Market revenue in 2023 | USD 885.9 million |
Market revenue in 2030 | USD 2,070.9 million |
Growth rate | 12.9% (CAGR from 2023 to 2030) |
Largest segment | Gps |
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 |
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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.
Gps was the largest segment with a revenue share of 44.85% in 2023. Horizon Databook has segmented the U.S. pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for a market share of 86.73% in 2023 and is expected to witness significant growth over the forecast period. Pet product expenditure in the U.S. shows no signs of abating. As pet owners prioritize the well-being of their pets, they are increasingly seeking smart pet wearables based on the latest technologies.
The trend is encouraging market players to introduce innovative pet products supporting voice commands, delivering vibration alerts, and providing boundary enforcement, among other advanced features. Continued advancements toward this end are expected to encourage pet owners to spend more on their pets, thereby contributing to the growth of the regional market.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. pet wearable market , including forecasts for subscribers. This country databook contains high-level insights into U.S. pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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