A 5-Year Forecast for Robotic Vacuum Cleaners

According to research conducted by Technavio, the robotic vacuum cleaner market is expected to grow by $6.33 billion between 2023 and 2028 at a compound annual growth rate (CAGR) of 16.53 percent during the forecast period. The inclusion of air filters in robotic vacuum cleaners is a key factor driving market growth.

Pollution has several effects, both on the outdoors as well as in the indoor environment. As a result, appropriate solutions to purify indoor air and make the environment healthy and clean have been developed by market players in robotic vacuum cleaners. HEPA filters with high efficiency that absorb minute particulates and provide clean air are also incorporated in robotic vacuum cleaners.

Key Drivers: The market is expected to witness a rise due to the incorporation of air filters. Integrating advanced features like lidar sensors and HEPA Filtration enhances cleaning efficacy. This trend impacts floor cleaning robots with functionalities such as edge cleaning, virtual walls, and scheduled cleaning options. 

Major Trends:  The market witnesses a trend with the emergence of low-cost robotic vacuum cleaners. IoT-enabled Vacuum Cleaners utilize navigation algorithms and mapping for precision. They also feature automated cleaning devices with obstacle avoidance, voice command integration, and noise reduction technology. 

Significant Challenges: Challenges include battery life, and enhancing battery technology and implementing wireless charging solutions could mitigate this issue. Remote control apps and user-friendly interfaces offer user convenience, but require efficient power management. Market competition drives the need for longer-lasting batteries. Additionally, ensuring accessible maintenance and repair services helps address concerns while managing price points.

Additional insights can be found here.