Swarm Robotics Market Share

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.