Swarm Intelligence Market Trends, Growth Forecast and Industry statistics till 2027 | Power-Blox AG, Sentien Robotics, LLC, Swarm Technology, LLC, Unanimous A.I., Lockheed Martin Corporation, Raytheon

The Swarm Intelligence Market is expected to be valued at USD 447.2 Million by 2027, growing at a CAGR of 40.47% from 2021 to 2027, considering the technology will get commercialized by 2020.

The Swarm Intelligence market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. Moreover, businesses can gain insights into profit growth and sustainability program with this report. The winning Swarm Intelligence market analysis report also includes detailed profiles of market’s major manufacturers and importers who are dominating the market.

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Establishing research objectives

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The estimated year considered for the study is 2020, and the forecast period is between 2021 and 2027. Driven by the increasing usage of swarm intelligence for solving big data problems, the rising adoption of swarm-based drones in the military, and need for swarm intelligence in the transportation business, the market is likely to witness high growth in the coming years. The objective of the report is to provide a detailed analysis of the market based on model, capability, application, and region. The report provides detailed information regarding the major factors influencing the growth of the market.

The research methodology used to estimate and forecast the market begins with obtaining data through secondary research, such as the Journal of Swarm Intelligence and Evolutionary Computation, newsletters, and white papers of leading players in this market. The top-down approach has been used to estimate the overall size of the swarm intelligence market. In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. For the calculation of specific market segments, the most appropriate parent market size has been used to implement the top-down approach.

The data has been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:

Players involved in the swarm intelligence market are DoBots (Netherlands), Hydromea (Switzerland), Sentien Robotics (US), Unanimous A.I. (US), AxonAI (US), Swarm Technology (US), SSI Schäfer – Fritz Schäfer (Germany), Valutico (Austria), Enswarm (UK), and Power-Blox (Switzerland).

Target Audience

Swarm intelligence component manufacturers
Original equipment manufacturers (OEMs) of swarm intelligence
Research organizations
Algorithm providers
Drone manufacturers
Robot manufacturers
Technology providers
Automotive companies
Organizations, forums, alliances, and associations related to swarm intelligence

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the overall swarm intelligence market based on model, capability, application, and geography.

Swarm Intelligence Market, by Model

Ant Colony Optimization
Particle Swarm Optimization
Others

Market, by Capability

Optimization
Clustering
Scheduling
Routing

Swarm Intelligence Market, by Application

Robotics
Drones
Human Swarming

Market, by Geography

North America
Europe
APAC
RoW

The major factors driving the growth of this market include the increasing usage of swarm intelligence for solving big data problems and the rising adoption of swarm-based drones in the military. In transportation, the movement of goods along different routes increases operational costs for business, as well as lengthens the travel time. This generates the need for analytical models that can solve such problems. Ant Colony Optimization (ACO), a swarm intelligence-based algorithm, is used to solve optimization problems. This factor would further propel the growth of the market in the transportation business during the forecast period.

This report segments the market on the basis of model, capability, application, and geography. The robotics application of swarm intelligence is expected to account for the largest market share by 2020. This is attributed to the increasing use of swarm robots in industries such as agriculture and automotive. This would drive the growth of the swarm intelligence market for robotics application in the coming years.

Ant Colony Optimization is expected to account for the largest share of the market by 2020. This can be attributed to the increasing adoption of this algorithm in real-time applications to provide optimal solutions. The market for Particle Swarm Optimization is expected to grow at the highest CAGR between 2020 and 2027.

Optimization is expected to account for the largest share of the market by 2020. Optimization is a way to solve the problem with the best combination of solutions under given constraints. These types of problems are hard to solve because of the availability of a large number of possible solutions. Swarm intelligence algorithms such as Particle Swarm Optimization and Ant Colony Optimization, and proprietary algorithms are used to find the best optimal solution among different solutions.

On the basis of geography, the swarm intelligence market has been segmented into North America, Europe, APAC, and RoW. APAC is expected to account for the largest share of the overall market by 2020. On the other hand, the market in RoW is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to increasing investments in the field of UAVs and the growing procurement of UAVs by the defense sector in Latin America.

Swarm intelligence is a technology that deals with natural and artificial systems composed of many individuals that coordinate using decentralized control and self-organization. It is based on the behavioral models of social insects such as ants, bees, wasps, and termites. The technology is still in the nascent stage; as a result, there is low awareness about this technology across the globe. Moreover, players from industries such as energy and power, retail, and IT and Telecom are reluctant to accept this technology as it is unproven.

The key players in this market are DoBots (Netherlands), Hydromea (Switzerland), Sentien Robotics (US), Unanimous A.I. (US), AxonAI (US), Swarm Technology (US), SSI Schäfer – Fritz Schäfer (Germany), Valutico (Austria), Enswarm (UK), and Power-Blox (Switzerland).

This report would help you answer the following questions:

What is the market size and forecast of the Global Swarm Intelligence Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Swarm Intelligence Market during the forecast period?
Which region outstands in the Global Swarm Intelligence Market?
Which are the segments to invest in over the forecast period in the Global Swarm Intelligence Market?
What is the competitive strategic window for opportunities in the Global Swarm Intelligence Market?
What are the technology trends and regulatory frameworks in the Global Swarm Intelligence Market?
What are the major company in the Global Swarm Intelligence Market?

Table of Contents:

1 Introduction

2 Research Methodologies

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Compliance in Swarm Intelligence Market

8 Swarm Intelligence Market, By Service

9 Swarm Intelligence Market, By Deployment Type

10 Swarm Intelligence Market, By Organization Size

11 Swarm Intelligence Market Analyses, By Vertical

12 Geographic Analyses

North America

Europe

Asia-Pacific

South America

Middle East & Africa

13 Competitive Landscapes

14 Detailed Company Profiles

15 Related Reports

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This release was published on openPR.