[FURL=https://www.industryarc.com/Research/Swarm-Intelligence-Market-Research-505414?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Swarm Intelligence Market[/FURL] The global Swarm Intelligence Market is estimated to surpass $250 million mark by 2026, growing at an estimated CAGR of more than 38.9% during the forecast period 2021 to 2026. Swarm Intelligence is one of artificial intelligence technologies that is used in the operations where systematic algorithms have to be applied. Increasing usage of robots, automation and drones which need high performance and high efficiency is expected to drive the market. Increased adoption of drone swarms in defense is major factor that drives the market. Rising demand for swarms in autonomous vehicles and various swarm intelligence such as ant colony optimization, particle swarm optimization as well as artificial fish optimization for parcel delivery through drones, increasing adoption of the technology for solving big data problems are some of the factors for growth of market.Key Takeaways
The Swarm intelligence market is estimated to witness substantial growth over the forecast period primarily due to the Increasing usage of swarm intelligence for solving the location problems, rising adoption of swarm-based drones in the military is expected to grow in the forecasted period.
Increased operational cost, high travel times are the major reasons which drive swarm intelligence to resolve the issue which in turn improves the market growth.
Swarm Intelligence market will have the substantial growth in the North America especially in US region for Defence and military.
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Swarm Intelligence Market Segment Analysis – By Geography
North America dominates the market with a share of over 45.2% in 2020. APAC is expected to grow and will have the highest growth rate in the forecast period. Huge investments in Military and Defence by North America attributes to the the growth of the market. In APAC, China and Japan are major driving economies for the growth of swarm intelligence market. Increased adoption of robotics and drones in turn attributes to the growth. Europe and ROW follow showing substantial growth during the forecast period due to rising awareness of the capabilities of swarm intelligence.
Swarm Intelligence Market Drivers
Increased adoption of Robots and AI in the military and defence sector
Rising Labor Costs amidst the Aging Workforce to Boost the Robotic swarm Demand
Swarm Intelligence Market Landscape
Swarm intelligence consists of few major players in the market. Sentien Robotics, Swarm Systems, Swarm Technology, and Unanimous A.I., Valutico, Axonai, Brainalyzed, Dobots, Enswarm, Hydromea SA, Mobileye, Netbeez, Power-Blox, Queen B Robotics, Resson Aerospace and others.
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