The Brainy Insights estimates that the pet wearable market will grow to USD 2.63 billion in 2022 and reach USD 12.70 billion by 2032. This growth is driven by the increasing demand for pet monitoring, technological advancements, the proliferation of product innovation & sophisticated technology, the increasing popularity of pets, and a large proportion of tech-savvy pet owners. North America is expected to have the largest market share in the pet wearable market due to raised awareness about pets’ physical and mental fitness, the rising adoption of IoT, increased real-time positioning, and smartphone adoption. The RFID (radio frequency identification) segment is expected to augment the pet wearable market during the forecast period.
