The pet companion robot market refers to the industry that focuses on the development, production, and sale of robotic devices designed to provide companionship and assistance to pets. These robots are designed to simulate social interaction, engage with pets, and offer various features to enhance their well-being and entertainment. The market for pet companion robots has gained traction in recent years due to several factors, including the growing pet ownership rates, advancements in robotics and artificial intelligence technologies, and the increasing demand for innovative solutions to enhance the lives of pets.
Pet companion robots come in various forms and offer different functionalities. Some robots are designed to mimic animal behavior, providing realistic movements, sounds, and responses to stimulate interaction with pets. They can offer companionship when pet owners are away, helping to reduce loneliness and separation anxiety in animals. Other pet companion robots may include features such as automatic feeding systems, treat dispensers, built-in cameras for remote monitoring, and interactive games or toys to keep pets mentally stimulated and physically active. These robots often utilize AI algorithms to learn and adapt to the pet’s preferences and behavior over time.
The market includes both autonomous robots and those controlled remotely through mobile applications or connected devices. Remote-controlled robots allow pet owners to interact with their pets in real-time, even when they are not physically present, using features such as live video streaming and two-way communication. Currently, the pet companion robot market is still relatively niche compared to other sectors of the pet industry, such as food, healthcare, and accessories. However, as technology continues to advance, and consumer interest in pet welfare grows, the market is expected to expand further.
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Key Takeaways from Market Study
• The global pet companion robot market is projected to expand at an impressive CAGR of 12.3% and be valued at US$ 2.8 billion by 2033.
• The market witnessed 8.4% CAGR for the period of 2018-2022.
• Under type, autonomous pet feeding robot is predicted to dominate the market and are estimated to be valued at US$ 571.6 million in 2023.
• The U.S. is expected to dominate the market share in North America by likely accounting for 86.1% of its market share in 2023.
• Pet feeding robot under application segment is likely to represent 41.5% market share in 2023.
• Bluetooth connected pet companion robot in connectivity segment is predicted to have a market valuation of US$ 492.9 million in 2023.
Market Development
Companies are continuously launching new pet companion robot with advanced technologies. With increasing number of players entering the market, pet companion robot market will witness a substantial growth in the near future.
Manufacturers of pet companion robot are developing pet companion robots with advanced AI technology, powerful speakers and self-charging capability. Few companies are also developing multifunctional robots that can serve as a pet companion robot as well.
For instance, EBO robot by ENABOT, is a robot companion that can interact with family, children, home, as well as pets. Samsung, debuted its Bixby enabled vacuum cleaner that serves as a pet sitter also in May 2021 using a combination of advanced sensors and AI.
Eminent Players
• Anthouse Technology Ltd.
• DTK Computer FZE
• ENABOT
• GURUIoT
• Pebby
• Pumpkii Inc
• Rocki
• Samsung
• Skymee
• VARRAM
Competitive Landscape
Robotic manufacturers are entering the pet companion robot market by expanding their portfolio. For instance, in March 2021, Guru IoT, an IoT product developer form Korea launched a pet care robot named PEDDY. PEDDY is capable of relieving the loneliness of pets left alone at home and monitors them to avoid any accidents, along with providing food.
In September 2020, a group of engineers and pet lovers launched a robotic companion for pets, Pumpkii with modular design and multifunctional options. The pet companion robot ensures entertainment, food, cleanliness and companionship to pet regardless of owner’s presence
Fact.MR has provided detailed information about the price points of key manufacturers of pet companion robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Pet Companion Robot Industry Research
• By Type:
o Autonomous
o Remote Controlled
• By Application:
o Pet Entertainment
o Pet Video Monitoring/ Recording
o Pet Feeding
• By Connectivity:
o Wi-Fi
o Bluetooth
• By Sales Channel:
o Online Sales
Company Owned Platform
e-Commerce Website
o Offline Sales
Pet Stores
Franchised Stores
Independent Stores
Other Sales Channel
• By Region:
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA
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