Connect with us

Technology

Residential Robotic Vacuum Cleaner Market to Reach $9.6 Billion, Globally, by 2033 at 13.9% CAGR: Allied Market Research

Published

on

The increase in popularity of technologies for smart homes, as well as improvements in AI and machine learning, which improve the effectiveness and ease of use of these devices, drive the growth of residential robotic vacuum cleaner market.

WILMINGTON, Del., Aug. 14, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Residential Robotic Vacuum Cleaner Market by Type (Floor vacuum cleaner and Pool vacuum cleaner), by Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the residential robotic vacuum cleaner market was valued at $2.6 billion in 2023, and is estimated to reach $9.6 billion by 2033, growing at a CAGR of 13.9% from 2024 to 2033.

Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/A06509 

Prime determinants of growth 

The global residential robotic vacuum cleaner market has experienced growth due to several factors such as increase in adoption of smart home technologies, advancements in AI & machine learning, and heightened awareness of hygiene. However, high initial cost and data privacy concerns hinder market growth. Moreover, an increase in technological innovations, sustainability trends, and product diversification offers remunerative opportunities for the expansion of the global residential robotic vacuum cleaner market. 

Report coverage & details:

Report Coverage

Details   

Forecast Period

2024–2033                      

Base Year

2023

Market Size in 2023

$2.6 billion                      

Market Size in 2033           

$9.6 billion

CAGR   

13.9 %

No. of Pages in Report

200

Segments Covered

Type, Distribution Channel, and Region.                       

Drivers  

 Increase in Adoption of Smart Home Technologies Advancements in AI and Machine Learning Heightened Awareness of Hygiene

Opportunities

 Product Diversification Technological Innovations

Restraints

 High Initial Cost Battery Life Constraints Durability and Reliability Issues

Segment Highlights

The floor vacuum cleaner segment is expected to grow faster throughout the forecast period.

By type, the floor vacuum cleaner segment held the highest market share in 2023, accounting for more than half of the global residential robotic vacuum cleaner market revenue and is likely to retain its dominance throughout the forecast period. The increasing consumer demand for efficient and convenient cleaning solutions driven by busy lifestyles and a heightened focus on hygiene is increasing the demand for floor vacuum cleaners. Technological advancements, such as the integration of AI for improved navigation and suction power, have significantly enhanced product performance and appeal of the product.

The offline segment is expected to grow faster throughout the forecast period.

By distribution channel, the offline segment held the highest market share in 2023, accounting for nearly four-fifths of the global residential robotic vacuum cleaner market revenue and is likely to retain its dominance throughout the forecast period. One of the primary factors influencing the offline segment’s development is consumers’ continuous preference for in-store shopping experiences in which they can physically engage with and inspect things before purchasing. Retail shops and showrooms offer personalized customer attention and higher availability of goods, increasing buyer confidence and satisfaction.

Procure Complete Report (200 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/74880b67b88b1ab5cd6a99a001bc6ff7 

Regional Outlook

North America to maintain its dominance by 2033.

By region, North America held the highest market share in terms of revenue in 2023, accounting for nearly one-third of the global residential robotic vacuum cleaner market revenue and is expected to boost in terms of revenue throughout the forecast period. North America has significant consumer disposable income, which makes it possible for the adoption of modern home automation technology. The region’s robust technology infrastructure fosters advance in artificial intelligence and smart home ecosystems, enabling residential robotic vacuum cleaners to become increasingly appealing and accessible. Furthermore, greater awareness of hygiene and cleanliness, notably in the aftermath of the COVID-19 pandemic, has driven up consumer interest in automated cleaning solutions.

Key Market Players: –

Ecovacs Robotic Co. LtdRoborock Technologies Co. LtdLG Electronics, InciRobot CorporationCecotec Innovaciones SLNeato Robotics Inc.Electrolux ABSharkNinja Operating LLCPanasonic CorporationHaier Group Corporation

The report provides a detailed analysis of these key players in the global residential robotic vacuum cleaner market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario. 

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A06509 

Recent Industry Developments

In October 2022, Ecovacs introduced the DEEBOT N8 2-in-1, including greater suction capacity and innovative dToF technology that provides improved cleaning effectiveness and extremely powerful suction (3000 Pa) . It covers more than 2000 square feet on a single charge and has innovative dToF technology with OZMO mopping. It uses Next-Gen laser guiding technology to scan, map, and calculate an effective cleaning path.In August 2022, Amazon announced an agreement to purchase iRobot, the creator of Roomba robot vacuum cleaners, for $1.7 billion. iRobot, most recognized for its popular robotic vacuum Roomba, has subsequently expanded the range of its goods to include additional household cleaning robots like mops and lawnmowers.In May 2022, Haier revealed its first smart vacuum cleaner technology in India, the 2-in-1 drying & wet mop Robot Vacuum Cleaner. The vacuum cleaner has 2.4 GHz Wi-Fi and Google Home Assistant, as well as smart management capabilities including the Haier smart app, voice command, and remote control.

