This market research report presents a detailed analysis of the key drivers, challenges, and upcoming trends that influence market growth. It also outlines the market shares for key regions like APAC, Europe, North America, and ROW. The leading vendors analyzed in this market study are iRobot, LG, Neato Robots, and Samsung Electronics.
Technavio has released a new market research report on the global robotic vacuum cleaner market, which is expected to grow at a CAGR of 15% by 2020. The rising need for improved functionality and performance of robotic vacuum cleaners will drive the prospects for growth in this market. The ability of robotic vacuum cleaners to reduce the time required for regular household cleaning activities will result in its augmented adoption during the predicted period. EMEA is the largest market for robotic vacuum cleaners, owing to the populace’s growing preference for devices that will make their daily chores easier and quicker.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“A rise in the number of smart cities, smart homes, and urbanization should boost the growth of the robotic vacuum cleaner market globally. The popularity of smart homes has created a widespread requirement for machines that can be programmed with an autonomous cleaning pattern. Vendors in the market are incorporating features such as automatic shutdowns during obstacle movement into robotics cleaners, apart from including memory modules and maps to minimize energy loss during operations,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The advent of stair-climbing robotic vacuum cleaners will impel growth in this market during the forecast period. Vendors, such as Casabella, are working on stair-climbing robotic vacuum cleaners that have the capability to generate power from the bacteria it collects while cleaning floors. Such machines are engineered to work constantly, without the need for a charging station. With the advent of such technologically advanced products, the market for robotic vacuum cleaners will have a positive outlook until 2020.
The key vendors in the global robotic vacuum cleaner market are iRobot, LG Electronics, Neato Robotics, and Samsung Electronics. The market is undergoing rapid changes in technology and customer requirements. Vendors are exploring segments, such as mobile robotic platforms, small robotic unarmed ground vehicles, and floor cleaning robots.
A more detailed analysis is available in the Technavio report, Global Robotic Vacuum Cleaner Market 2016-2020.
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