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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pet Wearable Market Outlook
The global pet wearable market is anticipated to achieve USD 4.92 billion by 2032, growing from USD 1.48 billion in 2023 at a CAGR of 14.2% in the forecast period of 2024-2032.
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An intelligent pet collar is a tool that connects to a smartphone wirelessly via Wi-Fi or Bluetooth and offers perspectives into animals such as their place, training activities, and more. In contrast to the current traditional collar, it is a multi-purpose tool. This collar enables pet owners to monitor, track, and obtain data and alerts about your pet using GPS technology and interact with others using an LED display on the outside of the collar. Pet owners can also check in on some of their pet’s health characteristics.
One of the primary growth factors for the pet wearable market is the growing demand from working people for pet surveillance. Employment rates are steadily growing around the globe, and the requirements of pet owners for smart-connected collars that allow them to communicate with their animals from their workplace are quickly rising owing to their hectic lifestyle and long working hours.
Market Segmentation
The pet wearable market can be divided based on segments like product, technology, pet type, and application.
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The pet wearable market can be broadly categorised on the basis of its application into:
- Identification and Tracking
- Behaviour Monitoring
- Facilitation, Safety, and Security
- Medical Diagnosis and Treatment
The industry can be divided based on its product into smart collar, smart camera, smart harness and vest, and tags. The industry can be divided based on its technology like GPS, RFID, and sensors, among others. Based on pet type, the industry can be bifurcated into companion and livestock.
The EMR report looks into the regional markets of pet wearable like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
Market Analysis
The market growth is ascribed to the growing concerns about pet health and well-being, rising pet population and pet humanization, increased IoT demand in pet monitoring devices, and increased pet expenditure, owing to high disposal revenue. During the forecast period, the identification and monitoring application segment is anticipated to dominate the market. It is estimated that the essential use of wearable monitoring systems to find lost and stolen animals will drive the sector over the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global pet wearable market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Allflex USA Inc.
- Avid Identification Systems, Inc.
- Datamars, Inc.
- Fitbark
- Garmin Ltd.
- Smart Tracking Technologies, LLC
- PetPace
- Loc8tor Ltd.
- Intervet Inc.
- Radio Systems Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Technology |
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| Breakup by Pet Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global pet wearable market attained a value of nearly USD 1.48 billion.
The market is projected to grow at a CAGR of 14.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 4.92 billion by 2032.
The major drivers of the market include the growing concerns about pet health and well-being, rising pet population, and pet humanisation, among others.
The rapid technological advancements, such as the development of intelligent pet collar that can establish a wireless connection with smart phone via Bluetooth or Wi-Fi, are expected to be a key trend guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Smart collar, smart camera, smart harness and vest, and tags are the major pet wearable products in the market.
GPS, RFID, and sensors, among others are the significant technologies of the product in the market.
Companion and livestock are the different pet types in which the market has been bifurcated.
Identification and tracking, behaviour monitoring, facilitation, safety, and security, and medical diagnosis and treatment are the major applications of the product.
The major players in the global pet wearable market are Allflex USA Inc., Avid Identification Systems, Inc., Datamars, Inc., Fitbark, Garmin Ltd., Smart Tracking Technologies, LLC, PetPace, Loc8tor Ltd., Intervet Inc., and Radio Systems Corporation, among others.
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