The partnership of humans and pets go back to ages. Dogs, one of the most loved pets is known for loyalty and this is why pets have managed to become an important part of our lives and are considered a family. Dogs, cats and cattle are among the most popular pets. In order to reward the loyalty of their pets and for the sake of love, the humans are leaving no stone unturned to ensure that right care of them is taken. Technology is undoubtedly a boon for this planet and is also used to safeguard the pets too. Wearable devices are brought in use extensively by the pet owners owing to their efficacy. With the help of these wearable devices, pet owners can easily locate their pets by using their GPS location that too in the real-time from any part of the globe with just one click from their smartphones. This feature has been a huge relief for the pet owners as every time the pet leaves a predetermined area, they are notified instantly. Not just location, the pet wearable devices help in monitoring overall health and behavioural pattern of their pets.
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The growth of the global pet wearable devices market incurred losses in wake of the coronavirus pandemic. The demand for wearable devices went down owing to multiple factors. The biggest factor that is driving the growth of the global pet wearable devices market is rising level of pet adoption. Many youngsters are adopting pets owing its benefits like keeping mental health issues at bay. Higher costs associated with these technologically advanced devices is expected to hinder the growth of the global pet wearable devices market in next few years. Massive technological advancements and surging use of Internet of Things (IoT) is the reason why the global pet wearable devices market is forecasted to witness massive growth over period of coming several years.
The global pet wearable devices market was valued at US$ 2.07 Bn in 2021, projected to grow at an estimated CAGR of 14.8% over the forecast period (2022 – 2030).
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By Technology Type, GPS will Witness Fastest Growth in The Global Pet Wearable Devices Market in 2022
Global positioning system (GPS) technology is undoubtedly the most used technology in today’s time as it has helped resolve several issues. It ensures real-time tracking of pets which is major concern for most of the pet owners.
Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022 – 2030) in the Global Pet Wearable Devices Market
The number of pet owners in two of the most densely populated countries, China and India are growing each passing day and this will help the market grow rampantly in the region.
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Competitors: Global Pet Wearable Devices Market:
- Allflex South Africa
- Findster Technologies
- Garmin Ltd.
- Loc8tor Ltd
- Mobiusworks Private Limited
- MOTOROLA HOME
- NUM’ AXES
- Scollar The Smart Pet Collar
- Other Market Participants
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Global Pet Wearable Devices Market Segmentation
Global pet wearable devices market has been segmented by device type, pet type, technology, application, end users, distribution channel and region which are further classified into respective countries:
Global Pet Wearable Devices Market Device Type Outlook (Revenue, USD Million, 2015 - 2030)
- Tracker Device
- Smart Collar
- Replacement Parts and Accessories
- Charging Cables
- Clips and Mounts
Global Pet Wearable Devices Market Target Group Pet Type Outlook (Revenue, USD Million, 2015 - 2030)
- Small Dogs
- Medium and Large Dogs
Global Pet Wearable Devices Market Technology Type Outlook (Revenue, USD Million, 2015 - 2030)
Global Pet Wearable Devices Market Application Type Outlook (Revenue, USD Million, 2015 - 2030)
- Fitness Monitoring
- Real-Time Location Tracking
- Activity and Sleep Monitoring
- Disease and Treatment Monitoring
- Barking Control
- Behavioral Health Monitoring
Global Pet Wearable Devices Market End Users Type Outlook (Revenue, USD Million, 2015 - 2030)
- Pet Owners
- Vet Schools and Research Institutions
- Pet Trainers
Global Pet Wearable Devices Market Distribution Channel Type Outlook (Revenue, USD Million, 2015 - 2030)
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Global Pet Wearable Devices Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Global Pet Insurance Market -
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