Technology

AI-Driven Transformation: Automatic and Smart Pet Feeder Market Set to Grow by USD 1.75 Billion from 2024 to 2028 Due to Urban Lifestyle Changes – Technavio

Published

2 days ago

September 25, 2024

NEW YORK, Sept. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global automatic and smart pet feeder market size is estimated to grow by USD 1.75 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.34% during the forecast period. Changing lifestyle patterns and busy work lives of urban populace is driving market growth, with a trend towards smart homes augmenting demand for smart pet feeders. However, low battery life leading to low battery runtime poses a challenge. Key market players include C and A Marketing Inc., CEVA SANTE ANIMALE S.A, Dogness (International) Co. Ltd., Doskocil Manufacturing Co. Inc., Encaya Corp., Faroro, OWON Technology Inc., Paiwang Pet APP, Petcube Inc, PetKeen, PETKIT Ltd., Pets at Home Group Plc, Qpets Inc., Radio Systems Corp., Shenzhen Skymee Technology Co. Ltd., SureFlap Ltd., Tuya Inc, Vet Innovations Inc., and Wopet.

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Automatic And Smart Pet Feeder Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.34%

Market growth 2024-2028

USD 1747.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.77

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 55%

Key countries

US, Canada, Germany, UK, and Japan

Key companies profiled

C and A Marketing Inc., CEVA SANTE ANIMALE S.A, Dogness (International) Co. Ltd., Doskocil Manufacturing Co. Inc., Encaya Corp., Faroro, OWON Technology Inc., Paiwang Pet APP, Petcube Inc, PetKeen, PETKIT Ltd., Pets at Home Group Plc, Qpets Inc., Radio Systems Corp., Shenzhen Skymee Technology Co. Ltd., SureFlap Ltd., Tuya Inc, Vet Innovations Inc., and Wopet

Market Driver

The market for automatic and smart pet feeders has experienced significant growth due to the rise of digitized homes. Connectivity-enabled feeders, which can be controlled via smartphones, are particularly popular. Owners can monitor their pets’ activities remotely, enhancing convenience. Additionally, integration with digital voice assistants like Amazon’s Alexa is a recent trend. For instance, Petnet Inc.’s SmartFeeder can be controlled using voice commands. This innovation allows users to operate their pet feeders hands-free, contributing to the market’s expansion.

The Automatic and Smart Pet Feeder market is booming due to the increasing trend of pet ownership. These feeders use AI-driven feeding algorithms, voice control integration, and biometric identification technology to provide personalized feeding for dogs and cats. Smart home ecosystems, pet activity trackers, pet cameras, and home automation systems are also integrated into these feeders. Wi-Fi-enabled and camera-equipped feeders allow pet owners to monitor their pets from anywhere. Pet rehabilitation centers, pet daycares, online retailers, and e-commerce platforms are embracing smart pet feeders as a pet care solution. PetSafe, Arf Pets, and Roffie are leading brands in this market. Maintenance and cleaning are made easy with programmable interfaces. Health monitoring features include video camera, sensors, and smart sensors. Scheduled feeding, smartphone apps, and smart home connectivity are additional benefits. Weight tracking, dietary recommendations, veterinary services, and video monitoring are also available. These devices offer convenience, nutrition, and peace of mind for pet owners.

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Market Challenges

Automatic and smart pet feeders offer convenience and technology to pet owners, allowing them to feed their pets remotely. However, one major challenge is the low battery life of these devices. The increased power consumption of smart pet feeders, due to their connectivity with smartphones and motorized functions, significantly reduces battery life. In contrast, automatic pet feeders have a longer battery life due to fewer power-consuming features. To address this issue, some vendors have introduced alert systems that notify pet owners of battery status and remaining operational hours. Enhancing battery life is crucial for pet owners who travel extensively, ensuring their pets are fed regularly. Despite these advancements, the high power consumption of smart pet feeders may hinder market growth during the forecast period.The automatic and smart pet feeder market caters to pet owners seeking convenient and tech-solved pet feeding solutions for various pet types, including dogs and cats. Companies like PetSafe, Arf Pets, and Roffie lead this industry. Challenges include pet acceptance, maintenance and cleaning, and pet health monitoring. Smart sensors and video cameras ensure timely meals, while smartphone apps and smart home connectivity offer weight tracking, dietary recommendations, and veterinary services. Devices provide scheduled feeding, treat dispensing, interactive play, and travel-friendly options. Weight management requirements, routine eating habits, and overeating are addressed through programmable interfaces and nutrition tracking. Food-related behavior issues are minimized with smart automatic feeders. Technology and connectivity options continue to evolve, driving mobile app development and automated feeding systems.

