ROS Based Robot Market to Reach 87.92 billion by 2030
Research Reports
Mar 20, 2022
[GII JASDAQ 4171]
The Robot Operating System (ROS) is a set of software tools and libraries that enables the user to build robot applications. It is the collection of open-source software frameworks for robot software development. ROS in robots offers the services of an operating system, including hardware abstraction, message-passing between processes, low-level device control, implementation of commonly-used functionality, and package management.
The ROS Based Robot Market was valued at 42.69 billion in 2021 and is predicted to reach 87.92 billion by 2030 with a CAGR of 8.4% from 2022-2030. Growth of the ROS-based robot market is mainly driven by a number of factors including rise in demand for quality and productivity at the workplace, growth in concerns associated with the labor safety and human error; and upsurge in need for automation across different industries. The ROS based robot offers lucrative benefits to the end use industries such as automotive, electronics, food & beverages and others. Some of the benefits include improved safety, increased efficiency, improved order accuracy, efficient workforce costs, and close the labour shortage gap.
Europe is expected to show a steady rise in the ROS based robot market due to the rapidly increasing adoption of ROS based robot in logistic and warehouse, defense and security, public relation, agriculture, healthcare, and others in this region.
The ROS based robot market comprising of various market players such as ABB Ltd, FANUC, KUKA AG, Yaskawa Electric Corporation, Denso, Microsoft, Omron Corporation, Universal Robotics, Clearpath Robots, iRobot Corporation, Rethink Robotics, Stanley Innovation, and Husarion. These market players are adopting various joint venture strategies and planning expansion of business across various regions to maintain their dominance in the ROS based robot market.
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