Press release
Pet Wearable Market Valued at USD 1.21 Billion in 2024, Forecast to Hit USD 3.206 Billion by 2035
Pet wearables, such as GPS trackers, activity monitors, and health tracking collars, help monitor pets' location, activity, and vital signs. Valued at USD 1.21 Billion in 2024, the market is expected to grow to USD 1.322 Billion in 2025 and expand to USD 3.206 Billion by 2035, exhibiting a CAGR of 9.26% during 2025-2035. North America currently dominates the market, while adoption is rising rapidly in Europe and Asia-Pacific regions.
Competitive Landscape:
Key players in the Pet Wearable Market focus on product innovation, accuracy, and global reach:
• FitBark (US)
• Whistle (US)
• Garmin (US)
• PetPace (US)
• Tractive (AT)
• Pawtrack (GB)
• Link AKC (US)
• Petcube (US)
• Nuzzle (US)
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Key Market Drivers:
• Growing Pet Ownership: Rising number of pets globally increases demand for wearable devices.
• Health Monitoring Awareness: Pet owners increasingly adopt wearables to monitor pet activity and health.
• Technological Advancements: IoT-enabled devices provide real-time tracking, data analytics, and notifications.
• Rising Disposable Income: Pet owners are willing to spend more on smart and connected pet devices.
• Increasing Adoption in Veterinary Care: Wearables help veterinarians monitor pets remotely for preventive care.
Key Market Opportunities:
• Expansion of GPS-enabled and AI-integrated pet wearables.
• Development of multifunctional devices combining health monitoring, activity tracking, and location services.
• Collaborations with veterinary clinics, pet insurance providers, and pet care platforms.
• Growth of subscription-based pet monitoring services and connected ecosystems.
• Rising awareness campaigns for pet health and wellness in emerging markets.
Market Trends & Dynamics:
• Increasing adoption of GPS and activity tracking collars for pets.
• Growth in smart pet wearables offering health insights and behavior monitoring.
• Expansion of mobile applications linked with wearable devices for pet management.
• Rising popularity of eco-friendly and durable pet wearable products.
• Integration with cloud platforms and AI for predictive health analysis.
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Market Segmentation:
By Device Type:
• GPS Trackers
• Activity & Fitness Monitors
• Health Monitoring Collars
• Smart Feeding & Monitoring Devices
By Pet Type:
• Dogs
• Cats
• Others
By End User:
• Individual Pet Owners
• Veterinary Clinics & Hospitals
• Pet Care Service Providers
By Deployment Mode:
• Wearable Collars
• Clip-on Devices
• Smart Accessories
By Region:
• North America
• Europe
• Asia Pacific (APAC)
• South America
• Middle East & Africa (MEA)
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Geographical Insights
• North America: Leads the market due to high pet adoption, disposable income, and awareness of pet health monitoring.
• Europe: Growth driven by veterinary adoption, pet insurance partnerships, and tech-savvy pet owners.
• Asia Pacific: Expansion supported by rising pet ownership, urbanization, and adoption of smart pet care products in countries like Japan, China, and India.
• South America & MEA: Moderate growth attributed to increasing awareness of pet health and emerging pet wearable startups.
Future Outlook
The Pet Wearable Market is poised for significant growth over the next decade. With technological advancements, rising pet health consciousness, and increasing global pet adoption, smart wearables are becoming essential tools for pet monitoring. With a projected CAGR of 9.26% (2025-2035), pet wearables will continue to enhance pet safety, health management, and overall quality of life for pets worldwide.
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Market Research Future (MRFR) is a global market research company providing in-depth, accurate analysis of diverse markets worldwide. MRFR delivers insights on products, technologies, applications, end users, and key market players across global, regional, and country-level segments, empowering clients to make informed strategic decisions and capitalize on emerging opportunities.
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