The consumer robot market, which was hit during the early stages of the pandemic, has grown markedly in 2020 as consumers spend more time at home and readily spend money on household problems.
This is the conclusion reached by the specialists of the consulting company ABI Research. They estimate that the consumer robotics market has reached $ 10.4 billion in 2020. This is $ 448 million, or 4.3% more than expected before the pandemic.
Interest in consumer robots has been linked to an added focus on cleanliness and health, as well as social isolation.
“2020 has summed up two key trends that have driven the adoption of home robotics. First, consumers were more interested in cleaning robots, and their interest coincided with the solution of many problems by manufacturers that previously limited the attractiveness of such robots. Second, the product line has expanded, increasing efficiency and making better features available at a lower cost, ”said Jonathan Collins, director of smart home research at ABI Research.
“Advanced functionality such as built-in cameras, as well as health-conscious features such as HEPA filters and UV sterilization lamps all contribute to the appeal,” Collins said.
However, the biggest impact of 2020 on consumer robots, analysts say, could be in raising awareness about personal and social robots, and recognizing their important role. This is due to the isolation and restrictions placed on many demographic groups around the world. The effect of these changes will manifest itself in the coming years.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
