As per this study, the Global Simultaneous Localization And Mapping Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Simultaneous localization and mapping (SLAM) is a device used to find the location of an object with reference to its surroundings and map the layout of the environment where the particular device is. With the help of mathematical and statistical algorithms, a SLAM device collects visual data from surroundings in terms of reference points. These reference points help the device to identify & distinguish between common elements like floors, walls, and any barriers. Owing to navigation technology, SLAM devices are widely used in automotive such as Google’s driverless car, self-locating robotics, unmanned aerial vehicle (UAV), and others.
The growing demand for self-locating robotics, where a SLAM device is used, in homes and enterprises is fueling the market demand of simultaneous localization and mapping market. In addition to this, advancements in visual SLAM algorithms like mathematical and statistical is further boosting the market growth. On the other hand, their unpredictable performance, and reliability in untested environments are likely to impede market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of Simultaneous Localization and Mapping.
The broad Simultaneous Localization and Mapping market has been sub-grouped into type, offering, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- EKF SLAM
- Fast SLAM
- Graph-Based SLAM
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for simultaneous localization and mapping in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Simultaneous Localization And Mapping Market Size, Share Analysis Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the simultaneous localization and mapping market include Aethon, Alphabet, Amazon Robotics, Apple, Clearpath Robotics, Facebook, Intel, Intellias, MAXST, Microsoft, The Hi-Tech Robotic Systemz. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.