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Pet Tech Market by Type (RFID, GPS, Sensors, Others), by Product (Monitoring Equipment, Tracking Equipment, Entertainment Equipment), by Application (Pet Safety, Pet Healthcare), by End Use (Household, Commercial), by Distribution Channel (Offline, Online), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Pet Tech Market size was valued at USD 8.13 USD billion in 2023 and is projected to reach USD 13.84 USD billion by 2032, exhibiting a CAGR of 7.9 % during the forecast period. Pet Tech means technology that is aimed at supporting or improving the lives of pets. It includes a wide range of gadgets and applications like, smart collars, GPS trackers, automated feeders, and many more. They may include personal, health, activity, and remote communication features. For instance, smart collars assist in tracking the condition of the animal by tracking the vital signs and any form of strange movement as well as the automated feeders that enable the pet owner to set the feeding time and the amount of the food to be given remotely. GPS Trackers assist in the search of lost Pets and Interactive Toys assist in exercising the pet mentally and physically. It is worth mentioning that Pet Tech’s implementations aim at boosting everyday care and healthcare as well as safety and play or training sections.
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This report provides comprehensive coverage of the global pet tech market, including:
The North American region dominates the global pet tech market due to high pet ownership rates, disposable income, and technological advancements. The European region is also a significant market, with a growing focus on pet health and welfare. The Asia-Pacific region is expected to experience rapid growth in the pet tech market due to increasing pet adoption and rising disposable income.
The pet tech industry is subject to various regulations related to data privacy, device safety, and animal welfare. These regulations vary by country and region.
A comprehensive patent analysis is included in the report, providing insights into the current and future trends in pet tech innovation.
The pet tech market is expected to continue growing at a steady pace in the coming years. Key factors driving the market include rising pet ownership, technological advancements, and increasing disposable income. The emergence of new technologies and the growing focus on pet health and welfare are expected to create new opportunities for market growth.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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