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U.S. Pet Wearable Market Size, Share & Trends Analysis Report By Technology (RFID, GPS, Sensors), By Application (Identification & Tracking, Medical Diagnosis & Treatment), And Segment Forecasts, 2021 - 2028

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  • 120 Pages
  • September 2021
  • Region: United States
  • Grand View Research
  • ID: 5450224
The U.S. pet wearable market size is forecast to reach USD 1.63 billion by 2028, registering a CAGR of 12.9% from 2021 to 2028, as per a study conducted by the publisher The rising levels of disposable income, the growing purchasing power of consumers, and subsequently the increasing spending on pets are some of the key factors that are expected to drive the growth of the market over the forecast period. The strong emphasis that pet owners in the U.S. are putting on investing in pet wearable devices to keep their pets happy, healthy, and safe is supporting the market growth.

According to the American Pet Products Association (APPA), pet owners in the U.S. spent around USD 99 billion on their pets in 2020 as against USD 69.4 billion in 2017. Out of that total expenditure, USD 40.9 billion were spent on veterinary care, insurance, pet wearable devices, grooming, and training. The growing popularity of pet wearable devices is particularly opening opportunities for introducing pet wearable devices based on IoT technology.

The pet wearable market is still in the nascent stage. However, manufacturers are focusing on developing new and innovative products capable of gathering the health metrics of pets, which can be very beneficial to veterinarians. Pet care companies are spending on pet care hospitals to offer collaborative services to pet owners. For instance, in August 2019, Petco Animal Supplies Inc. expanded the footprints of their in-store veterinary clinics and hospitals in the U.S.

Some of the dominant players in the market include Konectera Inc.; Datamars; Allflex USA Inc.; Avid Identification Systems, Inc.; Intervet Inc.; FitBark; Garmin Ltd.; Link AKC; and Invisible Fence. These players focus on new product launches, mergers and acquisitions, and strategic partnerships and collaborations to enhance their product offerings. For instance, in December 2018, FitBark formed a partnership with Fitbit, a prominent player in human health technology. This partnership was established to promote healthy habits for both human as well as the pet. From the first quarter of 2019, the FitBark app and watch face for Fitbit Versa will show stats such as distance, activity, and calories burned of both humans as well as for their pet dog.

U.S. Pet Wearable Market Report Highlights

  • The GPS segment dominated the market in 2020 with a revenue share of 44.4%. The growing instances of missing pets in the U.S. is driving the use of GPS-based pet wearable devices that can help in tracking a missing pet
  • The identification and tracking segment dominated the market in 2020 and is projected to reach USD 0.94 billion by 2028. The wearable can help animal rescue in identifying the pet and its owner and return the pet to the rightful owner

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Frequently Asked Questions about the U.S. Pet Wearable Market

What is the estimated value of the U.S. Pet Wearable Market?

The U.S. Pet Wearable Market was estimated to be valued at $0.62 Billion in 2020.

What is the growth rate of the U.S. Pet Wearable Market?

The growth rate of the U.S. Pet Wearable Market is 12.9%, with an estimated value of $1.63 Billion by 2028.

What is the forecasted size of the U.S. Pet Wearable Market?

The U.S. Pet Wearable Market is estimated to be worth $1.63 Billion by 2028.

Who are the key companies in the U.S. Pet Wearable Market?

Key companies in the U.S. Pet Wearable Market include Allflex USA Inc., Avid Identification Systems, Inc., Datamars, Fitbark, Garmin Ltd., Intervet Inc., Invisible Fence, Konectera Inc., Link AKC and Loc8tor Ltd..

Table of Contents

Chapter 1 Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.5. Market Formulation and Data Visualization
1.6. Data Validation and Publishing
Chapter 2. Executive Summary
Chapter 3. U.S. Pet Wearable Market Variables, Trends, and Scope
3.1. Penetration and Growth Prospect Mapping
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market challenge analysis
3.3. Industry Value Chain Analysis
3.4. Business Environment Analysis Tools
3.4.1. Industry analysis - Porter’s five forces analysis
3.4.2. PEST analysis
3.5. U.S. Pet Wearable Market: Key Company Analysis, 2020
3.6. Impact of COVID-19 on the U.S. Pet Wearable Market
Chapter 4. U.S. Pet Wearable Market Technology Segment Analysis
4.1. RFID
4.1.1. RFID U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
4.2. GPS
4.2.1. GPS U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
4.3. Sensors
4.3.1. Sensors U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
Chapter 5. U.S. Pet Wearable Market Application Segment Analysis
5.1. Identification & Tracking
5.1.1. Identification & Tracking U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
5.2. Behavior Monitoring & Control
5.2.1. Behavior Monitoring & Control U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
5.3. Facilitation, Safety & Security
5.3.1. Facilitation, Safety & Security U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
5.4. Medical Diagnosis & Treatment
5.4.1. Medical Diagnosis & Treatment U.S. Pet Wearable Market, 2018 - 2028 (USD Million)
Chapter 6. Competitive Landscape
6.1. Allflex USA Inc.
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. Avid Identification Systems, Inc.
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. Datamars
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. Fitbark
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. Garmin Ltd.
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. Intervet Inc.
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. Invisible Fence
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. Konectera Inc.
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. Link AKC
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Loc8tor Ltd.
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
6.11. PetPace LLC
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Strategic Initiatives
6.12. Ridogulous Labs Inc.
6.12.1. Company Overview
6.12.2. Financial Performance
6.12.3. Product Benchmarking
6.12.4. Strategic Initiatives
6.13. Trovan Ltd.
6.13.1. Company Overview
6.13.2. Financial Performance
6.13.3. Product Benchmarking
6.13.4. Strategic Initiatives
6.14. Whistle Labs, Inc.
6.14.1. Company Overview
6.14.2. Financial Performance
6.14.3. Product Benchmarking
6.14.4. Strategic Initiatives
List of Tables
Table 1 U.S.Pet wearable - Key market driver impact
Table 2 Key wearable component vendors
Table 3 Investors for pet technology (wearables and hardware) companies
Table 4 U.S. Pet wearable - Key Company Analysis, 2020
Table 5 U.S. pet wearable market, by technology, 2018 - 2028 (USD Million)
Table 6 U.S. pet wearable market, by application, 2018 - 2028 (USD Million)
List of Figures
Figure. 1 U.S. Pet Wearable segmentation and scope
Figure. 2 U.S. Pet Wearable research methodology
Figure. 3 Market research process
Figure. 4 Primary research process
Figure. 5 Information Analysis
Figure. 6 Data validation and publishing
Figure. 7 U.S. Pet Wearable market penetration and growth prospect mapping
Figure. 8 U.S. Pet Wearable market: Value chain analysis
Figure. 9 Market driver impact analysis
Figure. 10 Market restraint impact analysis
Figure. 11 U.S. Pet Wearable market: PEST analysis
Figure. 12 U.S. Pet Wearable market: PORTER’s five forces analysis

Companies Mentioned

  • Allflex USA Inc.
  • Avid Identification Systems, Inc.
  • Datamars
  • Fitbark
  • Garmin Ltd.
  • Intervet Inc.
  • Invisible Fence
  • Konectera Inc.
  • Link AKC
  • Loc8tor Ltd.
  • PetPace LLC
  • Ridogulous Labs Inc.
  • Trovan Ltd.
  • Whistle Labs, Inc.