POINT ROBERTS, WA–(Marketwired – November 22, 2016) – Investorideas.com, a global news source covering technology issues a sector snapshot for the GPS pet tracking market and some of the publicly traded companies participating in the growing market opportunity. Flex, Garmin, Gopher Protocol (OTCQB: GOPH), Motorola Solutions, Inc. and Skyworks Solutions, Inc. all have products developed or in development for the GPS tracking sector of the pet wearable market.
According to Global Market Insights, the pet wearable market size will be worth over $2bn by 2023.
“The rising need for remote monitoring and tracking pets is anticipated to drive the industry over the next few years. The advent of various smart devices such as tablets and smartphones that help in instant tracking of pets is likely to propel the industry over the next few years. Increasing significance of GPS and RFID based devices is predicted to positively impact the pet wearable market size.”
The report also notes, “The U.S. pet wearable market size is predicted to continue its dominance due to surging adoption of these devices. Increasing spending on pet food, veterinary care and on other products and services is expected to drive the regional industry demand.”
Another research firm, Grand View Research, sees similar growth opportunity. They project the market reaching USD $2.36 billion by 2022. “Growing pet ownership coupled with increasing per capita expenditure on pets is expected to drive product demand over the forecast period. Over the next seven years, linkage of pet wearable with IoT & other mobile devices along with increasing dominance of certain vendors would challenge industry penetration of new entrants.”
In October, Gopher Protocol (OTCQB: GOPH) announced they had started building its initial 50 Guardian Sphere Devices, designed for tracking pets as well as other applications. The Sphere is an innovative tracking device that can easily be attached to a pet’s collar and then transmit real-time location information to the smartphone(s) or website account of the registered owner of the device. The Sphere has a replaceable battery and operates on the exclusive Guardian private network, which provides owners with the unique ability to obtain real-time tracking information without the need for GPS, Wi-Fi or cellular service. The Sphere includes state of the art radio technology, a GPS system and micro controller systems, with a potential “back-up” Bluetooth unit. The Sphere sends signals in specific intervals to report on its location. The Sphere’s system analyzes the information using its proprietary, advanced mathematical modeling software that precisely calculates the Sphere’s location. The Sphere’s mobile application then presents the exact location of the Sphere on the map. An additional unique system feature is the Sphere’s Emergency Alert system. Users of the Sphere have the ability to transmit emergency alerts directly from their mobile apps, which transmit their Sphere locations. All registered users located in such a Sphere’s proximity will be notified about the Emergency and may notify the user about the Sphere’s recovery (which we fondly refer to as a “private emergency alert”).
“The actual creation of our initial 50 Spheres along with their suggested final design is extremely exciting. These 50 Spheres will be tested as a complete system in San Diego, Los Angeles and San Francisco. We believe tests will be initiated by mid-November. Our goal in developing the Sphere is to provide pet owners with peace of mind through the use of an invaluable recovery tool which could enable them to track their pets in real-time should they ever become separated,” stated Company CTO, Dr. Danny Rittman.
Full news: http://www.investorideas.com/CO/GOPH/news/2016/10191GuardianSphereDevices.asp
Gopher Protocol (OTCQB: GOPH) is taking the tracking industry seriously and expanding their technology applications to meet other market needs. Just last week they released the GuardianPack, a unique application for tracking groups; a tracking application for IOS systems only, using GPS through a smartphone or through the web. News: https://finance.yahoo.com/news/gopher-protocol-release-basic-version-130000148.html
In September, hereO, creator of the first complete end-to-end family location service, announced it had entered into a product development and manufacturing partnership with Flex, the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world.
According to the press release, “Complementing hereO’s rapidly growing, industry-leading partnership line-up, Flex and hereO will collaborate on the design, engineering and production of the company’s next generation of family friendly wearable technology products — Pet Tracker, Tracker of Things, hereO Senior, and current in-market hereO GPS Watch for kids.”
In June of this year, Garmin International Inc., a unit of Garmin Ltd. announced new capabilities to its GPS dog tracking system, including the new Astro® 430, a GPS and GLONASS dog tracking handheld that can track up to 20 dogs at a range of up to nine miles, and is capable of updating their location every 2.5 seconds. The unit can be used in conjunction with the new DriveTrack™ 70 LMT, a seven-inch touchscreen dashboard navigator that tracks dogs from inside a vehicle and navigates to them. In addition, hunters can now see their dogs’ whereabouts on any fēnix® 3 watch. The capabilities extend to existing Alpha tracking and training systems as well.
Skyworks Solutions, Inc. announced in May that its front-end modules are being leveraged by Iotera, a leader in wireless technologies for wide area Internet of Things applications, across their family of IOTA® GPS-enabled tracking products. Initially deployed for tracking pets, these devices are now being utilized to protect vehicles, bicycles and other personal items. Tracking is becoming an increasingly important opportunity as the Internet of Things explosion proliferates and encompasses a wide range of new and previously unimagined applications ranging from smart meters and connected vehicles, to security systems and industrial uses. Skyworks’ connectivity solutions extend range and maximize battery life in these types of devices.
Motorola Solutions, Inc. announced its new VerveRetrieve waterproof GPS pet tracker at CES 2016 and other technology conferences at the beginning of the year but it’s unclear presently if it’s in the market. The GPS pet tracker lets pet owners find their lost dog and track activity anywhere with cellular data and it includes lifetime1 tracking warranty. VerveRetrieve is IP67 waterproof and offers lifetime GPS tracking, virtual fence and wander alert via the Hubble application for iOS and Android. The Motorola SCOUT5000 wearable camera with GPS lets you know where your dog is at all times. The wide angle camera allows you to stream live video of what your dog is seeing on your compatible device; while GPS real-time tracking lets you know the exact whereabouts of your pet so you can bring them home if they wander off.
Featured GPS Stock
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” and the “Company”) (http://gopherprotocol.com) is a development-stage company developing a real-time, heuristic-based mobile technology. Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that will run on a server. The system contemplates the creation of a global network. Gopher believes this will be among the first system that is developed using a human, heuristic-based analysis engine. Since the core of the system will be its advanced microchip technology that will be capable of being installed in any mobile device worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the microchip by providing mobile technology for computing power enhancement, advanced mobile database management/sharing and other additional mobile features.
Corporate Site: http://gopherprotocol.com
Press page/ press kit – http://gopherprotocol.com/?page_id=228
Consumer and product website for Guardian Patch: http://www.guardianpatch.com
Directory of GPS Stocks http://www.investorideas.com/TSS/stock_list.asp#gps
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