Global Simultaneous Localization and Mapping Market, By Type (EKF SLAM, Fast SLAM, Graph-Based, SLAM, Others), Offering (2D SLAM, 3D SLAM), Application (Robotics, UAV, AR/VR, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Simultaneous Localization and Mapping Market
Simultaneous localization and mapping market will grow at a CAGR of 36.83% in the forecast period of 2021 to 2028. Rising demand for self-locating robotics in homes and enterprises is an essential factor driving the simultaneous localization and mapping market.
Simultaneous localization and mapping (SLAM) is a part of robotic navigation and mapping. It is the computational problem of updating an unknown environment map by simultaneously keeping a track of the location of the agent within it. Several algorithms are used to solve it, in a traceable time interval for specific environment. Some of the popular methods includes extended kalman filter, GraphSLAM and particle filter.
Rising growth of SLAM in augmented reality (AR) is a crucial factor accelerating the market growth, also increasing emergence of new digital technologies such as automation and artificial intelligence, increasing demand for service robot for domestic applications, rise of new digital technologies such as automation and artificial intelligence, increasing demand for service robot for domestic applications, rising demand for drones in military and commercial applications and rising mature population in Europe and Japan are the major factors among others boosting the simultaneous localization and mapping market. Moreover, rising demand for drones in military and commercial applications, increasing proliferation of cloud-based visual SLAM for outdoor applications and increasing SLAM for smartphones will further create new opportunities for simultaneous localization and mapping market in the forecast period mentioned above.
However, rising unpredictable performance and reliability in untested environments and increasing limitation of SLAM in dynamic environments are the major factors among others which will curtail the market growth, while incorrect initialization and loop closure can significantly alter SLAM accuracy and increased complex design of data association in visual SLAM will further challenge the simultaneous localization and mapping market in the forecast period mentioned above.
This simultaneous localization and mapping market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on simultaneous localization and mapping market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Simultaneous Localization and Mapping Market Scope and Market Size
Simultaneous localization and mapping market is segmented on the basis of type, offering and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the simultaneous localization and mapping market is segmented into EKF SLAM, fast SLAM, graph-based, SLAM and others.
- Based on offering, the simultaneous localization and mapping market is segmented into 2D SLAM and 3D SLAM.
- The simultaneous localization and mapping market is also segmented on the basis of application into robotics, UAV, AR/VR, automotive and others.
Simultaneous Localization and Mapping Market Scope Country Level Analysis
Simultaneous localization and mapping market is analysed and market size, volume information is provided by country, type, offering and application as referenced above.
The countries covered in the simultaneous localization and mapping market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the simultaneous localization and mapping market due to growing SLAM adoption for automation, coupled with escalating applications of UAVs, increasing well-established economy of the US which permits for investments in new technologies and rise of new digital technologies such as automation and artificial intelligence in this region. Asia-Pacific is the expected region in terms of growth in simultaneous localization and mapping market due to rising emergence of new digital technologies such as automation and artificial intelligence, increasing demand for service robot for domestic applications and rise of new digital technologies such as automation and artificial intelligence in this region.
The country section of the simultaneous localization and mapping market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Simultaneous Localization and Mapping Market Share Analysis
Simultaneous localization and mapping market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to simultaneous localization and mapping market.
The major players covered in simultaneous localization and mapping market report are Intel Corporation, Microsoft, Alphabet, Amazon Robotics, Apple Inc., Clearpath Robotics Inc., Aethon, The Hi-Tech Robotic Systemz, Facebook, Inc., Intellias Ltd., MAXST Co., Ltd., Magic Leap, Inc., Rethink Robotics, Skydio, Inc., NAVVIS, Mobile Industrial Robots ApS, Kuka AG, GeoSLAM, Kudan, Dibotics, SMP Robotics and Parrot Drones SAS among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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