PUBLISHER: The Business Research Company | PRODUCT CODE: 1527147
PUBLISHER: The Business Research Company | PRODUCT CODE: 1527147
Swarm robotics entails the coordination of numerous autonomous robots, often in significant quantities, to collectively complete tasks, drawing inspiration from the collective behaviors of social insects such as ants and bees. This approach enhances productivity and expedites tasks through the utilization of parallelism and distributed computation, thereby benefiting various applications including search and rescue missions, environmental monitoring, and exploration.
The primary platforms utilized in swarm robotics comprise unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs), and similar platforms. Unmanned ground vehicles (UGVs) are robotic systems designed to operate on land without human presence, and swarm UGVs collaborate to efficiently cover expansive areas, exchange real-time information, and synchronize actions for intricate missions. These swarm robots find application in diverse sectors such as security, inspection, monitoring, mapping, surveying, search and rescue operations, disaster relief, supply chain and warehouse management, alongside military, defense, industrial, agricultural, healthcare, and other domains.
The swarm robotics market research report is one of a series of new reports from the business research company that provides swarm robotics market statistics, including swarm robotics industry global market size, regional shares, competitors with an swarm robotics market share, detailed swarm robotics market segments, market trends and opportunities, and any further data you may need to thrive in the swarm robotics industry. This swarm robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 experienced during the historical period can be credited to the increased implementation of automation within industries, the rising demand for unmanned systems, heightened investments in research and development, and the utilization of such technologies in defense and security domains.
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 rise of 5G and edge computing, the demand for precise agricultural solutions, incorporation with the Internet of Things (IoT), the expansion of smart city endeavors, and acceptance in healthcare and emergency services. Prominent trends anticipated in the forecast period encompass varied applications, integration with artificial intelligence and machine learning, bio-inspired algorithms, collaborative swarms, edge computing, and connectivity.
The swarm robotics market is poised for growth due to increasing demand for smart manufacturing. Smart manufacturing integrates IoT, AI, and automation to optimize production processes, responding to market demands for efficiency and productivity. This trend is fueled by the necessity for enhanced operational efficiency, cost reduction, and agility. Swarm robotics in smart manufacturing facilitates collaborative and flexible automation, boosting production efficiency and adaptability. For example, according to a December 2022 report by Conexus Indiana, a US-based manufacturing industry, the adoption of smart technologies surged by 35% compared to 2021, with a concurrent 13% rise in companies allocating budgets for technology adoption and strategic roadmaps. Consequently, the demand for smart manufacturing is set to propel the swarm robotics market.
Key players in the swarm robotics market are increasingly leveraging advanced AI and machine learning algorithms, such as AI-powered robotic mining systems, to enhance efficiency, safety, and extraction rates in mining operations. These systems employ multiple autonomous robots coordinated through AI and swarm algorithms to perform mining tasks efficiently and safely. For instance, Robotics Plus Ltd., a New Zealand-based agricultural technology company, introduced AI-powered swarm robots for precision farming in January 2023. These robots operate in squads, significantly increasing versatility in new mine operations within months and eliminating carbon footprints associated with mining activities by employing precision mining techniques instead of conventional explosive methods.
In October 2023, Rockwell Automation Inc., a US-based provider of industrial automation and digital transformation solutions, acquired Clearpath Robotics Inc. and its OTTO Motors division to bolster its portfolio of advanced robotics solutions. Clearpath Robotics Inc., a Canada-based company specializing in swarm robotic systems research and development, was strategically acquired to strengthen Rockwell Automation's position in the evolving automation market.
Major companies operating in the swarm robotics market are The Boeing Company, Rolls-Royce Holdings PLC, KION GROUP AG, Idaho National Laboratory, Ecole Polytechnique Federale 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
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.
The countries covered in the swarm robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The swarm robotics market consists of revenues earned by entities by providing services such as development, deployment, maintenance, and support of swarm robotics systems, as well as related consulting and training services. The market value includes the value of related goods sold by the service provider or included within the service offering. The swarm robotics market also includes sales of hardware components such as robots, sensors, and communication modules, as well as software solutions for swarm intelligence, control algorithms, and simulation tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Swarm Robotics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on swarm robotics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for swarm robotics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The swarm robotics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.