Robot Operating System Market 2020: Analysis, Growth Rate, Trend, Key Players and Forecast 2023

Market Overview

A report published by Market Future Research (MRFR), asserts that the Global robot operating system market is slated to reach a valuation of USD 276 million by 2023, growing at a moderate 10.91% CAGR during the review period of 2018–2023.

Drivers and Restraints

There are several factors which are driving the growth of Robot Operating System Market. Some of them are developments in IoT, growing industrialization, increasing adoption of automation among large enterprises as well as SMEs, and growing automation in robotics, among others. The robotics industry is growing supported by advancements in AI. numerous enterprises are poised to adopt industrial robots owing to the trend of automation and innovation with advances in technology. Future robots are slated to be equipped with fast communication, voice and language recognition, learning capabilities, portability, mobility, and dexterity. With the backing of robot operating systems, robot programming has revolutionised with simpler user interfaces resulting in the development of the advanced unmanned aerial vehicles (UAVs), and autonomous vehicles. With many industries deploying Industry 4.0 standards, automation has become an improtant part of companies, organizations, and the public and private sector for controlling the competence of resources, forming the backbone of many modern industries such as transport, oil & gas, energy, road and transportation, power grids, food & beverage, water/wastewater, recycling, manufacturing, air and sea and home automation.

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Many industries are focused on adopting Industry 4.0 standards including IoT, cloud computing, and cognitive computing to increase agility, efficiency, and operational productivity. With improved quality, lower costs, and the ability to meet high customer demands, Industry 4.0 allows producers to serve larger markets, provide customized products, and monitor, control, and optimize manufacturing processes. Nevertheless, as robot OS is an open source platform and is available to everyone, security issues are the major factors poised to hinder the market growth in the coming years. On the other hand, significant developments in artificial intelligence technology is expected to create numerous growth opportunities in the Robot Operating System Market.

Segmentation

The global Robot Operating System Market has been segmented on the basis of vertical, and type.

• On the basis of the type, the market has been bifurcated into industrial and commercial. Industrial robots have been further classified as SCARA, cartesian robots, articulated robots, and linear robots among others. commercial robots have been sub-divded into stationary and portable robots.
• On the basis of the vertical, the market has been classified into automotive, agriculture, aerospace & defense, retail, electronics, rubber & plastics, healthcare, food & packaging, and logistics among others.

Key Players

Market Research Future has identified the following key players in the market—Microsoft Corporation, ABB Ltd, KUKA AG, Fanuc Corporation, Yaskawa Electric Corporation, iRobot Technologies, Omron Corporation, Husarion, Inc., Clearpath Robotics, Cyberbotics Ltd, and Rethink Robotics among others.

Regional Analysis

The market for robot operating system has been estimated to grow at a significant rate during the forecast period 2020 to 2023. The geographical analysis of robot operating system market has been done for North America (US, Canada, and Mexico), Europe (Germany, UK, France, Russia, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, South Korea, and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa, and South America).

North America was leading the robot operating system market in 2020. North America is an established region in terms of advanced infrastructure support— widely known for being an early adopter of new technology. Increasing demand for advanced robotics and intelligent and automated manufacturing systems is expected to generate fruitful opportunities for robot operating system market. The US is the leading market as key players are investing heavily in developing automation solutions to accelerate the demand for connected technology and factory automation in the country.

Europe held the second-largest share of the global robot operating system market in 2020. The UK dominated the market, followed by Germany and France. Europe is a manufacturing hub for automobiles. The increasing market of industry 4.0 and high deployment ratio of robots by the automotive industry has driven the market growth of robot operating system in the region.

Asia-Pacific is projected to grow with the fastest growing CAGR. China accounted for the highest market share of the Asia-Pacific Robot Operating System market in 2020. High demand for automation by semiconductor manufacturer and government support for adoption of industry 4.0 is projected to propel the market growth of robot operating system in the region.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Dynamics

4.1 Market Drivers

4.1.1 Increasing Industrialization

4.1.2 Development In IoT

4.1.3 Increasing Adoption Rate Of Automation Among SMEs And Large Enterprises

4.2 Market Restraints

4.2.1 Security Issues

4.3 Market Opportunities

4.3.1 Developments In Artificial Intelligence

4.4 Value/Supply Chain Analysis

4.5 Porter’s Five Forces Analysis

4.5.1 Threat Of New Entrants

Continued…

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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr) and Market Research & Consulting Services.