The Pet Tech Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Pet Tech Market?
The historical growth trend in the Pet Tech Global Market Report 2025 indicates that the market size has experienced rapid growth recently. It is projected to increase from $6.28 billion in 2024 to $7.53 billion in 2025, showing a compound annual growth rate (CAGR) of 19.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Pet Tech Industry?
The Pet Tech Global Market Report projects that the market size will increase to $15.74 billion in 2029. This will witness a compound annual growth rate (CAGR) of 20.3%.
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What are the Key Growth Drivers Fueling the Pet Tech Market?
The key drivers in the pet tech market are:
• Integration of AI and machine learning in pet tech
• Development of telehealth services for pets
• Expansion of smart pet home ecosystems
• Focus on environmental sustainability and customized nutrition solutions for pets
Global Market Segmentation: Identifying Major Pet Tech Industry Segments
The pet tech market covered in this report is segmented –
1) By Type: Radio Frequency Identification (RFID), Global Positioning System (GPS), Sensors, Other Types
2) By Distribution Channel: Offline, Online
3) By Application: Identification And Tracking, Behavior Monitoring And Control, Facilitation, Safety And Security, Medical Diagnosis And Treatment
4) By End Use: Commercial, Household
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What are the Emerging Trends Shaping the Future of the Pet Tech Market?
The key trends in the pet tech market are:
• AI and machine learning integration is a key emerging trend in pet tech market.
• Expansion of smart pet home ecosystems is a notable trend shaping the future.
• Focus on environmental sustainability and customized nutrition solutions is becoming more prevalent.
• Enhancements in wearable technology, smart feeding solutions, pet identification and tracking, and remote veterinary services are major upcoming trends.
Who Are the Top Competitors & Leading Players in the Pet Tech Market?
Major companies in the pet tech market are:
• Garmin Ltd.
• GoPro
• Loc8tor Ltd.
• Nedap NV
• Datamars
• Tractive
• Wag Inc.
• Invisible Fence
• Scollar Inc.
• Avid Identification Systems Inc.
• DOGVACAY
• PetPace LLC
• Allflex Group
• CleverPet
• Petcube Inc.
• Konectera
• Whistle Labs Inc.
• Furbo
• iFetch LLC
• Dogtra
• IceRobotics
• Fitbark
• Link AKC
• Pawscout Inc.
• Invoxia
• Felcana
• Actijoy Solution
• Powbo Inc.
• All Home Robotics
Regional Dominance: Which Area Leads the Global Pet Tech Market?
North America was the largest region in the pet tech market in 2024
