The global pet wearable market size is expected to reach USD 6,888.1 million by 2030 and is set to expand at a CAGR of 14.3% from 2023-2030. The market has experienced enormous growth as a result of the widespread use of electronic manufacturers' research and the combination of mobile technology with wearables. The growth of wearables is just beginning to grow, and in the years to come, promises a major revolution in everyday interaction between pets and their owner.
The future of the pet wearable industry is predicted to witness a positive growth trajectory due to consumer expenditure that is motivated by personal factors. These include emotional attachment, reliance on pets for company, entertainment, and mental well-being.
Pet owners' concern for their pets' welfare is boosting pet wearables market growth opportunities. Additionally, an increase in the percentage of pet owners and the requirement to monitor their behavior in real-time will encourage more growth in the future. In order to regularly collect pet data, pet owners have recently increased their spending on high-tech gear. They can monitor the activities and health of their pets thanks to this crucial information.
Despite being in its infancy, the pet wearable industry is seeing breakthroughs because of the spread of artificial intelligence and rising internet usage. Growth is also anticipated to be aided by the creation of low-cost sensors, smartphone applications, GPS, and other technologies. Additionally, these investments from major players in pet care and insurance will open up new growth opportunities.
The U.S. has a high pet wearable device penetration rate due to rising pet well-being awareness and rising pet care expenditures, which is anticipated to increase the industry as a whole. The American Pet Products Association estimates that U.S. spending on the pet sector was USD 97.1 billion in 2019 and will likely top USD $100 billion by 2021. Currently, the pet wearable industry is expanding primarily due to the pet wearable industry in the developing nations of Latin America, Asia Pacific, the Middle East, and Africa.
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The future of the pet wearable industry is predicted to witness a positive growth trajectory due to consumer expenditure that is motivated by personal factors. These include emotional attachment, reliance on pets for company, entertainment, and mental well-being.
Pet owners' concern for their pets' welfare is boosting pet wearables market growth opportunities. Additionally, an increase in the percentage of pet owners and the requirement to monitor their behavior in real-time will encourage more growth in the future. In order to regularly collect pet data, pet owners have recently increased their spending on high-tech gear. They can monitor the activities and health of their pets thanks to this crucial information.
Despite being in its infancy, the pet wearable industry is seeing breakthroughs because of the spread of artificial intelligence and rising internet usage. Growth is also anticipated to be aided by the creation of low-cost sensors, smartphone applications, GPS, and other technologies. Additionally, these investments from major players in pet care and insurance will open up new growth opportunities.
The U.S. has a high pet wearable device penetration rate due to rising pet well-being awareness and rising pet care expenditures, which is anticipated to increase the industry as a whole. The American Pet Products Association estimates that U.S. spending on the pet sector was USD 97.1 billion in 2019 and will likely top USD $100 billion by 2021. Currently, the pet wearable industry is expanding primarily due to the pet wearable industry in the developing nations of Latin America, Asia Pacific, the Middle East, and Africa.
Pet Wearable Market Report Highlights
- During the forecast period, the GPS-enabled pet wearable devices sector is expected to grow at the quickest CAGR of 15%. Key elements promoting category growth include tracking and monitoring
- With a CAGR of 62.01%, the tracking and identification category is anticipated to grow at the quickest rate. Demand is projected to be boosted by the requirement to monitor a pet's pulse, temperature, and eating patterns as well as record their medical history
- As an early adopter of technology, North America's pet wearables market is expected to account for nearly 30% of worldwide sales in 2022. The market for surface vision and inspection in the region is anticipated to increase with the help of the goods
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Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. List Of Secondary Sources
1.4.4. Primary Research
1.4.4.1. List of Primary Sources:
1.5. Information Analysis
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing
Chapter 2. Executive Summary
Chapter 3. Market Snapshot
3.1. Pet Wearable - Market Snapshot
Chapter 4. Pet Wearable Market Variables, Trends & Scope
4.1. Pet Wearable Market: Value Chain Analysis
4.1.1. Vendor landscape
4.1.1.1. Key wearable component vendors
4.1.1.2. Investors for pet technology (wearables and hardware) companies
4.1.1.3. Pet insurance companies’ insight
4.2. Case Study
4.2.1. IOT use case (pet tracking)
4.2.2. NB-IoT ecosystem
4.2.2.1. Target industries for NB-IoT services
4.2.3. IoT-based pet health monitoring solution
4.2.4. Use of smartphone-connected wearables to help pets shed extra weight
4.3. Market Dynamics
4.3.1. Market driver analysis
4.3.1.1. Rising adoption and expenditure on medical diagnosis
4.3.1.2. Increasing demand for GPS-based microchips
4.3.1.3. Increasing investment in pet technology
