ID: MRFR/ICT/6124-HCR | February 2021 | Region: Global | 100 pages
Robot operating system market is estimated to reach a value of USD 276 million by 2023 growing at a 10.91% CAGR during the forecast period 2018–2023. Robot operation system is an open source framework to develop robot software. This framework includes tools, libraries, and conventions required for developing the code or algorithm for a robot. The operating system is essential to the functioning of a robot as it allows developers to build a robot based as per their specifications. They can replace or modify components, connect components that are built in various programming languages such as Linux and Ubuntu to each other, can connect networking nodes, and many more.
There are numerous factors which are driving the growth of the robot operating system market. Some of them are growing industrialization, developments in IoT, increasing adoption of automation among large enterprises as well as SMEs, and increasing automation in robots among others. However, as robot OS is an open source platform and is accessible to everyone, security issues are the major factors expected to hamper the market growth in the coming years. Furthermore, significant developments in artificial intelligence technology is expected to create various growth opportunities in the robot operating system market.
The global robot operating system market has been segmented into type, vertical, and region.
By type, the robot operating system market has been segmented into industrial and commercial. Industrial robots have been again classified as SCARA, articulated robots, cartesian robots, and linear robots among others. Whereas, commercial robots have been sub-segmented into stationary and portable robots.
By vertical, the market has been classified into healthcare, automotive, aerospace & defense, retail, agriculture, electronics, food & packaging, rubber & plastics, and logistics among others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Market Research Future (MRFR) study has covered the following countries in the regional analysis of robot operating system market—the US, Canada, and Mexico in North America; Germany, the UK, France, Russia, Spain, and Italy in Europe; China, Japan, India, Singapore, Australia, and South Korea in Asia-Pacific; and the Middle East & Africa and South America in the rest of the world.
At present, North America is dominating the global robot operating system market, followed by Europe, Asia-Pacific, and RoW. Heavy investments by companies as well as governments in the region, especially the US, for research and development of robotics is expected to drive the market growth in North America. The US currently holds the highest market share in the North American robot operating system market, followed by Canada and Mexico.
Europe was the second highest revenue generating market for Robot Operating System in 2018. Increasing adoption of IoT and connected devices, high deployment of PLC and MES automation solutions by automotive industry, and significant adoption of industry 4.0 are some key drivers for the growth of robot operating system in Europe.
Asia-Pacific is projected to grow with the fastest CAGR during the forecast period due to increasing adoption of automation by manufacturing industries. China, followed by South Korea, and Singapore is leading the market currently, whereas, India and Australia are projected to grow with the fastest growing CAGR during the forecast period.
Market Research Future has identified the following key players in the robot operating system 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.
Frequently Asked Questions (FAQ) :
The global robot operating system market is expected to record a substantial market valuation of 276 million by 2023.
The global robot operating system market is projected to register a moderate 10.91% CAGR in the forecast period.
The industrial segment is slated to expand as the fastest-growing segment.
The electronics segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global robot operating system market are Yaskawa Electric Corporation, Microsoft Corporation, ABB Ltd, Fanuc Corporation, KUKA AG, among others.