Robot Operating System Market worth $1,082 Million by 2028, at a CAGR of 13.2%

October 12 04:07 2023
Robot Operating System Market worth $1,082 Million by 2028, at a CAGR of 13.2%
Robot Operating System Market
The Robot Operating System Market Value is projected to be USD 1,082 million by 2028, growing from USD 581 million in 2023, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period.

The report “Robot Operating System Market by Robot Type (Articulated, SCARA, Cartesian, Collaborative, Autonomous Mobile, Parallel), Application (Pick & Place, Testing & Quality Inspection, Inventory Management), End User and Region – Global Forecast to 2028” The robot operating system market is projected to grow from  USD 581 million in 2023 and is projected to reach USD 1,082 million by 2028; it is expected to grow at a CAGR of 13.2% from 2023 to 2028. Increasing demand for robotics-as-a-service models is one of the major opportunities in the market.

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Key Market Players 

In the robot operating system companies, key and emerging market players include ABB Ltd. (Switzerland), FANUC (Japan), KUKA AG (Germany), Yaskawa Electric Corporation (Japan), Denso (Japan), Microsoft (US), Omron Corporation (Japan), Universal Robotics (Denmark), Clearpath Robots (Canada), iRobot Corporation (US).

Browse 150 market data Tables and 70 Figures spread through 220 Pages and in-depth TOC on “Robot Operating System Market by Robot Type (Articulated, SCARA, Cartesian, Collaborative, Autonomous Mobile, Parallel), Application (Pick & Place, Testing & Quality Inspection, Inventory Management), End User and Region – Global Forecast to 2028”

View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/robot-operating-system-market-19870751.html

Robot Operating System Market

Drivers: Rising R&D fund for industrial automation

The market’s top robot operating system providers, such as ABB (Switzerland), Clearpath Robotics (Canada), Omron Corporation (Japan),Kuka AG (Germany) among others, are continuously investing in R&D activities to balance out the supply-demand chain. To improve the quality of robots as well as develop better robot operating system, companies such as ABB and FANUC (Japan) are looking forward to investing in research and innovation. The strategies such as collaborations and acquisitions are assisting organizations offering robot operating system in expanding their geographic footprints. These business expansions of the major players are creating demand for robot operating system.

Restraints: High installation cost of low-volume production applications

Despite the high rate of adoption of robot operating system among SMEs, most of the SMEs follow the low-volume production scenario due to the presence of more than one production line. The robot operating system is an inevitable process that modifies or reconfigures industrial robots, as it is designed as per the requirements of applications. The cost of reconfiguration and reinstallation of robotic systems is high for low- volume production.

FANUC (Japan)

FANUC operates its business through four divisions—FA (Factory Automation), ROBOT, ROB MACHINE, and Service. The company offers over 100 industrial robots under the ROBOT division, catering to various applications. Although FANUC is known for its traditional industrial robots, it offers collaborative robots with various payloads. The robots contribute to automation in the automotive, electrical & electronics, food & beverages, and pharmaceuticals industries, among others.

ABB (Switzerland)

ABB Robotics is a pioneer in robotics, machine automation, and digital services, providing innovative solutions for various industries, from automotive to electronics to logistics. It is a leading supplier of industrial robots and modular manufacturing systems and services. The company’s operations are organized through four business divisions—Electrification, Motion, Process Automation, and Robotics & Discrete Automation. ABB provides industrial robots through its Robotics & Discrete Automation business segment; it has installed more than 300,000 ABB robots worldwide. Robots are used for welding, material handling, painting, picking, packing, and palletizing in automotive, metal fabrication, foundry, plastics, food & beverages, chemicals, pharmaceuticals, consumer electronics, solar, and wood.

Europe grew with the second highest CAGR during the forecast period.

Emerging European markets such as the UK and Germany are expected to offer significant opportunities in the robot operating system market. The increasing adoption of IoT and connected devices, growing deployment of automation solutions such as Programmable Logic Controllers (PLC) and Manufacturing Execution Systems (MES) by the automotive industry, and rising adoption of Industry 4.0 are some of the key factors driving the adoption of robot operating system in the region.

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