Abstract
Summary
The swarm robotics market is projected to grow from USD 0.8 billion in 2023 to USD 3.0 billion by 2028, registering a CAGR of 30.9% during the forecast period. Some of the major factors driving the growth of the swarm robotics market include the increasing use of swarm robotics for parcel delivery through drones and the rising adoption of swarm-based drones in the military sector. However, technical challenges and high initial investment act as a challenge for the market in the future. The major growth opportunities for the market players are an integration of swarm intelligence technology with connected cars and the increasing use of swarm robotics in warehouses.
"Market for agriculture end-use industry will have the highest CAGR during the forecast period."
The agriculture segment of the swarm robotics market is expected to witness the highest CAGR during the forecast period. Agriculture is one of the main applications of swarm robotics, and using these robots provides an opportunity to inspect agricultural data for large areas and highly enhance the tasks required in precision agriculture. Swarm robotics is considered extremely relevant for precision farming and large-scale agricultural applications. Increasing adoption of automation and developing IoT are driving market growth due to the growing population and labor shortage. Furthermore, increasing research and development activities by the government and market players are also driving market growth.
"Supply chain and warehouse management application expected to register the highest CAGR during the forecast period."
The swarm robotics market's supply chain and warehouse management segment is expected to account for the highest CAGR in the forecast period. Swarm robotics can enhance supply chain and warehouse management efficiency, accuracy, and flexibility. These applications can lead to reduced operational costs, faster order processing, improved customer satisfaction, and better warehouse space and resource utilization. The increasing demand for swarm robots in supply chain and warehouse management is driven by the growing development of manufacturers and the rising trend of automation in various industries.
"North America to account for the highest market share among other regions during the forecast period."
North America is expected to dominate the swarm robotics market during the forecast period. Increased R&D activities in the field of swarm intelligence would drive the growth of the swarm robotics market in North America. Further, the increasing demand for autonomous and semi-autonomous systems in the military, healthcare, and industrial sectors is driving the market growth. Moreover, the growing availability of advanced sensors and communication technologies is creating an opportunity for the market. Furthermore, the initiatives by various players in the market and government are also driving the market growth.
In determining and verifying the market size for several segments and subsegments gathered through extensive primary interviews, secondary research has been conducted with key industry experts in the swarm robotics market.
The break-up of primary participants for the report has been shown below:
• By company type: Tier 1 - 35 %, Tier 2 - 45%, and Tier 3 - 20%
• By designation: C-Level Executives - 35%, Managers - 25%, and Others - 40%
• By region: North America - 45%, Europe - 20%, Asia Pacific - 30%, and RoW - 5%
The report profiles key players in the swarm robotics market with their respective market ranking analyses. Prominent players profiled in this report include Hydromea (Switzerland), Boston Dynamic (US), SwarmFarm (Australia), Swarm Technology (US), Sentien Robotics (US), Berkeley Marine Robotics (US), Swisslog Holding AG (Switzerland), FARobot, Inc. (Taiwan), K-Team Corporation (Switzerland), KION Group AG (Germany), among others.
Research Coverage
This research report categorizes the swarm robotics market based on platform, application, end-use industry, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the swarm robotics market and forecasts the same till 2028. The report also consists of leadership mapping and analysis of companies in the swarm robotics ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall swarm robotics market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (rising adoption of swarm-based drones in military sector, the development of new technologies, such as artificial intelligence and machine learning, and use of swarm robotics for parcel delivery through drones), restraints (technical challenges and high initial investment), opportunities (integration of swarm intelligence technology with connected cars and use of swarm robotics in warehouses), and challenges (lack of skilled workforce and low awareness about swarm intelligence and Reluctance to accept new technology by key industries) influencing the growth of the swarm robotics market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the swarm robotics market
• Market Development: Comprehensive information about lucrative markets – the report analyses the swarm robotics market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the swarm robotics market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product/service offerings of leading players like Hydromea (Switzerland), Boston Dynamic (US), SwarmFarm (Australia), Swarm Technology (US), K-Team Corporation (Switzerland), among others in the swarm robotics market.
