Report ID: SQMIG25E2123
Report ID:
SQMIG25E2123 |
Region:
Global |
Published Date: November, 2024
Pages:
223
|
Tables:
89 |
Figures:
73
The fierce competition among major companies in the ever-changing global consumer robotics market propels ongoing innovation and calculated moves. To obtain a competitive advantage, businesses are utilizing a variety of market-specific tactics to navigate this environment.
One of the main strategies is product differentiation, when corporations concentrate on creating distinctive features and functionalities that distinguish their products from those of their rivals. Differentiation—whether it is through cutting-edge AI integration, improved sensory capabilities, or user-friendly interfaces—is essential to drawing in discerning customers looking for advantages from their robotic companions.
Furthermore, substantial funds are still allocated to research and development projects, demonstrating the continued importance of technical innovation. Cutting-edge technology like computer vision, machine learning, and artificial intelligence is constantly being used to improve the functionality and performance of consumer robots, increasing their market appeal and possible uses.
A Japanese electronics and photographic company with a global presence is Ricoh Company, Ltd. On February 6, 1936, the Riken Concern, a now-defunct commercial division of the Institute of Physical and Chemical Research (Riken), established Riken Sensitized Paper. Ricoh manufactures electronic devices, primarily cameras, as well as office equipment like printers, photocopiers, and fax machines. It also provides Software as a Service (SaaS) document management services such as Document Mall, Ricoh Docs, Global Scan, Print Share, Make Leaps, and projectors. From the late 1990s through the early 2000s, the company evolved to become the world's largest copier maker.
Consumer robots are produced by the American technology company iRobot Corporation. Three researchers from MIT's Artificial Intelligence Lab who were working on military defensive robotics and space exploration founded it in 1990. The firm sells a range of self-driving floor sweepers (Braava), hoover cleaners (Roomba), and other cleaning tools. In January 2022, iRobot, the maker of the most popular vacuum robot Roomba, stated that it is working on the newest version of the disc-shaped domestic aide, which may include arms to conduct jobs such as dishwashing, food serving, and laundry.
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Report ID: SQMIG25E2123