Robot Operating System Market Expected to Reach USD 1,406.24 Million by 2031 | Top Players such as - OMRON Corporation, Universal Robotics, and Yaskawa Electric Corp

According to the report published by Allied Market Research "The Robot Operating System Market Expected to Reach USD 1,406.24 Million by 2031 | Top Players such as - OMRON Corporation, Universal Robotics, and Yaskawa Electric Corp." These players have adopted different strategies such as new product launches collaborations expansion joint ventures agreements and others to increase their market share and maintain dominant shares in different regions.

Factors such as the increase in adoption of automotive in various industries, rise in adoption of ROS by manufacturer and demand of collaborative robots is increasing primarily drive the growth of the robot operating system market. However, high maintenance and installation cost of robots hamper the market growth to some extent. Moreover, adoption of robots as a service is expected to provide lucrative opportunities for market growth during the forecast period.

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By robot type, the SCARA robots segment held the major share in 2021, garnering around half of the global robot operating system market revenue. The collaborative robots' segment would also showcase the fastest CAGR of 14.2% during the forecast period. Various advantages associated with the use of SCARA robots, and robot operating systems, including high speed and great accuracy faster than cartesian robots easy to installation and easy maintenance, thus driving the segment growth.

By application, the plastic injection and blow molding segment contributed to the highest share in 2021, accounting for around two-fifths of the global robot operating system market revenue. The PCB handling and ICT segment would also showcase the fastest CAGR of 14.7% throughout the forecast period. PCB and ICT solutions that address the diverse and varying needs of automated devices are currently becoming extremely valuable as more and more sectors adopt robotic operating systems.

By industry vertical, the electrical and electronics segment accounted for nearly two-fifth of the global robot operating system market share in 2021 and is expected to rule the roost by 2031. The metal and machinery segment would also display the fastest CAGR of 14.9% throughout the forecast period, owing to the rise of automation and digitalization trends in every industry.

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By region, North America garnered the highest share in 2021, holding nearly one-third of the global robot operating system market revenue in 2021, and is projected to retain its dominance by 2031. The Asia-Pacific region would also show the fastest CAGR of 14.0% during the forecast period. Rapid surge in population and rise in the economy of Asia-Pacific have propelled the market growth.

The robot operating system industry is dominated by key players such as ABB Ltd., Clearpath Robotics, Denso Corporation, FANUC CORPORATION, iRobot Corporation, KUKA AG, Microsoft Corporation, OMRON Corporation, Universal Robotics, and Yaskawa Electric Corp. These players have adopted various strategies to increase their market penetration and strengthen their position in robot operating system industry.

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Covid-19 scenario

● Various countries across the globe are adopting ROS for the healthcare sector to train their future doctors and students for fighting the COVID-19 pandemic.

● Rise in number of patients across the globe have led to a significant increase in the adoption of robot software market, owing to the closing of workplaces and upsurge in the use of ROS in different sector such as manufacturing, retail, and healthcare.

● However, rise in organic growth strategies by the major key players has helped the market recover post-pandemic.

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