The Robot Operating System Market Revenue has been carefully studied by MRFR experts, while considering type and vertical as the primary segments.
The types of ROS are industrial as well as commercial. The types of industrial robots covered in the market study are articulated robots, SCARA, linear robots and cartesian robots, among others. The commercial robot types outlined are stationary as well as portable robots.
Depending on vertical, the Robot Operating System Market Revenue caters to electronics, logistics healthcare, agriculture, aerospace & defense, food & packaging, automotive, retail, rubber & plastics, and more.
Regional Study
The regional study of the Robot Operating System Market Revenue North America, Europe, APAC or Asia Pacific, and RoW or the rest of the world.
North America is a groundbreaker, in terms of IT infrastructure and technical brilliance across the globe. The Robot Operating System Market Revenue in the region is said to be the most profitable, thanks to the massive investments made by leading companies and governments within the region. As a highly developed country, the United States (US) leads the regional market, with extensive researches carried out to develop more advanced robotics and the colossal amounts spent in order to do so. Canada and Mexico are some other prominent markets for ROS in the region.
In 2018, it was revealed that Europe had taken the second lead in the global market, on account of the high adoption of connected devices and IoT, vast deployment of MES and PLC automation solutions in the automotive sector, and the popular trend of industry 4.0.
The APAC market can observe the fastest growth rate in the approaching period, backed by factors such as the increasing automation in manufacturing industries. China currently dominates the regional market, closely followed by Singapore and South Korea, while Australia and India are touted to gain at the fastest rate between 2018 and 2023.
Top Players
Top players currently leading the robot operating system market include Cyberbotics Ltd, Fanuc Corporation, ABB Ltd, KUKA AG, Husarion, Inc., Rethink Robotics, Omron Corporation, iRobot Technologies, Microsoft Corporation, Clearpath Robotics, Yaskawa Electric Corporation, to name a few.
Recent Developments
May 2020
Kuka has launched a new industrial robot called KR Iontec, which is compact in size and makes optimum use of space with very little footprint.
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Market Highlights
Market Research Future (MRFR) anticipates the robot operating system market 2020 to procure a valuation of USD 276 million by 2023. MRFR also reveals that the market can progress at a robust rate of 10.91% between 2018 and 2023, which is the appraisal period. We will provide COVID-19 impact analysis with the report.
Primary Boosters and Key Challenges
COVID-19 analysis conducted by MRFR reveals that a few aspects of the ICT industry are benefitting from social isolation and health concerns, despite the short term impact on the economy across the globe. Some of the opportunity areas for the industry include telemedicine, telework, online and contactless payments, food delivery and logistics, entertainment and remote learning and more. The long-term impact of COVID-19 can affect identity security management as well as public safety. However, companies are expected to leverage the pandemic outbreak in terms of general readiness and better relations between businesses and consumers. With the rising focus on achieving COVID-19 breakthrough among countries, there is hope for the ICT industry, including the robot operating system market.
The robot operating system or ROS market can be driven by the heavy investments in research and innovation activities. ROS helps bring down the complexities in software engineering during the development process in robotics projects. The system also helps boost the speed of software advancements, in addition to redistributing, backed by an integrated framework along with toolsets. Robotic operating system’s appealing properties are the reason why more and more researchers and developers are adopting these into their robotics research and advancement activities.
The healthcare industry worldwide is observing incredible growth and is increasingly exhibiting a futuristic approach with the rising use of robots in everyday operations. These robotics are being deployed extensively in various applications involving medicines and more. In addition, the rising number of manufacturing units around the world in conjunction with the increasing industrial capabilities as well as automation of the processes also boosts the demand for robot operating systems. Sensing the growth scope, companies are increasing their capital investment in the robotics technology, particularly in commercial robots. Leading vendors like ABB and Fanuc Corporation are slated to invest higher amounts in R&D to come up with more advanced robots and operating systems that are not only user friendly but affordable as well.
Latest Trends
The worldwide robotics market is widely supported by the ongoing advancements in AI or artificial intelligence. A number of enterprises are on planning to deploy industrial robots on account of the automation trend along with the rapid advances in the technology. Future robotic inventions are projected to be equipped with language and voice recognition, learning capabilities, fast communication, portability, dexterity and mobility, leading to sharp rise in their demand and better growth of the robot operating system market.
With the increasing uptake of the Industry 4.0 standards, automation has emerged as a critical tool in companies, organizations, as well as the private and public sectors. Automation helps them control the efficiency of the resources, and is largely considered to be the backbone of significant industries like oil & gas, energy, food & beverage, manufacturing, home automation, water/wastewater, power grids, road and transportation, air and sea transport, recycling, to name a few. The various Industry 4.0 standards that are increasingly being adopted by enterprises include cloud computing, cognitive computing and IoT, which can translate to faster market growth in the following years.
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Robot Operating System Market Research Report, by Vertical (Agriculture, Automotive, Aerospace, Electronics, Healthcare, Retail, and Logistics), by Type (Industrial (SCARA, Articulated, and Cartesian), Commercial (Stationary)) — Global Forecast till 2027
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