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Robotic vacuum cleaners are equipped with laser or infrared sensors that provide better cleaning and saves time. The residential robotic vacuum cleaner comes equipped with cleaning equipment, smart navigation, laser vision, and room memory. Technavio’s market research analyst estimates the residential robotic vacuum cleaner market to witness a steady growth at a growth rate of around 33% during the forecast period.
The reduction in the amount of time consumed carrying out household cleaning activities in South Korea is the key driver for the growth of this market. Also, the increased functional flexibility provided by these robotic vacuum cleaners such as sensor based movement, scheduled cleaning and automatic movement to charger docking station have also contributed to the growth of the market in South Korea.
The market research report predicts that by 2019, nearly 611,847 units of robotic vacuum cleaner units would populate the market. The growth of the market is primarily due to the high disposable income of families in South Korea. LG is the market leader in this region and offers high-tech products such as the RoboKing Dual robots, which are equipped with cameras, Wi-Fi networked and can be controlled through any online interface such as a smartphone or tablet.
The robotics market is highly competitive with a large number of international and local vendors. While the international vendors provide better design and highly functional products, the local vendors offer cost-effective options.
The top four vendors in the market are –
Other vendors in the market include ECOVACS, Electrolux, Hanool Robotics, Mamirobot, Maytronics, Moneual, and Neato Robotics.
In the recent years, vendors have started introducing robotic vacuum cleaners controlled by smartphones. For instance, Sharp introduced the Cocorobo robotic vacuum cleaner, which gives out an audio response to command and the controller application can be installed on various smartphone platforms. This application can be used to control the cleaner and view images from the robotic vacuum cleaner taken with an integrated camera. The residential robotic vacuum cleaner market in South Korea is predicted to witness increased innovation during the forecast period.
This report provides some of the trends of the robotic vacuum cleaner market. It also offers an analysis of each trend and an estimation of the extent to which these trends are likely to impact the overall market growth.
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast by unit shipment
Market size and forecast by revenue
Market size and forecast by average selling price (ASP)
Five forces analysis
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
Competitive scenario
Market share analysis 2014
Other prominent vendors
PART 12: Key vendor analysis
iROBOT
Business segmentation by revenue 2013 and 2014
LG Electronics
Samsung
Yujin Robot
PART 13: Appendix
List of abbreviations
PART 14: Explore Technavio
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