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Simultaneous Localization and Mapping Market Projected to reach $465 million by 2023 | Key Players include Intel, Microsoft, Alphabet, Amazon Robotics and Apple

02-19-2019 10:09 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

The report "Simultaneous Localization and Mapping Market by Offering (2D SLAM, 3D SLAM), Type (EKF SLAM, Fast SLAM, Graph-Based SLAM, LSD SLAM, S-PTAM, ORB-SLAM, and ORB-SLAM2), Application (Robotics, UAV, AR/VR, Automotive), and Geography - Global Forecast to 2023", The SLAM market is projected to reach USD 465 million by 2023 from USD 101 million in 2018, at a CAGR of 35.77% during the forecast period. Major drivers for the market’s growth are the advancements in visual SLAM algorithm, growth of SLAM in augmented reality (AR), and growing demand for self-locating robotics in homes and enterprises; limitation of SLAM in dynamic environments is the major restraint to its growth.

Browse 46 market data Tables and 46 Figures spread through 127 Pages and in-depth TOC on "Simultaneous Localization and Mapping Market - Global Forecast to 2023"
View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/simultaneous-localization-mapping-market-17638387.html

EKF SLAM expected to hold largest market share during forecast period

EKF SLAM held the largest share of the SLAM market due to its ability to handle nonlinear systems, which made it suitable for a wide array of applications that cannot be modeled by linear state transitions. EKF SLAM has been in use for the past 2 decades and is still used in existing SLAM applications, such as robot mapping and autonomous cars.

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2D SLAM to hold largest market share during forecast period

2D SLAM is expected to continue commanding a larger share of the market than 3D SLAM owing to its increasing use in domestic robots. For instance, in September 2018, ILIFE INNOVATION (China) launched A7, a new pro robot vacuum cleaner, worldwide on Amazon and AliExpress as a premium addition to its A-series robots.

North America expected to be largest SLAM market

Increasing SLAM adoption for automation, coupled with expanding applications of UAVs, has led the path for the market’s growth in the region. The reason for the dominance of the US in North America is its well-established economy, which allows for investments in new technologies.

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Key players in the SLAM market include Intel (US), Microsoft (US), Alphabet (US), Amazon Robotics (US), Apple (US), Clearpath Robotics (Canada), Aethon (US), The Hi-Tech Robotic Systemz (India), Facebook (US), Intellias (Ukraine), Magic Leap (US), Rethink Robotics (US), Skydio (US), Navvis (Germany), and Mobile Industrial Robots APS (Denmark).

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
sales@marketsandmarkets.com

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