Robot Operating System Industry worth $1,082 million by 2028

 The report "Robot Operating System Market by Robot Type (Articulated, SCARA, Cartesian, Collaborative, Autonomous Mobile, Parallel), Application (Pick & Place, Testing & Quality Inspection, Inventory Management), End User and Region - Global Forecast to 2028" The robot operating system market is projected to grow from  USD 581 million in 2023 and is projected to reach USD 1,082 million by 2028; it is expected to grow at a CAGR of 13.2% from 2023 to 2028. Increasing demand for robotics-as-a-service models is one of the major opportunities in the market.

The collaborative robots segment holds the second highest CAGR during the forecast period.

Collaborative robots are the most customized robots compared to others, such as parallel or SCARA robots; they can be modified per the intended application or requirement for modularity, safety, ease of performance, and efficiency. Industries such as automotive, electronics, and pharmaceutical actively integrate collaborative robots into their production processes to enhance efficiency, productivity, and flexibility. As the demand for collaborative robots is increasing, a significant demand for robot operating systems is expected during the forecast period.

Automotive industry to hold the largest market share during the forecast period.

The robot operating system is highly incorporated into robots used in the automotive industry. The implementation of robots can help manufacturers reduce time-to-market, cut product costs, lower energy consumption, and more. As automotive manufacturers look to remain competitive, they expect robotics to continue playing a pivotal role in the automotive industry's evolution.

Europe grew with the second highest CAGR during the forecast period.

Emerging European markets such as the UK and Germany are expected to offer significant opportunities in the robot operating system market. The increasing adoption of IoT and connected devices, growing deployment of automation solutions such as Programmable Logic Controllers (PLC) and Manufacturing Execution Systems (MES) by the automotive industry, and rising adoption of Industry 4.0 are some of the key factors driving the adoption of robot operating system in the region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19870751

In the  robot operating system market, the key and emerging market players include 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), and  Kawasaki Heavy Industries (Japan)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.