According to a recent report by MarketsandMarkets™, the swarm robotics market is projected to experience significant growth in the coming years. The market is expected to increase from USD 0.8 billion in 2023 to USD 3.0 billion by 2028, with a compounded annual growth rate (CAGR) of 30.9%. This growth can be attributed to several factors, including the adoption of swarm-based drones in the military sector, the development of new technologies like artificial intelligence and machine learning, and the increasing use of swarm robotics in warehouses.
The military and defense sector is expected to be the largest consumer of swarm robotics in 2023. This is due to the applications of swarm robotics in defense and security scenarios, such as reconnaissance, surveillance, and battlefield operations. The US Navy, for example, is working on developing drone swarms for combat situations. Additionally, the US is accelerating the development of autonomous drone swarm technologies through its DARPA AMASS program. These advancements have proven effective in simulations and real-life scenarios, further driving the market for swarm robotics.
The use of unmanned ground vehicles (UGVs) is also expected to contribute significantly to the growth of the swarm robotics market. The UGV segment is projected to account for the largest share in the industry in 2023. UGV-based swarm robotics offer numerous benefits, including reducing injuries by minimizing the involvement of human soldiers in battles and enhancing mobility in challenging environments. The increasing adoption of UGV-based swarm robotics in military, agriculture, and other industries is driving the market growth.
Asia Pacific is anticipated to witness the highest compound annual growth rate in the swarm robotics market during the forecast period. The demand for autonomous underwater vehicles (AUVs) for mine exploration and oceanographic studies has been increasing in the region. Additionally, the rising military capabilities of developing countries like South Korea and India are driving the demand for AUVs and, consequently, the swarm robotics market.
Key players in the swarm robotics market include Hydromea, Boston Dynamic, SwarmFarm, Swarm Technology, Sentien Robotics, and more.
Overall, the swarm robotics market is poised for significant growth in the coming years. The increasing adoption of swarm-based technologies in various sectors, including the military and defense industry, coupled with advancements in artificial intelligence and machine learning, will be key drivers of this growth.
Sources:
– MarketsandMarkets™ report: Swarm Robotics Market
– MarketsandMarkets™ website
– The US Navy’s drone swarm development and DARPA AMASS program