Household Robots Companies - iRobot Corporation (US) and Ecovacs Robotics Co., Ltd. (China) are the Key Players

 

Household Robots market size is valued at USD 10.3 billion in 2023 and is anticipated to be USD 24.5 billion by 2028, growing at a CAGR of 18.8% from 2023 to 2028. Factors such as ongoing increasing demand for the domestic segment are driving the growth of the market during the forecast period. Consumers seek convenience in their daily lives, and household robots offer solutions by automating tasks such as vacuuming, mopping, lawn mowing, and even pet care. These robots save time and effort for individuals with busy lifestyles.

Major Household Robots companies include:

·         iRobot Corporation (US),

·         Ecovacs Robotics Co., Ltd. (China),

·         Xiaomi Corporation (China),

·         Maytronics, Ltd (Israel),

·         Samsung Electronics Co.,

Key strategies adopted by the players in the Household Robots market ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.

IROBOT CORPORATION (US)

iRobot Corporation is a renowned American technology company that specializes in designing and manufacturing robots for consumer and military purposes. Established in 1990 by three MIT roboticists, iRobot has become a prominent player in the robotics industry. Their most notable consumer products fall into the household robotics category. iRobot Corporation's focus on consumer-friendly, practical robots for everyday tasks, coupled with its commitment to innovation and technological advancement, has solidified its position as one of the leaders in the household robotics market.

XIAOMI CORPORATION (China)

Xiaomi Corporation, a Chinese multinational electronics company, has expanded its portfolio to include various smart home products, and this includes venturing into household robots. While Xiaomi is more prominently known for its smartphones and other consumer electronics, they have introduced several household robots catering to different needs. The company's approach to household robots aligns with its strategy of offering affordable yet feature-rich smart home devices. The company's focus on creating an interconnected ecosystem of smart devices allows users to control and manage household robots alongside other smart home products, contributing to a more streamlined and convenient home experience.

ECOVACS ROBOTICS (China)

Ecovacs Robotics is a well-known Chinese company specializing in the development and manufacture of household robots. They have a diverse range of robotic products aimed at simplifying and enhancing various aspects of home cleaning and maintenance. Ecovacs is renowned for its line of DEEBOT robot vacuum cleaners. These robots are equipped with advanced cleaning technologies such as multiple cleaning modes, smart navigation systems, mapping capabilities, and strong suction power. They often incorporate features like voice control and smart home integration for user convenience.

 

SAMSUNG ELECTRONICS (South Korea)

Samsung Electronics, one of the global leaders in consumer electronics, has also ventured into the household robotics sector, offering a range of products aimed at enhancing home automation and convenience. While Samsung is renowned for its smartphones, TVs, and home appliances, it has expanded its portfolio to include robotic devices for the household. Samsung unveiled concepts for these robots, showcasing their vision for advanced AI-powered robots that can assist with various household tasks. Bot Care is designed to act as a personal assistant, providing health monitoring, reminders, and even companionship. Bot Handy, on the other hand, is envisioned as a robot capable of performing household chores such as picking up objects, loading the dishwasher, and more.