Robotic Pet Dogs Market- 35% of Growth to Originate from North America| Evolving Opportunities with Contixo & Sony Group Corp

NEW YORK, June 13, 2022 /PRNewswire/ — The robotic pet dogs market share is expected to increase by USD 914.33 million from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 11.28% as per the latest report by Technavio. The robotic pet dogs market is concentrated and the vendors are deploying growth strategies such as brand, labor, quality, and innovation to compete in the market. Ageless Innovation LLC, BIRANCO Ltd., Consequential Robotics Ltd., Contixo, Dimple NYC., Hyundai Motor Co., Sony Group Corp., SoundOriginal Electronics Co. Ltd., Tombot Inc., WEofferwhatYOUwant, and WowWee Group Ltd. are among some of the major market participants.

• Contixo – The company offers robotic pet dogs under the brand name Intellipup.

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Robotic Pet Dogs Market 2022-2026: Segmentation Analysis

• Distribution Channel

• Geographic

Robotic Pet Dogs Market 2022-2026: Regional Analysis

35% of the market’s growth will originate from North America during the forecast period. The US is the key market for robotic pet dogs market in North America. Market growth in this region will be slower than the growth of the market in other regions. The increasing use of online platforms for purchasing robotic products will facilitate the robotic pet dogs market growth in North America over the forecast period.

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Robotic Pet Dogs Market 2022-2026: Drivers

• The efficiency of robotic pet dogs in the entertaining aged population is one of the key drivers supporting the robotic pet dogs market growth. 

• The robotic pet dogs are efficient in curing dementia, a disease that causes problems with thinking, memory, and reasoning. Alzheimer’s disease is the most common cause of dementia. These robotic pet dogs are designed in such a way that they almost mimic most of the activities that live dogs do, such as winking their eyes, wagging their tail, barking at a time, and many more.

• For instance, Hasbro, one of the prominent vendors operating in the global robotic toys market, offers a robotic dog named Fur Real Friends Biscuit My Lovin Pup. This dog follows various commands such as sit down, lie down, and speak. Moreover, the dog whimpers and nods its head whenever it wants a bone. These actions performed by the robotic pet dogs attract attention and positively entertain older adults. Such entertaining factors of robotic pet dogs will drive the market growth.

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Robotic Pet Dogs Market 2022-2026: Challenges

• The high price for advanced robotic pet dogs is one of the factors hindering the robotic pet dogs market growth. The high price of such artificial dogs can be attributed to the infusion of advanced technology into their production.

• For instance, Sony Aibo, one of the major robotic dogs, is priced at $2,899. The Aibo is encrypted with three touch sensors, two cameras, one time of flight (ToF) sensor for proximity detection, four microphones, and a motion detector. In addition, the ultra-compact 1 and 2-axis actuators are used to allow the dog to move along 22 axes. Also, the inbuilt sensors help the dog to detect and analyze sounds and images. Hence, the high price for such advanced robotic pet dogs will hamper the market growth in developing regions during the forecast period.

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The competitive scenario provided in the Robotic Pet Dogs Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Robotic Pet Dogs Market Forecast Report –  Buy Now!

Robotic Pet Dogs Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026

• Detailed information on factors that will assist robotic pet dogs market growth during the next five years

• Estimation of the robotic pet dogs market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the robotic pet dogs market

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of the robotic pet dogs market, vendors

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Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio