February 14 2020
Market Research Future published a research report on “Robot Operating System Global Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 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.
Robot Operating System Global 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. There are numerous factors which are driving the growth of this 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 market.
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.
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The market for robot operating system has been estimated to grow at a significant rate during the forecast period 2018 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 2018. 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 2018. 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 2018. 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.
The global robot operating system market has been segmented into type, vertical, and 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
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