Table of Contents
1 INTRODUCTION 18
1.1 STUDY OBJECTIVES 18
1.2 MARKET DEFINITION 19
1.2.1 INCLUSIONS AND EXCLUSIONS 19
1.3 STUDY SCOPE 20
1.3.1 MARKETS COVERED 20
1.3.2 GEOGRAPHICAL SCOPE 20
1.3.3 YEARS CONSIDERED 21
1.4 CURRENCY CONSIDERED 21
1.5 STAKEHOLDERS 21
1.6 LIMITATIONS 22
1.7 IMPACT OF RECESSION 22
2 RESEARCH METHODOLOGY 23
2.1 INTRODUCTION 23
2.1.1 SECONDARY DATA 24
- 2.1.1.1 Major secondary sources 24
- 2.1.1.2 Key data from secondary sources 25
2.1.2 PRIMARY DATA 25
- 2.1.2.1 Key data from primary sources 26
- 2.1.2.2 Breakdown of primaries 26
2.1.3 SECONDARY AND PRIMARY RESEARCH 27
- 2.1.3.1 Key industry insights 28
2.2 MARKET SIZE ESTIMATION 28
2.2.1 BOTTOM-UP APPROACH 29
2.2.2 TOP-DOWN APPROACH 29
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 30
2.4 RESEARCH ASSUMPTIONS 31
2.5 RESEARCH LIMITATIONS 31
2.6 RISK ASSESSMENT 32
2.6.1 RECESSION IMPACT 32
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SWARM ROBOTICS MARKET 36
4.2 SWARM ROBOTICS MARKET, BY PLATFORM 36
4.3 ASIA PACIFIC: SWARM ROBOTICS MARKET, BY END-USE INDUSTRY AND REGION 37
4.4 SWARM ROBOTICS MARKET, BY COUNTRY 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 39
5.2 MARKET DYNAMICS 39
5.2.1 DRIVERS 40
- 5.2.1.1 Rising adoption of swarm-based drones in military sector 40
- 5.2.1.2 Breakthroughs in artificial intelligence and machine learning 40
- 5.2.1.3 Revolutionizing parcel delivery through drones 41
5.2.2 RESTRAINTS 41
- 5.2.2.1 Technical challenges and high initial investment 41
5.2.3 OPPORTUNITIES 42
- 5.2.3.1 Integrating swarm intelligence in connected cars 42
- 5.2.3.2 Growing use of swarm robotics in warehouses 42
5.2.4 CHALLENGES 43
- 5.2.4.1 Lack of skilled workforce 43
- 5.2.4.2 Limited industrial awareness 43
5.3 VALUE CHAIN ANALYSIS 44
5.4 ECOSYSTEM MAPPING 45
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 46
5.6 PRICING ANALYSIS 46
5.6.1 AVERAGE SELLING PRICE (ASP) OF UAVS OFFERED BY KEY PLAYERS 47
5.7 TECHNOLOGY ANALYSIS 48
5.7.1 SWARM ROBOTS IN CONSTRUCTION INDUSTRY 48
5.7.2 NANOROBOTS IN MEDICINE 48
5.7.3 AI-CONTROLLED DRONE SWARM 48
5.8 CASE STUDY ANALYSIS 48
5.8.1 HYDROMEA SA DESIGNED AUV SYSTEM TO ADDRESS CHALLENGES RELATED TO MEASUREMENT, NAVIGATION, AND COMMUNICATION 48
5.8.2 WOODSIDE DEPLOYED BOSTON DYNAMICS’ SPOT ROBOT TO AUTOMATE ROUTINE INSPECTION AT NATURAL GAS FACILITY 49
5.9 PATENT ANALYSIS 49
5.9.1 LIST OF MAJOR PATENTS 51
5.10 TRADE ANALYSIS 53
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 54
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 54
5.11.2 BUYING CRITERIA 55
5.12 PORTER’S FIVE FORCES ANALYSIS 56
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 57
5.12.2 THREAT OF SUBSTITUTES 57
5.12.3 BARGAINING POWER OF BUYERS 57
5.12.4 BARGAINING POWER OF SUPPLIERS 57
5.12.5 THREAT OF NEW ENTRANTS 57
