Simultaneous Localization and Mapping (SLAM) Technology Global Market Report 2023: Sector to Reach $1.2 Billion by 2027 at a 27.5% CAGR

DUBLIN, April 19, 2023 /PRNewswire/ -- The "Simultaneous Localization and Mapping (SLAM) Technology: Global Market Outlook" report has been added to  ResearchAndMarkets.com's offering.

The global SLAM market was estimated to be worth $245.1 million in 2021. The market is projected to grow at a CAGR of 27.5%, and it is forecast to reach $1.2 billion by 2027. The need for autonomous vehicles has been significantly driving the SLAM market. Major demand is from the UAVs industry, where these have been becoming popular for real-time mapping, monitoring and surveillance applications.

Increasing applications of SLAM technology in augmented reality (AR) applications, coupled with the rising demand for service robots from domestic applications (e.g., logistic warehouses, agriculture, households), along with the defence and security and government sectors, is boosting the market growth.

The challenges in SLAM implementation, however, are currently hindering market growth. The emergence of autonomous vehicles and the growing demand for self-operating drones and beyond visual-line-of-sight (BVLOS) operations are projected to provide new opportunities in the market, thereby enhancing future growth for SLAM.

The loop closure issue, which must be solved using visual information in situations that last a lifetime due to dynamic elements, lighting, weather or seasons, is one challenge to which the SLAM technology is linked. The algorithms used in these environments also take a great deal of time. They are inefficient, so they are only used in limited environments, which can impede the market's expansion.

In this report, the global SLAM market has been segmented based on type, technology, application and geography. Based on type, the SLAM market has been categorized into two-dimensional (2D) SLAM and three-dimensional (3D) SLAM. The 2D segment is dominating the market, with 72.4% of the market share, due to its increased usage in industrial and residential robot applications. Based on technology, the market has been segmented into EKF SLAM, graph-based SLAM, fast SLAM and others. EKF-based SLAM accounted for the dominant share, with 58.2% in the market, attributed to its increased use over other algorithms, as it exhibits consistent behaviour in terms of state variables. It also has limited
algorithm complexity over other technologies.

Report Includes

• An overview of the global market outlook for simultaneous localization and mapping (SLAM) technology
• Estimation of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projections of compound annual growth rates (CAGRs) through 2028
• Highlights of the market potential for SLAM market by offering, type, application, and region
• Information on "chicken and egg" problem and discussion on how this problem can be resolved with the help of SLAM technology
• Coverage of macroeconomic factors of the SLAM market and impact analysis of COVID-19 and Russia-Ukraine War on SLAM
• Assessment of the market dynamics and key technological developments in SLAM technology, as well as identification of market trends, opportunities, and challenges affecting the market
• Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
• Company profiles of major players within the industry, including Alphabet Inc., Amazon Robotics, Apple Inc., Clearpath Robotics Inc., and Intel Corp.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Technological Opportunities and Market Opportunities
4.1 Technological Opportunities
4.1.1 Navigation
4.1.2 Advertising
4.1.3 Retail
4.1.4 Building Information Modeling
4.2 Market Opportunities
4.2.1 Growing Demand for Drones in Military and Commercial Applications
4.2.2 Emergence of Autonomous Vehicles

Chapter 5 Market Breakdown by Type, Technology and Application
5.1 Slam Market, by Type
5.1.1 Two-Dimensional Lam
5.1.2 Three-Dimensional Slam
5.2 Slam Market by Technology
5.2.1 EKF Slam
5.2.2 Graph-Based Slam
5.2.3 Fast Slam
5.2.4 Others
5.3 Slam Market by Application
5.3.1 Unmanned Aerial Vehicles
5.3.2 Robotics
5.3.3 Automotive
5.3.4 Augmented Reality and Virtual Reality
5.3.5 Others

Chapter 6 Market Breakdown by Region
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest of the World

Chapter 7 Competitive Landscape
7.1 Top Companies
7.2 Key Developments

Chapter 8 Company Profiles

Chapter 9 Project Scope and Methodology
9.1 Scope of Report
9.2 Research Methodology
9.3 Geographic Breakdown
9.4 Analyst's Credentials
9.5 Related Research Reports

Companies Mentioned

• Aethon Inc.
• Alphabet Inc.
• Amazon Robotics
• Apple Inc.
• Clearpath Robotics Inc.
• Meta Platforms Inc.( Facebook Inc)
• Fetch Robotics Inc.
• Intel Corp.
• Kudan Inc.
• Maxst Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/j0uess

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