The Global Residential Robotic Vacuum Cleaner Market, by Robot type (In-house Robot, Outdoor Robot), By Mode of Charging (Manual Charging, Auto Battery Charging) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Forecast to 2027”, is expected to be valued at US$ 4885.2 Million by 2027, exhibiting a CAGR of 11.9 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.

Overview

The robotic vacuum cleaner also referred to as robovac, is an artificial inbuilt autonomous robotic vacuum cleaner with an ability to remember the layout of the area that is supposed to clean. It has an excellent memory that enables it to return to the same point at which it was started its task. Moreover, the residential robotic vacuum cleaners work on the principle of sensor that helps to estimate the size of the room. The unit of the robotic vacuum cleaner includes batteries, a mobile base, programming software, a cleaning system, and other accessories. These robots also comprise cameras mounted on top to clean hard-to-reach surfaces and top corners. Mopping, spinning brushes, navigation technology, UV sterilization, security cameras, and intercom systems are some of the other features of residential robotic vacuum cleaners.

The global Residential Robotic Vacuum Cleaner Market is estimated to account for US$ 2099.0  Mn in 2019 in terms of value and is expected to grow at CAGR of 11.9% for the period 2019-2027

Market Drivers

Increasing requirement for automated cleaning systems is expected to drive growth of the global residential robotic vacuum cleaner market during the forecast period

People living in metropolitan cities have less time to complete daily household chores including cleaning, mopping, etc. due to busy lifestyle. Thus, people are increasingly adopting residential robotic vacuum cleaners, as they offer value-added features such as room memory, laser vision, smartphone connectivity, smart navigation, and many more advantages. Moreover, increasing female employment has increased the adoption of robotic vacuum cleaners for swift and sophisticated cleaning of house. Therefore, these factors are expected to drive growth of the global residential robotic vacuum cleaner market during the forecast period.

Market Opportunity 

Rising emphasis on research and development activities is expected to present lucrative growth opportunities for market players

Growing focus of manufacturers to invest in research and development activities, in order to develop highly advanced robots for household chores is expected to provide potential growth opportunities for market players. For instance, in September 2015, Bedford-based robotics firm has debuted its smartest vacuum robot after investing over US$ 100 million in research and development activities. The iRobot Roomba 980 is technologically advanced due to the way it can navigate through an entire level of a house while simultaneously mapping it. The technology is called "visual simultaneous localization and mapping" and it's the cornerstone of the new Roomba's intelligence.

Market Restraint 

Low awareness regarding benefits of robotic vacuum cleaners is expected to hamper the global residential robotic vacuum cleaner market growth over the forecast period

Lack of awareness regarding the residential robotic vacuum cleaners is expected hinder the adoption of these vacuum cleaners. These equipment are highly popular across developed regions such as North America and Western Europe. However, the adoption rate is still low in Africa and Asia Pacific, especially India. High product prices, limited availability, lack of awareness, and knowledge about products are some factors restraining the growth of the residential robotic vacuum cleaner market in emerging regions. For instance, advanced robotic vacuum cleaners cost around US$ 500 and above.

Market Trends

  1. Increasing partnership and collaboration activities among market players to innovate novel products

Growing trend of developing a partnership among major players for introducing highly advanced products and expand their presence in the market is expected to augment the market growth. For instance, in October 2018, iRobot partnered with Google Inc. to improve smart home devices with indoor maps. The two firms announced a strategic partnership to enhance the smart home devices using spatial data collected by iRobot’s robot vacuum cleaners.

  1. Rising trend of smart homes is expected to boost the demand for robotic vacuum cleaners

Rising adoption of smart homes around the globe is a major factor fueling the demand for residential robotic vacuum cleaner over the forecast period. According to the Cover Story Media, an online publishing company, the U.S. is the largest consumer of smart home technology with a market volume of US$ 23.5 billion in 2019 (followed by China with US$ 12.9 billion and Japan with US$ 4.19 billion). Revenue in the Smart Home market amounts to US$ 23.5 billion in 2019 (up 15.4% from 2018).

Competitive Section:

Key players operating in the global residential robotic vacuum cleaner market are Ecovacs Robotics, Inc., Milagrow Business & Knowledge Solutions (Pvt.) Limited, iRobot Corporation, Pentair plc, Neato Robotics, Inc., Samsung Electronics Co., Ltd., Yujin Robot, Co., Ltd., Philips Electronics N.V, Dyson Inc., and Hayward Industries, Inc. 

Key Developments

  1. Key players in the market are focused on product launches, in order to enhance the product portfolio. For instance, in January 2015, Ecovacs Robotics, Inc. launched the DEEBOT 8 Series, which is the newest addition to the DEEBOT vacuuming family. It is a more powerful and versatile robotic vacuum cleaner. With its innovative functions, the single robot can vacuum, mop, and polish the floor. These new functions of DEEBOT 8 Series robot vacuum cleaners continue to offer a competitive advantage to the company. 
  2. Key companies in the market are involved in product development, in order to gain competitive edge in the market. For instance, in April 2015, Philips Electronics N.V. introduced a new generation of robotic vacuum cleaner, SmartPro, which is equipped with a smart detection system that enables robots to recognize the shape of the space around them, and accordingly select optimum mode for cleaning the house.

Segmentation

  1. By Robot Type
  • In-house Robot
  • Outdoor Robot
  1. By Mode of Charging
  • Manual Charging
  • Auto Battery Charging
  1. By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
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