Global Robotic Pet Toys Market Research Report 2017-2021

Dublin, Dec. 01, 2017 -- The "Global Robotic Pet Toys Market 2017-2021" report has been added to Research and Markets' offering.

The global robotic pet toys market to grow at a CAGR of 64.79% during the period 2017-2021.

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.

One trend in the market is emergence of robotic pet toys incorporated with AI technology. Increasing investments in R&D facilities of robotics have led to the development of robotic pet toys, with AI. Voice recognition and proprietary algorithms, which can detect human emotions from their expression, are also incorporated in such robots. Subsequently, such robots can understand phrases, sentences, and simple commands.

According to the report, one driver in the market is rising global aging population, especially in developed countries. The rising global aging population, especially in the developed countries, is one of the key factors driving the market. This is because elderly people need caretaking and companionship, two responsibilities, which entertainment robots, like robotic pet toys, seamlessly perform. According to The World Bank Group in 2016, the population aged 65 years and above recorded 8.48% of the global population. Japan with 27% of its total population and Italy with 23% of its total population are two countries, where elderly people form a large fraction of their respective populations.

Further, the report states that one challenge in the market is greater initial investments and servicing costs required in designing process. The need for high initial investments in designing and developing entertainment robots, including robotic pet toys, hampers the growth of the global robotic pet toys market. Though the market is a relatively small value market, it is growing steadily and involves a large number of small and individual end-users. Robotics requires a lot of development and testing time before being commercialized and a long return on investment (ROI) period. Although some robotic start-ups are emerging, they lack the financial capability to bring in ground-breaking innovations within a short span of time.

Market Trends

• Emergence of robotic pet toys incorporated with AI technology
• Increasing focus on robotics research through research institutes and governmental support
• Advent of solar-powered robotic pet toys
• Introduction of open software platform in robotics industry

Key vendors

• Hasbro
• Spin Master
• WowWee Group

Other prominent vendors

• Consequential Robotics
• ihoven
• MGA Entertainment
• Tekno Robotics
• WEofferwhatYOUwant

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Market Segmentation By Distribution Channel

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Competitor Landscape

Part 13: Competitor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/zw5z4t/global_robotic

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