Pet Wearable Market Size, Demand, Industry Statistics and Future Trends to 2023-2028

The latest report published by IMARC Group, titled "Pet Wearable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global pet wearable market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.

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Pet Wearable Market Trends:

The growing trend of pet owners treating their pets as family members represents one of the key factors driving the growth of the market across the globe. This is leading to increased spending on pet care and wellbeing, including investment in wearables that monitor health and location which is influencing the market growth. Advancements in technology are making pet wearables more compact, reliable, and packed with features like GPS tracking, biometric monitoring, and data analytics, thus making these devices more appealing to pet owners. There is a global increase in pet ownership, which directly boosts the market for pet-related products, including wearables. The integration of pet wearables with smartphones and the internet allows for real-time monitoring and data access, thus making these devices particularly convenient for tech-savvy pet owners.

As awareness of pet health and wellness rises, owners are turning to technology to help manage their pets' well-being, diet, and exercise, which is fueling the demand for sophisticated monitoring devices. With higher disposable incomes, pet owners are willing to spend more on their pets' lifestyles and healthcare, which includes the adoption of new technologies like wearables. The availability of pet wearables in a wide range of retail outlets and the growth of online shopping platforms are making these products more accessible to consumers.

Key Market Segmentation:

The report has segmented the global pet wearable market based on product, technology, application, end-user, distribution channel and region.

Breakup by Product:

• Smart Collar
• Smart Vest
• Smart Harness
• Smart Camera
• Others

Breakup by Technology:

• GPS
• RFID
• Sensors
• Others

Breakup by Application:

• Identification and Tracking
• Monitoring and Control
• Medical Diagnosis and Treatment
• Facilitation, Safety and Security

Breakup by End-User:

• Households
• Commercial

Breakup by Distribution Channel:

• Modern Trade
• Franchised Outlets
• Specialty Stores
• E-Commerce
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Competitive Landscape With Key Players:

The competitive landscape of the pet wearable market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Cybortra Technology Co. Ltd.
• Dogtra
• FitBark Inc.
• Garmin Ltd.
• High Tech Pet Products Inc.
• Invisible Fence Inc. (Radio Systems Corporation)
• Loc8tor Ltd.
• Motorola (Lenovo)
• Petcube
• PetPace Ltd.
• Tractive
• Whistle Labs Inc. (Mars Inc.)

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Industry Definition and Application:

Pet wearables are electronic devices designed for animals, typically pets such as dogs and cats, to be worn on the body. These devices serve various functions, including tracking location through GPS, monitoring health and fitness levels, and even tracking behavioral patterns. Pet wearables can help pet owners ensure the safety and well-being of their pets by providing real-time data and insights into their pets' activities and physical status. They can also facilitate remote interaction between owners and their pets through cameras and voice communication features.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.