Overview and Scope
Swarm robotics involves the coordination of multiple autonomous robots, typically in large numbers, to accomplish tasks collectively, inspired by the collective behavior of social insects like ants and bees. It boosts productivity and speeds up tasks by leveraging parallelism and distributed computation, benefiting diverse applications like search and rescue missions, environmental monitoring, and exploration.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The swarm robotics market report table of contents includes:
1. Executive Summary
2. Swarm Robotics Market Characteristics
3. Swarm Robotics Market Trends And Strategies
4. Swarm Robotics Market – Macro Economic Scenario
5. Global Swarm Robotics Market Size and Growth
………
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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