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What's Driving the SLAM Technology Market Growth? Key Companies- Apple, Clearpath Inc., Facebook, Fetch Robotics, GeoSLAM Ltd, Google, KUKA Robotics, Microsoft, NavVis, Omron Automation - Americas, Parrot, Skydio

03-16-2020 11:02 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

/ PR Agency: SLAM Technology Market
SLAM Technology Market

SLAM Technology Market

Rapid adoption of various advanced technologies in several industries has pushed SLAM technology market growth at a considerable pace. Technological advancements, urbanization, and industrialization have promoted adoption of robotics, AR, and Internet of Things (IoT), which has resulted in simultaneous localization and mapping technology industry growth. SLAM technology is capable of substituting GPS tracking and navigation in big cities. The technology has the ability to measure physical environment precisely, which will offer prolific growth opportunities to SLAM technology market.

According to the latest research report published by Global Market Insights, Inc., in terms of revenue, SLAM technology market is estimated to exceed 2 billion by 2024.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2928

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. Fetch Robotics
5. GeoSLAM Ltd
6. Google
7. KUKA Robotics
8. Microsoft
9. NavVis
10. Omron Automation - Americas
11. Parrot
12. Skydio

In 2017, robot platform accounted for about 94.7% in the overall SLAM market. The growth can be attributed to the capability of robots to perform complicated tasks, which requires navigation in complex surroundings without any human help. SLAM technology is being integrated into robots to make them suitable for a diverse range of applications. SLAM integrated robots are capable of providing precise and flexible solutions in car production, military services, space exploration, underwater exploration, remote and invasive surgery. Some more applications of robot platform include investigating hazardous environments, commercializing agriculture, and fixing oil spills among others. SLAM-based surgery robots have the ability to navigate inside or outside the patient's body and find problems to perform invasive surgeries.

SLAM technology market share from manufacturing and logistics applications is forecast to grow at a CAGR of 72.8% over 2018-2024. Automatic guided vehicle is being integrated with SLAM technology to help these vehicles pick and deliver products with the manufacturing system. Also, research and development activities are being carried out to develop manufacturing applications based on SLAM technology to improve its functionality and capability. Such wide-ranging applications of simultaneous localization and mapping technology in manufacturing and logistics segment are likely to upsurge SLAM technology market share.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2928

2D motion has found extensive application in robot mapping technologies and witnessed heavy growth in SLAM technology industry in 2017. But 3D motion is increasingly replacing 2D motion technology due to the incapability of 2D motion to observe landmarks not falling under its measurement plane. In 2014, Goggle had unveiled Cartographer to run real-time SLAM in 2D and 3D across several platforms and sensor configurations. The cartographer has found wide-ranging applications in mapping transit hubs and museums to enable new visualizations of building structures. To capitalize on the soaring popularity of 3D motion technology, various industry players are entering into strategic partnerships to expand their 3D motion capabilities, which will further impel SLAM technology market growth.

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

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.

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