The global pet wearable market size is expected to be worth around US$ 8.6 billion by 2030, according to a new report by Vision Research Reports.
The global pet wearable market size was valued at US$ 3.6 billion in 2020 and is anticipated to grow at a CAGR of 16.3% during forecast period 2021 to 2030.
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Pet Wearable Market (By Product: RFID, GPS, Sensors; By Application: Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, Medical Diagnosis & Treatment) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 8.6 billion by 2030 |
| Growth Rate | CAGR of 16.3% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Technology, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Allflex USA Inc.; Avid Identification Systems, Inc.; Datamars; Fitbark; Garmin Ltd.; Intervet Inc.; Invisible Fence; Konectera Inc.; Nuzzle; PetPace LLC; Tractive; Trovan Ltd.; Whistle Labs, Inc.; Voyce |
Growth Factors
Increasing concerns toward companion animals’ health and wellbeing, coupled with rising pet humanization and population, is anticipated to be the key factor driving the growth of the market over the forecast period. In addition, increasing expenditure on pet consumables and rising demand for identification and tracking devices are some of the key factors driving the market growth.
Increasing pet expenditure owing to rising disposable income in emerging countries such as India and China is one of the key factors driving market growth. Moreover, increasing awareness concerning animal health is expected to boost market growth significantly over the forecast period. The integration of IoT in pet wearables is also anticipated to have a significant impact on medical treatments and the diagnosis of medical problems of pets.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Pet Wearable are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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