The global market for robotic vacuum cleaners is projected to hit a value of USD 4611.1 million by 2023, with a moderate Compound Annual Growth Rate (CAGR) of 12.3% from 2023 to 2033. By the end of 2033, it is expected to grow substantially, reaching around USD 14774.0 million in valuation.
The increasing popularity of industrial robots is anticipated to contribute to the growing demand for robotic vacuum cleaners. This surge in demand is driven by various sectors such as manufacturing, automotive, healthcare, among others. Robotic vacuum cleaners offer numerous advantages over traditional vacuums, including decreased labor costs, which is expected to further bolster their market share expansion.
Robotic hoover cleaners can also be equipped with UV sterilisation, mopping and revolving brushes. Some are made to carry out domestic cleaning tasks effectively. Manufacturers are combining security cameras, intercom systems, and other features with robotic hoover cleaners to provide increased performance and efficiency.
Robotic vacuum cleaners are a result of technological advancements enabled by artificial intelligence (AI) and the internet of things (IoT). They can be programmed and operated remotely to execute their cleaning tasks and they are clever enough to do it with minimal human intervention. With their advanced technologies, robots are playing an increasingly essential role in modern society, making human life easier and more comfortable.
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Market players are concentrating on producing more technologically advanced robotic vacuum cleaners using cutting-edge technology such as artificial intelligence (AI) (Artificial intelligence). Samsung Electronics, for example, released an AI robot vacuum cleaner in 2021 that has improved object identification and operation performance due to artificial intelligence (AI) technology.
The BESPOKE Jetbot AI is a smart robot vacuum cleaner designed to clean itself and empty its dust bin. It is the world’s first robot cleaner to be equipped with Intel’s artificial intelligence (AI) solution (Intel Movidius), which enables the robot cleaner to reason independently like humans.
Key Takeaways from the Robotic Vacuum Cleaners Market Study
- The in-house robot segment is expected to dominate the robotic vacuum cleaners market, representing 75.9% of the total market share in 2021.
- Auto battery charging type holds the majority share in mode of charging, accounting for 70.9% of the total market share in 2021.
- The United States stands out as a significant market in North America, with robotic vacuum cleaners sales capturing 91.5% of the regional market share in 2021.
- Within Europe, the United Kingdom is poised to emerge as a highly profitable market, displaying a Compound Annual Growth Rate (CAGR) of 7.5%.
“Customers from diverse sectors are increasingly turning to automated products to save time and energy. Within the household sector, the demand for smart home technology is on the rise. This has created ample prospects for the expansion of the robotic vacuum cleaners market,” says an FMI analyst.
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Who is winning?
Leading manufacturers of robotic vacuum cleaners are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of robotic vacuum cleaners globally.
Major players present in the robotic vacuum cleaners market are
- Koninklijke Philips N. V
- LG Electronics
- Robert Bosch GmbH
- Samsung Corporation
- Dyson Ltd.
- iRobot Corporation
- Panasonic Corporation
- Xiaomi
- ECOVACS
- Proscenic
- Neato Robotics, Inc.
- Yujin Robot, Co., Ltd.
- Hayward Industries, Inc.
- Pentair plc
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Global Robotic Vacuum Cleaners Market by Category
By Robot Type:
- Outdoor Robot
- In-House Robot
By Mode of Charging:
- Manual Charging
- Auto-Battery Charging
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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