Robot Operating System Market: Funding from Venture Capitalists Results in Influx of Startups
Some of the key players 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. They are mulling over strategic mergers and acquisitions, besides increasing their allocation for research and development in order to bolster positions in the market.
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A report by Transparency Market Research projects the global robot operating system market to attain a value of US$359.18 mn by 2025 by rising at a steady 8.0% CAGR during the period between 2017 and 2025.
Depending upon application, the global robot operating system market can be broadly divided into commercial and industrial. The commercial segment can be further divided into healthcare, hospitality, retail, agriculture, farming, etc. Similarly, the industrial segment can be further divided into automotive, electronics, information technology, food and packaging, rubber and plastics, logistics and warehousing, etc. Among them, the sub-segment of healthcare is predicted to expand at a healthy clip due to the thirst of the sector for cutting-edge technologies.
Geographically, the key regions in the global robot operating system market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific, of them, is predicted to outpace all others by clocking a 9.2% CAGR from 2017 to 2025 on the back of demand from India, China, South Korea, and Taiwan.
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Growing Research Activities Boosting Market
At the forefront of driving the global robot operating system is the rising allocations on research and innovation. Explains the lead analyst of the TMR report, “Commercially available software and hardware modules should be seamlessly integrated in research work and they must not cost a lot. With the help of ROS, the level of complexity in software development involved in robotics projects can be reduced drastically. ROS increases the speed of software development and helps to redistribute as it included integrated framework and toolsets for robotics development. These factors help researchers and developers to adopt robot operating system (ROS) into their robotics research and innovation.”
Apart from research and innovation, the healthcare sector too is majorly fuelling the global robot operating system market. Mushrooming manufacturing units and expansion of existing ones, worldwide is also generating demand in the market.
Security Issues Create Hindrance
One factor posing a challenge to the market, on the other hand, is the security issues in the design implementation of robot operating system. To tide over the problem, many suppliers of robotics operating systems provide ROS that is protected, secured, and then commercialized. This has enabled their use in sensitive areas such as aerospace, defense, and marine.
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This review is based on the findings of a TMR report, titled, “Robot Operating System Market (Type – Commercial (Stationary and Portable) and Industrial (SCARA, Articulated, Cartesian, and Linear); Application - Commercial (Healthcare, Hospitality, Retail, and Agriculture and Farming) and Industrial (Automotive Electronics, Information Technology, Food and Packaging, Rubber and Plastics, and Logistics and Warehousing) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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