Simultaneous Localization and Mapping (SLAM) Technology Market – Analysis and Demand with Forecast Overview to 2029

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Published Date: April 2023

The simultaneous localization and mapping technology market accounted for USD 145 Million in 2020 and is anticipated to register a CAGR of 36.5%.

The report "Simultaneous Localization and Mapping (SLAM) Technology Market, By Type (EFK SLAM, Fast SLAM and Graph-Based SLAM), By Offering (2-Dimentional SLAM, and 3-Dimentional SLAM), By Application (UAV, Robots, Augmented Reality, and Autonomous Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In July 2017, NavVis, a leading indoor mapping, navigation, and visualization company partnered with Engie, a leading facility management service provider. This partnership will enable Engie to deliver a comprehensive digital solution using the NavVis advanced technology in its facility management service portfolio. Engie will provide 3D mapping and scanning using the company’s M3 Trolley, providing customers an access to a 3D digital model using the SLAM technology.

Analyst View:

The growing trends of wireless technology, robust autonomous technology, service robots for domestic applications, are some of the major factors driving the growth of the simultaneous localization and mapping market. Various navigation techniques develop mapping solutions which will ultimately amend SLAM technology market. Eaton is offering L2STAR V-SLAM, which is built on SLAM technology. The company developed V-SLAM merging the information from 4cameras&IMU&GPS the algorithm which are creates in real-time a 3D map of the environment and uses it to estimate the vehicle position with accuracy and is expected to boost the market. Augmented reality, digital techniques and artificial intelligence application shows the considerable growth in service robot for this particular market. SLAM robots shows great development in vacuum cleaners and lawn mowers, surveillance using Unmanned Aerial Vehicles (UAVs), underwater coral reef monitoring, exploration of mines under the ground, and terrain mapping applications in space.

The increasing demand for robots and drones with higher level of autonomy in different commercial application is anticipated to help in fueling the market for the global SLAM technology market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Simultaneous Localization and Mapping Technology Market”, By Type (EFK SLAM, Fast SLAM and Graph-Based SLAM), By Offering (2-Dimentional SLAM, and 3-Dimentional SLAM), By Application (UAV, Robots, Augmented Reality, and Autonomous Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global simultaneous localization and mapping technology market accounted for USD 145 Million in 2020 and is anticipated to register a CAGR of 36.5%. The market report has been segmented on the basis of type, offering, application, and region.

Depending on type, the FPK segment is projected to grow at highest CAGR over the forecast period.

Depending upon the offering, the 3D SLAM segment is projected to register highest share of the market in 2020. The emergence of algorithms such as fast SLAM, the significant progress of visual SLAM, rapid development in the AR and autonomous vehicle industries, the demand for 3D motion SLAM is increasing at a fast rate.

By application, augmented reality is currently witnessing a high growth rate owing to the growing usage for the SLAM technology for augmented reality (AR) applications, rise of new digital technologies such as automation and artificial intelligence, and rising demand for service robot for domestic applications.
By region, North America region contributes to the largest share in the global pharmaceutical membrane filtration technologies due to Increasing automation, expanding UAVs, has generate roadmap to market’s growth in the region. The reason for the dominance of the US in North America is its well-established economy, which allows for investments in new technologies.

Competitive Landscape:

The prominent player operating in the global simultaneous localization and mapping technology market includes Intel, Microsoft, Alphabet, Amazon Robotics, Apple, Clearpath Robotics, Aethon, The Hi-Tech Robotic Systemz, Facebook, Intellias, Magic Leap, Rethink Robotics, Skydio, NavVis, and Mobile Industrial Robots ApS.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period