Pandemic Lockdowns Boost Consumer Robotics Market to US$10 Billion in 2020 Revenues
Via ABI Research Media Releases
Feb 11, 2021
Oyster Bay, New York - 09 Feb 2021
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.
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