openPR Logo
Press release

Worldwide Simultaneous Localization and Mapping (SLAM) Technology Market Growth By Top Companies: Facebook, Google, KUKA Robotics, Microsoft, Omron Automation – Americas, Parrot, Clearpath Inc., Fetch Robotics, GeoSLAM Ltd, NavVis, Skydio, Aethon, Apple

02-04-2019 10:35 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

North America dominates the global simultaneous localization and mapping 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 companies functioning in this region are also involved in new product development strategies for expanding their presence in the highly lucrative market. This innovation will render humans from emptying trash bins as the bins will automatically leave their place to be emptied during their pickup time. These robots use the SLAM technology to avoid obstacles and automatically navigate toward the truck on its arrival.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2928

Simultaneous Localization and Mapping Technology Market in 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.

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

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

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.

According to latest report by Global Market Insights, Inc., Global Simultaneous Localization and Mapping (SLAM) Technology Market is set to exceed USD 2 billion and is anticipated to grow at a CAGR of over 71% from 2018 to 2024. The rising technological developments and growing awareness regarding the benefits offered by the SLAM technology are primarily driving the market demand. Over the past five years, leading technology companies, such as Google, Facebook, and Amazon, have made significant investments in SLAM technology to indulge into various business expansion strategies such as new product developments and mergers & acquisitions.

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/2928

Numerous mapping technologies, such as marker-based tracking and GPS, are used in various sectors including military, agriculture & forestry, and other commercial sectors. However, these technologies do not work efficiently indoors and even in certain outdoor locations that lack a clear view of the sky. To overcome these drawbacks, companies are now adopting the SLAM technology that works efficiently indoors as well as in urban environments and provides high accuracy.

The SLAM technology uses various types of sensors including tactile sensors, image sensors, and LiDAR to develop a map of a space along with determining the location of the device within that space. The other benefits offered by the SLAM technology include easy navigation without reliance on external technologies and real-time formation of 3D maps with reduced cost & power requirements, driving the simultaneous localization and mapping technology market growth.

The prominence of mapping technologies in domestic service robots is growing rapidly as these robots can move smoothly across the tighter and denser spaces in the house. The growing standard of living, rising urbanization, increase in the disposable income, and the aging population are the leading factors enhancing the adoption of domestic robots especially in urban areas. There has been a substantial growth in the demand for domestic robots with around five million units shipped in 2015, which is projected to cross approximately 11.5 million units by 2020. The traditional robots witnessed the issue of navigation especially in the unknown environment, resulting in the robots bumping into the house walls.

Market expansion and new product developments are the main strategies adopted by the enterprises operating in the simultaneous localization and mapping technology market. The prominent companies functioning in the industry include Apple, Clearpath Inc., Facebook, Aethon, Fetch Robotics, GeoSLAM Ltd, Google, KUKA Robotics, Microsoft, NavVis, Omron Automation - Americas, Parrot, Skydio, Wikitude, Ascending Technologies | A Part of Intel, DIBOTICS, Inkonova AB (We're Hiring!), and Kudan.

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 detail along with the table of contents:

https://www.gminsights.com/industry-analysis/simultaneous-localization-and-mapping-slam-technology-market

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
Blog: www.industry-source.org

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Worldwide Simultaneous Localization and Mapping (SLAM) Technology Market Growth By Top Companies: Facebook, Google, KUKA Robotics, Microsoft, Omron Automation – Americas, Parrot, Clearpath Inc., Fetch Robotics, GeoSLAM Ltd, NavVis, Skydio, Aethon, Apple here

News-ID: 1556173 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for SLAM

SLAM Technology. Erasing the Line Between Real and Virtual
SLAM has the probability to be transformative across many different devices and technologies from mobile to autonomous automobiles. There are four areas where SLAM will advance and essentially change the lives of customers and businesses in the coming years. These areas are navigation, retail, social, and retail including day-to-day communications with friends, family, and fans online. Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/slam-technology-market-report/report-sample Navigation will be Made Easy SLAM will bring
SLAM Technology Market 2021 | Detailed Report
SLAM Technology Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027. Get Free Sample PDF (including full TOC, Tables and Figures) of SLAM Technology Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4644022 The report provides a comprehensive analysis of company profiles listed below: - Google - Apple ARKit - Facebook - Aethon - Clearpath
Now Available Slam Ball Market Forecast And Growth 2028
Global Slam Ball Market Overview As the fitness industry continues to flourish, slam ball is all set to gain increased traction in the forthcoming years. The slam ball is a weighted functional tool that is capable of withstanding high impact force when slammed on the ground. The slam ball is made up of textured rubber hard outer shell for better grip. With sand at its core to provide weight, slam ball
Slam Ball Market Growth Opportunities and Forecast 2018-2028
Global Slam Ball Market Overview As the fitness industry continues to flourish, slam ball is all set to gain increased traction in the forthcoming years. The slam ball is a weighted functional tool that is capable of withstanding high impact force when slammed on the ground. The slam ball is made up of textured rubber hard outer shell for better grip. With sand at its core to provide weight, slam ball
Global SLAM Robots Market Plans and Recent Developments 2018
Qyresearchreports include new market research report "Global SLAM Robots Market 2018 Industry, Analysis, Share, Growth, Sales, Trends, Supply, Forecast to 2022" to its huge collection of research reports. The global market for SLAM Robots is being molded by different factors and a complete assessment of those have been furnished in the report. The report begins with a brief description of the product and then goes onto study the various growth drivers
Global SLAM Robots Market 2018 Industry, Growth Analysis by Manufacturers
Qyresearchreports include new market research report "Global SLAM Robots Market 2018 Industry, Analysis, Share, Growth, Sales, Trends, Supply, Forecast to 2022" to its huge collection of research reports. The global SLAM Robots market is closely assessed in the publication using in-depth verifiable projections, historical data, and qualitative insights. With the help of proven assumptions and research methodologies, the analysts have derived the projections featured in the publication. For every aspect of