Dublin, April 21, 2023 (GLOBE NEWSWIRE) — The “Simultaneous Localization and Mapping (SLAM) Technology: Global Market Outlook” report has been added to by ResearchAndMarkets.com offering.
The increase in SLAM technology applications in augmented reality (AR) applications, coupled with the increasing demand for service robots from domestic applications (for example, logistics warehouses, agriculture, households) , along with the defense and security and government sectors, are fueling the growth of the market. .
SLAM implementation challenges, however, are currently hindering market growth. The emergence of autonomous vehicles and the growing demand for self-operating drones and beyond visual-line-of-sight (BVLOS) operations are expected to provide new opportunities in the market, thus fosters future growth for SLAM.
The global SLAM market is estimated to be worth $245.1 million in 2021. The market is expected to grow at a CAGR of 27.5%, and it is estimated to reach $1.2 billion in 2027. driving the SLAM market. Major demand comes from the UAV industry, where it has become popular for real-time mapping, monitoring and surveillance applications.
The issue of closing the loop, which must be solved using visual information in situations that last a lifetime due to dynamic elements, lighting, weather or seasons, is a challenge in which SLAM technology is involved. The algorithms used in these environments also take a lot of time. They are not effective, so they are only used in limited environments, which prevents market expansion.
In this report, the global SLAM market is segmented based on type, technology, application and geography. Based on type, the SLAM market is categorized into two-dimensional (2D) SLAM and three-dimensional (3D) SLAM. The 2D segment dominates the market, with 72.4% market share, due to its increasing use in industrial and residential robot applications. Based on technology, the market is segmented into EKF SLAM, graph-based SLAM, fast SLAM and others. EKF-based SLAM accounts for the dominant share, with 58.2% of the market, due to the increase in its use over other algorithms, as it shows consistent behavior in terms of state variables. It is also limited
algorithmic complexity of other technologies.
Report Includes
- An overview of the global market outlook for simultaneous localization and mapping (SLAM) technology.
- Market size estimation and market trends analysis, with data from 2022, estimates for 2023 and compound annual growth rates (CAGRs) estimates until 2028
- Market potential highlights for SLAM market by offering, type, application, and region
- Information about the “chicken and egg” problem and a discussion of how this problem can be solved with the help of SLAM technology
- Coverage of macroeconomic factors in the SLAM market and analysis of the impact of COVID-19 and the Russia-Ukraine War on SLAM
- Assess market dynamics and key technological developments in SLAM technology, as well as identify market trends, opportunities, and challenges affecting the market.
- Market share analysis of leading companies in the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
- Company profiles of major players within the industry, including Alphabet Inc., Amazon Robotics, Apple Inc., Clearpath Robotics Inc., and Intel Corp.
Main Topics:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Technological Opportunities and Market Opportunities
4.1 Technological Opportunities
4.1.1 Navigation
4.1.2 Advertising
4.1.3 Sales
4.1.4 Building Information Modeling
4.2 Market Opportunities
4.2.1 Growing Demand for Drones in Military and Commercial Applications
4.2.2 Emergence of Autonomous Vehicles
Chapter 5 Market Breakdown by Type, Technology and Application
5.1 Slam Market, by Type
5.1.1 Two-Dimensional Lam
5.1.2 Three Dimensional Slam
5.2 Slam Market by Technology
5.2.1 EKF Slam
5.2.2 Graph-Based Slam
5.2.3 Quick Slam
5.2.4 Others
5.3 Slam Market by Application
5.3.1 Unmanned Aerial Vehicles
5.3.2 Robotics
5.3.3 Automotive
5.3.4 Augmented Reality and Virtual Reality
5.3.5 Others
Chapter 6 Market Breakdown by Region
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 World Rest
Chapter 7 Competitive Landscape
7.1 Leading Companies
7.2 Principal Improvements
Chapter 8 Company Profiles
Chapter 9 Project Scope and Procedure
9.1 Scope of the Report
9.2 Research Methodology
9.3 Geographic Breakdown
9.4 Analyst Credentials
9.5 Related Research Reports
Companies Mentioned
- Aethon Inc.
- Alphabet Inc.
- Amazon Robotics
- Apple Inc.
- Clearpath Robotics Inc.
- Meta Platforms Inc. (Facebook Inc.)
- Get Robotics Inc.
- Intel Corp.
- Kudan Inc.
- Maxst Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/228l94
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