Global Pet Wearable Market
The global Pet Wearable market was valued at USD 2,365.1 million in 2022 and expected to grow at a CAGR of 14.5% during the forecast period.
Pet wearables are electronic devices that are designed to be worn by pets, such as dogs and cats, to track and monitor their health, location, and behaviour. These devices are becoming increasingly popular among pet owners as they provide a range of benefits, including peace of mind, better health management, and improved pet care.
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Some of the most common types of pet wearables include:
GPS Trackers: GPS trackers are devices that use satellite technology to track and monitor the location of pets in real-time. These devices are particularly useful for pet owners who want to keep tabs on their pet's location and ensure that they do not wander too far from home.
Activity Trackers: Activity trackers are devices that monitor a pet's activity levels, including steps taken, distance travelled, and calories burned. These devices can help pet owners to monitor their pet's health and fitness levels and identify any potential health issues.
Health Monitors: Health monitors are devices that track and monitor a pet's vital signs, such as heart rate, respiration rate, and body temperature. These devices can help pet owners to identify any potential health issues early and seek veterinary care if necessary.
Training Aids: Training aids are devices that use sensors to detect and correct unwanted pet behaviour, such as barking, jumping, or biting. These devices can be particularly useful for pet owners who are training their pets and want to correct unwanted behaviours.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the pet wearable market. On one hand, there has been an increase in pet ownership and adoption during the pandemic as people have spent more time at home and sought companionship. This has led to increased demand for pet wearables as owners seek to monitor their pets' health, activity levels, and whereabouts.
On the other hand, the pandemic has also led to economic uncertainty and financial constraints for many households, which may have reduced discretionary spending on pet wearables. Additionally, disruptions to supply chains and manufacturing operations have caused delays and shortages in some segments of the pet wearable market.
Market Segmentation:
By Product
- Smart Collars
- Smart Cameras
- Smart Harnesses
By Component
- RFID
- GPS
- Sensors
By Application
- Identification Tracking
- Behavior Monitoring Control
- Facilitation, Safety Security
- Medical Diagnosis Treatment
By Geography
- North America
o U.S.
o Canada
o Mexico
- Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
- Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
- Latin America
o Brazil
o Argentina
o Colombia
- MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Player:
Some of the key players operating in the market are:
- Avid Identification Systems, Inc.
- Allflex USA Inc.
- Datamars
- FitBark
- Garmin Ltd.
- Invisible Fence
- Link AKC
- Loc8tor Ltd.
- PetPace LLC
- Whistle Labs, Inc.
- Voyce
- Others
Regional Analysis:
North America: North America is the largest market for pet wearables, with the US being the primary driver of growth in the region. The region's high pet ownership rates and willingness to spend on pets have contributed to the growth of the pet wearable market in North America.
Europe: Europe is the second-largest market for pet wearables, with countries such as the UK, Germany, and France driving growth in the region. The high adoption of technology and growing awareness of pet health have contributed to the growth of the pet wearable market in Europe.
Asia-Pacific: The Asia-Pacific region is expected to see significant growth in the pet wearable market, with countries such as China, Japan, and India driving growth in the region. The region's growing middle class and increasing pet ownership rates have contributed to the growth of the pet wearable market in Asia-Pacific.
Latin America: The Latin American market for pet wearables is still in the early stages of development, but the region is expected to see significant growth in the coming years. Brazil and Mexico are expected to be the primary drivers of growth in the region.
Middle East and Africa: The Middle East and Africa region is also in the early stages of development for the pet wearable market, with limited adoption and awareness.
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