Vancouver, British Columbia, Dec. 22, 2020 (GLOBE NEWSWIRE) -- The Global SLAM Technology Market is forecast to be worth USD 1,829.4 Million by 2027, according to the current analysis by Emergen Research. Over the forecast timeline, the global SLAM technology market is projected to expand rapidly, owing to the rising demand for self-locating robotics. The increasing adoption of automation in various industries is likely to fuel market growth over the forecast period. Besides, the rise in the demand for drones in defense and commercial applications is anticipated to boost the market growth in the coming years.
However, technological issues related to implementing the system are expected to impede market growth during the forecast timeframe.
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Key Highlights From The Report
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- During the forecast timeframe, the Fast segment is expected to dominate the market with a CAGR of 38.6%. The key advantage of fast SLAM is that it is feasible to incorporate total reversal delivery into a product to deliver landmark and redistribution of vehicle paths, which will provide reliable position analysis.
- In the forecast period, the UAV sub-segment is expected to experience substantial growth. UAVs are commonly used in real-time to monitor, record, and analyzes various applications, like research, asset monitoring, relief efforts, satellite imagery, reliable crop monitoring, and important disaster management service.
- It is expected that the commercial segment will expand steadily over the forecast period. The main reason for this is the continual development in semiconductors, wireless connectivity technologies, and Geolocation network devices for virtual reality & augmented reality.
- The Asia Pacific region is expected to experience the fastest market growth in the forecast timeline. Key drivers leading to the regional market growth are increased need for scanning, the growing prominence of unmanned aerial vehicles, and increasing augmented reality implementations.
- Key participants include Apple Inc., Microsoft Corporation, Facebook, Inc., Alphabet Inc., Aethon Inc., Fetch Robotics, Inc., Intel Corporation, Amazon Robotics (Kiva Systems), Skydio, Inc., and Clearpath Robotics, Inc. among others.
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Emergen Research has segmented the global SLAM Technology Market based on type, offering, application, end-use, and region:
- Type Outlook (Revenue: USD Million; 2017-2027)
- Graph-Based
- Extended Kalman Filter
- Fast
- Offering Outlook (Revenue: USD Million; 2017-2027)
- 2D
- 3D
- Application Outlook (Revenue: USD Million; 2017-2027)
- UAV
- Autonomous Vehicle
- Robotics
- Augmented Reality
- Virtual Reality
- Others
- End-Use Outlook (Revenue: USD Million; 2017-2027)
- Automotive
- Defense
- Mining
- Manufacturing
- Agriculture
- Logistics
- Forestry
- Commercial
- Household
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- Regional Outlook (Revenue: USD Million; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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