Pet Wearable Market Size, Share, Industry Growth Report 2024-2031 | Datamars, Trovan Ltd, Konectera Inc, Loc8tor Ltd, Garmin Ltd, Allflex USA Inc, Dogtra, Fitbark Inc

Pet Wearable Market is estimated to grow at a CAGR of 7.3% during the forecast period 2024-2031.

The Pet Wearable Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Pet Wearable Market Overview:

Pet wearables are electronic devices designed to monitor and track the health, location, and activity of pets using remote communication systems. These smart gadgets enable pet owners to stay informed about their animals' well-being and whereabouts in real time.

North America led the global pet wearables market in 2020, accounting for the highest revenue share. This dominance is largely driven by the rising adoption of companion animals, high levels of disposable income, and increasing technological advancements in pet care products. Additionally, frequent product launches are contributing to the region's market expansion. For instance, in November 2019, FitBark, Inc. introduced FitBark GPS in the United States-an all-in-one dog health and location tracking device.

Other contributing factors include the growing per capita spending on animal healthcare, widespread availability of advanced technologies, and a tech-savvy population inclined to invest in connected pet care solutions. These trends are expected to support North America's continued leadership in the pet wearables market during the forecast period.

Pet Wearable Market: Shifting Industry Trends:

Rising Incidence of Lost and Stolen Pets to Boost Market Growth
The growing number of lost and stolen pets is emerging as a significant factor fueling the demand for pet wearables. According to estimates from the American Humane Association, approximately 1 in 3 pets will go missing at some point in their lives, with nearly 10 million dogs and cats lost or stolen each year in the United States alone. Additionally, the Coalition for Reuniting Pets and Families reports that less than 23% of lost pets are successfully reunited with their owners.

This concerning trend has prompted pet owners to invest more in smart wearable devices that provide real-time location tracking and ensure better safety for their animals. In response, market players are introducing advanced wearables integrated with Wi-Fi-enabled RFID technology for remote pet monitoring. These devices also often feature cloud-based services and data analytics capabilities, allowing users to store health records, set medication reminders, and track pet activity levels.

Such innovations are expected to significantly enhance pet care and security, thereby driving sustained growth in the pet wearables market over the forecast period.

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Strategic Key Players Driving the Pet Wearable Market Forward: Dogtra, Fitbark Inc., Mars Incorporated (Whistle), Loc8tor Ltd, Garmin Ltd, Allflex USA Inc., Avid Identification Systems, Inc., Datamars, Trovan Ltd., Konectera Inc.

Research Methodology:

The global Pet Wearable Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

Segment Covered in the Pet Wearable Market:

By Product (Smart Collar, Smart Camera, Smart Harness and Vest, Others)

By Technology (RFID, GPS, Sensors)

By Application (Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, Medical Diagnosis & Treatment)

By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa)

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Industry Recent Developments

✅ PetPace partners with TelmyVet (Dec 2024)
PetPace, known for its AI-powered health-monitoring collars, teamed up with TelmyVet to integrate collar data into veterinary telemedicine workflows in Canada. This partnership blends data-driven monitoring with remote care solutions for pets.

✅ Tractive launches new health tracking features (early 2025)
While not an M&A move, Tractive-an Austrian smart collar provider added capabilities like resting heart rate, respiration rate, and barking detection in early 2025, deepening its product ecosystem and enhancing potential future value to acquirers or partners

Regional Analysis for Pet Wearable Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Pet Wearable Market Research Industry:

➠ Who leads the Pet Wearable industry and what's their competitive positioning regarding capacity, performance, and profitability?

➠ What growth opportunities and market challenges do Pet Wearable market vendors face?

➠ Which segments show the highest growth potential and market share distribution?

➠ What factors are driving or limiting Pet Wearable market growth?

➠ What are the dominant sales and distribution strategies in the Pet Wearable industry?

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