Latin America Pet Wearable Market Size & Outlook
Latin America pet wearable market, 2018-2030 (US$M)
Related Markets
Latin America pet wearable market highlights
- The Latin America pet wearable market generated a revenue of USD 213.7 million in 2023.
- The market is expected to grow at a CAGR of 13.7% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 213.7 million |
| Market revenue in 2030 | USD 525.6 million |
| Growth rate | 13.7% (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, Latin America region accounted for 7.9% 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 |
|---|
Latin America 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 42.02% in 2023. Horizon Databook has segmented the Latin America pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America accounted for a market share of 7.91% in 2023 and is expected to witness significant growth over the forecast period. Pet owners in Latin America are increasingly concerned about the safety and security of their pets, thereby driving the demand for pet wearables integrated with GPS tracking and live positioning functionalities.
The number of missing pets is high in several Latin American countries. Hence, several governments in the region have imposed stricter pet safety regulations to curb such instances. On the other hand, the Peruvian government has launched initiatives that include a special registry for dogs and chip placement to facilitate lost pet searches. Such initiatives have spurred the adoption of pet wearables across Latin America, especially in Peru and Argentina.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pet wearable market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pet wearable market size, by country, 2018-2030 (US$M)
Latin America Pet Wearable Market Outlook Share, 2023 & 2030 (US$M)
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