|03-22-2018 09:36 PM CET - Advertising, Media Consulting, Marketing Research||
Swarm Intelligence Market is on Rise. Watch Out Latest Trends and Issues Globally!
Press release from: Xpodence Research
The varied factors fuelling the swarm intelligence market growth are the rising use of swarm intelligence for solving the problems of big data, the increasing rate of adoption of swarm-based drones in the military, and requirement for swarm intelligence in the business of transportation. However, the major factor restricting the market growth is the unwillingness to accept new technology.
The study of the manner in which several number of rather simple and physically embodied agents can be designed in a way that desired collective behavior comes out from the local interactions among agents as well as between agents and the environment is referred to as swarm robotics. Robots in a swarm can be utilized to locate the target in a manner that the final distribution is directly proportional to the target qualities. Some algorithms offer the robot swarm with scalability pertaining to the number of robots as well as targets, and with adaptability to a non-uniform distribution of the target qualities. This factor would promote the expansion of the swarm intelligence market in the future years.
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The global swarm intelligence market report can be segmented based on model, capability, application, and geography. Among the different market segments, the robotics application of swarm intelligence is anticipated to command the largest market share in the forecast years. This can be attributed to the rising usage of swarm robots in industries such as agriculture as well as automotive. This would fuel the market growth of the swarm intelligence market for robotics application in the future years.
Depending upon geography, the swarm intelligence market can be divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Asia-Pacific region is estimated to command the largest market share of the global swarm intelligence market in the forecast years. On the other hand, the Latin American and Middle East and African market is projected to grow at the swift rate during the forecast years. The major factor promoting the growth of the swarm intelligence market in this regional market is majorly attributed to rising investments in the UAVs sector and the rising procurement of UAVs by the defense field in Latin American region.
The Asia-Pacific regional market is likely to command a major share of the global swarm intelligence market. Among the various Asia-Pacific market countries, China is regarded as one of the major revenue contributors. The swarm intelligence market growth in the Asia-Pacific region is owing to the high rate of adoption of swarm-based drones in the military arena. In the month of June, 2017, China launched a swarm of over 119 fixed-wing UAVs.Also, the Chinese military is planning to launch "armed drones" as a new battle technique. This would further fuel the growth of the swarm intelligence market in this region.
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The major players in the swarm intelligence market include Swarm Technology, DoBots, AxonAI, Sentien Robotics, Unanimous A.I., SSI Schäfer - Fritz Schäfer , Hydromea, Enswarm, Valutico, and Power-Blox.
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This release was published on openPR.
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