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Global Simultaneous Localization and Mapping (SLAM) Technology Market to reach USD 5629.75 million by the end of 2029.

Global Simultaneous Localization and Mapping (SLAM) Technology Market Size study & Forecast, by Type (EKF SLAM, Fast SLAM, Graph-Based SLAM, Others) by Offering (2D SLAM, 3D SLAM) by Application (Robotics, UAV, AR/VR, Automotive, Other) and Regional Analysis, 2022-2029

Product Code: ICTNS-29248995
Publish Date: 5-05-2023
Page: 200

Global Simultaneous Localization and Mapping (SLAM) Technology Market is valued at approximately USD 226.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 49.41% over the forecast period 2022-2029. Simultaneous Localization and Mapping (SLAM) technology is a technique used in robotics and computer vision that enables a robot to create a map of its environment and simultaneously determine its location within that map. The Simultaneous Localization and Mapping (SLAM) Technology market is expanding because of factors such as the growing demand for service-based robots and the rising emergence of autonomous vehicles.

SLAM technology is particularly useful in situations where the environment is unknown or changes frequently, such as in search and rescue missions, exploration of unknown terrain, or industrial environments. Its prevalence has progressively increased during the last few decades. According to Statista, The United States dominate the service robotics market, with a sales value is estimated around USD 12 billion in 2022. Furthermore, the Commercial Service Robotics segment is estimated to reach up to USD 16.15 billion in 2023. The largest segment is Medical service robotics with a projected market volume of USD 9.50 billion in the same year. Another important component driving space increase is the emergence of autonomous vehicles. As per Statista, Level 4 autonomous vehicles are expected to have a 1% market penetration rate in 2025 and which is estimated to reach up to 5% of the global market by 2030. In addition, in 2019, it is estimated that approximately 1.4 million vehicles were sold globally with at least Level 3 autonomy. Global sales of these vehicles are expected to reach around 58 million units by 2030. For instance, in Feb 2021, Ford announced a USD 22 billion investment in electric vehicles and a USD 7 billion investment in autonomous vehicles by the year 2025. The electric-vehicle stake is in addition to the USD 10 billion already pledged to assist Ford in competing in the race to bring electric vehicles into the mainstream. Also, the increasing application of slam in augmented reality and growing demand for autonomous drones would create a lucrative growth prospectus for the market over the forecast period. However, technical difficulties in SLAM implementation stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Simultaneous Localization and Mapping (SLAM) Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players and the rising emergence of augmented reality in various businesses. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising investment in industrial automation and increasing usage of robotics in both commercial and non-commercial applications in the market space.

Major market player included in this report are:

Aethon Inc.
Amazon Robotics LLC
Apple Inc.
Ascending Technologies GmbH
Clearpath Robotics Inc.
DIBOTICS
Fetch Robotics Inc.
GeoSLAM
Gestalt Robotics GmbH
Google LLC

Recent Developments in the Market:
Ø In September 2022, Cloostermans, a Belgian-based company that manufactures warehouse technology, had been acquired by Amazon. Cloostermans will join the Amazon Robotics division dedicated to automating aspects of its warehouse operations. Moreover, in 2019, Amazon began collaborating with Cloostermans, to use its machinery to assist progress and stack heavy pallets and goods, as well as in the delivery of packaged products.

Global Simultaneous Localization and Mapping (SLAM) Technology Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Offering, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Type
EKF SLAM
Fast SLAM
Graph-Based SLAM
Others