5.13 KEY CONFERENCES AND EVENTS, 2023-2024 57
5.14 REGULATORY LANDSCAPE 59
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO SWARM ROBOTICS 59
5.14.2 STANDARDS AND REGULATIONS RELATED TO SWARM ROBOTICS 60
6 SWARM ROBOTICS MARKET, BY PLATFORM 62
6.1 INTRODUCTION 63
6.2 UNMANNED GROUND VEHICLES (UGVS) 64
6.2.1 INCREASING ADOPTION OF UGVS FOR AGRICULTURAL INSPECTIONS, DISASTER RESPONSE, AND LOGISTICS APPLICATIONS TO DRIVE MARKET 64
6.3 UNMANNED AERIAL VEHICLES (UAVS) 65
6.3.1 GROWING USE OF UAVS FOR ENVIRONMENTAL MONITORING TO DRIVE SEGMENTAL GROWTH 65
6.4 OTHERS 66
7 SWARM ROBOTICS MARKET, BY TYPE 67
7.1 INTRODUCTION 67
7.2 DRONES 67
7.2.1 INCREASING USE OF DRONES FOR SEARCH AND RESCUE, ENVIRONMENTAL MONITORING, AND SURVEILLANCE APPLICATIONS TO DRIVE MARKET 67
7.3 ROBOTS 68
7.3.1 RISING ADOPTION OF SWARM ROBOTS TO PERFORM LARGE, SCALABLE TASKS TO DRIVE MARKET 68
7.4 OTHERS 68
8 SWARM ROBOTICS MARKET, BY APPLICATION 69
8.1 INTRODUCTION 70
8.2 SECURITY, INSPECTION, AND MONITORING 71
8.2.1 GROWING INSPECTION OF CRITICAL INFRASTRUCTURES WITH DRONES TO DRIVE MARKET 71
8.3 MAPPING AND SURVEYING 73
8.3.1 USE OF SWARM ROBOTS TO MAP USAFE AND DIFFICULT ENVIRONMENTS TO SUPPORT SEGMENTAL GROWTH 73
8.4 SEARCH & RESCUE AND DISASTER RELIEF 75
8.4.1 NEED FOR REAL-TIME SEARCH AND RESCUE TO FUEL ADOPTION OF SWARM ROBOTS 75
8.5 SUPPLY CHAIN AND WAREHOUSE MANAGEMENT 76
8.5.1 USE OF DRONES IN SHIPPING AND DELIVERY APPLICATIONS TO FOSTER MARKET GROWTH 76
8.6 OTHERS 78
9 SWARM ROBOTICS MARKET, BY END-USE INDUSTRY 80
9.1 INTRODUCTION 81
9.2 MILITARY & DEFENSE 82
9.2.1 GROWING USE OF DRONES IN ANTI-AIRCRAFT DEFENSE APPLICATIONS TO DRIVE MARKET 82
9.3 INDUSTRIAL 84
9.3.1 INDUSTRY 4.0 REVOLUTION TO DRIVE MARKET GROWTH 84
9.4 AGRICULTURE 85
9.4.1 INCREASING ADOPTION OF SWARM ROBOTS IN PRECISION FARMING APPLICATIONS TO SUPPORT MARKET GROWTH 85
9.5 HEALTHCARE 87
9.5.1 GROWING USE OF SWARM ROBOTICS FOR REMOTE HEALTHCARE TO DRIVE MARKET 87
9.6 OTHERS 89
10 SWARM ROBOTICS MARKET, BY REGION 91
10.1 INTRODUCTION 92
10.2 NORTH AMERICA 94
10.2.1 US 96
- 10.2.1.1 Growing adoption of swarm robotics technology in military & defense to drive market 96
10.2.2 CANADA 96
- 10.2.2.1 Government-led initiatives to encourage adoption of robots to drive market 96
10.2.3 MEXICO 97
- 10.2.3.1 Increasing deployment of swarm robotics by military sector to augment market growth 97
10.2.4 IMPACT OF RECESSION ON SWARM ROBOTICS MARKET IN NORTH AMERICA 97
10.3 EUROPE 97
10.3.1 UK 100
- 10.3.1.1 Growing use of swarm robotics for agricultural applications to fuel market growth 100
10.3.2 GERMANY 100
- 10.3.2.1 Innovations in autonomous underwater vehicles to drive market 100
10.3.3 FRANCE 101
- 10.3.3.1 Increasing investments in development of smart factories to fuel demand for swarm robotics 101
10.3.4 ITALY 101
