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 |
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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 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.
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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