Pet Wearables Market
It is undeniable how much we care for our furry friends a fact validated by the prediction that the wearable tech market for pets will grow to 26 billion by 2025. The global pet wearable market size was valued at USD 16 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of 143 from 2020 to 2027.
The increasing inclination toward the adoption of pets as companions for mental.
Pet wearables market. 1 Tagg One of the earliest pet wearables Snaptracs Tagg the GPS pet tracker is designed to make sure your curious pet never gets too far from home. The growth is primarily driven by the rising discretionary income of population and increasing awareness concern towards regulation and monitoring of pets outdoor activities along with their health fitness. The Pet Wearables Market research report represents the analysis of all the segments which includes the market size Y-O-Y growth analysis and structure of the overall industry based on a unique combination of industry research fieldwork market sizing analysis.
The identification and tracking segment of the pet wearable market is expected to register the largest market share over the forecast period and is likely to record a CAGR of 1034. This has brought along several changes in market conditions. Pet Wearables Market Was Valued At US 10932 Mn In 2016 And Is Expected To Grow At A CAGR Of 135 During The Forecast Period From 2017 To 2025 Facebook Twitter.
The pet wearables market--which includes GPS and fitness trackers cameras and smart clothing--is expected to grow to 17 billion in 2024 from 703 million in 2019 according to data from. Others Bluetooth Cellular etc Based on technology the overall pet wearables market was led by the GPS segment in 2019. While the global veterinary wearable devices industry is still in the primary phase many major companies are creating feature-rich pet wearables and application alternatives.
The Pet Wearables Market Size Market Share Application Analysis Regional Outlook Growth Trends Key Players Competitive Strategies and Forecasts 2020 To 2028 report has been added to. Increasing pet expenditure owing to rising disposable income in emerging countries such as India and China is one of the key factors driving market growth. With the rapid expansion in pet-tech market the global pet wearables market is estimated to rise from USD132 Billion in 2017 to nearly USD157 Billion by the end of 2024.
The pet wearable market is segmented by product smart collar smart camera smart harness and vest and other products technology GPS RFID sensors and other technologies application identification and tracking monitoring and control medical diagnosis and treatment and other applications animal type dogs cats and other animals and geography North America Europe Asia-Pacific Middle-East and Africa and South America. One of the most common uses of pet wearables such as smart collars is tracking the whereabouts of pet animals using GPS. Facto Market Insights added a title on Pet Wearables Market 2019 - 2027 to its collection of industry research reports.
The growth of the market is attributed to the increasing concerns toward pet health and wellbeing rising pet population pet humanization surging demand for IoT in pet tracking devices and growing expenditure on pets due to high disposal income. Regions analyzed in this report are North America Europe APAC Latin America Middle East and Africa. Europe followed North America in the overall pet wearables market globally in 2019.
The global pet wearables market is segmented based on technology into the following categories. The pet wearable market is gaining traction due to the rising awareness among pet owners about their health. The Pet Wearable Market is expected to reach USD 1718 million by 2024 from USD 703 million in 2019 at a 196 CAGR.
Based on industry segment covering Product Smart Collar Smart Vest Smart Harness Smart Camera Technology RFID Devices GPS Sensors Bluetooth and more. The size of the Global Pet Wearable Market is expected to reach 2128 million USD by 2025 which is a significant increase from 975 million USD in 2019. Pet Wearables Market size is set to exceed USD 12 billion by 2026 says latest research report by Global Market Insights Inc.
The global pet wearable market grew at a CAGR of around 15 during 2014-2019. The segment accounted for almost half of the overall pet wearables market revenue across the globe. The pet wearable market exceeded USD 3 billion in 2019 and is poised to grow at a CAGR of around 23 between 2020 and 2026 due to increasing demand from pet owners to adopt advanced devices for the health and well-being of their furry companions.
The Global Pet Wearable Market report provides readers with a comprehensive resource that contains a detailed analysis of the market in the industry that can be accessed and refurbished to gain additional information and better understanding of the industryaffected every aspect of life globally including the business sector. Pet wearables are devices that pet parents use to monitor the physiological and biomechanical activities of their pets. Factors such as higher technological awareness coupled with the rising trends for smart homes have fuelled the.
