Global Pet Wearable Market Report and Forecast 2024-2032

Global Pet Wearable Market Report and Forecast 2024-2032

Global Pet Wearable Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global pet wearable market is projected to grow at a CAGR of 14.2% between 2024 and 2032. Aided by the increasing focus on pet health and safety and the growing adoption of IoT and smart technologies, the market is expected to grow significantly by 2032.

Pet wearables comprise a range of electronic devices designed for pets, which can be worn or attached to them. These devices include activity monitors, GPS trackers, health and wellness monitors, and smart collars. These devices are gaining popularity among pet owners due to their ability to provide real-time information on the pet’s location, health, and activity levels.

A key factor driving the pet wearable market growth is the increasing concern among pet owners about their pets' health and wellbeing. The rising awareness of the benefits of preventive healthcare for pets is leading to an increased adoption of health and activity monitoring wearables. These devices help in tracking pets' physical activities, dietary habits, and overall health, enabling early detection of potential health issues.

According to the pet wearable market analysis, another significant driver is the surge in pet ownership globally, combined with the increased spending on pet care. As more people adopt pets and consider them as part of their families, they are more willing to invest in advanced technologies that ensure their pets' safety and wellbeing. This trend is particularly pronounced in urban areas, where pet owners are seeking innovative solutions to monitor and care for their pets effectively.

The integration of IoT and smart technologies in pet wearables is also a critical factor contributing to the pet wearable market demand. The use of GPS technology for pet tracking, along with the integration of AI for behaviour analysis and health monitoring, is enhancing the capabilities of pet wearables. These advancements are not only providing greater convenience and peace of mind to pet owners but also opening new avenues for veterinary research and pet healthcare.

Regionally, North America is leading the pet wearable market, owing to the high pet ownership rate and the presence of key market players in the region. Europe and Asia-Pacific are also significant markets, with increasing pet adoption rates and growing awareness of pet health and safety.

Market Segmentation

The market can be divided based on product, technology, pet type, application, and region.

Market Breakup by Product

• Smart Collar
• Smart Camera
• Smart Harness and Vest
• Tags

Market Breakup by Technology

• GPS
• RFID
• Sensors
• Others

Market Breakup by Pet Type

• Companion
• Livestock

Market Breakup by Application

• Identification and Tracking
• Behaviour Monitoring
• Facilitation, Safety and Security
• Medical Diagnosis and Treatment

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pet wearable market. Some of the major players explored in the report by Expert Market Research are as follows:

• Allflex USA Inc.
• Avid Identification Systems, Inc.
• Datamars SA
• Fitbark Inc.
• Garmin Ltd.
• Smart Tracking Technologies, LLC
• PetPace
• Loc8tor Ltd.
• Intervet Inc.
• Radio Systems Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.