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Pet Wearable Market Size, Share & Industry Trends Analysis Report By Application, By Technology, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 143 Pages
  • May 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615579

The Global Pet Wearable Market size is expected to reach $4.9 billion by 2028, rising at a market growth of 13.1% CAGR during the forecast period.

Pet wearables are electronic devices that can be mounted on a pet's body to aid in identification, medical diagnosis, tracking, monitoring, controlling, treatment, facilitation, safety, and security, among other things. A GPS tracking device helps owners to keep control of their pets' activities and is the most basic type of pet wearable. Advanced pet wearables can operate as an animal translator, measuring pet behaviors and well-being to help owners better understand their pets' requirements and attitudes while also bringing them closer together. More importantly, they develop a framework for animal health at home or elsewhere, as well as collect useful data for vets. All of these reasons contribute to the global expansion of the pet wearable market.

The industry is growing because pet owners are more attentive to their pets' well-being nowadays. Additionally, over the last few years, the pet wearable market has garnered significant funding for a variety of technology-enhanced devices for pets, like cameras and wearables. The sector is still in the early phases of growth. Meanwhile, increased competition among key players and the prospect of new entrants continue to characterize it. OEM's main focus will be on developing products that can capture health metrics quickly and more efficiently.

In the future, the Internet of Things will be critical in driving market growth. The connectivity provided by these gadgets is expected to make it possible to provide real-time data about pet health to vets or pet owners. The non-invasive wearable sensor system, which combines an electrocardiogram, photoplethysmography, and inertial measurement units, is used to constantly monitor the health state of pet animals. Sensors, cameras, GPS, and other technological advancements is expected to boost the demand for these devices in the future. Any progress in these domains is expected to be beneficial to the growth of the pet wearables market since technology plays a crucial role in any electronic gadget.

COVID-19 Impact Analysis

The pet wearable market has benefited from the abrupt breakout of the COVID-19 epidemic. Pet adoption has grown increasingly popular among pet lovers as more people were working remotely, primarily from home, due to the lockdown. The COVID-19 pandemic also resulted in a considerable surge in dog adoption. Animal rescues and adoptions increased during the initial period of the COVID-19 crisis. Vaccinations, neutering programs, and frequent veterinarian visits, on the other hand, have been viewed as a barrier to ongoing pet adoption during the pandemic.

Market Growth Factors

An Increasing Number Of Applications Along With Technological Advancements In The Pet Wearable Sector

In recent years, many industries, like pet food and accessories, have experienced exponential development. Grooming, nutritional supplements, pet day-care, and novel products, such as wearable communications systems for pets are all available in the pet market. Other value-added services including fitness tracking, sleep tracking, step tracking, and behavior tracking are continually being developed.

Rising Demand For Sensor-Based Smart Harnesses And Smart Collars

The smart pet collar is a device that connects to a smartphone via Wi-Fi or Bluetooth and provides information about the pet's whereabouts, training activity, and other factors. It is a multi-purpose tool, unlike the present standard collar. This collar allows pet owners to track their pets using GPS technology, communicate with others via an LED display on the collar's exterior, and monitor, track, and receive messages including other information along with alerts about their pet. Additionally, it is expected to enable users to track many aspects of their pet's health.

Market Restraining Factors

High Cost Of Pet Wearable Devices

Pet wearable devices perform various tasks while being operated. These tasks consume a significant amount of power. Another key factor impeding the adoption and demand for pet wearable devices is their high-power consumption. Moreover, because most wearable devices use complex technologies that need significant amounts of energy, for instance, wireless networks and GPS, they require frequent charging. As a result, battery life is limited, which increases the maintenance cost for pet owners. Therefore, consumers with lower income levels are less likely to purchase pet wearable devices.

Application Outlook

Based on the application, the pet wearable market is segregated into Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, and Medical Diagnosis & Treatment. In 2021, the medical diagnosis & treatment segment registered a significant revenue share of the pet wearable market. The rising cost of pet health diagnostics is opening up new market prospects for manufacturers in this sector. Pet wearables have a promising future, with pet parents spending more money on the health and well-being of their pets every day.

Technology Outlook

On the basis of technology, the pet wearable market is segmented into RFID, GPS, and Sensors. In 2021, the RFID segment acquired the largest revenue share of the pet wearable market. The two important features that contribute to the segment's growth are reliability and precision. The RFID trackers are used to monitor health-related indicators, such as heart rate variability, body temperature, calorie intake, and pulse. This technology majorly streamlines the customer to monitor the well-being of their pets.

Regional Analysis

By the region, the pet wearable market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America accounted for the largest revenue share of the pet wearable market. The availability of advanced technology in the region, as well as rising spending on pet healthcare, are anticipated to fuel regional market expansion. As per the America Pet Product Association, in 2021, a total of 123.6 billion USD was spent on pets in the United States. The overall expenditure also included pet food and pet care. Therefore, this region is estimated to significantly grow in the coming years.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Allflex Group (MSD Animal Health), Garmin Ltd., Avid Identification Systems Inc., Datamars SA, FitBark, Inc., Radio Systems Corporation, Trovan, Ltd., PetPace LLC, Mars, Inc., and Tractive.

