Pet Wearable Industry Overview
The global pet wearable market size was valued at USD 2.07 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 14.3% from 2022 to 2030.
The market growth is supported by awareness among owners regarding the well-being of their pets. Further, the pet wearable market has attracted considerable funding over the last couple of years for an array of technology-enhanced products for pets, including cameras and wearables. The industry is still in its initial stages of development. However, it is still characterized by increasing competition among key stakeholders and the threat of new entrants. The focus of OEM will be the development of products with the capability of efficiently collecting health metrics.
Gather more insights about the market drivers, restrains and growth of the Global Pet Wearable Market
IoT will play a crucial role in driving market growth in the future. Transmitting real-time data concerning pet health to veterinarians or pet owners will be supported by the connectivity offered by these devices. The non-invasive wearable sensor system combining photoplethysmograph (PPG), electrocardiogram (ECG), and inertial measurement units (IMU) is used to continuously monitor the health condition of pets integrated with the wireless technology, and handheld devices can make pet health monitoring easier.
Advancements in technologies including sensors, cameras, GPS, etc. will further elevate market demand in the future. Technology plays an important role in any electronic device, therefore any advancements in the aforementioned fields will be conducive to the growth of the pet wearables industry. Short battery life and high consumption of power may reduce the usage and adoption of the technology. Moreover, compliance with stringent government regulations is expected to hamper industry growth.
Browse through Grand View Research's Technology Industry Related Reports
- Pet Care Market - The global pet care market size was valued at USD 148.10 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030.The rising trend of pet humanization is expected to increase consumer spending in the household and pet care categories.
- Wearable Technology Market - The global wearable technology market size was valued at USD 40.65 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.8% from 2021 to 2028.
Pet Wearable Market Segmentation
Grand View Research has segmented the global pet wearable market based on technology, application, and region:
- Pet Wearables Technology Outlook (Revenue, USD Million, 2018 - 2030)
- RFID
- GPS
- Sensors
- Pet Wearables Application Outlook (Revenue, USD Million, 2018 - 2030)
- Identification & Tracking
- Behavior Monitoring & Control
- Facilitation, Safety & Security
- Medical Diagnosis & Treatment
- Pet Wearable Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
January 2020: Whistle Labs, Inc. announced the launch of Whistle FIT, a preventive healthcare tool. Whistle FIT enables the customer to monitor the pet’s food intake, activity, and key health behaviors to manage pet care.
December 2018: Wireless dog monitoring device manufactured FitBark collaborated with wearable technology giant Fitbit.
Key Companies profiled:
Some prominent players in the global Pet Wearable market include
- Avid Identification Systems, Inc.
- Allflex USA Inc.
- Datamars
- FitBark
- Garmin Ltd.
- Invisible Fence
- Link AKC
- Loc8tor Ltd.
- PetPace LLC
- Whistle Labs, Inc.
- Voyce
Order a free sample PDF of the Pet Wearable Market Intelligence Study, published by Grand View Research.
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