Related Reports:

Residential Washing Machine Market https://www.alliedmarketresearch.com/residential-washing-machine-market 

Household Cleaners Market https://www.alliedmarketresearch.com/household-cleaners-market-A06808 

Small Domestic Appliances Market https://www.alliedmarketresearch.com/small-domestic-appliances-market-A14266 

Laundry Dryer Market https://www.alliedmarketresearch.com/laundry-dryer-market-A13735 

Robotic Lawn Mower Market https://www.alliedmarketresearch.com/robotic-lawn-mower-market 

Portable Mini Fridge Market https://www.alliedmarketresearch.com/portable-mini-fridge-market 

Instant Water Heater Market https://www.alliedmarketresearch.com/instant-water-heater-market-A06809 

Dishwasher Market https://www.alliedmarketresearch.com/dishwasher-market-A13877 

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/residential-robotic-vacuum-cleaner-market-to-reach-9-6-billion-globally-by-2033-at-13-9-cagr-allied-market-research-302222150.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

HYPERGROWTH CX SOFTWARE PROVIDER ANNOUNCES NEW HIRES TO FUEL UK GROWTH AND US EXPANSION

Published

on

By

CloudInteract announces new senior hires to support UK growth and US expansion, as it sets sights on supporting an industry predicted to grow to over USD 22 billion by 2030

LONDON, Sept. 24, 2024 /PRNewswire/ — CloudInteract, a rapidly growing, UK-based provider of customer experience (CX) platforms, announces new senior hires to support its UK growth plans and expansion into the US market.

Founded by customer workplace communications experts, Nick Seagrave and Simon Leyland, CloudInteract launched in 2023, providing customers, including education provider, Pearson, life sciences enterprises, and online consumer services providers, such as Swoop with innovative CX software, as well as supporting industry partners, including Amazon Web Services.

Through the delivery of AI-driven platforms and omnichannel systems, CloudInteract empowers companies to scale and continuously adapt to their evolving customer service needs.

Simon Leyland, CEO and co-founder of CloudInteract, explains, “CloudInteract was born out of Nick’s and my mission to reimagine customer experience, by making contact centre interactions better for both customers and users alike. We understand that in a world full of technology providers, the difference lies in how technology transforms real-world experiences.”

To support its UK growth plans and expansion of its US presence, CloudInteract has onboarded new talent to its 50% female senior leadership team. The company recently welcomed Marketing Director, Louise Mahrra, Head of Business, North America, Nancy Van Delist and UK Head of Business Development, Julian Degg.

They will work alongside Change Director, Eliza Taylor and co-founders, Chief Technology Officer, Nick Seagrave and CEO Simon Leyland.

“As CloudInteract expands its operations and brings in new talent to support strategic growth in an industry predicted to mature to over USD 22 billion by 2030, we are firmly fixated on helping businesses unlock the full potential of their customer experience platforms by turning every interaction into a competitive advantage.”

“By doubling down on our investment in people, partnerships, and platforms, we’re positioning CloudInteract as the go-to partner for businesses that want to unlock the power of AI, data, and communication to transform their customer interactions,” concluded Simon.

About CloudInteract: https://www.cloudinteract.io/ 

CloudInteract builds customer experience platforms to unlock the potential of data to improve customer interactions. Our solutions leverage AI, automation, and integration to create smarter, seamless customer experiences that are built to last.

Logo: https://mma.prnewswire.com/media/2512678/CloudInteract_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/hypergrowth-cx-software-provider-announces-new-hires-to-fuel-uk-growth-and-us-expansion-302255608.html

Continue Reading

Technology

Tata Elxsi Delivers World’s First RDK-B Integration on Qualcomm 5G Fixed Wireless Access Platform

Published

on

By

SAN DIEGO and BENGALURU, India, Sept. 24, 2024 /PRNewswire/ — Tata Elxsi, a global leader in design and technology services, today announced the successful integration of the RDK-B software stack with the Qualcomm® 5G FWA Gen 3 Platform. This first-of-its-kind integration opens a new pathway for operators to deliver fast, reliable, and scalable high-speed FWA solutions. Integration of the RDK-B middleware includes key features, such as Wi-Fi 6 connectivity, packet statistics, and advanced security options, ensuring the platform is versatile and can be deployed in both indoor and outdoor environments. Operators can now deliver value-added services, like Quality of Service (QoS), band steering, parental control, and VPN, enhancing the overall broadband experience. 

Gautam Sheoran – VP and GM, Wireless Broadband and Communications at Qualcomm Technologies, Inc., stated: 

“We are proud to collaborate closely with Tata Elxsi, who has leveraged their considerable expertise to port the RDK-B stack to our 5G FWA Gen 3 Platform, featuring the Snapdragon® X75 Modem-RF System. This critical step empowers operators to accelerate time-to-market, deliver high performance FWA solutions, and reduce development efforts, as they deploy powerful new FWA CPE solutions. We look forward, through continued collaboration with Tata Elxsi, to expanding our engagement with the broader RDK community, giving operators more choices and flexibility in deploying state-of-the-art solutions.”