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Segment Overview

This automatic and smart pet feeder market report extensively covers market segmentation by

Distribution Channel1.1 Offline1.2 OnlineType 2.1 Automatic2.2 SmartEnd-user 3.1 Dogs3.2 CatsGeography 4.1 North America4.2 Europe4.3 APAC4.4 South America4.5 Middle East and Africa

1.1 Offline- The Automatic and Smart Pet Feeder market is experiencing significant growth due to increasing pet ownership and the convenience they offer. These feeders use technology like Wi-Fi connectivity and mobile apps to allow pet owners to schedule feeding times remotely. They also have features like portion control and automatic dispensing, making pet care more efficient. Manufacturers continue to innovate, introducing models with voice control and integration with other smart home devices. The market is expected to expand further as more pet owners seek tech-enabled solutions for their pets’ needs.

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Research Analysis

The Automatic and Smart Pet Feeder market is a growing segment in the pet industry, designed to cater to the needs of pet owners who want to ensure their pets are well-fed and healthy even when they’re not at home. These feeders are suitable for various pet types, including dogs and cats. They use sensors and smart technology to dispense food at scheduled times, monitor pet health, and even offer interactive play features. Some models include video cameras for remote monitoring, while others connect to smartphone apps and smart home systems for convenience. These feeders offer weight tracking, dietary recommendations, and even veterinary services, prioritizing the health and wellbeing of pets. With programmable interfaces, pets can enjoy treats and regular meals, providing peace of mind for pet owners during travel. The market continues to evolve, offering innovative solutions to meet the diverse needs of the pet community.

Market Research Overview

The Automatic and Smart Pet Feeder market caters to the growing needs of pet owners who prioritize the health and routine of their beloved dogs and cats. These devices offer various features for different pet types, including scheduled feeding, smartphone apps, and smart home connectivity. The pet industry has seen a growth in the adoption of these pet care solutions, with devices utilizing sensors, smart sensors, and even video cameras for pet health monitoring. These feeders offer weight tracking, dietary recommendations, and veterinary services, ensuring the optimal health of pets. Interactive features like treats dispensers, interactive play, and voice control integration add to the appeal. Traveling pet owners can also benefit from these devices, ensuring timely meals even when away. Smart Automatic and Smart Pet Feeders use AI-driven feeding algorithms and biometric identification technology to cater to the unique dietary needs and weight management requirements of pets. These devices are becoming integral parts of the smart home ecosystems, integrating with pet activity trackers, pet cameras, home automation systems, and Wi-Fi-enabled feeders. The market is expected to grow significantly as pet ownership continues to rise, and technology advances to better meet the needs of our furry friends.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineTypeAutomaticSmartEnd-userDogsCatsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 and counting, covering 800 technologies, spanning across 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Expo enhanced by China-ASEAN cooperation

Published

50 mins ago

September 27, 2024

BEIJING, Sept. 27, 2024 /PRNewswire/ — A report from China Daily:

The 21st China-ASEAN Expo, which is taking place in Nanning, Guangxi Zhuang autonomous region, aims to increase consensus, deepen mutually beneficial cooperation, and enhance China-ASEAN collaboration to an unparalleled level.

The expo, which commenced on Tuesday and will run until Saturday, is marked by several new initiatives. Notably, it provides a novel theme focusing on strategic emerging industries, spotlighting cutting-edge advancements and technological breakthroughs in such areas as digital technology, green low-carbon initiatives, new energy and smart connected vehicles.

Moreover, the expo introduces a high-tech product exhibition area tailored for ASEAN countries, a first-time feature that showcases technical progress made in healthcare, information technology, new energy and other key sectors. It aims to support high-tech ASEAN enterprises in expanding their market presence in China and beyond.

The 21st CAEXPO is to include an open day, offering businesses enhanced market visibility and granting the general public a firsthand experience of the concrete outcomes resulting from practical cooperation between China and ASEAN countries.

This year’s expo boasts an exhibition area spanning nearly 200,000 square meters and has attracted the participation of more than 3,000 companies, with Malaysia taking the spotlight as the “theme country”.

Malaysian government officials are set to participate in dialogues with Chinese enterprise CEOs, fostering better understanding of the country’s investment policies and aiding the exploration of overseas markets.

At the 21st CAEXPO, the United Arab Emirates has confirmed its participation as a “special partner country”, marking a historic moment as it becomes the first Gulf Cooperation Council member to attend.

The UAE has established a national pavilion to display its investment environment, key industries and cooperative projects, promoting direct dialogue and partnerships between enterprises.

Through extensive discussions, they will collaborate on trade, tourism, investment, finance, and technology, jointly develop new areas and partnership frameworks to strengthen the bilateral economic and trade ties.

The expo also features a dedicated China-ASEAN cultural exchange exhibition zone, highlighting examples and collaborative accomplishments in this field.

