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Robot Operating System Market Growing at a CAGR 8.4% | Key Player ABB, Fanuc, KUKA AG, Yaskawa Electric Corporation, Denso

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Robot Operating System Market Growing at a CAGR 8.4% | Key Player ABB, Fanuc, KUKA AG, Yaskawa Electric Corporation, Denso

October 05
14:51 2020
Robot Operating System Market Growing at a CAGR 8.4% | Key Player ABB, Fanuc, KUKA AG, Yaskawa Electric Corporation, Denso

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), Rethink Robotics (Germany), Stanley Innovation (US), and Husarion (Poland).
Robot Operating System Market by Robot Type (Articulated, SCARA, Parallel, Cartesian, Collaborative), Industry (Automotive, Electrical and Electronics, Metals and Machinery, Food and Beverages, Healthcare), and Region – Global Forecast to 2024

MarketsandMarkets expects the Robot Operating System (ROS) Market is projected to grow from USD 312 million in 2019 to USD 467 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period. The adoption rate of ROS is expected to grow, owing to the rising Research and Development (R&D) funds for industry automation, increasing implementation of collaborative modular robots, growing demand for Robotics-as-a-Service (RaaS) model, and the rising adoption of low-cost industrial robots.

Collaborative robots segment to hold the highest CAGR during the forecast period

The safety features, as well as the benefits over other robots to perform certain light-duty tasks,  is driving the adoption of collaborative robots (Cobot’s) across the ROS market. Cobot’s can be integrated with various sensors, vision systems, and passive compliance. It also integrates with overcurrent detection features, which detect any imminent collision with humans and take appropriate action to stop their movement, or deactivate the arm, or move the joint in the opposite direction, to avoid injury.

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Automotive industry to hold the highest market share during the forecast period

The automotive industry is extremely dynamic and requires exceptional flexibility from automotive manufacturers. The growing global competition demands smart production systems, combined with flexible logistics systems. Within the manufacturing process, competitiveness, quality, and productivity have improved owing to a better level of speed, accuracy, precision, flexibility, and the agility of robots. Hence, ROS is highly incorporated in robots that are used in the automotive industry. The implementation of robots can help manufacturers reduce the time-to-market, cut product costs, and lower energy consumption. As automotive manufacturers look to remain competitive, they expect robotics to continue playing a pivotal role in the evolution of the automotive industry.

A continuous rise in the R&D funds for industry automation is projected to be one of the drivers of the ROS market. The market’s top ROS providers, such as ABB Ltd., Clearpath Robotics, Omron Adept Technologies Inc, iRobot Corporation, Kuka AG, and Stanley Innovation, 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 ROS, companies such as ABB and FANUC look forward to investing in research and innovation. Strategies such as collaborations and acquisitions assist organizations that offer ROS to expand their geographic footprints. These business expansions of the major players are creating a demand for ROS.

In the ROS 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), Rethink Robotics (Germany), Stanley Innovation (US), and Husarion (Poland). These players have adopted various strategies to grow in the global ROS market.

FANUC (Japan) aims to strengthen its service division by improving service technologies, enhancing service tools, and improving efficiency through the adoption of Information Technology (IT). Over the years, FANUC has undertaken several acquisitions and partnerships to speed up its overall performance in the ROS market. For instance, it has collaborated with Cisco Systems, Inc. (US); Rockwell Automation Inc. (US); and Preferred Networks, Inc. (Japan) to jointly develop and deploy a field system, which has enhanced its ability to offer products for Formative Assessment (FA) by adopting Internet of Things (IoT) and Machine Learning (ML) technologies. These strategies have helped FANUC enhance its product portfolio and lead the company to a high rate of organic growth.

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ABB (Switzerland) is recognized for its diversity in product and service offerings that cater to a diverse clientele globally. ABB holds a key position in the ROS market for providing services and software of electrification products, industrial automation, and robotics and motion products. The company supports its customers by providing them with innovative solutions that drive their productivity and competitiveness, while helping them digitalize their businesses. In 2018, 2017, and 2016, the company invested USD 1.1 billion, USD 1.0 billion, and USD 0.96 billion, respectively, in R&D. These investments have helped the company enhance its portfolio of offerings and products, besides helping it develop new technologies and services. ABB has adopted inorganic growth strategies to foray into the ROS market, improving the efficiency, productivity, and security of its customers’ operations. The company has a presence in the Americas, Europe, and Asia, Middle East, and Africa (AMEA), with revenues generated majorly from Europe.

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