Global SLAM Technology Market: Focus on Platform (Robot, Unmanned Aerial Vehicle, Augmented Reality, and Autonomous Vehicle) and End-Users - Analysis & Forecast, 2018-2027

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Sep 26, 2018, 20:00 ET

LONDON, Sept. 26, 2018 /PRNewswire/ -- Global SLAM Technology Market Anticipated to Reach $8.23 Billion by 2027

The SLAM technology market is expected to witness a robust growth rate in the forecast period.The SLAM technology used across industries has experienced continuous technological advancement and the accuracy has significantly improved.

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Their increased adoption across robots, UAVs, and augmented reality applications is expected to drive the market in the forecast period.The demand across platforms has experienced a significant rise in the recent years and the trend is anticipated to continue in the next few years, owing to their greater accuracy and minimal hardware requirement.

The rising number of industries moving over to automation across emerging nations and UAVs application gaining traction is expected to open several new opportunities for the SLAM technology market in the years to come.

The major platforms where SLAM technology is used include robots, UAVs, augmented reality, and autonomous vehicle. Major end-users where SLAM technology based platforms are used include commercial, household, manufacturing and logistics, and military.

The following points provide a concrete description of the report content and the topics covered in the report:
• This report identifies the SLAM technology market in different segments such as platform, end-user, and geography.
• The study includes the market analysis and forecast of the global SLAM technology market from 2017 to 2027 in terms of value. The report also highlights the year-on-year growth of the market.
• The study talks about the prime supply side factors affecting the growth of the market along with the current and future trends in the SLAM technology market.
• The study also presents a detailed examination of the SLAM technology market along the lines of market drivers, restraints, growth opportunities, and challenges.
• The study provides detailed analysis of industry attractiveness through Porter's Five Forces analysis.
• The report also highlights the value chain of the overall SLAM technology industry.
• A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies, followed by the key players in the market. Additionally, analysis of their position in the market is also provided.
• The report also provides a detailed study of the platforms in which SLAM technology is being used such as robots, UAVs, augmented reality, and autonomous vehicles, among others.
• In this report, various end-users of SLAM technology market have also been studied. The end-users include commercial, household, manufacturing and logistics, and military.
• The SLAM technology market has been analyzed for all the geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis with respect to several major countries.
• The key market players are analyzed and profiled in detail in the Company Profiles section of the report. This section covers the business financials, company snapshots, key products & services, major developments, and finally, the individual SWOT analysis.

Executive Summary
The advent of SLAM technology can be traced back to the 1980s when it was first mentioned in a research paper.Since then significant application based developments in SLAM technology have taken place, especially in the past two decades.

The SLAM technology first came into limelight when self-driving cars, STANLEY and JUNIOR won the DARPA Grand Challenge and ranked second in the DARPA Urban Challenge in 2005.Both the cars used SLAM technology for localization and mapping of their environment.

Since then, the technology has been used in plethora of applications including self-driving cars, AR/VR kits, and industrial robots, among others.

Simultaneous Localization and Mapping (SLAM) is a technology that receives input in the form of visual data from physical world and converts the same in a form that can be understood by the machines and suitable output is produced thereafter.Before the invention of SLAM technology, the indoor machines faced the problem of localizing themselves in their surroundings and understanding map of the environment where they are operating.

This problem was referred to as chicken and egg problem as for the localization, it was necessary to have the maps of surrounding, and for mapping of the surroundings, localization was needed.This chicken and egg problem is effectively addressed by SLAM technology which simultaneously solves the problem of localization and mapping.

This made the technology extremely popular in the indoor platform applications.

The demand for SLAM technology is swiftly increasing among different end-users across the globe. The market is driven by number of factors such as rise in the automation across various industries, growing penetration of mapping technologies in domestic robots, and increasing number of augmented reality applications, among others.

The SLAM technology market accounted for a market value of $50.0 million in 2017 with robots platform holding the highest share.

Robots platform in the SLAM technology market accounted for the maximum share in the overall revenue generated in the year 2017. The significant share of the robots platform is mainly attributed to the increasing demand for robots across various industries. The market of SLAM technology across autonomous vehicles segment is expected to grow at a faster pace as compared with other platforms

North America is expected to dominate the market during the forecast period, closely followed by Europe, Asia-Pacific, and Rest of the World.The United States is the leading country in the SLAM technology market, globally and it is expected to maintain its dominance during the forecast period.

The country has the presence of several commercial and non-commercial drone camera manufacturers. Asia Pacific is expected to grow at the highest CAGR with China dominating the market in this region.

Some of the key players in the SLAM Technology market include: SLAMcore Limited, NavVis Gmbh, Inc., Wikitude GmbH., Dibotics, GESTALT Robotics GmbH, Parrot SA, Fetch Robotics Inc., Clearpath Robotics Inc., Aethon Inc., Apple Inc., Google LLC, and KUKA AG.

Countries Covered
• North America
• U.S.
• Canada
• Europe
• U.K.
• France
• Germany
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of the World
• Latin America
• Middle East and Africa

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