PUBLISHER: Grand View Research | PRODUCT CODE: 1092512
PUBLISHER: Grand View Research | PRODUCT CODE: 1092512
U.S. Pet Wearable Market Size, Share & Trends Analysis Report By Technology (RFID, GPS, Sensors), By Application (Medical Diagnosis & Treatment, Identification & Tracking), And Segment Forecasts, 2022 - 2030
U.S. Pet Wearable Market Growth & Trends:
The U.S. pet wearable market size is anticipated to reach USD 2.07 billion by 2030, recording a CAGR of 12.9% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The growing emphasis on pet welfare and safety coupled with the introduction of smart pet wearables with advanced features is expected to drive market growth. Furthermore, increasing spending on pet products with rising disposable incomes and purchasing power of consumers are some of the key factors expected to drive market growth.
The companies in this space engage in vigorous product development and research and are introducing products for various types of pet animals other than cats and dogs. For instance, Stellapps, a dairy technology company based in Bengaluru, India, offers a cattle wearable named mooON. The device acts as a pedometer and detects heat and various disorders based on the cattle's resting behavior and activities. The insights obtained through this data can be used to optimize nutrition and implement better farm practices to enhance milk quality and yield. The introduction of such products is expected to increase the adoption of wearables for livestock applications, thereby contributing to market growth.
The pet wearables market experienced a slight impact during the COVID-19 pandemic due to the suspension of manufacturing activities. However, the market started its recovery by the end of the second quarter and rebounded strongly to achieve its pre-pandemic growth rate. The restriction imposed on traveling prevented pet owners from visiting pet owners to veterinary facilities for medical consultations. This led to an uptake in the adoption of pet wearables for gaining health insights about pets, which could be observed by veterinary professionals during telehealth consultations. As such, the continuous adoption of pet wearables ensured stable market growth during the pandemic.
U.S. Pet Wearable Market Report Highlights:
- The GPS segment is expected to exhibit a high CAGR of more than 13% over the forecast period. The increasing demand for pet location tracking features is expected to drive the adoption of pet wearables with GPS tracking feature
- The behavior monitoring and control is expected to register a stable CAGR of more than 14% over the forecast period. The growing need to monitor pet behavior to detect to gain valuable insights into their health status is anticipated to increase the adoption of pet wearables over the forecast period
- Several other players are adopting inorganic growth strategies by collaborating with technology and healthcare companies to leverage their expertise and enhance their offerings
- For instance, in January 2022, Smart Tracking Technologies, LLC entered into a partnership with Petriage, a pet health technology company based in Washington, U.S. The partnership is focused on integrating Link Smart Pet Wearable by Smart Tracking Technologies, LLC, with Petriage's connected care platform, which will provide Link Smart users with access to Petriage's symptom analysis tools
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope and Assumptions
- 1.3. List of Data Sources
Chapter 2. Executive Summary
- 2.1. U.S. Pet Wearable - Industry Snapshot & Key Buying Criteria, 2018 - 2030
Chapter 3. U.S. Pet Wearable Industry Outlook
- 3.1. Market Segmentation
- 3.2. Market Size and Growth Prospects, 2018 - 2030
- 3.3. Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint/Challenge Analysis
- 3.4.3. Market Opportunity Analysis
- 3.5. Key Opportunities Prioritized
- 3.6. Industry Analysis - Porter's Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrants
- 3.7. PEST Analysis
- 3.7.1. Political Landscape
- 3.7.2. Environmental Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technology Landscape
Chapter 4. U.S. Pet Wearable Market: Technology Outlook
- 4.1. U.S. Pet Wearable Market Share by Technology, 2021 & 2030 (USD Million)
- 4.2. RFID
- 4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.3. GPS
- 4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.4. Sensors
- 4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. U.S. Pet Wearable Market: Application Outlook
- 5.1. U.S. Pet Wearable Market Share by Application, 2021 & 2030 (USD Million)
- 5.2. Identification & Tracking
- 5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3. Behavior Monitoring & Control
- 5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.4. Facilitation, Safety & Security
- 5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5. Medical Diagnosis & Treatment
- 5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Allflex USA Inc.
- 6.1.1. Company Overview
- 6.1.2. Financial Performance
- 6.1.3. Product Benchmarking
- 6.1.4. Strategic Initiatives
- 6.2. Avid Identification Systems, Inc.
