Global Pet Wearable Market Size & Share Report, 2030

The Pet Wearable  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Pet Wearable  Global Market Report 2024, The pet wearable market size has grown rapidly in recent years. It will grow from $3.44  billion in 2023 to $4  billion in 2024 at a compound annual growth rate (CAGR) of 16.4%.  The  growth in the historic period can be attributed to pet owner concerns for pet health and safety, increase in pet ownership and humanization, wearable technology adoption in other sectors, veterinary recommendations for monitoring, regulatory standards for pet safety.

The pet wearable market size is expected to see rapid growth in the next few years. It will grow to $7.61  billion in 2028 at a compound annual growth rate (CAGR) of 17.4%.  The growth in the forecast period can be attributed to expansion of telemedicine for pets, customized pet health and wellness plans, ai-driven pet behavior analysis, growth in pet fitness and activity tracking, smart pet products and accessories. Major trends in the forecast period include wearables for specific pet species (e.g., cats, birds), wearable tech for pet emotion recognition, augmented reality experiences for pets, pet data marketplaces and analytics, subscription-based pet monitoring services..

The rise in demand for pet monitoring globally contributed to the pet wearable market’s growth. Pet owners often view pets as family members and are willing to spend on pet products and services. According to the 2023-2024 APPA National Pet Owners Survey, conducted by the American Pet Products Association, 86.9 million U.S. families bought new pets during the pandemic. Additionally, according to the Pet Food Manufacturers Association, a UK-based trade body for the pet food industry, 3.2 million households in the UK acquired a new pet during the COVID-19 pandemic. The increase in the number of pets indicates a rise in demand for pet-related goods, including pet wearable devices.

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The 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

Companies operating in the pet wearable market are increasingly adopting IoT (Internet of Things) technology in pet tracking devices to allow pet owners to seamlessly track the activity and location of their pets. IoT-enabled pet tracking devices utilize IoT technology that uses GPS (Global Positioning System) or cellular tower triangulation to pinpoint the tracker’s location. This data can be accessed by a companion application that is installed on the pet owner’s smartphone. The advantages of IoT-enabled pet trackers include high precision in location tracking, geofencing notifications if the pet leaves a specified area, and longer battery life. For instance, in September 2021, Vodafone Group PLC, a UK-based multinational telecommunications company, launched the Curve Smart GPS tracker pack which is an IoT-enabled tracker which can be used to accurately pinpoint the pet’s location.

The pet wearable  market report table of contents includes:

 

1. Executive Summary
2. Pet Wearable Market Characteristics
3. Pet Wearable Market Trends And Strategies
4. Pet Wearable Market – Macro Economic Scenario
5. Global Pet Wearable Market Size and Growth

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31. Global Pet Wearable Market Competitive Benchmarking
32. Global Pet Wearable Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Pet Wearable Market
34. Pet Wearable Market Future Outlook and Potential Analysis
35. Appendix

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