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SLAM Technology Market Forecasts 2018-2024 Top Key Players: Apple, Clearpath Inc., Facebook, Aethon, Fetch Robotics, GeoSLAM Ltd, Google, KUKA Robotics, Microsoft, NavVis, Omron Automation - Americas, Parrot, Skydio, Wikitude

10-27-2018 10:44 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Simultaneous Localization and Mapping (SLAM) Technology Market

Simultaneous Localization and Mapping (SLAM) Technology Market

The 2D motion segment dominated the SLAM technology market in 2017. 2D motion is being widely used in robot mapping technologies but is unable to produce 3D information. Landmarks not falling within their measurement plane cannot be observed, leading to a growth in the demand for 3D motion SLAM. In 2014, Google introduced Cartographer for performing real-time SLAM in 2D and 3D across numerous platforms and sensor configurations. The cartographer is used in a large number of applications from mapping transit hubs and museums to enabling new visualizations of buildings, expanding its use in the SLAM technology market.

Simultaneous Localization and Mapping (SLAM) Technology Market in the 3D motion segment is projected to grow at the fastest rate over the forecast timespan. The 3D technology is rapidly being adopted by various applications including AR, UAV, and robotics. With an increase in the adoption of handheld devices, the Handheld Augmented Reality (HAR) introduces AR to numerous consumers. These devices lack the potential to get the precise 3D positioning of the objects as they are unable to correctly map the 3D environment. The usage of SLAM enables exact 3D positioning of virtual objects to the actual environment with improved efficiency and reduced time, accelerating its demand in the market.

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The commercial sector dominates the global SLAM technology market with an industry revenue of USD 22.2 million in 2017 anticipated to reach USD 933.4 million by 2024. Various industries using the SLAM technology include healthcare, hospitality, construction, service, education, automotive, retail, and wholesale departments. The healthcare department requires image guidance systems for performing critical surgeries.

These systems must be capable of displaying a detailed computer-based 3D visualization that enables the surgeon to rotate the 3D model on the computer for gaining an enhanced understanding of the location of the robot with respect to the anatomical target. The existing image guidance systems have limited functionality with certain restraints, such as inaccuracy and inefficiency, to convey all the available information. The adoption of SLAM technology in the medical systems enhances their accuracy in estimating dynamic information and gives precise inferences of deformation during surgeries.

Various companies operating in the SLAM technology market are also entering into strategic partnerships to expand their 3D SLAM mapping technology. For instance, in July 2017, NavVis, a leading indoor mapping, navigation, and visualization company partnered with Engie, a leading facility management service provider. This partnership will enable Engie to deliver a comprehensive digital solution using the NavVis advanced technology in its facility management service portfolio. Engie will provide 3D mapping and scanning using the company’s M3 Trolley, providing customers an access to a 3D digital model using the SLAM technology.

Simultaneous Localization and Mapping Technology Market in the autonomous vehicles segment is anticipated to grow at the fastest rate over the forecast period. Autonomous driving involves various critical tasks, such as navigation, planning, and collision avoidance, which cannot be fulfilled by sparse map representations. To obtain dense maps, SLAM technology has been used to produce highly accurate maps. Google’s driverless cars employ the SLAM technology that uses roof-mounted LiDAR sensors for creating a 3D map of their surroundings.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Apple
2. Clearpath Inc.
3. Facebook
4. Aethon
5. Fetch Robotics
6. GeoSLAM Ltd
7. Google
8. KUKA Robotics
9. Microsoft
10. NavVis
11. Omron Automation – Americas
12. Parrot
13. Skydio, Wikitude

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SLAM Technology Market, By Motion

o 2D
o 3D

SLAM Technology Market, By Platform

o Robot
o UAV
o Augmented Reality (AR)
o Autonomous Vehicle

SLAM Technology Market, By Application

o Commercial
o Household
o Military
o Agriculture & Forestry
o Mining
o Manufacturing & Logistics

The robot platform dominates the SLAM technology market and held around 94.7% of the market share in 2017. These robots perform complex tasks that need navigation in dynamic and intricate indoor and outdoor surroundings without any human support. With the integration of SLAM technology, the robots have become technologically advanced, offering precise and flexible solutions, making them a preferred choice for a wide range of applications.

North America dominates the global SLAM technology market with an industry share of 50.5% in 2017. The major factor contributing to the growth include the presence of several drone manufacturers in this region. Being home to some of the leading SLAM solution providers including Apple and Google, the region is presenting new growth prospects for advanced adoption of the SLAM technology.

The Asia Pacific SLAM technology market is anticipated to grow at the fastest rate due to the presence of a large number of electronics and automotive industries with low manufacturing cost units. The increasing demand for automation in various sectors including healthcare, manufacturing, logistics, and agriculture and the rising aging population also contribute to the market growth.

Market expansion and new product developments are the main strategies adopted by the enterprises operating in the SLAM technology market. The prominent companies functioning in the industry include Aethon Inc., Apple, Ascending Technologies GmbH, Clearpath Inc., DIBOTICS, Facebook, Fetch Robotics, Inc., GeoSLAM Ltd., GESTALT Robotics GmbH, Google, Inkonova, Kudan, KUKA Robotics, Microsoft Corporation, NavVis, Omron Automation - Americas, Parrot, Skydio, SMP Robotics, VIAMETRIS, and Wikitude.

Browse key industry insights spread across 200 pages with 328 market data tables & 36 figures & charts from the report, Simultaneous Localization and Mapping (SLAM) Technology Market in detail along with the table of contents:

https://bit.ly/2IL0ypq

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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