The Swarm Intelligence Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Swarm Intelligence Global Market Report 2024, The swarm intelligence market size is expected to see exponential growth in the next few years. It will grow to $0.23 billion in 2028 at a compound annual growth rate (CAGR) of 40.8%. The growth in the forecast period can be attributed to expansion of IoT ecosystem, smart cities initiatives, distributed energy systems, precision agriculture, and autonomous logistics and supply chain. Major trends in the forecast period include explainable swarm intelligence, swarm robotics in construction, swarms in space exploration, swarm intelligence for environmental monitoring, and swarm learning in education.
Rising security concerns and cyber threats are expected to propel the growth of the swarm intelligence market going forward. Security concerns and cyber threats refer to potential risks that can adversely impact the security, integrity, or confidentiality of an information system or the information it contains or disrupt digital life in general. Swarm algorithms can analyze massive datasets to identify abnormal patterns, potentially revealing security breaches and cyberattacks in real-time. For instance, in January 2024, according to American Advisors Group, a US-based reverse mortgage company, there were 53.35 million US citizens affected by cybercrime in the first half of 2022. Further, cybercrime is expected to cost UK businesses an average of $5339 (£4200) in 2022. Therefore, rising security concerns and cyber threats are driving the growth of the swarm intelligence market.
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The swarm intelligence market covered in this report is segmented –
1) By Model: Ant Colony Optimization, Particle Swarm Optimization, Other models
2) By Capability: Optimization, Clustering, Scheduling, Routing
3) By Application: Robotics, Drones, Human Swarming
4) By End-User Industry : Transportation And Logistics, Robotics And Automation , Healthcare, Retail (Digital Ecommerce)
Major companies operating in the Swarm Intelligence market are developing innovative technological products, such as drone swarming capabilities, to increase their profitability in the market. Drone swarming capability refers to the ability of a large group of multiple unmanned aerial vehicles (UAVs) or drones to fly together as a unified and coordinated entity. For instance, in October 2023, Shield AI, a US-based aerospace and defense company, launched V-BAT Teams for intelligent, swarming’ drone capabilities. It allows multiple V-BATs to read and respond to the operational environment, allowing them to autonomously carry out missions in electronically contested environments. It offers warfighters cost-effective, round-the-clock, all-encompassing coverage across wide geographic areas to locate, target, and repair thousands of enemy assets in electronically contested, operational areas. Because of its scalability, the technology can support hundreds or even thousands of aircraft in future deployments, starting with smaller formations.
The swarm intelligence market report table of contents includes:
1. Executive Summary
2. Swarm Intelligence Market Characteristics
3. Swarm Intelligence Market Trends And Strategies
4. Swarm Intelligence Market – Macro Economic Scenario
5. Global Swarm Intelligence Market Size and Growth
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31. Swarm Intelligence Market Other Major And Innovative Companies
32. Global Swarm Intelligence Market Competitive Benchmarking
33. Global Swarm Intelligence Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Swarm Intelligence Market
35. Swarm Intelligence Market Future Outlook and Potential Analysis
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