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The global robotic vacuum cleaner market size is anticipated to exhibit tremendous growth by reaching USD 50.65 billion by 2028. Fortune Business InsightsTM in its report titled “Robotic Vacuum Cleaner Market Size, Share & COVID-19 Impact Analysis, By Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), By Application (Household and Commercial), By Operation Mode (Self-Drive & Remote Control), By Distribution Channel (Online & Offline), By Price (Below USD 150, USD 150 – 300, USD 300 – 500, Above USD 500) and Regional Forecast, 2021-2028”, observes that the market size stood at USD 9.77 billion in 2020 and is expected to exhibit a CAGR of 27.2% between 2021 and 2028. The market is anticipated to reach USD 11.97 billion in 2021. The growing demand for automated products in residential sectors due to the rising inclination towards smart home technologies is likely to fuel the market growth.
Ecovacs’ New AI-driven Floor Cleaning Robot Vacuum Cleaner to Incite Development
In March 2020, Ecovas launched a new Artificial Intelligence-based floor cleaning robotic vacuum cleaner. The product satisfies the mopping, floor cleaning, and home monitoring requirements. It incorporates laser-based home mapping, remote monitoring, and object identification and avoidance functionalities. The new smart vacuum cleaner sets a new standard for efficient home cleaning with improved precision, intelligence, and speed.
Rising Adoption of Smart and Innovative Systems to Boost Market Growth
Residential robotic vacuum cleaners are generally used for UV sterilization, mopping, and security cameras for safety from fire or intruders. Major manufacturers are launching products incorporated with voice recognition abilities to interpret voice commands. The rising adoption of smart and innovative automated systems is projected to prevail as a key trend fostering the global robotic vacuum cleaner market growth. Additionally, the growing adoption of automated products is anticipated to bolster market growth in the coming years. The rising inclination towards smart home technologies is likely to fuel market growth.
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Key Players New Products to Capture Growth
The market is fairly fragmented and comprises several key players operating internationally and domestically. Amongst the top market players, Ecovacs and iRobot Corporation holds a substantial revenue share in the market. The key players emphasize extensive research and development activities to manufacture technologically advanced products. For instance, Ecovacs launched a new floor and wall robotic vacuum cleaner, DEEBOT Ozmo 920, in December 2019.
List of Key Players in the Global Market:
Further Report Findings-
Table of Segmentation
2017 – 2028
2021 – 2028
2017 – 2019
Value (USD billion)
Type, Application, Operation Mode, Distribution Channel, Price and Region
By Operation Mode
By Distribution Channel