openPR Logo
Press release

Simultaneous Localization and Mapping (SLAM) Technology Market Share By Key Players; Clearpath Inc., Fetch Robotics, GeoSLAM Ltd, NavVis, Skydio, Aethon, Apple, Facebook, Google, KUKA Robotics, Microsoft, Omron Automation – Americas, Parrot

02-19-2019 06:55 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 (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 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

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.

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

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

Global Simultaneous Localization and Mapping (SLAM) Technology Market was estimated to be over USD 56 million in 2017 and is set to exceed USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc. 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

The commercial sector dominates the global simultaneous localization and mapping (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.

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.

Therefore, the inclusion of SLAM for navigation and obstacle avoidance in domestic robots is evolving rapidly. Various companies operating in this segment have launched SLAM-based domestic robots to carry out household chores efficiently with cost effectivity. Neato Robotics, a robotics company in the U.S., launched Neato Botvac, a home robot vacuum. This intelligent robot makes use of SLAM technology to navigate the house for cleaning floors. The company makes this product available to the customers at affordable prices, increasing its adoption rate.

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

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.

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. 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.

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 simultaneous localization and mapping (SLAM) technology market 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 Related Reports: https://www.openpr.com/news/1590889/Global-IoT-Infrastructure-Market-By-Platform-Component-Service-Application-and-Key-Players-Amazon-Cisco-Dell-Hewlett-Packard-Enterprise-Hitachi-Honeywell-Huawei-Technologies-IBM-Intel-Corporation-Microsoft-NEC-Corporation-Oracle.html

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 Simultaneous Localization and Mapping (SLAM) Technology Market Share By Key Players; Clearpath Inc., Fetch Robotics, GeoSLAM Ltd, NavVis, Skydio, Aethon, Apple, Facebook, Google, KUKA Robotics, Microsoft, Omron Automation – Americas, Parrot here

News-ID: 1597946 • Views: 364

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for SLAM

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
Autonomous Mobile Robots Market Report 2018: Segmentation by Type (AMRs with SLA …
Global Autonomous Mobile Robots market research report provides company profile for Mobile Industrial Robots, SMP Robotics, Cimcorp Automation, Aethon, Locus Robotics, Fetch Robotics, Swisslog (KUKA), Omron Adept, Clearpath Robotics, Vecna and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the
New low noise Sliding Slam Latch from FDB Panel Fittings
The new DIRAK sliding slam latch from FDB Panel Fittings provides a low noise secure door closure mechanism for internal doors, cupboards etc. It is expected to be of value in specialist vehicles such as caravans, commercial vehicles, railway rolling stock and similar. Explains Gary Miles, M.D. at FDB Panel Fittings “In the event of the transportation of containers, for example for small animals or similar, in addition to vibration
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