Middle East & Africa Pet Wearable Market Size & Outlook
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MEA pet wearable market highlights
- The MEA pet wearable market generated a revenue of USD 166.2 million in 2023.
- The market is expected to grow at a CAGR of 13.1% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 166.2 million |
| Market revenue in 2030 | USD 393.0 million |
| Growth rate | 13.1% (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, MEA region accounted for 6.2% 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 |
|---|---|---|---|---|
| Playtech PLC | View profile | 7700 | Upper Church Street, Ground Floor, St George’s Court, Douglas, Isle Of Man, IM1 1EE | https://www.playtech.com |
| Pet Valu Holdings Ltd | View profile | 2185 | 130 Royal Crest Court, Markham, ON, Canada, L3R 0A1 | https://www.petvalu.com |
| GoPro Inc Class A | View profile | 930 | 3025 Clearview Way, San Mateo, CA, United States, 94402 | https://www.gopro.com |
| Fidelity Advisor Semiconductors A | View profile | - | - | - |
| BARK Inc Ordinary Shares - Class A | View profile | 708 | 120 Broadway, 12th Floor, New York, NY, United States, 10271 | https://www.bark.co |
| Tractive | View profile | 101-250 | Pasching, Oberosterreich, Austria, Europe | http://www.tractive.com |
| Datamars | View profile | 501-1000 | Lugano, Ticino, Switzerland, Europe | http://www.datamars.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Mars Group Holdings Corp | View profile | 755 | 1-10-7 Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-0022 | http://www.mars-ghd.co.jp |
| Garmin Ltd | View profile | 19900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | https://www.garmin.com |
Middle East & Africa 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 45.31% in 2023. Horizon Databook has segmented the Middle East & Africa pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA region accounted for a market share of 6.15% in 2023 and is expected to witness significant growth over the forecast period. Cultural inclinations and financial factors could influence the pet wearable market's future in the MEA region.
The growing trend of pet ownership, fueled by evolving lifestyles and greater disposable income, is expected to increase demand for creative solutions for pet care. Advanced wearable devices that track pet behavior are growing significantly, and pet owners in the region get vital information about their pets' routines and preferences.
Another important trend in veterinary care is the use of pet wearables, which allow for proactive health monitoring and individualized treatment programs. The incorporation of technology in pet care is consistent with the broader digital transformation occurring in different businesses throughout the MEA region.
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Target buyers of Middle East & Africa 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 Middle East & Africa pet wearable market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pet wearable market size, by country, 2018-2030 (US$M)
Middle East & Africa Pet Wearable Market Outlook Share, 2023 & 2030 (US$M)
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