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Thursday, June 24, 2021

Robot Operating System Market worth $287.04 million by 2023 | CMR

Last updated Wednesday, February 7, 2018 11:26 ET

The Robot Operating System Market was worth USD 138.34 million in the year 2014 and is expected to reach approximately USD 287.04 million by 2023

Las Vegas, United States, 02/07/2018 / SubmitMyPR /

The Robot Operating System Market was worth USD 138.34 million in the year 2014 and is expected to reach approximately USD 287.04 million by 2023 while registering itself at a compound annual growth rate (CAGR) of 8.45% during the forecast period. The worldwide robot operating system market is anticipated to encounter a critical development over the figure time frame. The market is anticipated to be impacted by increasing allocations on innovations and research.

Key Players in Market:
BB Group
Clearpath Robots
Husarion Inc.
Stanley Innovation
OmromAdept Technology Inc.
Cyberbotics Ltd. Rethink Robots
Yaskawa Motoman
KUKA AG
iRobot Technologies
Fanuc Corporation.

Market Scenario:
The worldwide robot operating systems market is segmented into commercial and Industrial, on the basis of applications. Again, the Commercial section can be subdivided into Healthcare, Hospitality, Retail, Agriculture and farming, others. Again, the industrial section is subdivided into Automotive, Electronics, Information Technology, Food and Packaging, Rubber and Plastics, Logistics and Warehousing and Others.

North America held a significant share of the Robot Operating Systems (ROS) Industry in 2014 due to the increasing applications of ROS in various fields and rising funding’s from venture capital companies. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards this market but can experience favorable growth in coming years owing to increase in disposable income in the region.

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