With the acceleration of the pace of social life and people's pursuit of quality of life, the fertility rate is falling again and again, but the pet economy is thriving, and even the pet smart hardware market has become a 100 billion emerging market.
According to the data of Lotu Technology, the sales volume of China's consumer-grade surveillance camera market will reach 53.43 million units in 2023, among which in the field of pet smart hardware, EZVIZ Network stands out with its innovative products and strong performance.
The performance is gratifying, and the performance has increased
In the 2023 financial report, EZVIZ Network has achieved a double increase in performance, showing its strong development momentum. The total annual revenue reached 4,839.7 million yuan, a year-on-year increase of 12.39%, the operating profit reached 571.8 million yuan, a year-on-year increase of 72.78%, and the net profit reached 562.9 million yuan, a year-on-year increase of 68.8%. These data fully demonstrate the competitive strength and market recognition of EZVIZ Network in the industry.
The market share is firmly in the forefront
EZVIZ Network is firmly at the forefront of the consumer-grade surveillance camera market, and its product line covers a variety of new products such as video call camera S10, outdoor PTZ H8x series, TAMO care camera, AI three-camera face video lock DL60FVX Pro, and home assistant robot RK3.
In particular, the TAMO care camera, as a movable camera, is not limited to basic monitoring, but also has practical functions such as AI pet recognition, one-click pet finding, laser pet teasing, etc., which is deeply loved by pet owners.
Layout the pet smart market and usher in new opportunities
The new product release of EZVIZ Network shows its emphasis on the pet smart market and its layout. According to the "Blue Book of the Pet Industry: 2023 China Pet Industry Development Report", in 2023, China will have nearly 200 million pets, and the market size will increase to nearly 250 billion yuan, with a compound growth rate of 13.1% in the past five years, which is higher than the global level.
In response to the needs of busy young people and pet caregivers, EZVIZ has launched a series of smart camera products for pet care. Among them, the launch of TAMO care cameras fills the gap of traditional fixed position surveillance products, with mobility and more practical functions, which has been welcomed by the market.
The AI model is implemented in the hardware to improve the user experience
In addition to its success in the field of surveillance cameras, EZVIZ is also actively exploring the application of AI technology in hardware. By combining AI technology and hardware equipment, EZVIZ realizes the application of super night scene function and AI recognition algorithm, and improves the performance and function of surveillance cameras. At the same time, the addition of the AI model also brings richer functions and services to EZVIZ's smart door locks and home assistant robots, further improving the user experience.
Looking to the future, AI models will become a new business value
With the continuous development and application of AI technology, AI large models have become a new business value point in the hardware industry. EZVIZ Network takes the lead in deploying AI technology and applying AI large models to hardware products, providing users with more intelligent and personalized services and experiences. In the future, with the continuous maturity and popularization of AI technology, AI large models will become an important enabling point for the hardware industry, injecting new vitality into the development of the industry.
To sum up, as a leader in the consumer surveillance camera market, EZVIZ Network is leading the arrival of the era of pet intelligence with its innovative products and strong technical strength.
In the future, with the continuous development and popularization of AI technology, EZVIZ Network will continue to provide users with more intelligent and convenient hardware products and services, injecting new vitality into the development of the industry.