SLAM Technology Market Size With Focus On Emerging Technologies, Top Key Players Update And Forecast 2022

Precision Business Insights published a research report on “SLAM Technology Market By Type (EKF SLAM, Fast SLAM, Graph-Based SLAM and Others), By Application (Robotics, UAV, AR/VR, Automotive and Others) and Geography - Global/Region/Country Forecast to 2028”.

Simultaneous localization and mapping (SLAM) are the technique of building a map while navigating the environment with the help of an autonomous vehicle or a robot. A system used in robotic cartography as well as robot mapping is simultaneous localization and mapping. To navigate, this mechanism employs a complicated set of computations, algorithms, as well as sensory inputs. It enables the production of geographic information system (GIS) data from a distance in situations where humans are unable to map the environment. Simultaneous localization and mapping is a computational challenge encountered during map generation or upgrade of an undetermined environment by simultaneously tracking needed position (SLAM).

View detailed report description here https://precisionbusinessinsights.com/market-reports/slam-technology-market/

In the forecast term, the SLAM technology market is expected to rise at a rapid pace. The precision of SLAM technology employed across sectors has considerably improved as a result of constant technical advancements. In the foreseeable term, their rising adoption across robots, UAVs, and augmented reality applications is likely to drive the market. Because of their increased precision and low hardware requirements, demand across platforms has increased significantly in recent years and is expected to continue in the coming years. The growing number of sectors going to automation in emerging nations, as well as the growing popularity of UAV applications, is likely to open up various new prospects for the SLAM technology industry in the next years. Random performance as well as reliability in untested contexts, as well as the restriction of SLAM in dynamic environments, are the major restraints to the global Simultaneous Localization and Mapping (SLAM) Market's growth. Incorrect initialization and loop closure can significantly affect SLAM quality, and the sophisticated design of data association in visual SLAM are two of the market's primary issues.

On the basis of Product, the market is segregated into Direct and Indirect Methods and Sparse and Dense Methods. In term of Application, the market is divided into Smart AR, Mobile Robots, and Others. In 2016, Smart AR led the industry, and over the next 5 years, it is expected to be the fastest-growing end-use industry. In developing countries, a large middle-class population combined with increased disposable income will operate as an economic accelerator.

During the projection period, North America accounted for the largest the biggest market share. Increasing SLAM adoption for automation, combined with expanding UAV applications, has paved the way for the region's market growth. The United States' supremacy in North America is due to its well-established industry, which enables for new technology investments.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=42204

Some of the major key players in the SLAM Technology Market are Facebook, Google, Intel Corporation, Microsoft Corporation, GeoSLAM Limited, Velodyne Lidar

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.