The worldwide number of domestic household robots will rise to 31 million between 2016 and 2019. The sales value of robots cleaning floors, mowing lawns, and cleaning swimming pools will grow to about 13 billion US dollars in this period.
iRobot used to be the only home robot vacuum option.
There is now the mi vacuum robot from Xiaomi (a major China smartphone company).
The Xiaomi Mi bot can be found online for only $279 which is comparable to the iRobot 980 ($800) and the Neato botvac D8500 ($600).
Online reviews are favorable to the Mi robot which can be controlled from s smartphone app.
Vacuum and floor cleaning robots will continue to make up the lion’s share of units at work in households. Sales will rise from 3.6 million units (2015) to around 30 million units within the 2016-2019 forecast period. Vacuum and floor cleaning robots account for 96 percent of domestic robot sales. Ro
In 2015, the total number of toy robots, remote-controlled multi-media robots and personal edutainment robots amounted to 1.7 million units. The IFR forecasts that this market will grow to 11 million units between 2016 and 2019. Toy and hobby robots account for 70 percent of the market share in the entertainment segment.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.