(MENAFN- America News Hour) Research Nester published a report titled “Swarm Robotics Market : Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global swarm robotics market in terms of market segmentation by model, capability, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The swarm robotics market is projected to grow at a robust CAGR during the forecast period, i.e., 2021 – 2030. The growth of the market is primarily driven by the staggering adoption of swarm-based drones in the military, increasing usage of swarm intelligence to solve big data problems and growing applications of the technology in transportation business. Furthermore, rising adoption of swarm intelligence's embedded processes in retail logistics is also estimated to boost market growth in the near future.
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The market is segmented by model and capability. On the basis of model, the segment for ant colony optimization is anticipated to hold the largest market share over the forecast period as a result of increasing acceptance of the algorithm in real time applications. Additionally, by capability, the optimization segment is anticipated to hold the largest market share owing to the high efficiency of optimization algorithms to solve difficult problems.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the swarm robotics market in North America is expected to hold the largest market share and witness the highest growth during the forecast period attributing to the escalating demand for automation and route analytics in retail e-commerce industry and growing scope of AI in the medical sector in the region.
Growing Acceptance of Swarm Based Drones in Military to Boost Market Growth
Robotics serves various purposes in military such as explosive disarmament, rescue task, lethal combat duties and fire support. Military robots are predicted to manage a wider range of combat tasks and provide as an effective backup during heavy artillery fire for lowering the number of casualties. This is the major factor that is projected to drive market growth in the upcoming years.
However, lack of awareness about swarm robotics in developing countries is expected to operate as key restraint to the growth of the swarm robotics market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global swarm robotics market which includes company profiling of Hydromea SA, DoBots, Unanimous A.I., Inc., Swarm Technology, Axon Enterprise, Inc., Schaefer Systems International Pvt Ltd, Web Value GmbH, Enswarm, Power-Blox AG, Sentien Robotics, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the swarm robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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