Scope of the Study

Market Segments Covered in the Report:

By Application

  • Identification & Tracking
  • Behavior Monitoring & Control
  • Facilitation, Safety & Security
  • Medical Diagnosis & Treatment

By Technology

  • RFID
  • GPS
  • Sensors

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Allflex Group (MSD Animal Health)
  • Garmin Ltd.
  • Avid Identification Systems Inc.
  • Datamars SA
  • FitBark, Inc.
  • Radio Systems Corporation
  • Trovan, Ltd.
  • PetPace LLC
  • Mars, Inc.
  • Tractive

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Pet Wearable Market, by Application
1.4.2 Global Pet Wearable Market, by Technology
1.4.3 Global Pet Wearable Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Pet Wearable Market by Application
3.1 Global Identification & Tracking Market by Region
3.2 Global Behavior Monitoring & Control Market by Region
3.3 Global Facilitation, Safety & Security Market by Region
3.4 Global Medical Diagnosis & Treatment Market by Region
Chapter 4. Global Pet Wearable Market by Technology
4.1 Global RFID Market by Region
4.2 Global GPS Market by Region
4.3 Global Sensors Market by Region
Chapter 5. Global Pet Wearable Market by Region
5.1 North America Pet Wearable Market
5.1.1 North America Pet Wearable Market by Application
5.1.1.1 North America Identification & Tracking Market by Country
5.1.1.2 North America Behavior Monitoring & Control Market by Country
5.1.1.3 North America Facilitation, Safety & Security Market by Country
5.1.1.4 North America Medical Diagnosis & Treatment Market by Country
5.1.2 North America Pet Wearable Market by Technology
5.1.2.1 North America RFID Market by Country
5.1.2.2 North America GPS Market by Country
5.1.2.3 North America Sensors Market by Country
5.1.3 North America Pet Wearable Market by Country
5.1.3.1 US Pet Wearable Market
5.1.3.1.1 US Pet Wearable Market by Application
5.1.3.1.2 US Pet Wearable Market by Technology
5.1.3.2 Canada Pet Wearable Market
5.1.3.2.1 Canada Pet Wearable Market by Application
5.1.3.2.2 Canada Pet Wearable Market by Technology
5.1.3.3 Mexico Pet Wearable Market
5.1.3.3.1 Mexico Pet Wearable Market by Application
5.1.3.3.2 Mexico Pet Wearable Market by Technology
5.1.3.4 Rest of North America Pet Wearable Market
5.1.3.4.1 Rest of North America Pet Wearable Market by Application
5.1.3.4.2 Rest of North America Pet Wearable Market by Technology
5.2 Europe Pet Wearable Market
5.2.1 Europe Pet Wearable Market by Application
5.2.1.1 Europe Identification & Tracking Market by Country
5.2.1.2 Europe Behavior Monitoring & Control Market by Country
5.2.1.3 Europe Facilitation, Safety & Security Market by Country
5.2.1.4 Europe Medical Diagnosis & Treatment Market by Country
5.2.2 Europe Pet Wearable Market by Technology
5.2.2.1 Europe RFID Market by Country
5.2.2.2 Europe GPS Market by Country
5.2.2.3 Europe Sensors Market by Country
5.2.3 Europe Pet Wearable Market by Country
5.2.3.1 Germany Pet Wearable Market
5.2.3.1.1 Germany Pet Wearable Market by Application
5.2.3.1.2 Germany Pet Wearable Market by Technology
5.2.3.2 UK Pet Wearable Market
5.2.3.2.1 UK Pet Wearable Market by Application
5.2.3.2.2 UK Pet Wearable Market by Technology
5.2.3.3 France Pet Wearable Market
5.2.3.3.1 France Pet Wearable Market by Application
5.2.3.3.2 France Pet Wearable Market by Technology
5.2.3.4 Russia Pet Wearable Market
5.2.3.4.1 Russia Pet Wearable Market by Application
5.2.3.4.2 Russia Pet Wearable Market by Technology
5.2.3.5 Spain Pet Wearable Market
5.2.3.5.1 Spain Pet Wearable Market by Application
5.2.3.5.2 Spain Pet Wearable Market by Technology
5.2.3.6 Italy Pet Wearable Market
5.2.3.6.1 Italy Pet Wearable Market by Application
5.2.3.6.2 Italy Pet Wearable Market by Technology
5.2.3.7 Rest of Europe Pet Wearable Market
5.2.3.7.1 Rest of Europe Pet Wearable Market by Application
5.2.3.7.2 Rest of Europe Pet Wearable Market by Technology
5.3 Asia Pacific Pet Wearable Market
