Pet Wearable Market is forecasted to expand at a CAGR of 14.1% to reach a market valuation of US$ 8.83 Billion by the end of 2032

PRESS RELEASE
Published March 16, 2023

The global pet wearable market size was USD Billion 2.35 in 2022 and is expected to register a revenue CAGR of 14.1% during the forecast period, according to latest analysis by Emergen Research. Rising investment in pet technologies such as smart feeders and identification and tracking chips and devices are factors projected to support market revenue growth between 2021 and 2030. Wearable monitoring and sensors are among the increasingly popular technological devices for pets and livestock. These monitors have wearable sensors that can track vital signs, food consumption, and activity levels. Wearables for animal health monitoring are gradually becoming mainstream owing to the convenience and usefulness these offer.

Leading companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It is useful for companies looking to diversify into new markets or expand their current scope of operations.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Avid Identification Systems, Inc., Datamars, Merck & Co., Inc., Loc8tor Ltd., Garmin Ltd., PetPace, Tractive, Whistle, Wagz Inc., EQUISENSE.

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As part of Emergen Research’s Global Pet Wearable Market Research Report, key business details and extensive geographical spread of the Pet Wearable Market industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Pet Wearable Market . A detailed forecast is provided until 2032  based on historical data from 2017 -2022 . Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies. The current COVID-19 pandemic is expected to have an effect on the growth of the Pet Wearable Market industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns

How will this Report Benefit you?

We have recently released a 250-page report from Emergen Research that includes 194 tables and 189 charts and graphics. Those who need commercial, in-depth market assessments for the global Pet Wearable Market , as well as a detailed market segment analysis, can find our new report valuable. Our recent study provides a thorough assessment of the whole regional and global market for Pet Wearable Market . To increase market share, obtain a comprehensive financial analysis of the whole market and its various segments. It is clear that energy storage technology is rapidly expanding. Look at how you might take advantage of the current and future revenue-generating opportunities in this industry. Additionally, the research will assist you in making more effective strategic decisions, such as building growth strategies, strengthening competitor analysis, and increasing business productivity.

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The report highlights the current impact of COVID-19 on the Pet Wearable Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Pet Wearable Market  according to the impact of COVID-19.

Some Key Highlights from the Report :

GPS segment accounted for largest revenue share in 2022. Monitoring pets are among the most basic and crucial aspects that a pet owner indulges in. Ensuring pets can be tracked or located through use of tracking and monitoring devices gives pet owners a sense of confidence and comfort if their pet gets lost.

Smart camera segment is expected to register largest revenue CAGR during the forecast period. The healthcare business embraces the digital world and advances remote patient monitoring, and this technology is also altering the pet health industry. With over six out of ten US homes having at least one animal, pet wearables is becoming a significantly large industry. With anything from wearable devices to intelligent health-tracking platforms, owners may now utilize a variety of wearable and non-wearable pet accessories to track their pet’s health.

Market in Europe accounted for significant revenue share in 2022. This is attributed to rising popularity of devices around the world as pet owners become more concerned about the security and wellness of their dogs and other animals, and this is creating revenue streams and opportunities in the future.

 Segments covered in the report:

Emergen Research has segmented the global pet wearable market on the basis of product, technology, component, end-use, and region:

  • Product Outlook (Revenue, USD Billion; 2019–2032)
    • Smart Collars
    • Smart Cameras
    • Harnesses
    • Others
  • Technology Outlook (Revenue, USD Billion; 2019–2032)
    • GPS
    • RFID
    • Sensors
    • Other

Explore the Full Index of the Pet Wearable Market Research Report 2022

Geographic Segment Covered in the Report:

The Pet Wearable Market  provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

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What Questions Should You Ask before Buying a Market Research Report?

How is the Pet Wearable Market evolving?

What is driving and restraining the Pet Wearable Market ?

How will each Pet Wearable Market submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2032 ?

How will the market shares for each Pet Wearable Market submarket develop from 2022 to 2032 ?

What will be the main driver for the overall market from 2022 to 2032 ?

Will leading Pet Wearable Market s broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

How will the market shares of the national markets change by 2032  and which geographical region will lead the market in 2032 ?

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About us :

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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