4.3.2. Market Restraint analysis
4.3.2.1. Lack of wireless framework in developing countries
4.3.2.2. High power consumption and procurement costs
4.4. Pet Wearable Industry Analysis - Porter’s five forces
4.5. Pet Wearable Industry Analysis - PEST Analysis
4.6. Penetration & Growth Prospect Mapping
4.7. Pet Wearable Market - Key Company Ranking Analysis, 2022
Chapter 5. Pet Wearable Market: Technology Segment Analysis
5.1. Pet Wearable Market: By Technology Segment Outlook & Market Share 2022 & 2030
5.2. RFID
5.2.1. RFID Market, By Region, 2018 - 2030 (USD Million)
5.3. GPS
5.3.1. GPS Market, By Region, 2018 - 2030 (USD Million)
5.4. Sensors
5.4.1. Sensors Market, By Region, 2018 - 2030 (USD Million)
Chapter 6. Pet Wearable Market: Application Segment Analysis
6.1. Pet Wearable Market: By Application Segment Outlook & Market Share 2022 & 2030
6.2. Identification & Tracking
6.2.1. Identification & tracking Market, By Region, 2018 - 2030 (USD Million)
6.3. Behavior Monitoring & Control
6.3.1. Behavior Monitoring & Control Market, By Region, 2018 - 2030 (USD Million)
6.4. Facilitation, Safety & Security
6.4.1. Facilitation, Safety & Security Market, By Region, 2018 - 2030 (USD Million)
6.5. Medical Diagnosis & Treatment
6.5.1. Medical Diagnosis & Treatment Market, By Region, 2018 - 2030 (USD Million)
Chapter 7. Pet Wearable Market: Regional Segment Analysis
7.1. Pet Wearable Market: By Region Segment Outlook & Market Share 2022 & 2030
7.2. North America
7.2.1. North America Pet Wearable Market, By Country, 2018 - 2030 (USD Million)
7.2.2. North America Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.2.3. North America Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. U.S. Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.2.4.2. U.S. Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Canada Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.2.5.2. Canada Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe pet wearable Market, By Country, 2018 - 2030 (USD Million)
7.3.2. Europe pet wearable Market, By Technology, 2018 - 2030 (USD Million)
7.3.3. Europe Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.3.4. Germany
7.3.4.1. Germany Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.3.4.2. Germany Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.3.5. U.K.
7.3.5.1. U.K. Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.3.5.2. U.K. Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.3.6. France
7.3.6.1. France Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.3.6.2. France Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.3.7. Spain
7.3.7.1. Spain Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.3.7.2. Spain Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.3.8. Rest of Europe
7.3.8.1. Rest of Europe Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.3.8.2. Rest of Europe Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific pet wearable Market, By Country, 2018 - 2030 (USD Million)
7.4.2. Asia Pacific pet wearable Market, By Technology, 2018 - 2030 (USD Million)
7.4.3. Asia pacific Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.4.4. China
7.4.4.1. China Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.4.4.2. China Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.4.5. India
7.4.5.1. India Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.4.5.2. India Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.4.6. Japan
7.4.6.1. Japan Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.4.6.2. Japan Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.4.7. Rest of Asia Pacific
7.4.7.1. Rest of Asia Pacific Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.4.7.2. Rest of Asia Pacific Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.5. Latin America
7.5.1. Latin America Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.5.2. Latin America Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.5.3. Brazil
7.5.3.1. Brazil Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.5.3.2. Brazil Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.5.4. Mexico
7.5.4.1. Mexico Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.5.4.2. Mexico Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.5.5. Rest of Latin America
7.5.5.1. Rest of Latin America Pet Wearable Market, By Technology, 2018 - 2030 (USD Million)
7.5.5.2. Rest of Latin America Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
7.6. Middle East & Africa (MEA)
7.6.1. MEA pet wearable Market, By Technology, 2018 - 2030 (USD Million)
7.6.2. MEA Pet Wearable Market, By Application, 2018 - 2030 (USD Million)
Chapter 8. Competition Landscape
8.1. Allflex USA Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.2. Avid Identification Systems, Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.3. Datamars
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Fitbark
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Garmin Ltd.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Intervet Inc. (Merck & Co. inc.)
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.7. Invisible Fence
8.7.1. Company Overview
8.7.2. Product Benchmarking
8.7.3. Strategic Initiatives
8.8. link akc
8.8.1. Company Overview
8.8.2. Product Benchmarking
8.8.3. Strategic Initiatives
8.9. loc8tor Ltd.
8.9.1. Company Overview
8.9.2. Product Benchmarking
8.10. nuzzle
8.10.1. Company Overview
8.10.2. Product Benchmarking
8.10.3. Strategic Initiatives
8.11. PetPace LLC
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Tractive
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Trovan Ltd.
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.14. Whistle Labs, Inc.
