Animal Safety Devices Market Segmentation by Technology (RFID, GPS, Sensors, and Others); and by Application (Diagnostics, Facilitation and Safety, Identification and Tracking, and Others) – Global Demand Analysis and Opportunity Outlook 2030

Buy Now Report ID: 3129 | Published Date: Feb 10, 2023

Animal Safety Devices Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to factors such as increasing awareness related to pet fitness and health, and rise in adoption of domestic animals in countries such as India and Australia. Furthermore, the market in North America is evaluated to occupy the largest share during the forecast period on the back of high penetration of activity and fitness monitoring devices for pets, growing pet expenditure, and rising awareness of pet health in the region. As per the analysis of American Pet Products Association’s National Pet Owners Survey, in the United States, pet expenditure in 2018 was $72.56 billion and it rose to S75.38 billion 2019. In addition, the market in Europe is also anticipated to occupy a significant share in the market on account of intensifying concerns for pet safety and increasing incidences of pet theft in the region.

Animal Safety Devices MarketThe global animal safety devices market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Animal Safety Devices Market
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Major Macro-Economic Indicators Impacting the Market Growth

Development Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Market Segmentation


Our in-depth analysis of the global animal safety devices market includes the following segments:

By Technology

  • RFID
  • GPS
  • Sensors
  • Others

By Application

  • Diagnostics
  • Facilitation and Safety
  • Identification and Tracking
  • Others

Growth Drivers

  • Rising Expenditure on Medical Diagnosis for Pets
  • Increasing Demand for GPS-Based Safety Devices


  • High Power Consumption and Procurement Costs of Animal Safety Devices

Development Expenditure
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Top Featured Companies Dominating the Market

    • Allflex USA Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Avid Identification Systems Inc.
    • Datamars Inc.
    • Fitbark
    • Garmin Ltd.
    • Intervet Inc.
    • Radio Systems Corporation
    • Link AKC
    • Konnectra Inc.
    • PetPace LLC
    • Trovan Ltd.


In The News

  • November 2019: Fitbark Company introduced FitBark GPS All-in-One Dog Health and Location Tracker, which provides multiple features for pet care in one device. The product allows to monitor the health and whereabouts of the pets conveniently.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Abhishek Verma, Hetal Singh

Key Questions Answered in the Report

1) What are the major factors driving the growth of the animal safety devices market?

Ans: Rising adoption and expenditure on medical diagnosis for pets and increasing demand for GPS-based safety devices are the key factors driving market growth.

2) What would be the CAGR of animal safety devices market over the forecast period?

Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the animal safety devices market growth?

Ans: High power consumption and procurement costs of animal safety devices is estimated to hamper market growth.

4) Which region will provide more business opportunities for growth of animal safety devices market in future?

Ans: The market in Asia Pacific will provide ample growth opportunities owing to the increasing awareness related to pet fitness and health and rise in the adoption of domestic animals in the region.

5) Who are the major players dominating the animal safety devices market?

Ans: The major players dominating the animal safety devices market are Allflex USA Inc., Avid Identification Systems Inc., Datamars Inc., Fitbark among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the animal safety devices market?

Ans: The market is segmented by technology, application, and by region.

8) Which segment under the application segment captures the largest market size in the animal safety devices market?

Ans: With respect to application, the identification and tracking segment is anticipated to hold the largest market share owing to the growing investments in wearable tracking devices.

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