Swarm Robotics Market Size

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.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of swarm robotics is estimated at USD 1 billion.

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. The market growth is impelled by rising adoption of swarm based drones in the military and increasing applications of swarm technology in transportation business.

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.

The major players in the market are DoBots, Unanimous A.I., Inc., Swarm Technology, Axon Enterprise, Inc., and others.

Swarm Robotics Market Size