Global Pet Wearable market research 2024, Forecast To 2033
7 Feb, 2024
The pet wearable market has experienced significant growth in recent years, expanding from $3.44 billion in 2023 to $4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 16.4%. This growth during the historical period is attributed to pet owners' increasing concerns for pet health and safety, the rise in pet ownership and humanization, the adoption of wearable technology in various sectors, veterinary recommendations for monitoring, and the implementation of regulatory standards for pet safety. Looking ahead to 2028, the market is expected to continue its robust growth, reaching $7.61 billion with a CAGR of 17.4%. Anticipated factors contributing to this growth include the expansion of telemedicine for pets, the development of customized pet health and wellness plans, AI-driven pet behavior analysis, the proliferation of pet fitness and activity tracking, and the introduction of smart pet products and accessories.
Global Pet Wearable Market Key Driver
The pet wearable market is experiencing growth driven by the rise in demand for pet monitoring globally. During the COVID-19 pandemic, 86.9 million U.S. families acquired new pets, and 3.2 million households in the UK did the same. This increase in pet ownership indicates a higher demand for pet-related goods, including wearable devices.
Get A Free Sample Of The Global Pet Wearable Market ReportGlobal Pet Wearable Market Segments
The global pet wearable market covered in this report is segmented –
1) By Product Type: Smart Collar, Smart Camera, Smart Harness and Vest, Other Product Types
2) By Technology: RFID Devices, GPS, Sensor, Bluetooth, Other Technologies
3) By Application: Identification and Tracking, Monitoring and Control, Medical Diagnosis and Treatment, Other Applications
By Geography: The regions covered in the Pet Wearable market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the pet wearable market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the pet wearable market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Pet Wearable Industry Players
Allflex Inc., Avid Identification Systems Inc., Dairymaster Ltd., Datamars Inc., Felcana, FitBark Inc., Garmin Ltd., GoPro Inc., Intervet Inc., Invisible Fence Inc., Konectera Inc., Scollar Inc., Tractive GmbH, Trovan Global, PetPace Ltd., Motorola Mobility LLC, Num’axes S.A., Dogtra Shop Ltd., Dog Tracker Nano, DeLaval Inc., Indiegogo Inc., GIBI Technologies Inc., Nedap NV, Omnia Technologies Pvt. Ltd., Pawbo Inc., Wagz Inc., Link AKC, Mars Incorporated, Loc8tor Ltd., Anser Innovation LLC, Pet Vu Inc., Petrek Mechanical Contractors Ltd., DOTT Services Ltd., WonderWoof Pvt. Ltd., Pawscout Inc., Voyce Inc., Petkit Network Technology Co. Ltd.
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Pet Wearable Market Overview
Pet wearables refer to devices worn on the pet's body, such as dogs, cats, and other pets, to serve various purposes, such as identification, tracking, monitoring, controlling, medical diagnosis, treatment, facilitation, safety, and security. These devices help get the data, which is tracked through a companion app installed on the pet owner's smart device. The pet wearable is used to track information related to pets, such as fitness, activity, sleeping time, behavior, and steps.
Pet Wearable Global Market Report 2023 provides data on the global pet wearable market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pet wearable market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.