ABB Ltd (Switzerland), FANUC (Japan) are leading players in Robot Operating System Market
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.
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.
To know about the assumptions considered for the study download the pdf brochure
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.
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.
Related Reports:
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
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
