What Is Driving Global Pet Tech Market Growth in 2025: The Role of Proliferation Of Pet Adoption Fuels Expansion In The Pet Tech Market

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Pet Tech Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scale of the pet tech industry has seen a quick expansion in the past few years. Rapid growth is expected from $6.28 billion in 2024 reaching $7.49 billion in 2025, with a compound annual growth rate (CAGR) of 19.3%. The past growth can be linked to factors such as greater adoption of pets, the rise of online commerce in pet merchandise, a heightened emphasis on pet health and wellness, urbanization and hectic schedules, along with the tendency to anthropomorphize pets.

Pet Tech Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, the pet tech market size is anticipated to experience swift expansion. It is projected to reach $15.36 billion in 2029, at a compound annual growth rate (CAGR) of 19.7%. Factors such as the integration of artificial intelligence and machine learning, the introduction of telehealth services for pets, the growing scale of smart pet home ecosystems, emphasis on environmental and sustainability aspects, and personalized nutritional solutions contribute to this anticipated growth in the projected period. Major market trends in this period include forging partnerships with experts in the pet industry, the development of wearable technology, smart feeding mechanisms, pet tracking and identification, and remote veterinary and telehealth services.

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What Are the Drivers Transforming the Pet Tech Market?
The surge in pet adoptions is anticipated to fuel the expansion of the pet tech market in the future. The act of adopting a pet involves assuming the responsibility for a pet that was formerly in the care of someone else. Pet tech products are utilized by pet owners to improve the overall health, safety, and well-being of both the pets and themselves. For example, Petfood Industry, a resource for professionals in the pet food and treat manufacturing sector based in the US, reported in January 2023 that the number of dogs adopted escalated from 393,712 in 2021 to 398,477 in 2022, marking an approximate growth of 1.2% from the preceding year. Additionally, the number of cats adopted by U.S. residents also saw a rise of about 2% from the previous year, reaching 539,015 in 2022. Thus, the uptick in pet adoptions is catalyzing the expansion of the pet tech market.

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What Long-Term Trends Will Define the Future of the Pet Tech Market?
Leading players in the pet tech industry are concentrating their efforts on creating cutting-edge technology like Minitailz GPS technology to improve pet health monitoring and gain a superior position in the market. GPS technology refers to the usage of satellite signals for exact location tracing. Invoxia, a consumer electronics corporation based in France, for example, introduced the Minitailz Smart Pet Tracker in January 2024. This AI-powered wearable device for dogs and cats serves as both a GPS tracker and a wellness tool. It measures the pet's respiration and heart rates, identifies abnormal behaviours and differentiates actions like walking, running, and eating. Additionally, it can detect atrial fibrillation in pets and provides comprehensive health reports via its companion app. Equipped with a built-in SIM and GPS technology, the Minitailz tracks activity and locates misplaced pets, as well as featuring a geofencing function, vital signs monitoring, atrial fibrillation detection and an in-built SIM.

Which Segments in the Pet Tech Market Offer the Most Profit Potential?
The pet techmarket 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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Which Firms Dominate the Pet Tech Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Pet Tech Market?
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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