Swarm Robotics Market size was over USD 821.2 million in 2023 and is anticipated to reach USD 20.12 billion by 2036, growing at around 27.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of swarm robotics is estimated at USD 1 billion.
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.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
27.9% |
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Base Year Market Size (2023) |
USD 821.2 million |
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Forecast Year Market Size (2036) |
USD 20.12 billion |
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Regional Scope |
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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 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.
Our in-depth analysis of the global market includes the following segments:
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Model |
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Capability |
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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 is expected to account for largest revenue share by 2036, on the back of increasing demand for route analytics and automation in retail e-commerce industry, and 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.
Author Credits: Dhruv Bhatia
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