Pet Wearable Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Allflex USA Inc., Avid Identification Systems Inc., Dairymaster, Datamars Inc., Felcana, FitBark Inc.
As per the pet wearable market report by The Business Research Company, the rise in demand for pet monitoring globally contributed to the pet wearable market's growth.
The global pet wearable market size grew from $2.47 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The pet wearable market size is expected to grow to $5.24 billion in 2027 at a CAGR of 16.4%.
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Major players in the pet wearable market are Allflex USA Inc., Avid Identification Systems Inc., Dairymaster, Datamars Inc., Felcana, FitBark Inc., Garmin Ltd., GoPro Inc., Intervet Inc., Invisible Fence, Konectera Inc., Scollar Inc., Tractive GmbH, Trovan Ltd., PetPace Ltd., Motorola Mobility LLC, Num'Axes, Dogtra, Dog Tracker Nano, DeLaval Inc., Furbo, GIBI Technologies, Nedap, Omnia Technologies, Pawbo Inc., Indiegogo Inc., Invoxia, and Jiobit.
The Pet Wearable market is segmented -
1) By Product Type: Smart Collar, Smart Camera, Smart Harness and Vest, Other Product Types
2) By Technology: RFID Devices, GPS, Sensor, Bluetooth, Other Technologies
3) By Application: Identification and Tracking, Monitoring and Control, Medical Diagnosis and Treatment, Other Applications
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The pet wearable are devices that can be worn on the pet's body such as dogs, cats, and other pets to serve various purposes, such as identification, tracking, monitoring, controlling, medical diagnosis, treatment, facilitation, safety, and security. These products are utilized to collect the data which is tracked through a companion app installed on the pet owner's smart device.
The Table Of Content For The Pet Wearable Market Include:
1. Executive Summary
2. Pet Wearable Market Characteristics
3. Pet Wearable Market Trends And Strategies
4. Pet Wearable - Macro Economic Scenario
5. Pet Wearable Market Size And Growth
27. Pet Wearable Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pet Wearable Market
29. Pet Wearable Market Future Outlook and Potential Analysis
The "Global Pet Wearable Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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