According to the recent study the pet wearable market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2021, at a CAGR of 18% to 20% from 2021 to 2028. Growth in this market is primarily driven by growing expenditure on pets due to high disposal income, increasing concern towards pet health and care, and surging demand for pet tracking devices.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in pet wearable market by product type (smart collars, smart cameras, and smart harnesses), component (processors, memory, displays, batteries, GPS chips, RFID chips, sensors, bluetooth chips, Wi-Fi chips, cellular chips, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Smart collar market is expected to remain the largest segment during the forecast period.”
Based on product type, the pet wearable market is segmented into smart collars, smart cameras, and smart harnesses. Lucintel forecasts that the smart collar market is expected to remain the largest segment due to increasing demand for GPS technology to track their pets.
“Within the pet wearable market, the sensor segment is expected to remain the largest component”
Based on component the sensor segment is expected to witness the highest growth over the forecast period due to various characteristics of sensors that include tracking a pet's physical well-being, guiding it, and monitoring its health.
“North America will dominate the pet wearable market in near future”
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.
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Major players of pet wearable market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Whistle Labs, PetPace, Garmin, FitBark, Tractive, Link AKC, Motorola, Num’Axes, and KYON are among the major pet wearable providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pet-wearable-market.aspx or [email protected]