Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global simultaneous localization and mapping technology market bolstering the market growth owing emerging use of domestic robots and AR/VR
The global Simultaneous Localization and Mapping (SLAM) technology market expected to bolster the market growth with USD 500 million at an anticipated CAGR in the forecast period from 2020-2027. SLAM is mainly used to solve the problems of positioning navigation and map construction when mobile robots run in unknown environments.
SLAM implemented in a variety of ways; first of all, it performed on a variety of different hardware. Secondly, SLAM considered a concept more than an algorithm. SLAM technology contains many steps, each of which implemented using different algorithms.
SLAM usually contains several processes; the ultimate purpose of these processes is to update the position estimation information of the robot. From the perspective of the robot, the data obtained by the sensor is more accurate than the data collected by the equation of motion. Therefore, the robot updates the predicted value of the robot position through the data of the sensor.
Offering Overview in the Global Simultaneous Localization and Mapping Technology Market
Based on the offering, the global simultaneous localization and mapping technology market attributed to 2D SLAM, 3D SLAM. The 2D SLAM segment has captured the highest market value in the global simultaneous localization and mapping technology market in the forecast period from 2020-2027. The use of robotics technology at home, such as vacuum cleaner robots, A-series robots, has fueled the demand for the global simultaneous localization and mapping technology market.
Type Overview in the Global Simultaneous Localization and Mapping Technology Market
Based on the type, the global simultaneous localization and mapping technology market classified into EKF SLAM, Fast SLAM, Graph-Based SLAM, LSD SLAM, S-PTAM, ORB-SLAM, and ORB-SLAM2. The Fast SLAM segment has dominated the market share of the global simultaneous localization and mapping technology market. The emerging technology like cloud services augmented reality, visual reality; mapping accuracy is propelling the market share of the global simultaneous localization and mapping technology market.
Application Overview in the Global Simultaneous Localization and Mapping Technology Market
Based on the Application, the global simultaneous localization and mapping technology market segmented into Robotics, UAV, AR/VR, Automotive. The AR/VR segment has captured the largest market share in the global simultaneous localization and mapping technology market. It is mainly owing to the use of AR/VR in SLAM technology to provide real-time data to customers and enhance their experience. Therefore, use AR/VR in SLAM technology play a vital role, and thus its market demand is fueling the market share of global simultaneous localization and mapping technology market.
Region Overview in the Global Simultaneous Localization and Mapping Technology Market
Based on geography, the global simultaneous localization and mapping technology market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North America region will be expecting to witness the highest growth during the forecast period from 2020-2027. It is mainly due to the adoption of cloud services, technology advancement, the use of the robot in many industries. The increasing VR/AR demand for enhancing customer services, also adding fuel to bolster the market share of simultaneous localization and mapping technology in North America.
Global Simultaneous Localization and Mapping Technology Market: Competitive Landscape
Companies such as Intel, Microsoft, Alphabet, Amazon Robotics, Apple, Clearpath Robotics, Aethon, The Hi-Tech Robotic Systemz, Facebook, Intellias, Magic Leap, Rethink Robotics, Skydio, NavVis, MAXST, and Mobile Industrial Robots ApS and others are key players in the global simultaneous localization and mapping technology market.