01-Mar-2021 | Zion Market Research
As per researchers at Zion Market Research, the global swarm intelligence market is likely to reach USD 446.2 million by the end of 2025, developing at a CAGR of over 40% during the forecasted period 2019–2025. Considering factors such as the commercialization of technology over the estimated period the market is expected to grow. Driven by the augmenting use of swarm intelligence for solving huge data problems, the increasing implementation of swarm-based drones across the military segment and the requirement for swarm intelligence in the transportation business, the market is expected to register high growth in the future. The movement of goods & logistics alongside various routes surges the operational price for business, coupled with the travel time. This creates the need for analytical representations that can be solved with the swarm model, thus driving the demand for swarm intelligence in the future.
Some of the key players in the market are xDoBots , Hydromea SA, Enswarm, Sentien Robotics, LLC, Power-Blox AG, Unanimous A.I., Inc., Swarm Technology, LLC, Raytheon Inc., Lockheed Martin Corporation, Valutico, and Northrop Grumman.
Emergence Of Optimization Algorithm In The Transportation & Logistics Sector To Drive The Global Swarm Intelligence Market
The surging usage of swarm intelligence for solving the location issues coupled with the augmented implementation of swarm-based drones in the military is likely to stimulate the demand for its use in the transportation & logistics segment. In transportation, the raised operational costs for business, plus high travel time has catered the requirement for analytical representations that can be solved by utilizing the “Ant Colony Optimization” algorithm of swarm intelligence for optimizing the route, which will further impel the development of the market across the transportation segment during the forecasted period. The embedded process of swarm intelligence in retail logistics presents huge opportunities for e-commerce contenders to computerize their delivery services in their operating regions.
The global swarm intelligence market is bifurcated on the basis of model, capability, application, and regional analysis. Based on the model, the market is divided into particle swarm optimization, ant colony optimization, and others. Based on the capability, the market is divided into clustering, optimization, routing, and scheduling. Based on the application, the market is divided into drones, robotics, and human swarming.
North America Region Projected To Witness Massive Growth In The Global Swarm Intelligence Market
Based on geographical analysis, the global swarm intelligence market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The surging demand for automation & route analytics owing to the automation across the retail e-commerce segment is considered to be mounting at a very high pace in the developing countries, which is anticipated to drive the market growth over the forecast period.
Browse the full “Swarm Intelligence Market - By Model (Particle Swarm Optimization, Ant Colony Optimization, And Others), By Capability (Clustering, Optimization, Routing, And Scheduling), By Application (Drones, Robotics, And Human Swarming), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/swarm-intelligence-market
The global swarm intelligence market is segmented as follows:
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