Posted in | Industrial Robotics

ROS-Based Robot Market Expected to Grow at a CAGR of 20.02% During 2019-2024

The "Global ROS-based Robot Market: Focus on ROS Application in Different Type of Robot (Service and Industrial) - Analysis and Forecast, 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The ROS-Based Robot Industry Analysis projects the market to grow at a significant CAGR of 20.02% during the forecast period from 2019 to 2024.

Asia-Pacific dominated the global ROS-based industrial robot market with a share of 74% in 2019. Europe, including the major countries, such as the U.K., Germany, France, Spain, and Italy, is the most prominent region for the ROS-based service robot market. In Europe, France acquired a major market share in 2019, due to the setup of new start-ups of service robot in the region.

The global ROS-based market has gained widespread importance in service and industrial robots due to the increasing demand for productivity and quality at the workplace, increasing need for automation in various industries, growing need for robots in defense and security, and increasing concerns for labor safety and human error.

Increase in research and development activities and growth opportunities across developing countries are likely to increase opportunities for the ROS-based robot market. However, complexity and lack of safety associated with ROS-based robots along with unmapped navigation environments are expected to hamper the overall growth of the ROS-based robot market.

Expert Quote

The proliferation in the adoption of open-source operating system in industrial and service robot has resulted in the reduction of development cost and time for robotic applications as it enables the robotic application developers to reuse the programming code.

Scope of the Market Intelligence

The ROS-based robot market research provides detailed market information for ROS-based robots and covers global robotic industry outlook, comparative analysis of ROS1.0 and ROS2.0, and futuristic outlook for ROS. The purpose of this market analysis is to examine the ROS-based robot market outlook in terms of factors driving the market, trends, technological developments, and funding scenario, among others.

The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market. The ROS-based robot market report is a compilation of different segments including market breakdown by industrial robots, service robots, and region.

Market Segmentation

The ROS-based robot market (on the basis of industrial robots application) is further segmented into automotive, electrical/electronics, metal and machinery, rubber and plastic, pharmaceutical and cosmetics, food and beverages, and others. The automotive segment dominated the global ROS-based robot market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).

The ROS-based robot market on the basis of service robot is segmented into professional and personal/domestic. The professional segment is further segmented into logistic and warehouse, defense and security, public relation, agriculture, healthcare, and others. The personal/domestic segment has been further segmented into household, and entertainment and leisure. ROS-enabled service robots dominated the global ROS-based robot market in 2018 and is anticipated to maintain its dominance throughout the forecast period.

The ROS-based market is segregated by region under four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided.

Key Companies

The key market players in the global ROS-based robot market include ABB Ltd., Clearpath Robotics, Comau SpA, Denso Robotics, Inc., Fanuc Corporation, Husarion, Inc., iRobot Corporation, Kuka AG, Nachi Robotic Systems, Inc., Omron Adept Technologies, Rethink Robotics GmbH, Stanley Innovation, Inc., Staubli International AG, Yaskawa Motoman, and YRG, Inc.

Source: https://www.researchandmarkets.com/

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