Market revenue in 2023 | USD 2,702.0 million |
Market revenue in 2030 | USD 6,888.1 million |
Growth rate | 14.3% (CAGR from 2023 to 2030) |
Largest segment | Rfid |
Fastest growing segment | GPS |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | RFID, GPS, Sensors |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet wearable market will help companies and investors design strategic landscapes.
rfid was the largest segment with a revenue share of 40.03% in 2023. Horizon Databook has segmented the Global pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The advancement of sensors in wearable technology is expected to drive the increased adoption of medical parameters for pets. Pet wearables are electronic devices that can be attached to a pet's body to assist with, among other things, identification, medical diagnosis, tracking, monitoring, controlling, treatment, facilitation, safety, and security. Heating, drug delivery, ultrasound, cooling, and heating are just a few of the innovations and devices used in animal medical care that are available.
As a tool for animal health management, wearable biosensors have quickly gained recognition in the global market. In the global market, a number of sensors are being developed for animal health management. Several technologies cannot accurately assess health status and diagnose disease in animal models, as they are designed for human use. This innovative technology is currently being considered a tool for improving livestock welfare and development.
Horizon Databook provides a detailed overview of global-level data and insights on the Global pet wearable market , including forecasts for subscribers. This global databook contains high-level insights into Global pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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