Pet Wearable Market Size, Share, Scope & Trend | Report 2031
Pet Wearable Market Size, Share, Scope & Trend | Report 2031
Segments - Pet Wearable Market by Products (Smart Collar, Smart Vest, Smart Harness, and Smart Camera), by Technology (RFID, GPS, Sensor, Bluetooth, and Others), by Applications (Medical Diagnosis & Treatment, Identification & Tracking, Behavior Monitoring & Control, and Fitness Monitoring), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CG-4677
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Report Description
Pet Wearable Market Outlook 2031
The global pet wearable market size was valued at USD 3.66 Billion in 2022 and is estimated to reach USD 22.08 Billion by 2031, expanding at a CAGR of 22.1% during the forecast period, between 2023 and 2031. Growing concerns of pet owners about the well-being of their pets is driving the pet wearable market.
The pet wearable market is gaining considerable funding for the manufacture of technology-based products for pets such as cameras and smart collars, which is boosting the pet wearable market. Pet wearables refer to electronic wearable gadgets that help owners to keep track of their pets and their activities.
Pet wearables help pet owners to monitor the health of their pets by generating data for food intake, heart and respiratory rate, and calories burnt during the day. The data generated by the devices is used for analyzing the health of the pets.
Pet Wearable Market Trends, Drivers, Restraints, and Opportunities
- Increasing safety concerns about the pets among their owners is expected to drive the pet wearable market.
- Rising awareness about the health issues of pets among the pet owners is anticipated to fuel the market.
- Developments in technology of pet wearables, such as inclusion of sensors, cameras, and GPS into pet wearables, is boosting the market.
- Stringent government regulations for the development of technology related to pet wearables is expected to restrain the market.
- Short battery life and high consumption of power are estimated to reduce the usage and adoption of wearables, which hampers the growth of the pet wearable market.
- Launch of smart products into the market that ensure safety of the pets is creating lucrative opportunities for the key market players.
Scope of Pet Wearable Market Report
The report on the global pet wearable market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Pet Wearable Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016-2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products (Smart Collar, Smart Vest, Smart Harness, and Smart Camera), Technology (RFID, GPS, Sensor, Bluetooth, and Others), and Applications (Medical Diagnosis & Treatment, Identification & Tracking, Behavior Monitoring & Control, and Fitness Monitoring) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Allflex USA Inc., Avid Identification Systems, Inc., Fitbark, Garmin Ltd., Invisible Fence, Konectera Inc., Nuzzle, PetPace LLC, Tractive, Trovan Ltd., and Whistle Labs, Inc. |
Pet Wearable Market Segment Insights
Smart collar segment to register significant growth
Based on products, the pet wearable market is segmented into smart collar, smart vest, smart harness, and smart camera. The smart collar segment accounted for a major market share in 2021 and is anticipated to dominate the market.
Rising demand for products that ensure the safety of the pets is driving the market. Smart collars directly connect to the mobile through Wifi or Bluetooth, which helps pet owners to keep a record of their pet’s activities and health. These factors are expected to propel the smart collar segment.
RFID segment to grow at a fast pace
On the basis of technology, the pet wearable market is classified as RFID, GPS, sensor, Bluetooth, and others. The RFID segment held a key share of the market in 2021 and is expected to grow at a fast pace during the forecast period, as it is a reliable and accurate technology.
RFID technology helps in monitoring parameters such as change in heart rate, calorie intake, body temperature, and pulse. These features of RFID technology are increasing the adoption of this technology among pet owners, which is driving the pet wearable market.
Medical diagnosis & treatment segment to register high growth
In terms of applications, the pet wearable market is segmented into medical diagnosis & treatment, identification & tracking, behavior monitoring & control, and fitness monitoring. High demand for pet wearable products for identification & tracking applications was registered in 2021.
Pet wearable devices provide the accurate location of the pets to track them and monitors their health, which is anticipated to fuel the market. These devices are also used for medical diagnosis & treatment, which is expected to boost the market.
North America dominates the global market
Based on regions, the pet wearable market is diversified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2021, the pet wearable market in North America was valued at USD 600 million. North America is anticipated to dominate the global pet wearable market and grow at a rapid pace in the forecast period.
Growing developments in technology along with increasing spending on pet healthcare are expected to boost the g pet wearable market in the region. The market in Asia Pacific is projected to rise, owing to increasing awareness among consumers about the health of the pets and advancements in wearable technology, majorly in countries such as India, China, and Australia.
Segments
The global pet wearable market has been segmented on the basis of
Products
- Smart Collar
- Smart Vest
- Smart Harness
- Smart Camera
Technology
- RFID
- GPS
- Sensor
- Bluetooth
- Others
Applications
- Medical Diagnosis & Treatment
- Identification & Tracking
- Behavior Monitoring & Control
- Fitness Monitoring
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Allflex USA Inc.
- Avid Identification Systems, Inc.
- Fitbark
- Garmin Ltd.
- Invisible Fence
- Konectera Inc.
- Nuzzle
- PetPace LLC
- Tractive
- Trovan Ltd.
- Whistle Labs, Inc.
Competitive Landscape
Key players in the market are Allflex USA Inc., Avid Identification Systems, Inc., Fitbark, Garmin Ltd., Invisible Fence, Konectera Inc., Nuzzle, PetPace LLC, Tractive, Trovan Ltd., and Whistle Labs, Inc. These players are introducing smart pet wearable products integrated with innovative features into the market, thereby gaining a large market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Pet Wearable Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pet Wearable Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pet Wearable Market - Supply Chain
4.5. Global Pet Wearable Market Forecast
4.5.1. Pet Wearable Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pet Wearable Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Pet Wearable Market Absolute $ Opportunity
5. Global Pet Wearable Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Pet Wearable Market Size and Volume Forecast by Applications
5.3.1. Medical Diagnosis & Treatment
5.3.2. Identification & Tracking
5.3.3. Behavior Monitoring & Control
5.3.4. Fitness Monitoring
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Pet Wearable Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Pet Wearable Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Pet Wearable Demand Share Forecast, 2019-2026
7. North America Pet Wearable Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Pet Wearable Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Pet Wearable Market Size and Volume Forecast by Applications
7.4.1. Medical Diagnosis & Treatment
7.4.2. Identification & Tracking
7.4.3. Behavior Monitoring & Control
7.4.4. Fitness Monitoring
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Pet Wearable Demand Share Forecast, 2019-2026
8. Latin America Pet Wearable Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Pet Wearable Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Pet Wearable Market Size and Volume Forecast by Applications
8.4.1. Medical Diagnosis & Treatment
8.4.2. Identification & Tracking
8.4.3. Behavior Monitoring & Control
8.4.4. Fitness Monitoring
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Pet Wearable Demand Share Forecast, 2019-2026
9. Europe Pet Wearable Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Pet Wearable Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Pet Wearable Market Size and Volume Forecast by Applications
9.4.1. Medical Diagnosis & Treatment
9.4.2. Identification & Tracking
9.4.3. Behavior Monitoring & Control
9.4.4. Fitness Monitoring
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Pet Wearable Demand Share Forecast, 2019-2026
10. Asia Pacific Pet Wearable Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Pet Wearable Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Pet Wearable Market Size and Volume Forecast by Applications
10.4.1. Medical Diagnosis & Treatment
10.4.2. Identification & Tracking
10.4.3. Behavior Monitoring & Control
10.4.4. Fitness Monitoring
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Pet Wearable Demand Share Forecast, 2019-2026
11. Middle East & Africa Pet Wearable Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Pet Wearable Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Pet Wearable Market Size and Volume Forecast by Applications
11.4.1. Medical Diagnosis & Treatment
11.4.2. Identification & Tracking
11.4.3. Behavior Monitoring & Control
11.4.4. Fitness Monitoring
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Pet Wearable Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Pet Wearable Market: Market Share Analysis
12.2. Pet Wearable Distributors and Customers
12.3. Pet Wearable Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Allflex USA Inc.
12.4.2. Avid Identification Systems, Inc.
12.4.3. Fitbark
12.4.4. Garmin Ltd.
12.4.5. Invisible Fence
12.4.6. Konectera Inc.
12.4.7. Nuzzle
12.4.8. PetPace LLC
Methodology
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