According to a market report by Lucintel, the future of the pet wearable market looks promising with opportunities in the smart collar, smart camera, and smart harness markets. The global pet wearable market is expected to grow with a CAGR of 19% from 2021 to 2026. The major drivers for this market are growing expenditure on pets due to high disposal income, increasing concern towards pet health and care, and surging demand for pet tracking devices.
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In this market, processors, memory, displays, batteries, GPS chips, RFID chips, sensors, bluetooth chips, Wi-Fi chips, and cellular chips are the different types of component. Smart collar will remain the largest product type segment during the forecast period due to increasing demand for GPS technology to track their pets. Sensor based pet wearables is expected to witness the highest growth due to various characteristics of sensors that include tracking a pet's physical well-being, guiding it, and monitoring its health.
North America will remain the largest region during the forecast period due to the high disposable income of the population, per capita animal expenditure, and rising awareness of pet health.
Whistle Labs, PetPace, Garmin, FitBark, Tractive, Link AKC, Motorola, Num’Axes, and KYON are among the major pet wearable manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pet wearable market by product type, component, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pet Wearable Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pet wearable market by product type, component, and region as follows:
Pet Wearable Market by Product [Value ($B) Shipment Analysis from 2017 to 2028:
- Smart Collar
- Smart Vest
- Smart Harness
- Smart Camera
Pet Wearable Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
- RFID
- GPS
- Sensors
- Bluetooth
- Others
- Pet Wearable Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Identification & Tracking
- Monitoring & Control
- Medical Diagnosis & Treatment
- Others
Pet Wearable Market by Region Product [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Browse more than 150 pages and in-depth TOC on “Global Pet Wearable Market". To download report brochure, please go to
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pet wearable market by product (smart collar, smart vest, smart harness, and smart camera), technology (RFID, GPS, sensors, bluetooth, and others), application (identification & tracking, monitoring & control, medical diagnosis & treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?