The rise in Research and Development (R&D) funds for industry automation, increasing implementation of collaborative modular robots, and growing participation of Small and Medium-sized Enterprises (SMEs) in developing countries are the factors driving the growth of the ROS market.
MarketsandMarkets forecasts the global Robot Operating System market size 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 ROS market is segmented on the by robot type (articulated robots; Selective Compliance Articulated Robot Arm [SCARA] robots; parallel robots; cartesian robots; and collaborative robots), application (pick and place; plastic injection and blow molding; Printed Circuit Board [PCB] handling and Information and Communications Technology [ICT]; testing and quality inspection; metal stamping and press tending; Computerized Numerical Control [CNC] machine tending; and co-packing and end of line packaging), industry (automotive; electrical and electronics; metals and machinery; plastic, rubber, and chemicals; food and beverages, healthcare; and others), and region
The driving factor for growth of the ROS market is the rising R&D funds for industry automation. Companies such as ABB and FANUC Corporation look forward to invest funds toward research and innovation. Strategies such as collaborations and acquisitions are assisting organizations that offer ROS in expanding their geographic footprints. These business expansions of major players are creating demand for the Robot Operating System. The robotic sector, through partnerships, mergers, and acquisitions, is providing companies access to the rapidly growing robotics industry.
The collaborative segment is expected to grow at the highest CAGR during the forecast period. The safety features, and benefits over other robots to perform certain light-duty tasks is driving the adoption rate 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.
The ROS deployment for pick and place is expected to grow tremendously. ROS implemented with robots is used for repetitive pick and place tasks. This offers several advantages in productivity and flexibility, by permitting the workforce to carry out more important tasks. Due to small and lightweight designs, pick and place robots are easily deployed in applications, especially in small and tight space conditions. ROS is majorly implemented across small volume production units where rearranging small and large-scale facilities wouldn’t be cost-effective.
The ROS market has been witnessing tremendous growth in China, Japan, and South Korea. These countries have a high penetration in the ROS market and provide solutions that resolve the complex queries faced by customers. The high adoption rate of digital technologies and automation, especially in China, Japan, and South Korea, has made APAC a lucrative market. The growing development in these countries is expected to provide several new opportunities for ROS vendors in APAC. The rising aging population is driving the demand for robots in countries, such as China and Japan. The increased application of robots in diverse industries, including education and healthcare, further supplements the growth of the ROS market in APAC.
The adoption of ROS across verticals, such as metal and machinery have also created significant opportunities for the market. The metal and machinery industry relies heavily on automation and robotics to control costs, boost productivity, and insulate workers from undue risks. In today’s challenging market for metal and machinery products and structural components, metal product manufacturers continue to look for new ways to streamline their operations and allocate their human workers effectively. Robotic automation solutions, not only enable them to increase production in less time and at less cost, but also to manufacture better quality products. Major application robots in the metal and machinery industry include machine tending, processing, welding, dispersing, assembly, and disassembly. The industrial robot in the metal and machinery industry also excels at bulk and heavy material handling of components for the assembly of agricultural machinery, earthmoving and construction equipment, recreation vehicles, utility trucks, and rolling stock.