Asia Pacific Pet Wearable Market Size & Outlook, 2023-2030
Asia Pacific pet wearable market, 2018-2030 (US$M)
Related Markets
Asia Pacific pet wearable market highlights
- The Asia Pacific pet wearable market generated a revenue of USD 549.3 million in 2023.
- The market is expected to grow at a CAGR of 17.1% from 2024 to 2030.
- In terms of segment, rfid was the largest revenue generating technology in 2023.
- GPS is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 549.3 million |
| Market revenue in 2030 | USD 1,660.0 million |
| Growth rate | 17.1% (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 |
| Key market players worldwide | BARK Inc Ordinary Shares - Class A, Datamars, Fidelity Advisor Semiconductors A, Garmin Ltd, GoPro Inc Class A, Larsen & Toubro Ltd DR, Pet Valu Holdings Ltd, Mars Group Holdings Corp, Playtech PLC, Tractive |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.3% of the global pet wearable market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,660.0 million by 2030.
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Pet Wearable Market Scope
Pet Wearable Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific pet wearable market outlook
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 41.51% in 2023. Horizon Databook has segmented the Asia Pacific pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region accounted for a market share of 20.33% in 2023 and is expected to witness significant growth over the forecast period. The Asia Pacific (APAC) pet wearable market is poised for significant growth owing to various factors, such as rapid urbanization, rising pet ownership, and increasing levels of disposable income.
Pet care spending is rising in Asia Pacific, driven by the growing concerns over pet health and well-being, which is driving the demand for innovative solutions, such as smart collars, cameras, and fitness trackers. As pet owners in both developed and developing Asia Pacific countries prioritize pet well-being, the market is poised for significant growth, presenting substantial opportunities for pet wearable companies.
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Target buyers of Asia Pacific pet wearable market databook
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Our clientele includes a mix of pet wearable market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pet wearable market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pet wearable market size, by country, 2018-2030 (US$M)
Asia Pacific Pet Wearable Market Outlook Share, 2023 & 2030 (US$M)
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