PUBLISHER: TechSci Research | PRODUCT CODE: 1881560
PUBLISHER: TechSci Research | PRODUCT CODE: 1881560
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The Global Pet Tech Market, valued at USD 6.80 Billion in 2024, is projected to experience a CAGR of 13.1% to reach USD 14.23 Billion by 2030. The Global Pet Tech Market comprises technology-enabled products and services designed to enhance pet welfare, improve safety, and provide greater convenience for pet owners. Main drivers supporting this market's expansion include the increasing humanization of pets, leading to greater owner investment in companion well-being, coupled with rising global disposable incomes.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 6.80 Billion |
| Market Size 2030 | USD 14.23 Billion |
| CAGR 2025-2030 | 13.1% |
| Fastest Growing Segment | Pet Safety |
| Largest Market | North America |
Key Market Drivers
The intensified trend of pet humanization significantly propels the Global Pet Tech Market. Owners increasingly view their animal companions as integral family members, fostering a willingness to invest substantially in their well-being and quality of life. This paradigm shift generates demand for technologically advanced solutions catering to pet health, safety, and entertainment, mirroring human-centric care. Pet tech products like smart feeders, interactive cameras, and advanced health monitors directly benefit from this sentiment.
Key Market Challenges
The growing concern over data privacy and security vulnerabilities represents a significant challenge to the expansion of the Global Pet Tech Market. As interconnected pet devices gather and transmit sensitive personal and household data, the potential for security breaches or misuse of information generates substantial apprehension among consumers. This directly impacts market growth by eroding trust and increasing the reluctance of pet owners to adopt advanced technological solutions for their companions.
Key Market Trends
The Global Pet Tech Market is significantly influenced by the development of integrated smart home pet care ecosystems. This trend involves the seamless connection of various pet devices, such as automated feeders, environmental controls, and monitoring cameras, within a unified smart home platform. This integration offers pet owners enhanced convenience and a holistic view of their pets' routines and well-being through a centralized system. According to CEDIA, the association for smart home professionals, in May 2024, the smart home industry was predicted to grow by 3% on average across categories, nearing $30 billion, reflecting a broader consumer demand for integrated household solutions that extend to pet care.
In this report, the Global Pet Tech Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Pet Tech Market.
Global Pet Tech Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: