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Pet Wearable Market by Product (Smart Collar, Smart Vest, Smart Harness, Smart Camera), by Technology (RFID Devices, GPS, Sensors, Bluetooth), by Application (Medical Diagnosis & Treatment, Identification & Tracking, Fitness Monitoring, Behavior Monitoring & Control), by End-use (Households, Commercial), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ANZ, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (UAE, South Africa, Saudi Arabia, Rest of MEA) Forecast 2025-2033
The size of the Pet Wearable Market was valued at USD 4.8 Billion in 2023 and is projected to reach USD 13.16 Billion by 2032, with an expected CAGR of 15.5% during the forecast period. The Pet Wearable Market is dedicated to creating and implementing wearable technology for pets, aimed at tracking their health, activity, and whereabouts. This market offers devices like GPS trackers, fitness monitors, health sensors, and smart collars for pet owners to access real-time data on their pets' health and wellness. These devices have multiple sensors that monitor factors such as heart rate, temperature, movement, and sleep cycles, aiding in identifying possible health problems and guaranteeing the well-being of a pet. Furthermore, certain devices come with functions like GPS tracking to avoid pets getting lost and enhance their safety. The rising phenomenon of pet humanization, where pets are more and more considered as part of the family, is fueling the need for these creative products. The market is reaping the rewards of IoT technology improvements, enabling smooth data collection and integration with mobile apps for convenient monitoring. With the rising knowledge of pet health and safety, the Pet Wearable Market is projected to experience a notable expansion, as pet owners look for innovative ways to enhance their pets' well-being.
The Pet Wearable Market is fragmented, with numerous players offering a range of products and services. Major players include Wagz Inc., Whistle Labs (Mars Incorporated), Tractive, and Scollar Inc. Innovation is a key characteristic of the market, driven by technological advancements in GPS, sensors, and communication technologies. Regulations related to data privacy and animal health and safety play a significant role in shaping the industry. Product substitutes, such as traditional GPS trackers and activity monitors, exist but offer limited functionality compared to advanced pet wearables.
Increasing Adoption of AI and Machine Learning: AI and machine learning algorithms are enabling pet wearables to provide personalized health and behavioral insights, empowering pet owners to make informed decisions about their pets' well-being.
Growing Popularity of Connected Devices: The integration of connectivity features such as Wi-Fi and Bluetooth allows pet wearables to seamlessly connect with smartphones and other devices, providing remote access and control.
Emphasis on Pet Healthcare: The rise in pet healthcare expenditure is driving the adoption of pet wearables that offer medical diagnosis and treatment capabilities, enabling early detection and monitoring of health conditions.
North America: The North American region, with its strong pet ownership rate and high disposable income, is the largest market for pet wearables. The US alone accounts for a significant portion of this market, with a high demand for advanced pet monitoring and tracking devices.
Smart Collar: The smart collar segment holds the largest market share due to its comprehensive functionality, including GPS tracking, activity monitoring, and health insights. The increasing demand for real-time pet monitoring and location tracking is driving the growth of this segment.
Product Type: Smart collar, smart vest, smart harness, smart camera, RFID devices, GPS, sensors, Bluetooth
Technology: GPS, sensors, Bluetooth, RFID
Application: Medical diagnosis & treatment, identification & tracking, fitness monitoring, behavior monitoring & control
End-use: Households, commercial
Market Size: The global Pet Wearable Market is expected to reach a market size of USD 12.3 billion by 2030, exhibiting a CAGR of 15.5% from 2023 to 2030.
Market Share: Major players such as Wagz Inc., Whistle Labs (Mars Incorporated), Tractive, and Scollar Inc. hold significant market shares, with their offerings catering to various pet owner needs.
Growth: The market is projected to witness strong growth over the forecast period, driven by increasing pet ownership rates, advancements in technology, and growing awareness of pet health and well-being.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 15.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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