The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest pet wearable market share in 2022.

The global pet wearable market size will grow from $2.47 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The pet wearable market size is expected to grow to $5.24 billion in 2027 at a CAGR of 16.4%.

Major Driver In The Pet Wearable Market ­– Rise In Demand For Pet Monitoring
According to the American Pet Products Association’s COVID-19 Pulse Study 2020, 11.38 million U.S. families brought new pets during the pandemic. Furthermore, 72% of research participants claimed that their pet’s food and health were of the utmost importance to them. Furthermore, during the COVID-19 epidemic, 3.2 million homes in the UK adopted a new pet, according to the Pet Food Manufacturers Association, a UK-based trade organisation for the pet food business. The growth in pet ownership predicts an increase in demand for pet-related goods, such as pet wearable devices.

View More On The Pet Wearable Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pet-wearable-global-market-report

Key Pet Wearable Market Segments
1) By Product Type: Smart Collar, Smart Camera, Smart Harness and Vest, Other Product Types
2) By Technology: RFID Devices, GPS, Sensor, Bluetooth, Other Technologies
3) By Application: Identification and Tracking, Monitoring and Control, Medical Diagnosis and Treatment, Other Applications

Recent Pet Wearable Market Trend – IoT (Internet Of Things) Technology In Pet Tracking Devices
IoT-enabled pet tracking gadgets use IoT technology to locate the tracker’s location, such as GPS (Global Positioning System) or cellular tower triangulation. A companion application loaded on the pet owner’s smartphone can access this data. The benefits of IoT-enabled pet trackers include increased precision in location monitoring, geofencing notifications if the pet exits a predefined area, and longer battery life. For example, Vodafone Group PLC, a UK-based global telecommunications corporation, announced the Curve Smart GPS tracker pack in September 2021, which is an IoT-enabled tracker that can be used to correctly pinpoint the pet’s whereabouts.

Pet Wearable Market Prominent Players
Major players in the pet wearable market are Allflex USA Inc., Avid Identification Systems Inc., Dairymaster, Datamars Inc., Felcana, FitBark Inc., Garmin Ltd., GoPro Inc., Intervet Inc., Invisible Fence, Konectera Inc., Scollar Inc., Tractive GmbH, Trovan Ltd., PetPace Ltd., Motorola Mobility LLC, Num’Axes, Dogtra, Dog Tracker Nano, DeLaval Inc., Furbo, GIBI Technologies, Nedap, Omnia Technologies, Pawbo Inc., Indiegogo Inc., Invoxia, and Jiobit.

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The Pet Wearable Global Market Report 2023 provides a comprehensive overview on the pet wearable market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pet wearable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pet wearables are devices that can be worn on the body of a pet, such as a dog, cat, or other pet, to serve a variety of functions, including identification, tracking, monitoring, controlling, medical diagnosis, treatment, facilitation, safety, and security. These items are used to collect data, which is then tracked using a companion app loaded on the pet owner’s smart device.

View More Related Reports –
Pet Food Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/pet-food-global-market-report

Pet Insurance Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/pet-insurance-global-market-report
 
Pet Care E-Commerce Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/pet-care-e-commerce-global-market-report

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