According to a new report, published by KBV research, The Global Swarm Robotics Market size is expected to reach $5.3 billion by 2030, rising at a market growth of 30.3% CAGR during the forecast period.
The Industrial segment is registering a CAGR of 30% during (2023 - 2030). Robots can self-organize and collaborate to accomplish complex tasks. As a result, manufacturing processes become more efficient, as robots can swiftly identify and resolve any issues. The robots can be programmed to avoid potentially hazardous environments, such as assembly lines and power tools. This facilitates the maintenance of safety standards and reduces the likelihood of worker injury. In addition, the use of swarm robotics helps companies reduce their energy costs. Therefore, all these factors will assist in the higher demand in the segment.
The Security, Inspection & Monitoring segment is leading the Global Swarm Robotics Market, by Application in 2022, achieving a market value of $1.9 billion by 2030. Increasing industry demand for reduced cost, time, and risk for inspectors is driving a rise in the adoption of drones to inspect critical infrastructure. The leading companies offering swarm robots for security, inspection, and monitoring applications include Hydromea SA, Boston Dynamic, Berkeley Marine robots, and others.
The Unmanned Aerial Vehicles (UAV) segment is poised to grow at a CAGR of 30.7% during (2023 - 2030). Rapid drone and robotics technology advances have created smaller, more capable, and more cost-effective drones. These developments have made it possible to develop UAV swarm robots that are more capable and well-coordinated. These developments will contribute to increasing the segment's future demand.
The North America region dominated the Global Swarm Robotics Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.0 billion by 2030. The Europe region is anticipated to grow at CAGR of 30.1% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 31.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/swarm-robotics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hydromea SA, Unboxrobotics Labs Private Limited, SwarmFarm Robotics, Rolls-Royce plc, Sentien Robotics, Berkeley Marine Robotics Inc., Swisslog Holding AG, FARobot, Inc., AGILOX Services GmbH and KION GROUP AG.
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