Robotic pet toys are pre-assembled and pre-programmed robots that have personal applications. The robot-human interface in robotic pet toys is designed in a way that even consumers with less knowledge on robotics can operate them effectively and conveniently. People with pets have been observed to enjoy longer and happier lives than those who do not own one. This is because having pets reduces the risk of heart diseases and chances of feeling lonely.
Technavio’s analysts forecast the global robotic pet toys market to grow at a CAGR of 64.79% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global robotic pet toys market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Robotic Pet Toys Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Hasbro • Spin Master • WowWee Group
Other prominent vendors • Consequential Robotics • ihoven • MGA Entertainment • Tekno Robotics • WEofferwhatYOUwant
Market driver • Rising global aging population, especially in developed countries • For a full, detailed list, view our report
Market challenge • Greater initial investments and servicing costs required in designing process • For a full, detailed list, view our report
Market trend • Emergence of robotic pet toys incorporated with AI technology • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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Gross Domestic Product
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