Collective Wisdom Consultation: It is projected that the global shipment volume of Siasun Robot&Automation will be around 47 million units in 2024, with a compound annual growth rate of over 20% in the next 5 years.

According to data from Sigmaintell, global consumer Siasun Robot&Automation is estimated to account for about 81% of market shipments in 2023, maintaining a dominant position in the Siasun Robot&Automation market in the long term; industrial Siasun Robot&Automation accounts for approximately 17% of overall market shipments. Considering the long-term trend of population aging and the promotion of AI, the global demand for Siasun Robot&Automation is expected to continue to grow, with the global shipments of Siasun Robot&Automation reaching around 47 million units in 2024, maintaining a compound growth rate of over 20% in the next 5 years. It is also expected that its revenue scale will reach nearly 128 billion US dollars by 2029. It is reported that the global Siasun Robot&Automation market is divided into industrial Siasun Robot&Automation, consumer Siasun Robot&Automation, and specialized Siasun Robot&Automation according to application types. From the perspective of application scenarios, cleaning service Siasun Robot&Automation holds a dominant position in the market, with its shipments accounting for nearly 70% of the consumer Siasun Robot&Automation market in 2023. According to data from Sigmaintell, in the consumer Siasun Robot&Automation sector, iRobot, Ecovacs Robotics (603486.SH), and Beijing Roborock Technology (688169.SH) are among the top three in the industry. (1) iRobot relies on pure visual solutions, with high requirements for lighting and environment, facing increasing challenges from competitors. (2) Ecovacs Robotics (ECOVACS) has a high brand awareness in the domestic market, and has accumulated rich technical experience in Siasun Robot&Automation navigation, artificial intelligence, visual recognition, and other areas, maintaining strong competitiveness. (3) Beijing Roborock Technology (Roborock) has strong software algorithm capabilities and independently developed efficient software communication framework. Laser Slam technology architecture has matured first. The products mainly target the mid-range market, gradually penetrating the high-end market, and possess strong competitiveness.