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Voyce
8.15.1. Company Overview
8.15.2. Product Benchmarking
8.15.3. Strategic Initiatives
List of Tables
Table 1 Global pet wearable market, 2018 - 2030 (USD Million)
Table 2 Global pet wearable market, by region, 2018 - 2030 (USD Million)
Table 3 Global pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 4 Global pet wearable market, by application, 2018 - 2030 (USD Million)
Table 5 Key wearable component vendors
Table 6 Investors for pet technology (wearables and hardware) companies
Table 7 Pet insurance companies’ insight
Table 8 Pet Wearable Devices
Table 9 Pet wearable market - Key company ranking analysis, 2022
Table 10 RFID market, by region, 2018 - 2030 (USD Million)
Table 11 GPS market, by region, 2018 - 2030 (USD Million)
Table 12 Sensors market, by region, 2018 - 2030 (USD Million)
Table 13 Identification & tracking market, by region, 2018 - 2030 (USD Million)
Table 14 Behavior monitoring & control market, by region, 2018 - 2030 (USD Million)
Table 15 Facilitation, safety & security market, by region, 2018 - 2030 (USD Million)
Table 16 Medical diagnosis & treatment market, by region, 2018 - 2030 (USD Million)
Table 17 North America pet wearable market, by country, 2018 - 2030 (USD Million)
Table 18 North America pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 19 North America pet wearable market, by application, 2018 - 2030 (USD Million)
Table 20 U.S. pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 21 U.S. pet wearable market, by application, 2018 - 2030 (USD Million)
Table 22 Canada pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 23 Canada pet wearable market, by application, 2018 - 2030 (USD Million)
Table 24 Europe pet wearable market, by country, 2018 - 2030 (USD Million)
Table 25 Europe pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 26 Europe pet wearable market, by application, 2018 - 2030 (USD Million)
Table 27 Germany pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 28 Germany pet wearable market, by application, 2018 - 2030 (USD Million)
Table 29 U.K. pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 30 U.K. pet wearable market, by application, 2018 - 2030 (USD Million)
Table 31 France pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 32 France pet wearable market, by application, 2018 - 2030 (USD Million)
Table 33 Spain pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 34 Spain pet wearable market, by application, 2018 - 2030 (USD Million)
Table 35 Rest of Europe pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 36 Rest of Europe pet wearable market, by application, 2018 - 2030 (USD Million)
Table 37 Asia Pacific pet wearable market, by country, 2018 - 2030 (USD Million)
Table 38 Asia Pacific pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 39 Asia Pacific pet wearable market, by application, 2018 - 2030 (USD Million)
Table 40 China pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 41 China pet wearable market, by application, 2018 - 2030 (USD Million)
Table 42 India pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 43 India pet wearable market, by application, 2018 - 2030 (USD Million)
Table 44 Japan pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 45 Japan pet wearable market, by application, 2018 - 2030 (USD Million)
Table 46 Rest of Asia Pacific pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 47 Rest of Asia Pacific pet wearable market, by application, 2018 - 2030 (USD Million)
Table 48 Latin America pet wearable market, by country, 2018 - 2030 (USD Million)
Table 49 Latin America pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 50 Latin America pet wearable market, by application, 2018 - 2030 (USD Million)
Table 51 Brazil pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 52 Brazil pet wearable market, by application, 2018 - 2030 (USD Million)
Table 53 Mexico pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 54 Mexico pet wearable market, by application, 2018 - 2030 (USD Million)
Table 55 Rest of Latin America pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 56 Rest of Latin America pet wearable market, by application, 2018 - 2030 (USD Million)
Table 57 MEA pet wearable market, by technology, 2018 - 2030 (USD Million)
Table 58 MEA pet wearable market, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Pet wearable market segmentation
Fig. 2 Market research process
Fig. 3 Primary research process
Fig. 4 Information Analysis
Fig. 5 Data validation and publishing
Fig. 6 Pet wearable market snapshot
Fig. 7 Value chain analysis
Fig. 8 Target industries for NB-IoT services
Fig. 9 Market dynamics
Fig. 10 Market driver analysis
Fig. 11 Market restraint analysis
Fig. 12 Porter’s analysis
Fig. 13 PEST analysis
Fig. 14 Penetration & growth prospect mapping
Fig. 15 Application screenshots - Android platform
Fig. 16 Application screenshots - iOS and Android platform
Fig. 17 Application screenshots - PC software application platform
Fig. 18 Pet wearable market: By technology segment outlook & market share, 2022 & 2030
Fig. 19 Pet wearable market: By application segment outlook & market share, 2022 & 2030
Fig. 20 Pet wearable market: By region segment outlook & market share, 2022 & 2030
Companies Mentioned
- Allflex Usa Inc.
- Avid Identification Systems, Inc.
- Datamars
- Fitbark
- Garmin Ltd.
- Intervet Inc. (Merck & Co. Inc.)
- Invisible Fence
- Link Akc
- Loc8Tor Ltd.
- Nuzzle
- Petpace LLC
- Tractive
- Trovan Ltd.
- Whistle Labs, Inc.
- Voyce
Methodology
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