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Swarm Intelligence Market Worth 447.2 Million USD by 2030


News provided by

MarketsandMarkets

20 Nov, 2017, 11:30 GMT

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PUNE, India, November 20, 2017 /PRNewswire/ --

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According to the new market research report on the "Swarm Intelligence Market by Model, Capability (Clustering, Routing, Scheduling, and Optimization), Application (Robotics, Drones, and Human Swarming), and Geography - Global Forecast to 2030" , published by MarketsandMarkets™ , the market is expected to be valued at USD 447.2 Million by 2030, growing at a CAGR of 40.47% from 2020 to 2030, considering the technology will get commercialized by 2020. The major factors driving the growth of the swarm intelligence market are increase in the usage of swarm intelligence for solving big data problems, the rising adoption of swarm-based drones in the military, and need for swarm intelligence in the transportation business.

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Browse 41 Market Data Tables and 18 Figures spread through 82 Pages and in-depth TOC on "Swarm Intelligence Market - Global Forecast to 2030" 

https://www.marketsandmarkets.com/Market-Reports/swarm-intelligence-market-149256760.html 

Early buyers will receive 10% customization on this report

Particle Swarm Optimization (PSO) model would lead swarm intelligence market during forecast period 

Particle Swarm Optimization is inspired by the social foraging behavior of some animals, such as the flocking behavior of birds and the schooling behavior of fish. The goal of the algorithm is to have all the particles locate the optima in a multidimensional space, initially assigned with random position and random velocity, gradually advancing toward the local optima through the exploration and exploitation of good, known positions in space. Particle Swarm Optimization has been widely used in various areas as it is easy to implement, and is based on a simple concept and fewer parameters.

Swarm intelligence market for drones to grow at highest CAGR during forecast period 

The swarm intelligence market for drones is expected to grow at a CAGR of 69.80% from 2020 to 2030. Drone swarms - dozens of fixed-wing drones flying in coordinated formation-could be the future of unmanned combat. Drones can be controlled from a control center; however, there may be a number of situations where drones may need to behave autonomously, requiring a level of AI that a single drone is unlikely to have the computing capacity for. Groups of drones can cover large geographic locations and carry out various, specialized tasks concurrently. Owing to these factors, their adoption would increase in the coming years.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=149256760

Optimization expected to hold largest share of swarm intelligence market by 2020 

Optimization is a way to solve the problem with the best combination of solutions under given constraints. These types of problems are hard to solve because of the availability of a large number of possible solutions. Swarm intelligence algorithms such as Particle Swarm Optimization and Ant Colony Optimization, and proprietary algorithms are used to find the best optimal solution among different solutions. For instance, nondeterministic polynomial time-hard (NP-hard) problems are those problems that are at least as hard as the hardest problems in NP.

Swarm intelligence market in RoW likely to grow at highest CAGR during forecast period 

The growth of the swarm intelligence market in this region is mainly attributed to increasing investments in the field of UAVs and the growing procurement of UAVs by the defense sector in Latin America. Further, the governments of countries such as Brazil and Argentina would be using swarm UAVs for surveillance, law enforcement, environmental monitoring, natural disaster management, and forest fire monitoring.

Inquiry Before Buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=149256760

The report profiles the most promising players in this market. The key players in this market are DoBots (Netherlands), Hydromea (Switzerland), Sentien Robotics (US), Unanimous A.I. (US), AxonAI (US), Swarm Technology (US), SSI Schäfer - Fritz Schäfer (Germany), Valutico (Austria), Enswarm (UK), and Power-Blox (Switzerland).

Browse Related Reports 

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https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-market-74851580.html

Warehouse Robotics Market by Type (Mobile, Articulated, Cylindrical, SCARA, Parallel, Cartesian), Software, Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload Capacity, Industry, and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/warehouse-robotic-market-128876258.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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