The rising adoption of UAV applications and the growing prevalence of mapping technology is driving the demand for the market.
Market Trends – The rise in the autonomous vehicle’s adoption.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
The global SLAM Technology Market is forecasted to be worth USD 1,829.4 Million by 2027, according to a current analysis by Emergen Research. The global simultaneous localization and mapping (SLAM) technology market is forecasted to grow significantly, owing to UAV applications’ rising adoption. The growing prevalence of mapping technology is anticipated to further propel the market growth over the forecasted timeframe. Besides, the rapid adoption of autonomous vehicles worldwide is also expected to augment the market over the forecasted timeline. The expensive setup cost of this technology and raising issues for security of the system is anticipated to hinder the market growth over the forecasted timeframe. The largest market over the forecast timeline is accounted for by the 2D segment due to SLAM technology’s wide utilization in industrial robotics.
Click the link to get [email protected] https://www.emergenresearch.com/industry-report/slam-technology-market
Key participants include Apple Inc., Microsoft Corporation, Facebook, Inc., Alphabet Inc., Aethon Inc., Fetch Robotics, Inc., Intel Corporation, Amazon Robotics (Kiva Systems), Skydio, Inc., and Clearpath Robotics, Inc. among others.
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the SLAM technology products is expected to drive the demand for SLAM technology, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
Key Points of SLAM technology Market:
- Extensive coverage of the analysis of the SLAM technology market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the SLAM technology market
- Complete data about the key manufacturers and vendors in the SLAM technology market
Emergen Research has segmented the global SLAM Technology Market on the basis of type, offering, application, end-use, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
- Extended Kalman Filter
Offering Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
- Autonomous Vehicle
- Augmented Reality
- Virtual Reality
End-Use Outlook (Revenue, USD Million; 2017-2027)
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.