- 6.2.1. Company Overview
- 6.2.2. Financial Performance
- 6.2.3. Product Benchmarking
- 6.2.4. Strategic Initiatives
- 6.3. Datamars
- 6.3.1. Company Overview
- 6.3.2. Financial Performance
- 6.3.3. Product Benchmarking
- 6.3.4. Strategic Initiatives
- 6.4. Fitbark
- 6.4.1. Company Overview
- 6.4.2. Financial Performance
- 6.4.3. Product Benchmarking
- 6.4.4. Strategic Initiatives
- 6.5. Garmin Ltd.
- 6.5.1. Company Overview
- 6.5.2. Financial Performance
- 6.5.3. Product Benchmarking
- 6.5.4. Strategic Initiatives
- 6.6. Intervet Inc.
- 6.6.1. Company Overview
- 6.6.2. Financial Performance
- 6.6.3. Product Benchmarking
- 6.6.4. Strategic Initiatives
- 6.7. Invisible Fence
- 6.7.1. Company Overview
- 6.7.2. Financial Performance
- 6.7.3. Product Benchmarking
- 6.7.4. Strategic Initiativesdaiichi J
- 6.8. Konectera Inc.
- 6.8.1. Company Overview
- 6.8.2. Financial Performance
- 6.8.3. Product Benchmarking
- 6.8.4. Strategic Initiatives
- 6.9. Link AKC
- 6.9.1. Company Overview
- 6.9.2. Financial Performance
- 6.9.3. Product Benchmarking
- 6.9.4. Strategic Initiatives
- 6.10. Loc8tor Ltd.
- 6.10.1. Company Overview
- 6.10.2. Financial Performance
- 6.10.3. Product Benchmarking
- 6.10.4. Strategic Initiatives
- 6.11. PetPace LLC
- 6.11.1. Company Overview
- 6.11.2. Financial Performance
- 6.11.3. Product Benchmarking
- 6.11.4. Strategic Initiatives
- 6.12. Ridogulous Labs Inc.
- 6.12.1. Company Overview
- 6.12.2. Financial Performance
- 6.12.3. Product Benchmarking
- 6.12.4. Strategic Initiatives
- 6.13. Trovan Ltd.
- 6.13.1. Company Overview
- 6.13.2. Financial Performance
- 6.13.3. Product Benchmarking
- 6.13.4. Strategic Initiatives
- 6.14. Whistle Labs, Inc.
- 6.14.1. Company Overview
- 6.14.2. Financial Performance
- 6.14.3. Product Benchmarking
- 6.14.4. Strategic Initiatives
List of Tables
- Table 1 U.S. pet wearable market, 2018 - 2030 (USD Million)
- Table 2 U.S. pet wearable market, by technology, 2018 - 2030 (USD Million)
- Table 3 U.S. pet wearable market, by application, 2018 - 2030 (USD Million)
- Table 4 RFID market, 2018 - 2030 (USD Million)
- Table 5 GPS market, by region, 2018 - 2030 (USD Million)
- Table 6 Sensors market, 2018 - 2030 (USD Million)
- Table 7 Identification & Tracking market, 2018 - 2030 (USD Million)
- Table 8 Behavior Monitoring & Control market, by region, 2018 - 2030 (USD Million)
- Table 9 Facilitation, Safety & Security market, 2018 - 2030 (USD Million)
- Table 10 Medical Diagnosis & Treatment market, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. pet wearable market, 2018 - 2030 (USD Million)
- Fig. 2 U.S. pet wearable market segmentation
- Fig. 3 Value chain analysis
- Fig. 4 U.S. pet wearable market driver impact
- Fig. 5 U.S. pet wearable market restraint impact
- Fig. 6 U.S. pet wearable market opportunity impact
- Fig. 7 U.S. pet wearable penetration & growth prospects mapping
- Fig. 8 U.S. pet wearable market - Porter's five forces analysis
- Fig. 9 U.S. pet wearable market - PEST analysis
- Fig. 10 U.S. pet wearable market, by technology, 2021 & 2030 (USD Million)
- Fig. 11 U.S. pet wearable market, by application, 2021 & 2030 (USD Million)