5.3.1 Asia Pacific Pet Wearable Market by Application
5.3.1.1 Asia Pacific Identification & Tracking Market by Country
5.3.1.2 Asia Pacific Behavior Monitoring & Control Market by Country
5.3.1.3 Asia Pacific Facilitation, Safety & Security Market by Country
5.3.1.4 Asia Pacific Medical Diagnosis & Treatment Market by Country
5.3.2 Asia Pacific Pet Wearable Market by Technology
5.3.2.1 Asia Pacific RFID Market by Country
5.3.2.2 Asia Pacific GPS Market by Country
5.3.2.3 Asia Pacific Sensors Market by Country
5.3.3 Asia Pacific Pet Wearable Market by Country
5.3.3.1 China Pet Wearable Market
5.3.3.1.1 China Pet Wearable Market by Application
5.3.3.1.2 China Pet Wearable Market by Technology
5.3.3.2 Japan Pet Wearable Market
5.3.3.2.1 Japan Pet Wearable Market by Application
5.3.3.2.2 Japan Pet Wearable Market by Technology
5.3.3.3 India Pet Wearable Market
5.3.3.3.1 India Pet Wearable Market by Application
5.3.3.3.2 India Pet Wearable Market by Technology
5.3.3.4 South Korea Pet Wearable Market
5.3.3.4.1 South Korea Pet Wearable Market by Application
5.3.3.4.2 South Korea Pet Wearable Market by Technology
5.3.3.5 Singapore Pet Wearable Market
5.3.3.5.1 Singapore Pet Wearable Market by Application
5.3.3.5.2 Singapore Pet Wearable Market by Technology
5.3.3.6 Malaysia Pet Wearable Market
5.3.3.6.1 Malaysia Pet Wearable Market by Application
5.3.3.6.2 Malaysia Pet Wearable Market by Technology
5.3.3.7 Rest of Asia Pacific Pet Wearable Market
5.3.3.7.1 Rest of Asia Pacific Pet Wearable Market by Application
5.3.3.7.2 Rest of Asia Pacific Pet Wearable Market by Technology
5.4 LAMEA Pet Wearable Market
5.4.1 LAMEA Pet Wearable Market by Application
5.4.1.1 LAMEA Identification & Tracking Market by Country
5.4.1.2 LAMEA Behavior Monitoring & Control Market by Country
5.4.1.3 LAMEA Facilitation, Safety & Security Market by Country
5.4.1.4 LAMEA Medical Diagnosis & Treatment Market by Country
5.4.2 LAMEA Pet Wearable Market by Technology
5.4.2.1 LAMEA RFID Market by Country
5.4.2.2 LAMEA GPS Market by Country
5.4.2.3 LAMEA Sensors Market by Country
5.4.3 LAMEA Pet Wearable Market by Country
5.4.3.1 Brazil Pet Wearable Market
5.4.3.1.1 Brazil Pet Wearable Market by Application
5.4.3.1.2 Brazil Pet Wearable Market by Technology
5.4.3.2 Argentina Pet Wearable Market
5.4.3.2.1 Argentina Pet Wearable Market by Application
5.4.3.2.2 Argentina Pet Wearable Market by Technology
5.4.3.3 UAE Pet Wearable Market
5.4.3.3.1 UAE Pet Wearable Market by Application
5.4.3.3.2 UAE Pet Wearable Market by Technology
5.4.3.4 Saudi Arabia Pet Wearable Market
5.4.3.4.1 Saudi Arabia Pet Wearable Market by Application
5.4.3.4.2 Saudi Arabia Pet Wearable Market by Technology
5.4.3.5 South Africa Pet Wearable Market
5.4.3.5.1 South Africa Pet Wearable Market by Application
5.4.3.5.2 South Africa Pet Wearable Market by Technology
5.4.3.6 Nigeria Pet Wearable Market
5.4.3.6.1 Nigeria Pet Wearable Market by Application
5.4.3.6.2 Nigeria Pet Wearable Market by Technology
5.4.3.7 Rest of LAMEA Pet Wearable Market
5.4.3.7.1 Rest of LAMEA Pet Wearable Market by Application
5.4.3.7.2 Rest of LAMEA Pet Wearable Market by Technology
Chapter 6. Company Profiles
6.1 Allflex Group (MSD Animal Health)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 Garmin Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.3 Avid Identification Systems Inc.
6.3.1 Company Overview
6.4 Datamars SA
6.4.1 Company Overview
6.5 FitBark, Inc.
6.5.1 Company Overview
6.6 Radio Systems Corporation
6.6.1 Company Overview
6.7 Trovan, Ltd.
6.7.1 Company Overview
6.8 PetPace LLC
6.8.1 Company Overview
6.9 Mars, Inc.
6.9.1 Company Overview
6.10. Tractive
6.10.1 Company Overview

Companies Mentioned

  • Allflex Group (MSD Animal Health)
  • Garmin Ltd.
  • Avid Identification Systems Inc.
  • Datamars SA
  • FitBark, Inc.
  • Radio Systems Corporation
  • Trovan, Ltd.
  • PetPace LLC
  • Mars, Inc.
  • Tractive

Methodology

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Table Information