The swarm robotics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Swarm Robotics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The swarm robotics market size has grown exponentially in recent years. It will grow from $0.84 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 31.3%. The growth in the historic period can be attributed to increased automation in industries, demand for unmanned systems, a rise in investments in R&D, and applications in the defense and security sectors.
The swarm robotics market size is expected to see exponential growth in the next few years. It will grow to $3.30 billion in 2028 at a compound annual growth rate (CAGR) of 31.4%. The growth in the forecast period can be attributed to the emergence of 5G and edge computing, demand for precision agriculture solutions, integration with the Internet of Things (IoT), expansion of smart city initiatives, and adoption in healthcare and emergency services. Major trends in the forecast period include diverse applications, integration with AI and machine learning, bio-inspired algorithms, collaborative swarms, edge computing, and connectivity.
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Scope Of Swarm Robotics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Swarm Robotics Market Overview
Market Drivers –
The growing demand for smart manufacturing is expected to propel the growth of the swarm robotics market. Smart manufacturing integrates advanced technologies like IoT, AI, and automation to optimize production processes and supply chains for enhanced efficiency and productivity. The rising adoption of smart manufacturing is driven by the need for improved operational efficiency, cost reduction, and agility in response to dynamic market demands. Swarm robotics in smart manufacturing enables collaborative and flexible automation, enhancing production efficiency and adaptability to changing manufacturing environments. For instance, in December 2022, according to a report published by Conexus Indiana, a US-based manufacturing industry, the adoption of smart technologies saw a significant 35% increase compared to the previous year 2021, with a concurrent 13% rise in the number of companies that possess both allocated budgets for technology adoption and strategic roadmaps. Therefore, the growing demand for smart manufacturing will drive the growth of the swarm robotics market.
Market Trends –
Major companies operating in the swarm robotics market increasingly integrate advanced AI and machine learning algorithms, such as AI-powered robotic mining systems, to improve efficiency, safety, and extraction rates in underground and surface mining operations. AI-powered swarm robotic mining systems utilize multiple autonomous robots, coordinated through artificial intelligence and swarm algorithms, to efficiently and safely perform various mining operations. For instance, in January 2023, Robotics Plus Ltd., a New Zealand-based agricultural technology company, launched AI-powered swarm robots designed for precision farming tasks. These rugged and autonomous robots operate in squads, capable of producing from hundreds of tons to well over one million tons of ore annually in a single mining operation, significantly enhancing versatility in new mine operations within months instead of years. It works around the clock, leveraging machine learning in its software architecture to collaborate with and progressively learn from human experts. Moreover, the application of these fully electric robotic mining swarms promises to eliminate the carbon footprint associated with mining activities, replacing conventional explosive methods with precision mining techniques.
The swarm robotics market covered in this report is segmented –
1) By Platform: Unmanned Ground Vehicles (UGVs), Unmanned Aerial Vehicles (UAVs), Other Platforms
2) By Application: Security, Inspection And Monitoring, Mapping And Surveying, Search And Rescue And Disaster Relief, Supply Chain And Warehouse Management, Other Applications
3) By End User: Military And Defense, Industrial, Agriculture, Healthcare, Other End Users
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Regional Insights –
North America was the largest region in the swarm robotics market in 2023. The regions covered in the swarm robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the swarm robotics market are The Boeing Company, Rolls-Royce Holdings PLC, KION GROUP AG, Idaho National Laboratory, École Polytechnique Fédérale de Lausanne (EPFL), Technische Universiteit Delft, Swisslog Holding AG, Boston Dynamics Inc., Ars Electronica Futurelab GmbH, Exyn Technologies Inc., Bristol Robotics Laboratory, Scientific Systems Company Inc., DoBots B.V., Power-Blox AG, Hydromea SA, Unanimous A.I. Inc., Swarm Technology LLC, SwarmFarm Robotics Pty Ltd, Sentien Robotics LLC, Berkeley Marine Robotics, FARobot Inc., K-Team Corporation, Robotics Inventions Inc., AGILOX Services GmbH
Table of Contents
1. Executive Summary
2. Swarm Robotics Market Report Structure
3. Swarm Robotics Market Trends And Strategies
4. Swarm Robotics Market – Macro Economic Scenario
5. Global Swarm Robotics Market Size and Growth
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32. Global Swarm Robotics Market Competitive Benchmarking
33. Global Swarm Robotics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Swarm Robotics Market
35. Swarm Robotics Market Future Outlook and Potential Analysis
36. Appendix
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