SLAM Technology Market growth in Asia Pacific region is driven by increasing demand for automation in various sectors | Top Key Players like Google, KUKA Robotics, Microsoft, Omron Automation – Americas, Parrot, Facebook, Apple

SLAM Technology Market in Asia Pacific 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. There is also an increase in the demand for the advanced robotics technology from SMEs for improving the production quality and efficiency, accelerating the SLAM technology adoption rate. Furthermore, with the increasing geopolitical tensions and a growing economy, the budget for the military is also increasing in this region, increasing the demand for advanced UAVs with a positive impact on the SLAM technology market growth.

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

Benefitting from higher commodity prices, the top 40 mining companies globally had recorded earnings of nearly USD 496 billion in 2016, demonstrating the massive scale of mining activities and the potential to improve bottom lines. As old mines get exhausted, these companies are expected to start exploring new mines to keep the mineral supply flowing, indicating the possibility of significant expansion for the SLAM technology market. For instance, the Victoria Gold’s Eagle mine, under development in Canada, would become the biggest mine in the territory of Yukon with production anticipated to at 12.5 million tons per year across a 10-year life span. Further, the USD 2.9 billion South Flank iron ore mine in Australia being constructed by BHP is slated to commence production in 2021 and supply ore until at least 2046.

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

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

Recently, the Germany based car manufacturer, Porsche has invested in Swiss startup company, WayRay to develop next-generation navigation systems. WayRay produces holographic augmented reality display technology that integrates virtual objects into driving assistance. The German car manufacturer is planning to use WayRay’s virtual SLAM technology in its product ranges to offer modernized technology to the customers. Likewise, recently, the consortium of Toyota Motor Corp comprising Denso Corp, Jtekt Corp, Advics, and Aisin Seiki Co, decided to form a joint venture to develop new software that will help to operate components of autonomous vehicles. The strategic investment by the automaker in JVs with technology companies for fulfilling changing consumer demands is likely to propel simultaneous localization & mapping (SLAM) technology industry share.

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

The autonomous vehicle platform segment is anticipated to grow at the fastest rate in the SLAM technology market. The car makers and technology companies are together working toward improving the reliability and mechanics of self-driving vehicles. Various companies are investing in the autonomous vehicle industry to meet the growing customer safety requirements. For instance, in November 2017, Arbe Robotics, an Israel-based startup raised a funding of USD 9 million for building high-resolution radars, offering enhanced safety features to the autonomous cars. This radar works efficiently regardless of the exterior conditions, providing accurate vision to the autonomous vehicle. Along with the radar, the company uses SLAM algorithm, providing improved target separation, enhanced resolution, and removal of false alarms, expanding its adoption rate in the SLAM technology market.

The manufacturing and logistics segments in the SLAM technology market are projected to grow at a CAGR of 72.8 percent over the forecast timespan. The integration of SLAM into an automatic guided vehicle within a manufacturing system assists in pick & place tasks, allowing the automated guided vehicle to pick and deliver products with the manufacturing system. Furthermore, extensive R&D activities are going on in this field to develop innovative SLAM-based manufacturing applications, enhancing its capability and functionality features.

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.

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://www.gminsights.com/industry-analysis/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.

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. These include military services, car production, space exploration, remote & invasive surgery, underwater exploration, fixing oil spills, investigating hazardous environments, and commercializing agriculture. For instance, the SLAM-based surgery robots conduct invasive surgeries by navigating inside or outside the patient?s body to discover the problem. They also have a great opportunity in image-guided surgeries within a static environment.

Some of the leading vendors in the SLAM technology market are 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/1656644/SD-WAN-Market-in-Managed-services-to-witness-65-CAGR-between-2019-to-2025-Global-Players-are-Aryaka-Networks-Barracuda-Cisco-Citrix-Huawei-Technologies-Oracle-VMware-ZTE-Corporation-Silver-Peak-Infovista.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.