SIASUN(SZ:300024) 3 6 Ke·2026-01-12 07:10Core Insights - The electronic pet market is experiencing a resurgence, driven by the emotional companionship needs of younger generations [1][3] - The evolution of electronic pets reflects a shift from simple digital interactions to more sophisticated AI-driven companions that can engage in emotional exchanges [9][34] Group 1: Evolution of Electronic Pets - The first electronic pet, Tamagotchi, was launched in 1996 and became a cultural phenomenon among the 80s and 90s generations [3][5] - Sony's AIBO, introduced in 1999, was a pioneer in robotic pets, featuring advanced interaction capabilities and self-learning abilities [10] - Recent products like Moflin and LOVOT combine AI with plush designs, offering emotional responses and interactive features that enhance user engagement [12][13] Group 2: Market Dynamics - The demand for electronic pets is fueled by urbanization and an increase in single-person households in China, which rose from 67.09 million in 2010 to 125 million in 2020 [20][22] - The pet economy is thriving, with China's urban pet consumption market projected to grow from 97.8 billion to over 300 billion yuan from 2015 to 2024, reflecting a compound annual growth rate of 12.98% [24] - Electronic pets serve as ideal alternatives for individuals unable to care for real pets, providing companionship without the responsibilities of traditional pet ownership [26][27] Group 3: Emotional Connection and AI Integration - AI-enabled electronic pets offer personalized emotional support, adapting to user interactions and preferences through advanced algorithms [27][32] - The emotional connection fostered by these pets is significant, as they can recognize and respond to user emotions, enhancing the sense of companionship [32][33] - The global AI pet market is valued at $1.19 billion in 2023, with projections to reach $3.51 billion by 2030, indicating a robust growth trajectory [34] Group 4: Future Prospects - The companion robot market is expected to grow from 75 billion yuan in 2023 to 304.3 billion yuan by 2029, with a remarkable annual growth rate of 25.56% [36] - The aging population in China presents a significant opportunity for companion robots, with an estimated 310 million people aged 60 and above by 2024 [36] - Technological advancements and cost reductions are likely to increase the penetration of companion robots in various sectors, including healthcare and education [38]