Market Overview
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 2020 and 2023, which is the appraisal period. We will provide COVID-19 impact analysis with the report.
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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 Covid-19 Impact on Robot Operating System 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.
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.
Segmentation
The global robot operating system market has been segmented into type, vertical, and region.
- By type, the 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.
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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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