Pet Wearable Market Size & Forecast Report, 2014 - 2025

The global Pet Wearable Market is expected to display higher growth rate over the next seven years. Rapid surge in the pet wearable industry is credited to rising awareness level among pet owners regarding their well-being. Most of the pet owners treat pets as a family member due to their companionship, entertainment, fitness and mental wellbeing. These factors have resulted in large spending by pet owners on their pet companion to ensure safety and security, thereby fostering the market growth during the forecast period. Globally, the pet wearables market is predicted to generate massive revenue over next seven years, providing numerous opportunities for industry participants to invest in research and development of the pet wearable industry.

Growing demand for pet wearable devices is attributed the rapid advancement in wearable technology for personal usage. Use of pet wearable devices allows owners to bond with their pets and track daily activities of pets. In addition, increasing adoption of pet wearable devices to enable activity tracking, monitoring heart and respiratory rates. Pet wearable device also helps user to understand rest patterns and eating habits of pets, thus allowing owners to connect with their pets. Data collected with the help of pet wearable devices enable users to understand food intake of pets. This allows owners to analyze pet health and well-being. These factors are predicted to fuel market demand for pet wearable over the coming years.

Using GPS tracking, RFID tags, proximity sensors, Bluetooth and accelerometer sensors ensure good performance of wearable devices. Other types of device used along with pet wearable devices include cameras, antennas and transmitters. Pet wearables offer constant analysis and measurement of the biomechanical and physiological factor alongside assessment of body movements of pets. This allows owners to predict the behavior of their pets and look out for potential diseases.

The pet wearable market is broadly categorized into four major segments based on the application type such as identification & tracking, behavior monitoring & control, facilitation, safety & security and medical diagnosis & treatment. Identification & tracking segment is growing rapidly in the pet wearables industry with substantial revenue generation in the last few years. Growing popularity of pet wearable devices in the identification & tracking segment is attributed to the development of advanced tracking solution with the help of GPS & RFID technology in electronic wearable devices. The medical diagnosis & treatment segment has also witnessed substantial growth due to the rising awareness level regarding well-being of pets.

The pet wearables market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies for pet care, surge in number of research & development activities in the region and existence of well-established industrial infrastructure.

Asia-Pacific region is estimated to hold major share in the pet wearable industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing awareness towards pet health and fitness, increasing number of pet owners, rising disposable income, favorable government initiatives, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the pet wearable market are Whistle Labs, Inc., PetPace LLC, FitBark, Inc., Tractive LLC, i4C Innovations Corp., and Garmin International, Inc.

Market Segment:

Pet wearable Technology Outlook (Revenue, USD Million, 2014 - 2025)
    • RFID
    • GPS
    • Sensors

Pet wearable Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Identification & tracking
    • Behavior monitoring & control
    • Facilitation, safety & security
    • Medical diagnosis & treatment

Pet wearable Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA