Its not even a new product. Convection ovens have been a thing for years. But because standard toaster ovens and convection ovens look so similar people thought they were the same.
The fan is much stronger too, so not literally it. Changing two of the most significant parameters gives it entirely new utility that ovens didn’t and don’t capture.
In effect it’s closer to a microwave meets an air sous vice. Much quicker heat up, much more even heat dispersal.
I have a convection oven too that’s the same size, we use the air fryer 5x more often and it’s almost entirely due to the fan not the size. Cuts cooking time in half comparatively.