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Robot Operating System (ROS) Market Prophesied to Grow at a Faster Pace by 2026

08-03-2018 04:29 PM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Robot Operating System (ROS) Market Prophesied to Grow at

According to a new market report published by Transparency Market Research, the global robot operating system (ROS) market is expected to reach a value of US$ 402.7Mn by 2026 on account of the extensive use of robots across a number of industries. The market is projected to expand at a CAGR of 8.8% during the forecast period from 2018 to 2026.The global robot operating system market is mainly driven by rising adoption of ROS in research & innovation and rising expansion of industrial capabilities.

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Growing installations of industrial and commercial robots across industries is driving the global ROS market

ROS is an open source platform for robot enthusiasts. Robot developing companies can easily pull its code from the web for free and use it to develop their idea to any level with further customization based on the requirement. This factor has given strong impetus to the overall ROS market. The ROS market is expected to witness further revision, innovation, and development in the coming years, since there are number of big companies investing in the market. The great flexibility of ROS has promoted code sharing and contributions from researchers covering all major aspects of robotics. At present, ROS has helped the robotics community progress faster by sharing solutions to common problems. The rising installations of commercial and industrial robots across applications especially in automotive, healthcare, logistics and warehousing, and other production & manufacturing sectors for process automation is supplementing the growth of the ROS market.

Global Robot Operating System (ROS) Market: Scope of the Report

The ROS market is segmented by type, application, and region. By type, the ROS market is divided into commercial robots and industrial robots. Industrial robots hold more than 60% market share. H-ROS or hardware robot operating system helps in the designing of reusable and reconfigurable robot components to create comprehensive robots. It aims to reduce the overall development time for manufacturers. Industrial ROS has made it simple for robot developers to efficiently design robots catering to the industrial needs. The commercial robot segment is further sub-segmented into stationary and portable robots, whereas the industrial robot segment is further categorized into SCARA, articulated, Cartesian, linear and others. Based on application, the ROS market is categorized into commercial and industrial.

Among these segments, commercial is further divided into healthcare, (hospitals and pharmaceuticals), hospitality (restaurants and hotels), retail (big and small retail stores), agriculture & farming and others (entertainment and domestic services). Process manufacturing and healthcare are emerging as the fastest growing industries in the field of robotics as these involve developing customized products. ROS based robots are significantly being used in automotive, electronics, and packaging and warehousing. Additionally, the industrial segment is bifurcated into automotive, electronics, food & packaging, rubber & plastics, logistics and warehousing, and other purposes such as metal and energy.

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North America dominates the ROS market with a share of more than 45% in 2017. This is primarily due to the demand for increased service quality from consumers, fast adoption of technology, combined with worthwhile initiatives taken, development of more advance version of the ROS platform, and rising awareness about the same. Among all the geographies, Asia Pacific has witnessed strong growth in adoption and demand for robots, both in terms of value and volume. Asia Pacific is expected to contribute the highest CAGR over the forecast period. Asia Pacific, North America, and Europe are the most attractive markets for robot operating systems.

The number of registered ROS users is increasing subsequently and these regions have the maximum number of users. Moreover, by transforming from a utility-based middleware to the engine that drives the future development of robotics and allied software tools, ROS is anticipated to witness new developments over the forecast period. In addition, the ROS market in Asia Pacific countries including India and China are anticipated to see growth due to rapid industrialization, safety prospects, and improved quality & reliability. Continuous demand for robots in countries like China, Taiwan, and Republic of Korea is expected to boost the market for ROS. Asia Pacific is expected to see high growth since robots are being increasingly adopted by many industries.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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