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Korea Robot Cleaner Market Overview
The Korea Robot Cleaner Market size is forecasted to reach $902.2 million by 2026, growing at a CAGR of 12.2% from 2021 to 2026. The demand for Robot cleaners is expanding among various sectors such as commercial and industrial to deliver quick mopping and sweeping and is set to be the major driver for the growth of the Korea Robot Cleaner Market over the forecast period 2021-2026. Additionally, the adoption of UV Robot Cleaner increased among hospital and medical centers during the pandemic situation to disinfect surfaces quickly as well as reduce human contact which accelerate the market growth scope for Robot Cleaner companies with improved robotic mapping. Moreover, integration of advanced technology such as AI, wireless sensor network and Internet of Things (IoT) in Robots aid in quick identification of dirty places and this is the factor that accelerates the growth of the market. Such factors are analyzed to drive the market during the forecast period 2021-2026. In particular floor cleaning robots, duct cleaning robots with integrated ultrasonic sensors will drive market growth.
Report Coverage
The report based on: “Korea Robot Cleaner Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following
segments of the Korea Robot Cleaner Market industry outlook.
Key Takeaways
- Floor Cleaning Robots are anticipated to grow with a CAGR of around 9.5% in the Korea Robot Cleaner Market during the forecast period 2021-2026, owing to adoption in residential applications.
- Commercial segment is analyzed to
witness the fastest growth in the Korea Robot Cleaner market during 2021-2026,
owing to shrinking workforce.
Global Korea Robot Cleaner Market Value Share, By Applications, 2020 (%)
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Korea Robot Cleaner Market Segment Analysis- By Product Type
Floor-cleaning robot held the highest share of 32.2% in the Korea Robot
Cleaner market in 2020. The adoption of floor robot cleaners increases in
residential and public places such as airports, malls, theatres, IT companies
to perform functions such as floor mopping as well as floor sweeping. Smart Floor
Robot Cleaners are equipped with laser scanners, cameras, ultrasonic sensors,
gyroscopes as well as infrared detectors to identify the dirt. Smart floor
Robot Cleaners are equipped with AI technology that provides them to navigate
between building floors.
Korea Robot Cleaner Market Segment Analysis-By Applications
Based on applications segmentation, Commercial sector held the highest Korea Robot Cleaner Market share of around 39.7% in 2020. Robot Cleaners are considered to be the future of commercial cleaning industry owing to adoption of cleaning automation. There is an increase in demand for Robot cleaners among commercial places such as airports, hospitals, shopping malls and corporate companies due to the outbreak of Covid19. The factors such as increasing building floor plan size and shrinking workforce have contributed to the growth of the market. For instance, Corporate Korea, a mobile operator company in the country is using a robot to avoid human contact as well as maintain sanitation in the building. Such developments influence the growth of the market.
Korea Robot Cleaner Market Drivers
Increasing demand for robot cleaner in hospitals
Growing demand
for robot cleaner in hospitals is set to be one of the major factors analyzed
to drive the market forward during the forecast period 2021-2026. The demand
for robot cleaners increases to control the
spread of corona virus infection. Robot
Cleaners are used to reduce person-to-person contact and also ensures proper
cleaning and sanitization in hospitals. Apart from cleaning task, Robot
Cleaners are also utilized for measuring fever as well as control visitor
access. In August 2020, Seoul National University Hospital launched LGCLOi
CleanBot and LG CLOi GuideBot robots to clean hospital premises, measure fever
as well as control people access. LGCLOi CleanBot can also be used to clean
hospital halls equipped with technology to escape obstacles and navigate
freely. Such developments can influence the
market growth of Robot Cleaner in Korea in
the long run.
Technological advancement like development of Smart-AI Robot Cleaner is set to be one of the factors that can drive the market forward
Development of smart AI Robot Cleaner is set to be one of the factors
that can drive the market forward during the forecast period 2021-2026. Smart
AI Robot Cleaners are small as well as compact and capable of cleaning entire
house at once. Smart robot cleaners have two charging modes for better
experience as well as have 2 in 1 smart cleaning feature. Smart AI Robot
cleaners use advanced navigation technology to offer uninterrupted and deeper
cleaning service. They can also be connected to APP for remote control so that
they can clean the home when people are not at home. Smart-AI Robot Cleaners
are equipped with intelligent sensors to provide accuracy in cleaning. Such
benefits will increase the demand for Smart AI Robot Cleaners. In June 2021,
Samsung Electronics announced the launch of its new robot
vacuum cleaner, Jet Bot AI+ worldwide. Jet Bot AI+ is the world’s first robot
vacuum cleaner equipped with an active stereo-type 3D sensor as well as Intel
AI solution, which gives Object Recognition technology. The smart feature allows
Robot Cleaner to navigate with better accuracy by identifying
not only the items on the floor but also appliances and furniture. Such developments can influence the
growth of Robot Cleaners in Korea.
Korea Robot Cleaner Market Challenges
High cost of Robot Cleaners
High cost of Robot
Cleaner acts as a major challenge restraining the market growth of Korea Robot
Cleaner Market. The cost of robot cleaner is quite expensive compared to the
traditional vacuum cleaner. Moreover, robot cleaners are
inefficient in cleaning as they can’t reach the corners of home
where most of the dust is gathered. Furthermore, Robot cleaners have short battery life, noisy
and need to be emptied every 2 days. Owing to the above mentioned factors, use
of robotic cleaners will be significantly impacted, thus hampering its market
growth.
Korea Robot Cleaner Industry Outlook
Partnership, Acquisitions, Collaboration, technology launches
and R&D activities are key strategies adopted by players in the Korea Robot Cleaner Market. The Korea Robot Cleaner Market top 10 companies include iRobot, LG Corporation, Samsung Group, Yujin Robot,
ECOVACS, Electroflux, Hanool Robotics, Maytronics, Moneul and Neato Robotics.
Acquisitions/Technology Launches
- In June 2020, LG Electronics Inc. (LG) partnered with Miele & Cie. KG (Miele). The partnership is based on long-term patent license agreement covering robot vacuum cleaner technologies. According to the terms of the agreement that Miele will be allowed to produce and sell robot vacuum cleaners using patented technologies developed by LG R&D.
- In July 2020,
SoftBank Robotics Korea Co Ltd, has been established as a subsidiary of
SoftBank Robotics Group to provide Whiz- an AI enabled vaccum cleaning robot
which will be available on subscription basis in South Korea.
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