Market Highlights
Global robot operating system market is projected to reach a worth of USD 276 million by 2023. This growth rate is expected to grow at a 10.91% CAGR during the forecast period 2018–2023. Expanding industrialization, growing prospects IoT, grater adoption of automation among SMEs, and large companies are cited as the prime reasons behind this. Growing application of automation technology is also one of the factors behind the growing scenario of Global robot operating system market
Noteworthy developments in artificial intelligence technology are expected to enrich the Global robot operating system market in forthcoming years. Greater rate of adoption of robots of industrial-scale can also be a major factor contributing to the growth of the Global robot operating system market. It is also evident that emphasis is more on adoption of automation technology in modern times. With robotics expected to remain enriched with voice and language, technology can make the market even more enchanting over the world.
Demand for faster communication across industries can be cited as one of the major reasons behind the growing global robot operating system market. Advancing robot OS can also be one of the factors behind this. In upcoming days, this segment is expected to be more affordable, contributing towards the Global robot operating system market. Additionally, many industries adopting Industry 4.0 standards, which make automation one of the crucial parts, add further towards the growth of global robot operating system market.
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Segmentation:
The global robot operating system market can be segmented based on type, vertical, and region.
Based on type, the global robot operating system market can be segmented into industrial and commercial. Industrial robots can be further segmented into SCARA, articulated robots, cartesian robots, and linear robots. Similarly, commercial robots can be sub-segmented into stationary and portable robots.
Based on vertical, the global robot operating system market can be segmented into healthcare, automotive, aerospace & defense, retail, agriculture, electronics, food & packaging, rubber & plastics, and logistics.
Geographically, the global robot operating system market can be segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
Regionally, the global robot operating system market can be segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Among these, North America is considered the most dominant in the global robot operating system market. This is followed by Europe, Asia-Pacific, and RoW. It is here to note that Europe was the second-highest revenue generating market in 2018.
Greater adoption of IoT and noteworthy adoption of industry 4.0 are the major reasons behind the enriching global robot operating system market in Europe.
Asia-Pacific is estimated to grow with the fastest CAGR during the forecast period powered by automation among the industries.
Industry news
Reportedly, global robot operating system market will remain steady due to various reasons, including greater adoption of automation technology. It is expected to remain the most significant in North America, followed by the European markets. Asia Pacific is projected to grow at highest CAGR during forecast period.
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Robot Operating System Market Research Report, by Vertical (Agriculture, Automotive, Aerospace, Electronics, Healthcare, Retail, and Logistics), by Type (Industrial (SCARA, Articulated, and Cartesian), Commercial (Stationary)) — Global Forecast till 2027
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