- 10.3.4.1 Increasing demand for autonomous underwater vehicles in military applications to propel market growth 101
10.3.5 REST OF EUROPE 101
10.3.6 IMPACT OF RECESSION ON SWARM ROBOTICS MARKET IN EUROPE 101
10.4 ASIA PACIFIC 102
10.4.1 CHINA 105
- 10.4.1.1 Increasing research and development activities to drive market 105
10.4.2 JAPAN 105
- 10.4.2.1 Increasing usage of multi-swarm robotics technology in various industrial applications to boost market 105
10.4.3 INDIA 106
- 10.4.3.1 Increasing adoption of swarm robotics in military sector to support market growth 106
10.4.4 AUSTRALIA 106
- 10.4.4.1 Demand from agriculture and military industries to substantiate market growth 106
10.4.5 REST OF ASIA PACIFIC 106
10.4.6 IMPACT OF RECESSION ON SWARM ROBOTICS MARKET IN ASIA PACIFIC 106
10.5 REST OF THE WORLD 107
10.5.1 MIDDLE EAST & AFRICA 109
- 10.5.1.1 Adoption of swarm robotics in mining industry to drive market 109
10.5.2 SOUTH AMERICA 109
- 10.5.2.1 Growing adoption of industrial robotics to drive market 109
11 COMPETITIVE LANDSCAPE 110
11.1 OVERVIEW 110
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 110
11.2.1 PRODUCT PORTFOLIO 111
11.2.2 REGIONAL FOCUS 112
11.2.3 ORGANIC/INORGANIC GROWTH STRATEGIES 112
11.3 MARKET SHARE ANALYSIS, 2022 112
11.4 REVENUE ANALYSIS OF KEY PLAYERS IN SWARM ROBOTICS MARKET 114
11.5 SWARM ROBOTICS MARKET: EVALUATION MATRIX OF KEY COMPANIES 115
11.5.1 STARS 115
11.5.2 PERVASIVE PLAYERS 115
11.5.3 EMERGING LEADERS 115
11.5.4 PARTICIPANTS 115
11.6 SWARM ROBOTICS MARKET: EVALUATION MATRIX OF STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 116
11.6.1 PROGRESSIVE COMPANIES 116
11.6.2 RESPONSIVE COMPANIES 116
11.6.3 DYNAMIC COMPANIES 117
11.6.4 STARTING BLOCKS 117
11.7 COMPANY FOOTPRINT 118
11.8 COMPETITIVE SCENARIOS AND TRENDS 121
11.8.1 PRODUCT LAUNCHES AND DEVELOPMENTS 122
11.8.2 DEALS 122
11.8.3 OTHERS 122
12 COMPANY PROFILES 123
12.1 KEY PLAYERS 123
12.1.1 HYDROMEA 123
12.1.2 SWARMFARM 126
12.1.3 K-TEAM CORPORATION 128
12.1.4 BOSTON DYNAMICS 130
12.1.5 SWARM TECHNOLOGY 132
12.1.6 KION GROUP AG 133
12.1.7 SENTIEN ROBOTICS 135
12.1.8 SWISSLOG HOLDING AG 136
12.1.9 BERKELEY MARINE ROBOTICS INC 138
12.1.10 FAROBOT, INC 139
12.2 OTHER PLAYERS 140
12.2.1 UNBOX ROBOTICS PVT. LTD 140
12.2.2 BARNSTORM AGTECH 140
12.2.3 AMBOTS 141
12.2.4 AUTONOMOUS ROBOTICS LTD 141
12.2.5 ROBOTICS IND, INC 142
12.2.6 RESSON AEROSPACE INC 142
12.2.7 MOBILEYE 143
12.2.8 ROLLS-ROYCE 144
12.2.9 GÉNÉRATION ROBOTS 145
12.2.10 CAJA 145
12.2.11 APIUM INC 146
12.2.12 AGILOX SERVICES GMBH 147
12.2.13 ECA GROUP 148
12.2.14 SRI INTERNATIONAL 149
12.2.15 EXYN TECHNOLOGIES 149
13 APPENDIX 150
13.1 DISCUSSION GUIDE 150
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 154
13.3 AVAILABLE CUSTOMIZATIONS 156
13.4 RELATED REPORTS 156
13.5 AUTHOR DETAILS 157