Global Robot Operating System Market Thriving: Likely to Grow at a CAGR of 9.4% During the Forecast Period
Published | 23 September 2021
The global robot operating system market is growing at a high CAGR because of the increasing adoption of robots and automation in the small & medium-sized enterprises, along with growing research and development activities.
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global robot operating system market was worth USD 599.1 million in 2020. According to the study, the market is estimated to grow at a CAGR of 9.4%, earning revenue of around USD 1,121.2 million by the end of 2027. The global robot operating system market is booming at a high rate because of the increasing adoption of robots in small & medium-sized enterprises and expanding research and development activities. The shift from labor-intensive to capital-intensive operations prompts businesses to adopt robots to maximize their production yield and cut costs. As a result, the demand for robot operating systems is growing for effective and error-free management of robots and automation systems. However, complexity in robots and different algorithms of different automation devices may act as a major restraining factor for the global robot operating system.
Expanding Application of Robots in Manufacturing Industry is Propelling the Growth of The Global Robot Operating System
The manufacturing and production activities are flourishing at a high rate, especially in emerging economies like China, India, Japan, South Korea, etc. As a result, the adoption of robots and robot operating system (ROS) is also expanding. Technological advancements such as the Internet of Things (IoT) and artificial intelligence (AI) as well as the availability of a wide range of robots for various operational needs and processes are also influencing the growth of robotic operating systems (ROS).
Increasing Demand for Collaborative Robots Is Expected to Drive the Global Robot Operating System Market Growth
There are generally four types of robots available in the market— articulated robots, SCARA (Selective Compliance Assembly Robot Arm) robots, parallel robots, cartesian robots, and collaborative robots. Among these, the demand for collaborative robots is highly prominent in the market. Collaborative robots are intended for direct human-robot interaction in a shared space. Consequently, robots controlled by robot operating systems are used to perform certain tasks such as manufacturing precision parts, but with human supervision to ensure quality. Consequently, the demand for robot operating systems continues to grow, boosting the market.
Global Robot Operating System Market - By End-User Industry
Based on the end-user industry, the global robot operating system market is segmented into Automotive, Electrical and Electronics, Metal and Machinery, Plastics, Rubber, and Chemicals, Food and Beverages, Healthcare, and others. The metal and machinery segment holds the largest market share and is likely to maintain its supremacy even during the forecast period. Robotics and automation play a major role in the metal and machinery industry, allowing for higher production yields and avoiding significant labor risks. Robots are also highly effective for manufacturing small parts, such as chips, which are crucial components of electronic products, in a cost-effective way that helps moderate the price of the end products.
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Global Robot Operating System Market - Regional Insights
Geographically, the global robot operating system market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, the Asia-Pacific accounts for the largest market share and is projected to show lucrative growth during the forecast period as well. Increasing adoption of robots and automation in emerging economies like China, South Korea, Japan, etc., for manufacturing and production operations is significantly propelling the growth of the global robot operating system in this region. Industries such as electronics, automobiles, military, etc., are witnessing prolific growth in adopting robots and robot operating systems. However, North America also covers a substantial share in the market because of the high prevalence of leading industry players such as Microsoft and iRobot Corporation.
Impact of COVID-19 on Global Robot Operating System Market
The global robot operating system market witnessed a significant slowdown during the initial phase of the COVID-19 outbreak. As a result of the lockdown, the countries stopped undertaking research and development, as well as their distribution system, reducing the supply of robotics hardware.
However, automation and robotics are also expected to gain prominence in the next few years, which will propel the market's growth. The risk of community transmission of the virus among a group of humans working in an enclosed space is very high. The labor-intensive work also has high chances of obstruction of the business operations if a similar outbreak happens again. Therefore, businesses, especially manufacturers and producers, are significantly switching towards robots and automation to keep their businesses running during such times.
The leading players in the global robot operating system market are Microsoft Corporation, Cyberbotics Ltd., ABB Ltd., Husarion, Inc., KUKA AG, Omron Corporation, Yaskawa Electric Corporation, Clearpath Robotics, Denso, Universal Robotics, FANUC, iRobot Corporation, Stanley Innovation, Husarion, Rethink Robotics, and other prominent players.
The market is highly concentrated and consolidated, with global giants such as Microsoft, iRobot Corporation, etc. These industry players dominate the market with their technological expertise. Therefore, the market is highly dense for new entrants. To stay ahead in the competition, they significantly adopt competitive strategies, such as partnerships, mergers, acquisitions, collaborations, etc. For example, SLAMcore, a global leader in spatial intelligence software for robots, announced full compatibility of its SDK with ROS 2 (Robot Operating System).
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global robot operating system market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global robot operating system market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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