Pet Tech Industry Outlook 2025-2029: Market Set to Cross $15.74 Billion Milestone

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How Large Will the Pet Tech Market Size By 2025?
The scale of the pet tech market has witnessed a swift expansion in recent times. The market value is projected to escalate from $6.28 billion in 2024 to $7.53 billion in 2025, showing a compound annual growth rate (CAGR) of 19.9%. This significant growth in the historical timeframe can be credited to factors such as a surge in pet adoption, the emergence of e-commerce in the pet products sector, heightened focus on pet health and wellness, rapid urbanization coupled with hectic lifestyles, and an increasingly prevalent trend of humanizing pets.

How Big Is the Pet Tech Market Size Expected to Grow by 2029?
The market size of pet technology is anticipated to experience a significant expansion in the upcoming years, increasing to $15.74 billion by 2029, with a compound annual growth rate (CAGR) of 20.3%. This growth during the forecast period can be credited to the incorporation of artificial intelligence and machine learning, remote health services for pets, the development of smart pet home ecosystems, and an emphasis on environment and sustainability, and personalized nutrition solutions. Key trends during the forecast period comprise partnerships with specialists in the pet industry, progression in wearable technology, intelligent feeding solutions, pet identification, tracking, and remote veterinary services.

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Which Key Market Drivers Powering Pet Tech Market Expansion and Growth?
The pet tech market is anticipated to expand due to the growing trend of pet adoption. "Pet adoption" is the act of owning a pet that was initially under someone else's care. Pet tech utilities are used by pet owners to enhance the health, safety, and overall lifestyle of both the pet and owner. For instance, as per the Petfood Industry, a resource serving professionals in the pet food and treat manufacturing industry in the US, the number of dog adoptions increased from 393,712 in 2021 to 398,477 in 2022, marking an approximate growth of 1.2%. In addition, the number of cat adoptions by U.S. residents also rose by approximately 2%, totaling to 539,015 in 2022. As a result, the increase in pet adoption is propelling the expansion of the pet tech market. Pet Tech Market Driver: Growth in Disposable Income Fuels The Pet Tech Market

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Which Fast-Growing Trends Are Poised to Disrupt the Pet Tech Market?
In a bid to amplify their competitiveness in the pet tech market, major corporations are channeling their efforts towards the incorporation of sophisticated technology like the Minitailz GPS technology. This technology uses signals from satellites to accurately track locations. A consumer electronics company based in France, named Invoxia, unveiled the Minitailz Smart Pet Tracker in January 2024. This AI-driven wearable for cats and dogs serves as a comprehensive GPS tracker and health tool. Its functions entail recording respiratory rate, monitoring heart parameters, identifying anomalies in pet behavior, and distinguishing between various activities such as eating, walking, and running. The device can detect atrial fibrillation in pets and delivers comprehensive health assessments via its supporting app. The Minitailz also has a built-in SIM card with GPS technology for tracking activity and locating misplaced pets, and geofencing capabilities that include vital sign monitoring, atrial fibrillation detection, and a built-in SIM card.

What Are the Emerging Segments in the Pet Tech Market?
The pet tech market covered in this report is segmented -

1) By Type: Radio Frequency Identification (RFID), Global Positioning System (GPS), Sensors, Other Types
2) By Distribution Channel: Offline, Online
3) By Application: Identification And Tracking, Behavior Monitoring And Control, Facilitation, Safety And Security, Medical Diagnosis And Treatment
4) By End Use: Commercial, Household

Subsegments:
1) By Radio Frequency Identification (RFID): RFID Pet Tags, RFID Collars, RFID Microchips, RFID-Based Pet Identification Systems
2) By Global Positioning System (GPS): GPS Pet Trackers, GPS-enabled Pet Collars, GPS Pet Monitors For Activity And Location
3) By Sensors: Activity Sensors (Pet Fitness Trackers), Health Monitoring Sensors, Motion And Behavior Sensors, Environmental Sensors
4) By Other Types: Pet Cameras and Monitors, Smart Pet Feeders, Automatic Litter Boxes, Wearable Pet Devices

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Who Are the Global Leaders in the Pet Tech Market?
Major companies operating in the pet tech market report are Garmin Ltd., GoPro, Loc8tor Ltd., Nedap NV, Datamars, Tractive, Wag Inc., Invisible Fence, Scollar Inc., Avid Identification Systems Inc., DOGVACAY, PetPace LLC, Allflex Group, CleverPet, Petcube Inc., Konectera, Whistle Labs Inc., Furbo, iFetch LLC, Dogtra, IceRobotics, Fitbark, Link AKC, Pawscout Inc., Invoxia, Felcana, Actijoy Solution, Powbo Inc., All Home Robotics

Which are the Top Profitable Regional Markets for the Pet Tech Industry?
North America was the largest region in the pet tech market in 2024. The regions covered in the pet tech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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