Pandemic Lockdowns Boost Consumer Robotics Market to US$10 Billion in 2020 Revenues
Consumers shifting focus and spending from outside to inside the home
NEW YORK, Feb. 9, 2021 /PRNewswire/ -- The consumer robotic market pushed through the pandemic's disruption to deliver continued growth in 2020 as consumers spent more time at home and invested in robotic offerings that made life simpler. Global tech market advisory firm ABI Research finds the consumer robotics market generated US$10.4 billion in revenues in 2020, up US$448 million, or 4.3%, on pre-pandemic expectations.
Despite an initial negative impact on production and shipments at the onset of the pandemic, robot homecare vendors, including iRobot and Ecovacs, among others, saw strong third and fourth quarters greatly reduced the effect. The pandemic saw a shift in consumer focus and spending from outside to inside the home, which supported a growing emphasis on in-home spending. The additional focus on cleaning and health within the home, as well as social isolation for many, similarly brought greater interest, appeal, and spending in many segments of consumer robotics.
"In 2020, two key trends converged to drive homecare robotics adoption. First, consumers were more interested in robotic cleaners, but their interest came as vendor offerings solved many issues with limited consumer appeal. Second, product lines expanded to bring capabilities at lower price points, with improved operational efficiency and cleaning abilities," says Jonathan Collins, Smart Home Research Director at ABI Research. "Extended functionality such as on-board cameras as well as features targeting consumer wellness concerns, including HEPA filters and UV sterilization lamps, all furthered appeal," Collins adds.
However, the greatest impact of 2020 on consumer robots will likely be the greater awareness and acceptance of a valuable role for Personal/Social robots. This is driven by the isolation and restrictions placed on many demographics worldwide, but particularly in the core consumer markets – the elderly and children. "We social robot players from Softbank to SARA Robotics push trials and new engagements that helped boost the markets potential significantly during 2020. We will see the impact of that throughout the years ahead," Collins concludes.
These findings are from ABI Research's Consumer Robotics market data report. This report is part of the company's Smart Home research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
Logo - https://mma.prnewswire.com/media/276887/abi_research_logo.jpg
Related Links
SOURCE ABI Research
Share this article