Swarm Robotics Market Highlights 2020 – 2030
The swarm robotics market is estimated to grow at a robust CAGR over the forecast period, i.e., 2021 – 2030. The growth of the market can be attributed to the growing adoption of swarm based drones in the military, rising use of swarm intelligence to solve big data problems and increasing applications of this technology in transportation business. It is calculated that the United States will dominate the weaponized military drones market till 2029. U.S.A is predicted to purchase more than 900 drones by the end of 2029. part from these, high demand for swarm robotics in warehouses and increase in use of robotics in airlines are also expected to drive growth to the market in the coming years. Furthermore, wide adoption of embedded processes of swarm intelligence in retail logistics operations offer ample growth opportunities to the market in the near future.
The market is segmented by model into particle swarm optimization, ant colony optimization, and others, out of which, the segment for ant colony optimization is anticipated to hold the largest share in the swarm robotics market on account of the rising acceptance of this algorithm in real time applications for providing optimal solutions and its ability to search among a population in parallel. Additionally, on the basis of capability, the optimization segment is assessed to occupy the largest market share, which can be credited to the efficiency of optimization algorithms to solve difficult problems. Along with this, optimizing process improves the effectiveness of an organization by making them more flexible about customer requirements.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Swarm Robotics Market Regional Synopsis
On the basis of geographical analysis, the swarm robotics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America region is estimated to grab the largest market share and witness the highest CAGR over the forecast period on the back of increasing demand for route analytics and automation in retail e-commerce industry, and the increasing scope of artificial intelligence for diagnosis and treatment of diseases. Furthermore, the United States is projected to be a major contributor to the market growth in the region owing to the high military expenditure. The United States has spent the largest amount on military in the last five years. The amount totaled to more than USD 775 billion in the year 2020. Moreover, Asia Pacific is also evaluated to witness significant market growth during the forecast period, which can be ascribed to intensifying technological developments in the robotics sector in the region, especially in countries such as China, Japan, Korea and India.
The swarm robotics market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Our in-depth analysis of the swarm robotics market includes the following segments:
- Particle Swarm Optimization
- Ant Colony Optimization
- Rising Adoption of Swarm Based Drones in the Military
- Increasing Applications of Swarm Technology in Transportation Business
- Low Awareness About this Technology in Developing Nations
Top Featured Companies Dominating the Market
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Unanimous A.I., Inc.
- Swarm Technology
- Axon Enterprise, Inc.
- Schaefer Systems International Pvt Ltd
- Web Value GmbH
- Power-Blox AG
- Sentien Robotics