Global Pet Companion Robots Market By Type (Stationary Robots, Movable Robots), Application(Video recording and Monitoring, Pet Entertainment, Pet Feeding), Sales Channel (Direct Marketing, Indirect Marketing), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Pet Companion Robots Market
Global pet companion robots market is expected to rise to an estimated value by, registering a healthy CAGR of 11.95% in the forecast period of 2019-2026. Increasing pet ownership worldwide is the major factor for the growth of this market.
Market Definition: Global Pet Companion Robots Market
Pet companion robots are those which are made by using artificial intelligence and other technologies through which these robots can be used by the people as pets. Cats, dogs, birds among others are some of the common type of the pet companion robots. These pet companions have the ability to take photos, create videos and to play fetch among others. These robots can be controlled with the help of the mobile applications.
- Rising disposable income is driving the growth of this market
- Increasing digitization and growing internet of things technology worldwide is boosting the growth of this market
- Rising pet ownership across India ,Brazil and Asia-Pacific region is a major factor driving the market growth
- Technological advancement and development is fuelling the growth of the market
- High production and manufacturing cost is restraining the growth of this market
- Complexity associated with shipment and production of the product may hinder the market growth
Segmentation: Global Pet Companion Robots Market
- Stationary Robots
- Movable Robots
- Video recording and Monitoring
- Pet Entertainment
- Pet Feeding
By Sales Channel
- Direct Marketing
- Indirect Marketing
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In August 2018, Sony announced the launch of their new robot dog Aibo which is a combination of AI and sensor technology. It also has OLED screen in eyes which help the Aibo to blink. The My Aibo app will help the customer to see photos captured by Aibo through its nose camera and see the environment through sensors
- In August 2017, Pawbo announced the launch of Pawbo iPuppyGo, Pawbo WagTag and Pawbo Munch through which they can expand their pet care portfolio. Pawbo iPuppyGo is designed to keep track of the health and wellness of the pet, Pawbo WagTag is to design to monitor the location and environment and Pawbo Munch will help the owners to interact with their pets anywhere. The main aim of this launch is to strengthen their position in the market
Global pet companion robots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pet companion robots market for Global, Europe, North America, Asia-Pacific and South America.
Major Market Players
Few of the major competitors currently working in global pet companion robots market are Pawbo Inc., Pebby, SmartPaw, Maneks plus doo, RobotShop inc., Ageless Innovation LLC., Sony Corporation., and Kolony Robotic among others.
Research Methodology: Global Pet Companion Robots Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved