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Pandemic lockdowns boost consumer robotics market to $10 billion in 2020 revenues

February 16, 2021 by David Edwards Leave a Comment

Lockdowns around the world caused by the coronavirus pandemic have provided a boost to the consumer robotics market, according to ABI Research.

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 $10.4 billion in revenues in 2020, up $448 million, or 4.3 percent, on pre-pandemic expectations. [Read more…] about Pandemic lockdowns boost consumer robotics market to $10 billion in 2020 revenues

Filed Under: Features, Health Tagged With: abi, appeal, boost, consumer, growth, impact, market, pandemic, robotic, robotics, spending

Why Do Some Businesses Fail in Today’s Market?

November 19, 2020 by Polly Leave a Comment

If you ask just about anyone on the street corner, they could tell you a few reasons why businesses fail. Usually, someone would say that a business fails because they run out of money. While this is very true, there are many more problems than that.

I have come up with a few reasons why some businesses are failing, and how they can get back on track. It is one thing to know why a business is failing, but it is a totally different animal to actually come up with a plan to succeed. [Read more…] about Why Do Some Businesses Fail in Today’s Market?

Filed Under: Features, Promoted Tagged With: appeal, base, business, businesses, company, conquered, customer, customers, dominate, effective, exactly, fail, failing, going, good, Legacy system migration, market, reason, reasons, system, systems, target, target customers, technology and systems, time

Robotic toymaker Anki to close down

April 30, 2019 by Sam Francis

anki overdrive supertrucks

Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…] about Robotic toymaker Anki to close down

Filed Under: News Tagged With: ago, anki, appeal, automation, boris, cars, ceo, choose, close, co-founder, coming, company, console, control, couple, cultural, development, doors, employees, finance, forward, funding, games, generated, generation, going, grew, hardware, hugely, ignore, inside, launch, left, lost, making, malaise, meant, misguided, nature, news, optimistic, people, physical, planning, plans, play, playing, preferred, products, puzzling, racing, raised, real, recode, redundant, report, reporting, revenue, robotic, robotics, rolling, scalextric, sofman, software, space, startup, statement, supertrucks, tcr, things, time, today, total, toy, toymaker, toys, traditional, trucks, venture, virtual, website, well, worlds, years, young, youngsters

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Latest news

  • Reasons to Consider a Career in the Manufacturing Industry
  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
  • Walmart and Symbotic expand partnership to implement automation system
  • Comau brings high-speed robotic precision to the cosmetics industry
  • EAVX unveils autonomous ‘walk-in van’ prototype
  • MassRobotics launches $50,000 robotics competition
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Radial expands relationship with Locus Robotics
  • Things to consider while choosing a 45ft flat rack container

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