SLAM Technology Market Size – USD 149.6 Million in 2019, Market Growth - CAGR of 38.5%, Market Trends – The rise in the autonomous vehicle's adoption
The global SLAM Technology Market is forecasted to be worth USD 1,829.4 Million by 2027 is gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence. The largest market over the forecast timeline is accounted for by the 2D segment due to SLAM technology's wide utilization in industrial robotics.
The global simultaneous localization and mapping (SLAM) technology market is forecasted to grow significantly, owing to UAV applications' rising adoption. The growing prevalence of mapping technology is anticipated to further propel the market growth over the forecasted timeframe. Besides, the rapid adoption of autonomous vehicles worldwide is also expected to augment the market over the forecasted timeline. Over the forecast timeline, the robotics segment is anticipated to hold the largest market with a CAGR of 38.6% due to SLAM technology's extensive use in many robotics applications for accurate outdoor and indoor location tracking
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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.
The report offers a detailed research study of the SLAM Technology market. It also takes into account the competitive landscape, market competition, segmentation, leading regions, regional growth, market size, and other factors crucial for the market in the forecast period. The study gives data pertaining to manufacturing processes, cost analysis, pricing structure, and other studies imperative for understanding the SLAM Technology market.
The rising adoption of UAV applications and the growing prevalence of mapping technology is driving the demand for the market.Over the forecasted timeframe, the mining industry is likely to hold the largest market. The factors driving the market growth comprise a notable increase in the substantial level of risk control and risk reduction accomplished by integrating SLAM technologies.
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Type Outlook (Revenue, USD Million; 2017-2027)
Graph-Based
Extended Kalman Filter
Fast
Application Outlook (Revenue, USD Million; 2017-2027)
UAV
Autonomous Vehicle
Robotics
The global SLAM Technology Market is forecasted to be worth USD 1,829.4 Million by 2027, according to a current analysis by Emergen Research. Furthermore, the report provides a comprehensive overview of the SLAM Technology market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. Increasing demand for safe and precise drug delivery systems is a key driver expected to drive global drug infusion systems market revenue growth over the forecast period. Increasing application of drug infusion systems for chronic pain management is expected to further propel revenue growth of the global drug infusion systems market in the near future.
The report classifies the global SLAM Technology market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
The Global SLAM Technology Market Research Report published by Reports and Data has been formulated by analysis of key business details and extensive geographical spread of the SLAM Technology industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the SLAM Technology market along with crucial statistical data about the SLAM Technology market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies
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