Global Pet Wearables Market (2019-2025) | Size, Share, Analysis, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Global Pet Wearables Market

Global Pet Wearables Market has seen the latest developments which include the increase in awareness about the pet’s physical and mental fitness, increasing adoption of IoT, and rise in the demand for pet monitoring and technological advancements. Additionally, manufacturers are developing pet wearables that offer benefits such as connecting humans to their pets in order to track their daily activities and monitor their health using these devices. This monitoring generates data for food intake, heart, and respiratory rate and patterns and calories burnt by pets during the day. The data generated by these devices is used for analyzing the health of pets. With the help of modern wearables, owners can not only track their pets but also help other people identify pets that have strayed off and return them to their rightful owners. Owners can track the location of their pets and identify them easily within a limited time, just by using their smartphones.

Mergers and Acquisitions:

• On January 5, 2021, Garmin International and Garmin Services, units of Garmin Ltd., announced the acquisition of substantially all the assets of GEOS Worldwide Limited and its subsidiaries.
• In August 2021, Merck acquired Antelliq, the parent company of Allflex.

Global Pet Wearables Market Synopsis

Growing awareness regarding animal health among owners, rising disposable income as well as increasing adoption of pets as companions are the key factors which are influencing the growth of the pet wearables market globally.  Additionally, the use of pet wearables offers benefits such as connecting humans to their pets in order to track their daily activities. Globally around 57 percent of the consumers own pets; dogs being the most popular pets owned globally accounting for more than 30% of the total pet adopted followed by cats at 20%.

According to 6Wresearch, the Global Pet Wearables Market size is anticipated to exhibit tremendous growth during 2019-2025. This growth is primarily driven by an increase in awareness regarding pet health, a rise in demand for pet monitoring, and growing demand for IoT solutions in healthcare applications. North America and Europe regions dominate the global markets for pet wearables. The United States is expected to retain a significant market share during the forecast period owing to the growing adoption of companion animals and an increase in product innovation and the high percentage of tech-savvy owners. The Asia Pacific is expected to exhibit a substantial growth rate due to the growing awareness amongst people regarding pets’ health.

On the basis of technology types, primarily technologies used in the devices include GPS, RFID (Radio Frequency Identification), and other sensors. The market is highly dominated by GPS-based trackers and RFID-based technology. RFID is a microchip that gets implanted under the pet’s skin to identify the pet and it can contain a variety of information such as contact information, pet’s immunization, name, etc. Pet wearables include sensors that work in conjunction with RFID and GPS-based technologies and are used to monitor multiple health-related biometric data during activities.

Global pet wearables market report thoroughly covers the market by products, technology, applications, and regions including Europe, North America, Latin America, APAC, and the Rest of the world and key countries. Global Pet Wearables market report provides an unbiased and detailed analysis of the Global Pet wearables market trend analysis, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies according to the future and current market dynamics.

In the global pet wearables market according to the American pet products association (APPA). There are several advanced technologies that are leading the demand for pet wearables in the forecast period. The wearable is tracking health-related such as body temperature, and heart rate variability (HRV). There is sensor technology able in wearables Devices to monitor the health metrics such as respiration system and heart rate. Pet owners check disease symptoms, set goals, and reminders.

Growing demand for advanced sensors in pet wearables is aiding the market revenue

The pet wearables market is witnessing growth and in the demand for innovation, it’s going to detect heat, heart rates, and the pressure of the pets. At the global level, there are several energy-efficient and low-cost wireless sensor nodes that are going too implemented in the device by the manufacturers. These nodes are simply deployed and can be controlled and we can monitor the at remote locations. At the global level, the pet wearables market devices include many things such as power management mechanisms and low-power radios for continuous operations.

Now a day’s companies are developing smart collars fitted and low-power wireless, non-invasive sensors that are going to track heart rate and variations, position, respiration, and pulse activity, and going to burn the underline the allover health chart. The sensors are going to be a combination of the technologies used to monitor the biometric parameters in life activities.

Increased demand for smart collars to monitor and track the location of pets will drive the market growth

In the pet wearable market is smart collars and having significant growth of the witness. The GPS trackers are integrated with several collars and going to monitor the location of the pets. The smart collars provide the ability to monitor the pet’s health and well-being and detection of diseases and behavioural problems that come to occur while monitoring the pet The smart collars provide the vital signs that warn owners of the first hint of stress, illness, and health-related problems. There adopted the wireless smart collar low-power that fitted the non-invasive sensors that help the owners to track the pet’s health and going to propel the market size according to the market status.

