Good prospects for the pet wearable market

The pet wearable market is set to grow from over 3 bn dollars in 2019 to 12 bn dollars by 2026, according to a new research report by Global Market Insights. The market research company assumes that concerns regarding pet health and safety along with increasing expenditure on identification and tracking devices will boost the category growth in the coming years.
The smart vests product category in particular is expected to register high demand among pet owners during the projected time period. The vests are equipped with hidden sensors and video cameras to make sure that the pet is secure.