Apple, Clearpath Inc., Facebook, Aethon, Compnaies Profiled in SLAM Technology Market | Top Key Players are Fetch Robotics, GeoSLAM Ltd, Google, KUKA Robotics, Microsoft, NavVis, Omron Automation - Americas, Parrot, Skydio, Wikitude

SLAM Technology Market in UAV segment is anticipated to achieve a industry revenue of approximately USD 150.1 million by 2024. UAVs have been rapidly used for real-time mapping, monitoring, and assessment activities of numerous applications including surveillance, building inspection, search & rescue operations, aerial photography, precision crop monitoring, and supply of the essentials for disaster management. Although UAVs are receiving a huge adoption in the SLAM technology market, certain issues such as inaccuracy, failure, and instability of perception are hampering their adoption rates. Hence, in situations where GPS is unavailable or tasks that require high accuracy of mapping and localization, robust and accurate SLAM algorithms are adopted. In July 2016, Velodyne LiDAR partnered with Dibotics, aimed at improving drone mapping & mobile robotics. This partnership will enable Dibotics to deliver its consulting services to Velodyne LiDAR’s clients, who require Dibotic’s 3D SLAM software.

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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.

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

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.

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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.

Europe held around 29.4% of the market share in 2017 in the global SLAM technology market. The major features contributing to the growth in this region include the rising adoption of robots and UAVs in a magnitude of applications across the region. The deployment of user-friendly automation and technological advancements in the robotics field also contribute to the simultaneous localization and mapping technology market growth.

This region also showcases various growth opportunities, leading to global companies expanding their businesses in this region. For instance, in January 2018, Lyft opened its office in Germany and it was the company’s first official European expansion. This hub will focus on developing self-driving cars using the SLAM technology.

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.

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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.

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.

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