PUBLISHER: The Business Research Company | PRODUCT CODE: 1694755
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694755
Pet Tech Global Market Report 2025
Pet tech encompasses products and technologies designed to enhance the care, comfort, and overall well-being of pets while providing convenience for their owners. These products integrate innovative technologies and features to offer solutions for improving the health, safety, and overall experience of pets.
The primary types of pet tech include radio frequency identification (RFID), global positioning systems (GPS), sensors, and other innovative technologies. RFID is a technology that employs tags and readers using radio waves to track and identify objects or individuals. Pet tech products are distributed through both online and offline channels and find applications in various areas, including identification and tracking, behavior monitoring and control, facilitation, safety and security, as well as medical diagnosis and treatment. These products cater to both commercial and household purposes.
The pet tech market research report is one of a series of new reports from The Business Research Company that provides pet tech market statistics, including pet tech industry global market size, regional shares, competitors with a pet tech market share, detailed pet tech market segments, market trends and opportunities, and any further data you may need to thrive in the pet tech industry. This pet tech market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pet tech market size has grown rapidly in recent years. It will grow from $6.28 billion in 2024 to $7.53 billion in 2025 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to increased pet ownership, rise of e-commerce in pet products, increased focus on pet health and wellness, urbanization and busy lifestyles, humanization of pets.
The pet tech market size is expected to see exponential growth in the next few years. It will grow to $15.74 billion in 2029 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to ai and machine learning integration, telehealth services for pets, expansion of smart pet home ecosystems, environmental and sustainability focus, customized nutrition solutions. Major trends in the forecast period include collaborations with pet industry experts, advancements in wearable technology, smart feeding solutions, pet identification and tracking, telehealth and remote veterinary services.
The rising adoption of pets is anticipated to drive the growth of the pet tech market in the coming years. Pet adoption involves the transfer of responsibility for a pet from one owner to another, and pet tech products play a crucial role in enhancing the well-being, health, safety, and overall experience of both pets and their owners. For example, in January 2023, according to the Petfood Industry, a US-based resource for professionals in the pet food and treat manufacturing industry, dog adoption numbers increased by approximately 1.2%, rising from 393,712 in 2021 to 398,477 in 2022. Additionally, U.S. residents adopted about 2% more cats than the previous year, reaching 539,015 in 2022. As a result, the surge in pet adoption is a key driver behind the growth of the pet tech market.
The increasing disposable income is expected to further boost the expansion of the pet tech market. Disposable income refers to the money available to individuals or households for spending or saving after income taxes have been deducted. With a rise in disposable income, consumers are more inclined to invest in premium and high-end pet tech products, leading to increased sales of sophisticated and durable technologies with advanced features. In June 2022, a report by the Bureau of Economic Analysis, a US-based government agency, indicated a monthly increase of $113.4 billion, or 0.5 percent, in personal income. Disposable personal income (DPI) also rose by $96.5 billion (0.5%). Consequently, the upward trend in disposable income is contributing to the growth of the pet tech market.
Major companies in the pet tech market are concentrating on developing advanced technologies, such as Minitailz GPS technology. This focus aims to enhance pet health monitoring and secure a competitive edge in the market. GPS technology involves using signals from satellites for precise location tracking. For example, in January 2024, Invoxia, a France-based consumer electronics company, introduced the Minitailz Smart Pet Tracker, an AI wearable for dogs and cats. This device serves as an all-in-one GPS tracker and wellness device, measuring respiratory rate and heart vitals, detecting anomalies in pet behavior, and differentiating activities such as walking, running, and eating. It also identifies atrial fibrillation in pets and offers detailed health reports through the accompanying app. The Minitailz includes a built-in SIM with GPS technology for activity tracking and locating lost pets, along with geofencing features, including vital signs monitoring and atrial fibrillation detection.
In May 2023, Datamars, a US-based data solutions company, completed the acquisition of Kippy S.r.l. for an undisclosed amount. This strategic move aimed to fortify Datamars' portfolio of pet-related solutions, meeting the growing global demand for products that ensure the well-being of pets. Kippy S.r.l is an Italy-based company specializing in the production and sale of Internet-based devices used for security, real-time tracking, activity tracking, and Vita messages of pets.
Major companies operating in the pet tech market report are Garmin Ltd., GoPro, Loc8tor Ltd., Nedap NV, Datamars, Tractive, Wag Inc., Invisible Fence, Scollar Inc., Avid Identification Systems Inc., DOGVACAY, PetPace LLC, Allflex Group, CleverPet, Petcube Inc., Konectera, Whistle Labs Inc., Furbo, iFetch LLC, Dogtra, IceRobotics, Fitbark, Link AKC, Pawscout Inc., Invoxia, Felcana, Actijoy Solution, Powbo Inc., All Home Robotics
North America was the largest region in the pet tech market in 2024. The regions covered in the pet tech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pet tech market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pet tech market includes revenues earned by entities by providing services such as pet health monitoring, pet insurance, pet nutrition, safety and security and pet training. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The pet tech market consists of sales of smart pet crates, pet wearables, automatic ball launchers, cat containment systems, microchip pet doors, GPS trackers, pet cams, automatic food dispensers, and health monitoring devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pet Tech Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
Reasons to Purchase
Scope
Table of Contents
1. Executive Summary
2. Pet Tech Market Characteristics
3. Pet Tech Market Trends And Strategies
4. Pet Tech Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Pet Tech Growth Analysis And Strategic Analysis Framework
- 5.1. Global Pet Tech PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Pet Tech Market Growth Rate Analysis
- 5.4. Global Pet Tech Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Pet Tech Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Pet Tech Total Addressable Market (TAM)
6. Pet Tech Market Segmentation
7. Pet Tech Market Regional And Country Analysis
8. Asia-Pacific Pet Tech Market
9. China Pet Tech Market
10. India Pet Tech Market
11. Japan Pet Tech Market
12. Australia Pet Tech Market
13. Indonesia Pet Tech Market
14. South Korea Pet Tech Market
15. Western Europe Pet Tech Market
16. UK Pet Tech Market
17. Germany Pet Tech Market
18. France Pet Tech Market
19. Italy Pet Tech Market
20. Spain Pet Tech Market
21. Eastern Europe Pet Tech Market
22. Russia Pet Tech Market
23. North America Pet Tech Market
24. USA Pet Tech Market
25. Canada Pet Tech Market
26. South America Pet Tech Market
27. Brazil Pet Tech Market
28. Middle East Pet Tech Market
29. Africa Pet Tech Market
30. Pet Tech Market Competitive Landscape And Company Profiles
31. Pet Tech Market Other Major And Innovative Companies
32. Global Pet Tech Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Pet Tech Market
34. Recent Developments In The Pet Tech Market
35. Pet Tech Market High Potential Countries, Segments and Strategies
36. Appendix
