From treat dispensaries to smart collars pet devices are developed to make pet’s life more simple. The Buddy smart collar is a LED-capable collar that can track and monitor your dog while the DOTT dog tag is a Bluetooth-enabled device that attaches to a dog's collar and pairs with the owner's phone to form a virtual leash. When it comes to cats and feeding, the CatFi Box is a low-tech feeder that helps track your cat's eating habits while the Bistro Cat Feeder is equipped with facial recognition technology to help with portion control.
Hong Kong listed SUGA (0912.HK) and other start-ups in China are behoofing via pet wearables like smart collars, leashes and feeders.
Let us glance at what a user had to comment:
"The device really helped me once, when I loosened the collar and he just ran out of the park," said Liu.
Albeit the electronic pet device market in China is quite small, it is reckoned that the market is growing by a fifth or even quarter every year and has seized the heed of many developers and producers such as PetPace LLC, Mars Petcare's Whistle Labs Inc, i4C Innovations, Fitbark and DeLaval.
Alfred Ng, chief technology officer at Suga, estimates China is now 5 percent of a global market that U.S.-based market intelligence firm Transparency Market Research estimates was worth $1 billion at the end of 2016.
It is spaed that China’s share of market might hop to more than 20 percent by 2024, it is estimated that global market will be worth at least $2.5 billion.
SUGA produces wearable tech that monitors pets' health and food intake. It is also eyeing a device to check pet emotions.
Chen Xufeng, marketing manager of Guangzhou-based software developer Guangdong Lekong IOT Technology Co Ltd, expects the China market in pet electronic devices to grow 20 percent to 25 percent in the next two to three years.