Press release
Pet Companion Robot Market is expected to grow at a CAGR of 4.73% from 2023-2030 : Cognitive Market Research
Pet Companion Robot Market is expected to grow at a CAGR of 4.73% from 2023-2030 : Cognitive Market Research
A pet companion robot is a robotic device designed to provide companionship and entertainment to pet owners, especially those who are unable to care for live pets due to factors such as allergies, housing restrictions, or physical limitations. Pet companion robots are designed to look and behave like real animals, with features like soft fur, expressive eyes, and lifelike movements. They may be equipped with advanced sensors that enable them to respond to human touch, voice commands, and other stimuli. Some pet companion robots are also designed to mimic the behavior of real animals, such as playing or responding to the actions of their owners.
Summary:
• Global Pet Companion Robot Market Size Was Valued at USD 432.89 Million In 2022 And Is Expected to Grow at A CAGR Of 4.73 % During the Forecast Period, Reaching USD 626.54 Million By 2030
• The rising adoption of smart app-controlled robots along with the recent advancements in robotics technology is the major driving factor for the growth of the pet companion robot market.
• North America is accounted for the largest share of the pet companion robot market.
To know more The Pet Companion Robot Market statistics click here:
https://www.cognitivemarketresearch.com/pet-companion-robots-market-report
Market Dynamics:
The rising adoption of smart app-controlled robots along with the recent advancements in robotics technology is the main driving factor contributing to the growth of the global pet companion robot market during the forecast period. Robotic technology has made it possible to create realistic and interactive pet companion robots that can mimic the behavior of real animals. This has increased the demand for pet companion robots. Additionally, changes in consumer attitudes towards a pet are another factor that propels market growth during the forecast period.
However, issues and concerns associated with its use included ethical issues of attachment, negative reactions by users, and other pragmatic concerns such as hygiene and cost that may obstruct the growth of the global pet companion robot market in near future. Further, the future of pet companion robots is robotic dogs are expected to create great opportunities for the market during the forecast period.
Market Segmentation:
By Type
• Stationary Robots
• Movable Robots
Movable robots held the major revenue share in terms of type
The movable robots segment leads the revenue share in terms of type due to the rising demand for mobility features in robotics technology. Pet companion robots are a specific type of movable robots that are designed to interact with and provide support to pets. Pet companion robots typically have mobility features that enable them to move around and follow their pet companions as they move around the home.
By Application
• Video recording and Monitoring
• Pet Entertainment
• Pet Feeding
Based on application, video recording, and monitoring acquired a major share in 2022
Video recording and monitoring acquired a major share in 2022. It is attributed to the increasing demand for monitoring applications to check pets' behavior. Some pet companion robots are equipped with cameras that can be accessed remotely through a smartphone or other device, allowing pet owners to check on their pets and monitor their behavior while they are away.
Competitive Analysis for Pet Companion Robot Market:
Sego Robotics, Anthouse Technology Ltd., Pawly, SmartPAw, Sybo Tech, Pawbo
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Regional Analysis
North America dominated the pet companion robot market.
North America is expected to hold relatively the largest share of the pet companion robot market followed by Europe during the forecast period. It is mainly because of the rapid emergence of robotics technology and the rising number of pet owners in the region, especially in Canada and the United States. In North America, pet companion robots are becoming increasingly popular among pet owners who want to provide their pets with additional support and care. In addition, pet companion robots are an emerging technology in North America that is widely adapted to provide companionship and support to pet owners.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Pet Companion Robots Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Pet Companion Robots Market Segmentation
1.5.1 Pet Companion Robots Market Regional Fragmentation
1.5.1 Pet Companion Robots Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Pet Companion Robots Market
• 3.1 Global Pet Companion Robots Market Size 2018 - 2030, (USD Million)
• 3.2 Global Pet Companion Robots Market Statistics 2022: Snapshot
Chapter 4 Global Pet Companion Robots Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Pet Companion Robots Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Pet Companion Robots Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Pet Companion Robots Market Regional Analysis
Chapter 11 North America Pet Companion Robots Market Outlook (2018 - 2030)
Chapter 12 Europe Pet Companion Robots Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Pet Companion Robots Market Outlook (2018 - 2030)
Chapter 14 Latin America Pet Companion Robots Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Pet Companion Robots Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Pet Companion Robot Market TOC click here:
https://www.cognitivemarketresearch.com/pet-companion-robots-market-report#table_of_contents
Related report
Industrial robot market :
https://www.cognitivemarketresearch.com/industrial-robot-market-report
Artificial intelligence robot market:
https://www.cognitivemarketresearch.com/artificial-intelligence-robotics-market-report
Professional service robot market:
https://www.cognitivemarketresearch.com/professional-service-robots-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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