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The global robotic vacuum cleaner industry is being driven by rising digitalisation around the globe. The rapid adoption of digital technology and IoT solutions across industry verticals is significantly contributing to the growth of the market. In addition, the growing demand for cleaning solutions that are time-saving and cost-effective is expected to aid the market growth in the coming years. This can be attributed to the increasingly hectic lifestyle of the emerging working population. Moreover, the growing penetration of the e-commerce sector, especially in developing regions, is likely to increase the availability of robotic vacuum cleaners across online platforms.
The increased investments by key market players in the development of efficient robotic vacuum cleaners to meet the rising demand for self-driven cleaning solutions are likely to support the market growth in the forecast period. For instance, in September 2021, iRobot Corporation (NASDAQ: IRBT) announced the launch of its new Roomba® j7+ robot vacuum cleaner with added features powered by iRobot Genius™ 3.0 Home Intelligence. This robotic vacuum cleaner comes with iRobot’s most advanced intelligence solutions and personalisation. In addition, it can identify obstacles and avoid any potential hazards. Meanwhile, in May 2021, Xiaomi Corporation (OTCMKTS: XIACF) announced the launch of its new ultra-thin robot vacuum cleaner, MIJIA. This cleaner utilises the LiDAR technology to avoid obstacles and also features a ToF sensor and a front camera for visual navigation.
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The major players in the global robotic vacuum cleaner market are iRobot Corporation, Beijing Roborock Technology Co., Ltd., Ecovacs Robotics Co., Ltd., Anker Innovations Limited Technology Co., Ltd., Panasonic Corporation, and LG Electronics, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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