Robot Operating System Market : Recent Industry Developments and Growth Strategies Adopted by Players

Global Robot Operating System Market: Snapshot

Established players in the global robot operating system (ROS) market are seeing tough competition on account of startups which are being funded by venture capital companies. This has put a downward pressure on prices. In order to retain their stronghold in the market, the prominent players are focusing on carefully considered mergers and acquisitions. All these are actually serving to fuel the market majorly.

Other factors benefitting the market is the rising research activities and swift pace of industrialization across the globe. One thing proving to be detrimental for the market, however, is the security issues in the design implementation of robot operating system. To tide over the problem, suppliers of robotics operating systems are providing protected and secured ROS.

As per a Transparency Market Research report, the global robot operating system market will likely expand at 8.0% CAGR from 2017 to 2025 to become worth US$359.18 mn by 2025.

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Currently, industrial robots operating system account for maximum share in the market since they have made it easier for the robot developers to design efficient robots meant for industrial requirements. In fact, most of the manufacturers of robot have made ports available to enable ROS by partnering with different industries. Since the ROS platform saves time for the developers, it has become popular for the design of industrial robots. The use of ROS in the development of commercial robots is expected to gain momentum in the next couple of years.

In terms of growth rate, the application segment of healthcare under commercial, is expected clock impressive growth since they involve building customized products. This is because the healthcare sector is making gigantic progress by incorporating latest technologies for diagnosis and treatment. They are fast adopting robots in the day-to-day operations for more accurate processes. ROS based robots are also seeing substantial use in automotive, electronics and packaging, and warehousing.

Early Adoption of Latest Technology Makes North America Market Leader

North America, at present, holds a dominant position in the global robot operating system market, driven primarily by the commercial sector. Other factors benefitting the market is the demand for better services by consumers, swift uptake of latest technology in the region, and development of more advanced versions of ROS platforms. By rising at a CAGR of 7.7%, the market in the region is expected to grow its dominant share in revenue to US$166.2 mn by 2025 from US$87.5 mn in 2016.

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Europe trails North America in the global robot operating system market in terms of revenue generation. Nations of Germany, France, and the U.K. are at the forefront of driving growth in the region. The region is likely to expand at a solid 8.0% CAGR from 2017 to 2025.

Vis-à-vis growth rate, Asia Pacific is expected to outshine all other regions by registering a CAGR of 9.2% over the course of the forecast period. India and China are main markets in the region on account of the increased pace of industrialization. South Korea and Taiwan are other key markets in the region in terms of generating demand. Need for effective maintenance and management of facilities is also having a positive impact on the robot operating system market.

Prominent participants in the global robot operating systems market are ABB Group, Clearpath Robots, Husarion Inc., Stanley Innovation, OmromAdept Technology,Inc., Cyberbotics Ltd. Rethink Robots, Yaskawa Motoman, KUKA AG, iRobot Technologies, and Fanuc Corporation.

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This release was published on openPR.