The major companies for household robots
operating in the marketspace are iRobot (US), Samsung (South Korea), Neato
Robotics (US), LG (South Korea), and Ecovacs (China). The key strategies
adopted by the main players in the industry are product launches, partnerships
& collaborations, and expansions.
Why there is
increasing need of robots for household applications? Which type of robot is
expected to drive the growth of the market in the next 5 years?
Household robots in recent years have
witnessed a huge leap in practicality and convenience in terms of autonomous
operation. The usability of household robots, coupled with demand for products
to automate household chores like cleaning and mowing, is the major driving
factor for this market. Lawn mowing robots are expected to have fastest growth
during the forecast period as it is expected that traditional lawn mowers will
be replaced by robotic lawn mowers.
Which region
is expected to witness significant demand for various household robots in the coming years?
APAC is expected to witness significant demand
for household robots in the coming years. This demand will primarily be driven
by countries such as China and South Korea. Regional manufacturers of household
robots in China and South Korea coupled with the growing popularity of various
household robots in the region is contributing to the high growth in APAC.
Which are
the major household applications adopting robots?
The market for vacuumming applications
outweighs other household applications by a significant margin. Robotic vacuum
cleaners can be deployed in all households, regardless of the floor type. The
popularity of floor cleaning robots, especially robot vacuums in the domestic
sector has helped this market grow rapidly. The market for lawn mowers and pool
cleaners is limited compared to the market for robotic vacuum cleaners, as many
households do not have private lawns or pools.
What are the
opportunities for the current players and new entrants in the market to widen
their revenue streams?
With the rapid increase in the number of the
ageing population worldwide, service robots for household use is expected to
create a significant market opportunity in the next 5-10 years. With robotic
lawn mowers projected to have the fastest growth, many of the existing market
players who manufacture robotic vacuums can leverage their navigation
technology know-how to also develop lawn mowing robots
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