CHICAGO, July 25, 2023 /PRNewswire/ -- 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 according to a new report by MarketsandMarkets™. Increasing demand for robotics-as-a-service models is one of the major opportunities in the market.
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Robot Operating System Market Report Scope:
Report Coverage | Details |
Market Revenue in 2023 | $581 million |
Estimated Value by 2028 | $1,082 million |
Growth Rate | Poised to grow at a CAGR of 13.2% |
Market Size Available for | 2019–2028 |
Forecast Period | 2023–2028 |
Forecast Units | Value (USD Million/Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Robot Type, Application, End User and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge | Need to safely handle industrial grade operation |
Key Market Opportunities | Increasing demand for Robotics-as-a-Service (RaaS) Model |
Key Market Drivers | Rising R&D fund for industrial automation |
The collaborative robots segment holds the second highest CAGR during the forecast period.
Collaborative robots are the most customized robots compared to others, such as parallel or SCARA robots; they can be modified per the intended application or requirement for modularity, safety, ease of performance, and efficiency. Industries such as automotive, electronics, and pharmaceutical actively integrate collaborative robots into their production processes to enhance efficiency, productivity, and flexibility. As the demand for collaborative robots is increasing, a significant demand for robot operating systems is expected during the forecast period.
Automotive industry to hold the largest market share during the forecast period.
The robot operating system is highly incorporated into robots used in the automotive industry. The implementation of robots can help manufacturers reduce time-to-market, cut product costs, lower energy consumption, and more. As automotive manufacturers look to remain competitive, they expect robotics to continue playing a pivotal role in the automotive industry's evolution.
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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 industry. 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.
In the robot operating system companies, the 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), Apart from these, Pal Robotics (Spain), Robotnik (Spain), Rethink Robotics (Germany), Stanley Innovation (US), Husarion (Poland), Neobotix (Germany), Shadow Robot (UK), Yamaha Motor (Japan), Estun Automation (China), Shibaura Machine (Japan), Hirata Corporation (Japan), Techman Robot (Taiwan), Franka Emika (Germany), Bosch Rexroth AG (Germany), and Kawasaki Heavy Industries (Japan)
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
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