MarkNtel Advisors recently published a detailed industry analysis of the Simultaneous Localization and Mapping (SLAM) Technology Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Simultaneous Localization and Mapping (SLAM) Technology Market (2023-2028)
The Global Simultaneous Localization and Mapping (SLAM) Technology Market is valued at USD 262.73 Million in 2022 and is projected to grow at a CAGR of around 43.14% during the forecast period, i.e., 2023-28.
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What is driving the Simultaneous Localization and Mapping (SLAM) Technology Market?
Rising Adoption of Autonomous Vehicles Worldwide – The increasing focus of the automobile industry on developing autonomous vehicles is anticipated to drive the demand for SLAM technology. It is primarily because the technology facilitates accurate and real-time mapping of the surroundings, enabling vehicles to navigate safely and make informed decisions. For instance, Google’s subsidiary Waymo has prioritized Simultaneous Localization and Mapping technology in a bid to elevate its research on autonomous cars. This includes refining and upgrading the SLAM algorithms, sensor fusion techniques, and real-time mapping capabilities to improve accuracy and efficiency while providing users with a safer environment.
Further, the technology heavily relies on sensor technologies such as cameras, lidars, and depth sensors. Thus, the ongoing advancements in these sensors, including accuracy, range, and affordability, will further enhance the capabilities and adoption of the technology. For example, In May 2023 NavVis, the global leader in reality capture and digital factory solutions, announced the launch of NavVis VLX 3, equipped with two brand-new, 32-layer lidars and powered by a unique precision SLAM technology that sets it apart in achieving dependable and highly accurate survey results.
What segments define the Simultaneous Localization and Mapping (SLAM) Technology Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type
EKF SLAM, Fast SLAM, Graph-Based SLAM, Others,
By Application
(UAV and Robots AR/VR, Autonomous Vehicles, Other Applications),
By Offering
(2D SLAM, 3D SLAM Centers),
By Region
(North America, South America, Europe, Middle East & Africa, Asia-Pacific)
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Who are the leading key players shaping the Simultaneous Localization and Mapping (SLAM) Technology Market landscape?
Aethon Inc., Amazon Robotics, Apple Inc., Ascending Technologies, ClearPath Robotics, Gestalt Robotics, Google LLC, Hi-tech Robotic Systemz Ltd, Kudan Inc, Locus Robotics, MAXST Developers, Meta Technologies Inc, Microsoft Corporation, Parrot SA, Rethink Robotic
Questions Addressed in this Study
1.What factors are driving the Simultaneous Localization and Mapping (SLAM) Technology Market growth?
2.How is the Simultaneous Localization and Mapping (SLAM) Technology Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Simultaneous Localization and Mapping (SLAM) Technology Market?
4.What is the current size of the Simultaneous Localization and Mapping (SLAM) Technology Market, and how is it projected to change in the future?
6.What is the future outlook for the Simultaneous Localization and Mapping (SLAM) Technology Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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