Rising health & safety awareness of pets has resulted in the wide adoption of pet wearables for medical diagnostics

The medical diagnostics of the animal's rising expenditure adoption of new technology it’s going to drive the market growth. The medical diagnosis and treatments are expected to profoundly the effect of the diagnosis. According to the market condition the behaviour monitoring & control of the pets, identification & tracking, medical diagnosis & treatment it’s going to fuel the market demand. APOP stands for Association for pet obesity prevention is the study states that 54% of dogs and 59% of the cat are overweight in the U.S. Severe diseases is going to reduce life and also reduce life expectancy, the owners adopt smart monitoring device that will work on the health and it going to identify the abnormality of the health and different attributes.

Increasing pet expenditure with rising disposable income in emerging economies to drive market growth

Rising consumer disposable income is the main source of raising the income and growing the number of pets in households it’s going to influence the market share.  According to the APPA stands for the American Pet Products Association is going to be household 65% of the pets. They going to be monitored and they have been controlling the pet's health and the owner's fitness to increase the expenditure to the pet on the innovation of the different devices. According to the market key players, they were operating the industry. The smart pet wearable used different type of device. The device helps the pet to track the health of the pet and their safety too. The company going to be a subsidiary of Mars Incorporated. The Whistle Lads LLC, a healthcare tool, Launched Whistle FIT, which has been a help in monitoring the food intake and there health issues of the pet.

Industry players focusing on new alliances to improve profitability

On the base of multiple companies, the operating market has been focusing the strategic entering of the partnerships is going to untapped the enhance the business and their profitability. Pit Pet is used as the activity for tracking the pet movements and they have a partnership. Royal & Sun Alliance Insurance PLC company is used for the insurance. There are many key players in the market such as Garmin, Whistle Labs, Tagg, Ridogulous Labs, Motorola, IceRobotics, Otto Petcare, Pet Vu, Silent Herdsman Limited, Inc., DeLaval, Inc., FitBark, Dropcam (Nest), High Tech Pet Products, PetPace, Nedap,  i4c Innovations, Loc8tor, Invisible Fence, among others.

The global pet wearable market is anticipated to witness growth during the forecast period 2020-26F on the back of the substantial growth of urbanization which is leading to an increase in pet adoption. Further, advancements in technology are expected to proliferate the demand for pet wearables for tracking the health, location and physical activities of pets which is important for the growth and development of pet animals. On the basis of region, Latin America pet wearable market is anticipated to register sound revenues backed by the rise in the adoption of pets coupled with increased care and concern of pet parents towards their pets and concerns to keep track of accurate nutritional value required for them. This would increase the demand for pet wearables across the Latin America region and would instigate sound market growth of the Global pet wearable market in the coming years. 

Key Highlights of the Report:

• Global Pet Wearables Market Overview
• Global Pet Wearables Market Outlook
• Global Pet Wearables Market Forecast
• Historical Data of Global Pet Wearables Market Revenues and Volume for the Period 2015-2018
• Global Pet Wearables Market Size and Global Pet Wearables Market Forecast of Revenues and Volume, Until 2025
• Historical Data of Global Pet Wearables Market Revenues and Volume, By-Products, for the Period 2015-2018
• Market Size & Forecast of Global Pet Wearables Market Revenues and Volume, By-Products, Until 2025
• Historical Data of Global Pet Wearables Market Revenue and Volume, By Technology, for the Period 2015-2018
• Market Size & Forecast of Global Pet Wearables Market Revenue and Volume, By Technology, Until 2025
• Historical Data of Global Pet Wearables Market Revenues and Volume, By Applications, for the Period 2015-2018
• Market Size & Forecast of Global Pet Wearables Market Revenue and Volume, By Applications, Until 2025
• Historical Data of North America Pet Wearables Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of North America Pet Wearables Market Revenues and Volume, Until 2025
• Historical Data of Europe Pet Wearables Market Revenue and Volume, for the Period 2015-2018
• Market Size & Forecast of Europe Pet Wearables Market Revenues and Volume, Until 2025
• Historical Data of Asia Pacific Pet Wearables Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Pet Wearables Market Revenues and Volume, Until 2025
• Historical Data of Latin America Pet Wearables Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Latin America Pet Wearables Market Revenues and Volume, Until 2025
• Historical Data of Rest of the World Pet Wearables Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Rest of the World Pet Wearables Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Global Pet Wearables Market Price Trends
• Global Pet Wearables Market Trends and Industry Life Cycle
• Market Opportunity Assessment
• Global Pet Wearables Market Share, By Regions
• Global Pet Wearables Market Share, By Players
• Global Pet Wearables Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global pet wearables market report provides a detailed analysis of the following market segments:

By-Products:

• Smart Collar
• Smart Camera
• Smart Harness and Vest
• Tags

By Technology:

• GPS
• RFID
• Sensors

By Applications:

• Identification and Tracking
• Monitoring and Control
• Medical Diagnosis and Treatment
• Facilitation, Safety, and Security

By Regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World