Global $465 Million Simultaneous Localization and Mapping (SLAM) Market to 2023
DUBLIN, Dec 12, 2018 /PRNewswire/ --
The "Simultaneous Localization and Mapping Market by Offering, Type, Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The SLAM market is projected to reach USD 465 million by 2023 from USD 101 million in 2018, growing at a CAGR of 35.77%, during the forecast period.
The growth of this market can largely be attributed to the advancements in visual SLAM algorithm, growth of SLAM in augmented reality (AR), and growing demand for self-locating robotics in homes and enterprises. However, the limitation of SLAM in dynamic environments is expected to restrict the market's growth to a certain extent.
Market for AR/VR to register highest growth during forecast period
Huge middle-class population, along with rising disposable income, in developing countries will act as a growth catalyst in these counties. This, in turn, is expected to drive the SLAM market during the forecast period. Advancements in SLAM technology, like improving mapping accuracy, flexibility from cloud services, and better user experience compared to its counterpart (marker-based technology) are expected to propel the growth of SLAM in AR/VR applications during the forecast period.
Market for Fast SLAM to register highest growth during forecast period
The market for Fast SLAM is expected to register the highest CAGR. Fast SLAM produces accurate maps in extremely large environments and environments with substantial data association ambiguity. Fast SLAM is an efficient algorithm for autonomous navigation of mobile devices. Improving accuracy of localization and mapping and reduced hardware requirements for the process using Fast SLAM support the increasing penetration of mapping technologies in domestic robots and rising number of AR applications, which are expected to tailwind the rapid growth of this type.
APAC to register highest growth during forecast period
Advancements in artificial intelligence (AI) have attracted investments from both private and public sectors in APAC. Many companies are trying to identify untapped areas of commercial applications in the region, which would enable optimal utilization of AI.
Key Topics Covered:
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption
3 Executive Summary
4 Premium Insight
4.1 Attractive Opportunities in SLAM Market
4.2 SLAM Market, By Type
4.3 SLAM Market, By Country
4.4 SLAM Market in APAC in 2018, By Country & Application
4.5 SLAM Market, By Offering
4.6 SLAM Market, By Application
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Demand for Self-Locating Robotics in Homes and Enterprises
5.1.1.2 Advancements in Visual SLAM Algorithm
5.1.1.3 Growth of SLAM in Augmented Reality (AR)
5.1.2 Restraints
5.1.2.1 Unpredictable Performance and Reliability in Untested Environments
5.1.2.2 Limitation of SLAM in Dynamic Environments
5.1.3 Opportunities
5.1.3.1 Growing Demand for Drones in Military and Commercial Applications
5.1.3.2 Proliferation of Cloud-Based Visual SLAM for Outdoor Applications
5.1.3.3 SLAM for Smartphones
5.1.3.4 Increasing Aging Population in Europe and Japan Will Offer Significant Growth Opportunities to Autonomous Home Service Robots
5.1.4 Challenge
5.1.4.1 Incorrect Initialization and Loop Closure Can Significantly Alter SLAM Accuracy
5.1.4.2 Complex Design of Data Association in Visual SLAM
6 SLAM Market, By Type
6.1 Introduction
6.2 EKF SLAM
6.2.1 Most Widely Used SLAM Technology
6.3 Fast SLAM
6.3.1 an Efficient Algorithm for Autonomous Navigation of Mobile Devices
6.4 Graph-Based SLAM
6.4.1 Graph-Based SLAM Majorly Used for Package Delivery, Search & Rescue, and Traffic Surveillance
6.5 Others
7 SLAM Market, By Offering
7.1 Introduction
7.2 2D SLAM
7.2.1 Use of 2D SLAM in Dimensional Measurement Applications Results Into Increasing Levels of Accuracy
7.3 3D SLAM
7.3.1 3D SLAM Used in Wide Range of Applications for Real-Time Positioning Over Long Distances
8 SLAM Market, By Application
8.1 Introduction
8.2 Robotics
8.2.1 SLAM in Residential Robotic Vacuum Cleaners to Increase Indoor Mapping Accuracies
8.3 UAV
8.3.1 Increasing Demand for SLAM-Based Delivery Drones in Logistics Industry
8.4 AR/VR
8.4.1 SLAM Technology is Gaining Traction in Advanced AR/VR Platform
8.5 Automotive
8.5.1 Real Time Localization and Mapping in Autonomous Vehicles to Drive SLAM Market
8.6 Others
9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Increasing Funds for Startups to Imply the AI Technology in Autonomous Drones and Other Flying Vehicles
9.2.2 Canada
9.2.2.1 Huge Investments on Advanced Robotics and Space Exploration Technologies
9.2.3 Mexico
9.2.3.1 Increasing Government Initiatives to Promote the Growth of Automotive Industry in the Country
9.3 Europe
9.3.1 UK
9.3.1.1 Government Initiatives to Create Favorable Environment That Drives the Utility of Drones in Private Sector
9.3.2 Germany
9.3.2.1 Germany an Innovation Hub for OEMs Bolsters the Growth of Semi-Autonomous and Autonomous Vehicles Market
9.3.3 France
9.3.3.1 Several Product and Solution Launches in the Field of Robotics and Unmanned Aerial Vehicles (UAVs)
9.3.4 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Increasing Partnerships With Leading Giants to Develop SLAM Solutions for Various Verticals
9.4.2 Japan
9.4.2.1 Government Support and Strong Organic Growth Capabilities Expected to Promote the Growth of Ai-Enabled Robots in Japan
9.4.3 South Korea
9.4.3.1 Increasing Adoption of SLAM Solutions in Consumer Robots and Robotic Vacuum Cleaners
9.4.4 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Increasing Demand for Deployment of SLAM Solutions in Automotive and Drones Markets
9.5.2 Middle East & Africa
9.5.2.1 Potential for Investments in Augmented Reality/Virtual Reality Technologies
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis: Simultaneous Localization and Mapping Market
10.3 Competitive Situations and Trends
10.3.1 Product/Solution Launches
10.3.2 Partnerships/Collaborations
11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 Intel
11.2.2 Alphabet
11.2.3 Amazon Robotics
11.2.4 Apple
11.2.5 Microsoft
11.2.6 Clearpath Robotics
11.2.7 Aethon
11.2.8 The Hi-Tech Robotic Systemz
11.2.9 Facebook
11.2.10 Intellias
11.2.11 MAXST
11.3 Other Important Players
11.3.1 Magic Leap
11.3.2 Rethink Robotics
11.3.3 Skydio
11.3.4 NavVis
11.3.5 Mobile Industrial Robots ApS
For more information about this report visit https://www.researchandmarkets.com/research/2nkk7l/global_465?w=5
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