South Korea Pet Wearable Market Size & Outlook, 2023-2030
South Korea pet wearable market, 2018-2030 (US$M)
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South Korea pet wearable market highlights
- The South Korea pet wearable market generated a revenue of USD 14.0 million in 2023 and is expected to reach USD 52.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 20.9% 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.
Pet wearable market data book summary
| Market revenue in 2023 | USD 14.0 million |
| Market revenue in 2030 | USD 52.8 million |
| Growth rate | 20.9% (CAGR from 2023 to 2030) |
| Largest segment | Rfid |
| Fastest growing segment | GPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 0.5% of the global pet wearable market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet wearable market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 52.8 million by 2030.
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Pet Wearable Market Scope
Pet Wearable Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 48.57% in 2023. Horizon Databook has segmented the South Korea pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea accounted for a market share of 2.54% in 2023 and is expected to witness significant growth over the forecast period. Pet owners in South Korea are increasingly concerned about the safety and well-being of their pets, leading to a surge in demand for pet wearables with GPS tracking, activity monitoring, and health insights, among other advanced features.
Smart collars guarantee peace of mind for pet owners by providing valuable data about the health and activity levels of their pets. For instance, in January 2021, South Korean startup Petpuls Lab Inc. launched an AI-powered dog collar capable of detecting five emotions, namely happiness, relaxation, anxiety, anger, and sadness, through voice recognition technology.
Using a smartphone app, pet owners can understand the emotional state of their dogs apart from receiving data on their activity. This innovative collar can be indicative of the growing demand for pet wearables with advanced features in line with pet owners’ desire to better understand their pets and care for them.
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Our clientele includes a mix of pet wearable market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pet wearable market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pet wearable market size, by technology, 2018-2030 (US$M)
South Korea Pet Wearable Market Outlook Share, 2023 & 2030 (US$M)
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