Lucintel's latest market report analyzed that pet wearable provides attractive opportunities in the smart collar, smart camera, and smart harness markets. The pet wearable market is expected to reach $XX billion by 2028 with a CAGR of 18% to 20%. In this market, smart collar is the largest segment by product type, whereas sensor is largest by component.

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Based on product type, the pet wearable market is segmented into smart collars, smart cameras, and smart harnesses. The smart collar segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for GPS technology to track their pets.

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The Pet Wearable Market is marked by the presence of several big and small players. Some of the prominent players offering pet wearable include Whistle Labs, PetPace, Garmin, FitBark, Tractive, Link AKC, Motorola, Num’Axes , and KYON.

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