The electronic pet device market

The less I take them to see vets the more time I can spend playing with them.SUGA produces wearable tech that monitors pets health and food intake.Lia Yang Liu, 39, a lecturer in Chinese literature at a Beijing university, bought a GPS tracker that attaches to her dogs collar.Pet ownership, denounced as a decadent and bourgeois habit after the Communist Party took power in China more than 60 years ago, has become popular again among the countrys growing middle class. That would be ideal," she said.Ava Lui, 33, an IT professional in Hong Kong, has three cats and a dog and has fitted her pets with collars that can monitor their activity and food intake.Ng forecasts that Chinas share of the market will jump to more than 20 percent by 2024, by which time Transparency Market Research estimates the global market will be worth at least $2."There are more than 10 million pieces of wearable products for pets sold in the Chinese market every year," Chen said.Electronic device makers such as Hong Kong-listed SUGA and other start-ups are looking to cash-in on a boom in China in so-called pet wearables, like smart collars, leashes and feeders. I dont believe devices can translate a pets language for us..-based market intelligence firm Transparency Market Research estimates was worth $1 billion at the end of 2016."

The electronic pet device market in China is still quite small but by some estimates is growing by a fifth or even a quarter every year, drawing developers and producers such as PetPace LLC, Mars Petcares 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.IDTechEx, an independent market research firm, said there are 300 manufacturers of wearable pet gadgets Smart pet product supplier globally and almost half are based in China. It predicted the number will rise to 500 as the market expands."I think the commercials just exaggerate the effects.5 billion.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.

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