Priya S Kumar – Head, Media and Communications at Tata Elxsi, stated:

“This integration broadens the RDK ecosystem and silicon diversity, which has traditionally centered on wired technologies like DOCSIS and Fiber-to-the-Home (FTTH). By incorporating RDK-B into the cellular-managed WAN space, Tata Elxsi is excited to collaborate in positioning the Snapdragon X75 platform as a future-ready solution for high-performance broadband applications. Tata Elxsi’s continuous commitment to the RDK ecosystem enables SoCs, OEMs and operators to rapidly innovate and scale, addressing the demands of next-generation broadband technologies.”

Looking ahead, Tata Elxsi will upgrade the platform to include next-generation features such as Wi-Fi 7. This upgrade will further enhance FWA devices, offering operators more flexible, scalable, and cost-effective solutions, setting the stage for the next generation of wireless innovation. 

About Tata Elxsi

Tata Elxsi is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare and Transportation.

We are helping customers reimagine their products and services through design thinking and applying digital technologies, such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence. For more information, visit www.tataelxsi.com

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon is a trademark or registered trademark of Qualcomm Incorporated.

Logo: https://mma.prnewswire.com/media/742257/4913784/Tata_Elxsi_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/tata-elxsi-delivers-worlds-first-rdk-b-integration-on-qualcomm-5g-fixed-wireless-access-platform-302256787.html

Continue Reading

Technology

Huawei Calls to Expand Partnerships to Drive Global Digital Inclusion through TECH4ALL

Published

on

By

SHANGHAI, Sept. 24, 2024 /PRNewswire/ — At the TECH4ALL Digital Inclusion Forum hosted at Huawei Connect 2024, Huawei called for more partners to join its TECH4LL initiative to drive global digital inclusion.

Launched in 2019 and aligned with the UN SDGs, TECH4ALL is Huawei’s long-term action plan for enabling an inclusive and sustainable digital world, focusing on the education, environment, health, and development domains.

At the forum, attendees explored TECH4ALL inclusion projects and digital inclusion advances in China outlined in the 2024 China Digital Inclusion Report produced by China Academy of Information and Communications Technology (CAICT).

“Promoting digital inclusion can not only effectively deal with problems that may exist in the development and application of digital technology, but also improve the realization of our overall goals,” said Xin Yongfei, Director of the CAICT Institute for Policy and Economics.

Discussions focused on how technology can help bring down barriers to information accessibility, equal opportunities, and a high quality of life. A key theme at the forum concerned the importance of cross-sector partnerships in maximizing the efficacy of inclusion projects such as those Huawei’s runs under TECH4ALL.

“Huawei is a committed to supporting China’s digital inclusion strategy,” said Jeffrey Zhou, President of ICT Marketing at Huawei. “We work with governments, enterprises, scientific research institutions, universities, and NGOs to implement projects that provide a useful reference for the world to seize the opportunities of digital transformation and share the inclusive benefits of digitalization.”    

Partners from both the deaf and vision-impaired communities looked at the role of technology in enabling digital inclusion. Huawei shared how it considers the needs of people with disabilities, the elderly, and children from the beginning of product design. As well as Bluetooth connectivity for hearing aids, Huawei smartphones, provide 15 accessibility features that are used by around 10 million people each month. These include technologies that can identify and send alerts for job recommendations tailored for people with disabilities.

“As a visually impaired device user and Huawei partner, I think it’s crucial to share the message that technology can give everyone an equal opportunity to participate in society, use public resources, and help eliminate the digital divide,” said Yin Nan, Chairman of Tianjin Hongqiao District Blind Association.

With partners the China Association of the Deaf and E-Times Digital Technology, Huawei TECH4ALL has also developed the Trouble-Free Hearing app. Based on Huawei Cloud AI, the app provides speech-to-text and text-to-speech translation and a real-time online sign language hub for use in potentially complex situations such as healthcare, legal consultations, and at service windows.

The forum also explored education inclusion through the TECH4ALL China DigiSchool project, which aims to provide online resources and teacher training for the delivery of STEAM curriculum. To date, 4,800 teachers and students have benefited in 29 schools.

Huawei also runs a range of education and training initiatives across the globe, including the Open School project with UNESCO, Instant Schools Network with Vodafone Foundation, and Skills and Wheels projects with global and local partners. Skills on Wheels, for example, brings free digital skills training to remote communities via truck-mounted mobile classrooms, reaching 93,000 people in 18 countries so far.

TECH4ALL education projects have reached more than 400,000 people across the globe, with technology and partnerships the key to success of each project.

About Huawei TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative. Enabled by innovative technologies and partnerships, TECH4ALL aims to promote inclusion and sustainability in the digital world.

For more information, visit the Huawei TECH4ALL website: https://www.huawei.com/en/tech4all 

Follow us on X:
https://twitter.com/HUAWEI_TECH4ALL 

View original content to download multimedia:https://www.prnewswire.com/news-releases/huawei-calls-to-expand-partnerships-to-drive-global-digital-inclusion-through-tech4all-302256791.html

SOURCE Huawei

Continue Reading

Trending