustworthy view...

COMPUTERS

Powered by an Intel Core Ultra X7 processor 358H and Windows 11 Pro, the system delivers high-performance AI computing to expedite AI-assisted content creation,...

HEADLINES

Under this collaboration, Ormoc City-based Virtual Staffing Solutions will leverage Converge’s advanced pure fiber network to establish seamless, high-speed, and secure connections across its...

HEADLINES

Through its partnership with Khan Academy Philippines, Globe is helping connect students, parents, and teachers to free learning resources that can complement what happens...

HEADLINES

Candidates in pursuit of quality jobs and employers looking for best-fit talent take center stage in Jobstreet by SEEK’s latest video series, The First...

HEADLINES

Spanning over 20,000-kilometers, the Trans-Pacific Bifrost Cable System links the Philippines to Singapore, Indonesia, Guam, and the US, delivering a total design capacity of...

Advertisement