Market Research Reports

According to IMARC Group’s latest report, titled “ Pet Wearable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global pet wearable market size reached US$ 1.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2027, exhibiting a growth rate (CAGR) of 14.07% during 2022-2027 . Pet wearables refer to devices worn on the pet's body for various purposes, such as identification, tracking, monitoring, controlling, medical diagnosis, treatment, facilitation, safety, and security. They are manufactured using radio-frequency identification (RFID), Bluetooth sensors, cameras, transmitters, internet of things (IoT), global positioning system (GPS) trackers, and antennas to ensure pet safety. They also enable pet owners to interact with their pets and monitor their food intake, heart rates, behavioral patterns, and daily calorie consumption. Some of the commonly available product variants include sma...

According to IMARC Group’s report, titled “ Pet Wearable Market Share , Trends, Size, Growth, Opportunity and Forecast 2020-2025”, the global pet wearable market grew at a CAGR of around 15% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025. The pet wearable market is primarily driven by the rising trend of pet humanization across the globe. This, coupled with the inflating disposable income levels of individuals, has led numerous pet owners to adopt these wearables to monitor the well-being of their pets. There has also been an increasing need to track their real-time location due to the rising cases of lost and stolen pets, thereby creating an escalating demand for advanced pet wearables that are equipped with GPS and Wi-Fi-enabled RFID technology. These variants are widely being integrated with cloud-based and data analytics solutions to offer innovative feature to the users. This, in turn, is creating a positiv...