The global pet wearables market is projected to expand steadily at a CAGR 8% value, during the forecast period 2022-2032. In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 3.2 Billion. Considering this steady growth along with the booming demand in the global market, the pet wearables market is expected to reach US$ 10.96 Billion by 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Pet Wearables market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Pet Wearables market.
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Key findings of the Pet Wearables market study:
- Regional breakdown of the Pet Wearables market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Pet Wearables vendors in detail.
- Region-wise and country-wise fragmentation of the Pet Wearables market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Pet Wearables market.
Country-wise Analysis
What is the outlook of the US Pet Wearables Market?
Rising concerns towards pets will boost the market demand
The US market will be the most lucrative market for pet wearables during the forecast period. As per Fact.MR, the US market is expected to gain a market share of 45% in 2022.
The region’s market is expected to develop as a result of the availability of advanced technology and rising expenditure on veterinary care. For instance, the American Pet Product Association projects that by 2022, the U.S. pet sector would spend more than USD 100 billion.
Numerous pet-related services, including pet daycare facilities, nutritional supplements, grooming services, pet accessories, and one of the newest offerings-pet wearables and communication gadgets-are all anticipated to drive demand in the industry. Thus, the US market is predicted to grow at an 8.1% CAGR during 2022-2032.
Key Companies Profiled
- RSA Group
- Avid Identification Systems, Inc.
- Allflex USA Inc.
- Datamars
- FitBark
- Garmin Ltd.
- Invisible Fence
- Link AKC
- Loc8tor Ltd.
- PetPace LLC
- Whistle Labs, Inc.
- Voyce
Competitive Landscape
For animal applications, Avid Identification Systems Inc. develops and offers injectable RFID electronic identification systems. The business sells Labtrac, a permanent animal identification device that uses microchips. Australia, Argentina, Brazil, Colombia, Canada, Costa Rica, France, Ecuador, Guatemala, Mexico, South Korea, New Zealand, Spain, Peru, the United States, the United Kingdom, and Uruguay are among the countries where it sells and distributes its goods.
Fitbark released FitBark GPS 2nd Generation in 2022. Their most recent tracker moves between AT&T, Verizon, and T-Mobile 4G LTE-M networks automatically (and smoothly) to provide the greatest coverage at all times. One must keep in mind that the integrated sim is independent of the cellular carrier for the smartphone. FitBark GPS 2nd Generation, which weighs 16 grams, is as fond of the water as the dog is and suits dogs of all sizes, even Leonbergers and Chihuahuas. It fits collars that are as broad as 1.5′′ (38 mm).
Key Segments Covered in the Pet Wearables Market Report
- By Product Type :
- Pet Cameras
- Activity monitors
- GPS Trackers
- Pet-Emotion Sensors
- Pet-to-Human Translators
- By Distribution Channel :
- Modern Trade
- Franchised Outlets
- Specialty Stores
- E-Commerce
- By Technology :
- GPS
- RFID
- Sensors
- By Application :
- Medical Diagnosis & Treatment
- Behavior Monitoring & Control
- Safety & Security
- Identification & Tracking
- By Region :
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East Africa
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Queries addressed in the Pet Wearables market report:
- Why are the Pet Wearables market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Pet Wearables market?
- Which regions are displaying the fastest growth in the Pet Wearables market?
- What are the underlying micro- macroeconomic factors affecting the global Pet Wearables market?
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