by Offering
2D SLAM
3D SLAM

by Application
Robotics
UAV
AR/VR
Automotive
Other

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Simultaneous Localization and Mapping (SLAM) Technology Market, by Region, 2019-2029 (USD Million)
1.2.2. Simultaneous Localization and Mapping (SLAM) Technology Market, by Type, 2019-2029 (USD Million)
1.2.3. Simultaneous Localization and Mapping (SLAM) Technology Market, by Offering, 2019-2029 (USD Million)
1.2.4. Simultaneous Localization and Mapping (SLAM) Technology Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Simultaneous Localization and Mapping (SLAM) Technology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Simultaneous Localization and Mapping (SLAM) Technology Market Dynamics
3.1. Simultaneous Localization and Mapping (SLAM) Technology Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing demand for Service based Robots.
3.1.1.2. Rising emergence of Autonomous Vehicles
3.1.2. Market Challenges
3.1.2.1. Technical Difficulties in SLAM Implementation
3.1.3. Market Opportunities
3.1.3.1. Increasing Application of SLAM in Augmented Reality
3.1.3.2. Growing Demand for Autonomous Drones
Chapter 4. Global Simultaneous Localization and Mapping (SLAM) Technology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Simultaneous Localization and Mapping (SLAM) Technology Market, by Type
6.1. Market Snapshot
6.2. Global Simultaneous Localization and Mapping (SLAM) Technology Market by Type, Performance – Potential Analysis
6.3. Global Simultaneous Localization and Mapping (SLAM) Technology Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Simultaneous Localization and Mapping (SLAM) Technology Market, Sub Segment Analysis
6.4.1. EKF SLAM
6.4.2. Fast SLAM
6.4.3. Graph-Based SLAM
6.4.4. Others
Chapter 7. Global Simultaneous Localization and Mapping (SLAM) Technology Market, by Offering
7.1. Market Snapshot
7.2. Global Simultaneous Localization and Mapping (SLAM) Technology Market by Offering, Performance – Potential Analysis
7.3. Global Simultaneous Localization and Mapping (SLAM) Technology Market Estimates & Forecasts by Offering 2019-2029 (USD Million)
7.4. Simultaneous Localization and Mapping (SLAM) Technology Market, Sub Segment Analysis
7.4.1. 2D SLAM
7.4.2. 3D SLAM
Chapter 8. Global Simultaneous Localization and Mapping (SLAM) Technology Market, by Application
8.1. Market Snapshot
8.2. Global Simultaneous Localization and Mapping (SLAM) Technology Market by Application, Performance – Potential Analysis
8.3. Global Simultaneous Localization and Mapping (SLAM) Technology Market Estimates & Forecasts by Application 2019-2029 (USD Million)
8.4. Simultaneous Localization and Mapping (SLAM) Technology Market, Sub Segment Analysis
8.4.1. Robotics
8.4.2. UAV
8.4.3. AR/VR
8.4.4. Automotive
8.4.5. Other
Chapter 9. Global Simultaneous Localization and Mapping (SLAM) Technology Market, Regional Analysis
9.1. Simultaneous Localization and Mapping (SLAM) Technology Market, Regional Market Snapshot
9.2. North America Simultaneous Localization and Mapping (SLAM) Technology Market
9.2.1. U.S. Simultaneous Localization and Mapping (SLAM) Technology Market
9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
9.2.1.2. Offering breakdown estimates & forecasts, 2019-2029
9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Simultaneous Localization and Mapping (SLAM) Technology Market
9.3. Europe Simultaneous Localization and Mapping (SLAM) Technology Market Snapshot
9.3.1. U.K. Simultaneous Localization and Mapping (SLAM) Technology Market
9.3.2. Germany Simultaneous Localization and Mapping (SLAM) Technology Market
9.3.3. France Simultaneous Localization and Mapping (SLAM) Technology Market
9.3.4. Spain Simultaneous Localization and Mapping (SLAM) Technology Market
9.3.5. Italy Simultaneous Localization and Mapping (SLAM) Technology Market
9.3.6. Rest of Europe Simultaneous Localization and Mapping (SLAM) Technology Market
9.4. Asia-Pacific Simultaneous Localization and Mapping (SLAM) Technology Market Snapshot
9.4.1. China Simultaneous Localization and Mapping (SLAM) Technology Market
9.4.2. India Simultaneous Localization and Mapping (SLAM) Technology Market
9.4.3. Japan Simultaneous Localization and Mapping (SLAM) Technology Market
9.4.4. Australia Simultaneous Localization and Mapping (SLAM) Technology Market
9.4.5. South Korea Simultaneous Localization and Mapping (SLAM) Technology Market
9.4.6. Rest of Asia Pacific Simultaneous Localization and Mapping (SLAM) Technology Market
9.5. Latin America Simultaneous Localization and Mapping (SLAM) Technology Market Snapshot
9.5.1. Brazil Simultaneous Localization and Mapping (SLAM) Technology Market
9.5.2. Mexico Simultaneous Localization and Mapping (SLAM) Technology Market
9.5.3. Rest of Latin America Simultaneous Localization and Mapping (SLAM) Technology Market
9.6. Rest of The World Simultaneous Localization and Mapping (SLAM) Technology Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Aethon Inc.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Amazon Robotics LLC
10.2.3. Apple Inc.
10.2.4. Ascending Technologies GmbH
10.2.5. Clearpath Robotics Inc.
10.2.6. DIBOTICS
10.2.7. Fetch Robotics Inc.
10.2.8. GeoSLAM
10.2.9. Gestalt Robotics GmbH
10.2.10. Google LLC

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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