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SOURCE China Daily

Technology

Huawei Unveils the Xinghe Intelligent Autonomous Driving Network Solution, Accelerating Digital and Intelligent Transformations Across Industries

Published

50 mins ago

September 27, 2024

SHANGHAI, Sept. 27, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, the “Xinghe Intelligent Autonomous Driving Network” session successfully brought together over 100 representatives from enterprises, industry experts, and partners. During this session, Huawei introduced the industry’s first L4 autonomous driving network solution — Xinghe Intelligent Autonomous Driving Network, paving the way for comprehensive digital and intelligent transformations across various sectors.

As AI technologies reach critical milestones and AI applications approach a tipping point, industries are increasingly adopting AI solutions. Also, the rapid advancement of computing power has led to the widespread implementation of digital twins and various large language models (LLMs), driving network intelligence into a new phase of rapid development. The integration of these new technologies into the network domain is becoming inevitable.

To address these advancements, Huawei launched the Xinghe Intelligent Autonomous Driving Network solution for enterprises. Wang Hui, President of NCE Domain at Huawei Data Communication Product Line, emphasized that the solution features a three-layer architecture comprising intelligent network elements (NEs), digital twins, and an intelligent brain. It integrates foundational capabilities, including the 10B-level-corpus telecom foundation model and cloud-map algorithm powered simulations, to create an L4 autonomous driving network capable of self-identifying risks, autonomously resolving faults, and self-verifying changes. This solution offers an AI-assisted O&M expert designed for various industries, including finance and education.

Intelligent NEs: These NEs can sense comprehensive data — including services, traffic, and applications — within milliseconds, providing essential data for network-wide intelligence and significantly enhancing the processing efficiency of underlying network devices.Digital twins: The network digital map creates a multi-dimensional, real-time visualization of the network, allowing for online simulations. It offers a lightweight operations and maintenance (O&M) solution that facilitates trial and error, accelerating the innovative iteration of network operations.Intelligent brain: Utilizing the telecom foundation model, this component accurately interprets user intentions through natural language, transforms user requirements, and dynamically invokes various scenario-based AI agents, achieving end-to-end network intelligence.

As AI model technologies continue to evolve and deepen in application, Huawei remains committed to ongoing research and development, striving for more precise intelligent decision-making and efficient automated management across various scenarios, ultimately helping customers’ networks advance towards L4 high-level intelligence.

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Technology

China Arbitration Summit 2024 and China-MENA Arbitration Summit Held in Beijing

Published

50 mins ago

September 27, 2024

BEIJING, Sept. 27, 2024 /PRNewswire/ — The China Arbitration Summit 2024 and China-MENA Arbitration Summit was successfully held in Beijing on September 26, under the theme “International Arbitration Transcending Eras.” Nearly 500 attendees from 47 countries and regions, including government officials, leaders from international organizations, and representatives from major arbitration institutions, judges, arbitrators, lawyers, scholars, and business professionals, participated in the event.

The forum achieved practical results, contributing to strengthening legal cooperation, advancing international arbitration, and supporting the global economic order.

Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT) and the China International Economic and Trade Arbitration Commission (CIETAC), highlighted that CIETAC has solidified China’s leading position in arbitration. He emphasized that CIETAC aims to contribute further to high-quality international arbitration development, global economic recovery, and the building of a shared future for humanity.

Li Mingzheng, Vice Minister of Justice of China, stated that CIETAC’s independent, fair, and efficient arbitration services are widely recognized domestically and internationally. He emphasized the need for continuous innovation in arbitration, further development of rules, and enhanced international collaboration to build a global brand for arbitration services.

Wang Shumei, a senior justice and member of the Supreme People’s Court of China, shared measures taken by Chinese courts to innovate in arbitration and improve their role in global governance. She affirmed that Chinese courts will continue to foster a favorable legal environment for the advancement of international arbitration.

In a video message, Anna Joubin-Bret, Secretary-General of the United Nations Commission on International Trade Law (UNCITRAL), reaffirmed UNCITRAL’s commitment to addressing the new opportunities and challenges posed by modern dispute resolution.

Ismail Selim, President of the International Federation of Commercial Arbitration Institutions (IFCAI), stressed that arbitration must evolve to align with the era’s trends of digitization and interconnectedness, promoting shared vision, adaptability, inclusivity, and global integration.

The forum saw the launch of the “2024 International Arbitration Cooperation Initiative”, led by CIETAC and supported by arbitration institutions primarily from the Middle East and North Africa. The initiative aims to enhance cooperation among international arbitration bodies and contribute to building a community of shared future through arbitration.

CIETAC signed cooperation agreements with six international arbitration and legal service institutions, establishing mechanisms for joint research projects, co-hosted training, mutual recommendations of arbitrators, and shared use of facilities.

The summit was organized by Guangxi CA Panorama Group.

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