RoboInd market brief: Robot Operating System Market is estimated at USD 581 million in 2023. The report cites a CAGR of 13.2% over 2023–2028.
Market snapshot
- USD 581 million in 2023
- USD 1,082 million in 2028
Stated compound annual growth rate: 13.2% (2023–2028).
Market overview
The robot operating system market is expected to grow from USD 581 million in 2023 to USD 1,082 million by 2028, at a compound annual growth rate (CAGR) of 13.2% during the forecast period.The key players ABB Ltd. (Switzerland), FANUC (Japan), KUKA AG (Germany), Yaskawa Electric Corporation (Japan), Denso (Japan), Microsoft (US), Omron Corporation (Japan), Universal Robotics (Denmark), Clearpath Robots (Canada), iRobot Corporation (US), Apart from these, Pal Robotics (Spain), Robotnik (Spain), Rethink Robotics (Germany), Stanley Innovation (US), Husarion (Poland), Neobotix (Germany), Shadow Robot (UK), Yamaha Motor (Japan), Estun Automation (China), Shibaura Machine (Japan), Hirata Corporation (Japan), Techman Robot (Taiwan), Franka Emika (Germany), Bosch Rexroth AG (Germany).
Market drivers and constraints
- Rising R&D fund for industrial automation: The market’s top robot operating system providers, such as ABB (Switzerland), Clearpath Robotics (Canada), Omron Corporation (Japan),Kuka AG (Germany) among others, are continuously investing in R&D activities to balance out the supply-demand chain. To improve the quality of robots as well as develop better robot operating system, companies such as ABB and FANUC (Japan) are looking forward to investing in research and innovation. The strategies such as…
- High installation cost of low-volume production applications: Despite the high rate of adoption of robot operating system among SMEs, most of the SMEs follow the low-volume production scenario due to the presence of more than one production line. The robot operating system is an inevitable process that modifies or reconfigures industrial robots , as it is designed as per the requirements of applications. The cost of reconfiguration and reinstallation of robotic systems is high for low- volume…
- Increasing demand for Robotics-as-a-Service (RaaS) Model: The Robotics-as-a-Service (RaaS) model can meet the growing demand for automation across several startups and multiple cost-sensitive industries, leading to the increasing adoption rate of the RaaS model across the ROS market. It enables robot operating system providers to lease their solutions to their customers in 2 ways: robotics-as-a-cloud service or on rental. The data captured by robots across different locations can be stacked in…
- Need to safely handle industrial grade operation: Robot operating system is being used in several industrial and service applications. The robot operating system industry is growing at a rapid pace, owing to technological advancements and the integration of automation tools. The applications of robotics have been increasing, from automotive, packaging, distribution, and metalworking to inspection, mobile platforms, and human-machine interaction. However, making industrial robots safe for…
Competitive landscape
Public report coverage names Yaskawa Electric Corporation, Clearpath Robots, iRobot Corporation. The list reflects participants identified by the source and is not a ranking.
Reading the figures: Values follow the market definition and forecast period stated in the source report. Estimates using different scopes should not be combined without normalization.