SWARM INTELLIGENCE MARKET ANALYSIS

Swarm Intelligence Market, By Model (Ant Colony Optimization (ACO), Particle Swarm Optimization (PSO), and Others), By Application (Robotics, UAV, and Human Swarming), and by Geography - Global Industry Insights, Trends, Outlook, Opportunity Analysis, 2022-2028

To Be Published : Sep 2024
Code : CMI1382
Formats :
Excel and PDF
Industry : Information and Communication Technology

Regional Analysis

North America Swarm intelligence market is estimated to hold dominant position in 2017

On the basis of geography, the global swarm intelligence market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is estimated to hold dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period. India, China, and Japan are some of the major economies driving the growth of swarm intelligence market in this region. Increasing adoption of robotics in Asia Pacific region is one of the major factor driving growth of the swarm intelligence market. For instance, according to International Federation of Robotics, in 2016, annual shipments of multipurpose industrial robots was 190,542 units and is projected to reach 354,400 units by 2020 with a CAGR of 15% from 2018 - 2020.