SLAM Technology Market 2019 – Autonomous Vehicle Platform Segment to Gain Enormous Proceeds by 2024
Oct 16, 2019
Various companies operating in the SLAM technology market are also entering into strategic partnerships to expand their 3D SLAM mapping technology
Selbyville, United States - October 16, 2019 /MarketersMedia/ —
The autonomous vehicle platform segment is anticipated to grow at the fastest rate in the SLAM technology market. The car makers and technology companies are together working toward improving the reliability and mechanics of self-driving vehicles. Various companies are investing in the autonomous vehicle industry to meet the growing customer safety requirements. For instance, in November 2017, Arbe Robotics, an Israel-based startup raised a funding of USD 9 million for building high-resolution radars, offering enhanced safety features to the autonomous cars. This radar works efficiently regardless of the exterior conditions, providing accurate vision to the autonomous vehicle. Along with the radar, the company uses SLAM algorithm, providing improved target separation, enhanced resolution, and removal of false alarms, expanding its adoption rate in the SLAM technology industry.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2928
Growth drivers
• Growth in automation across varied industries
• Minimal hardware requirement with enhanced accuracy
• Increasing demand from a varied range of industries
• Rising prominence of mapping technologies in domestic robots
• Enhanced adoption of UAV application
Owing to the rapid adoption of advanced technologies by diverse industrial sectors, the simultaneous localization and mapping (SLAM) technology market has been witnessing gradual increase in demand over the last decade. Unprecedented growth in digital and remote communication technology has accelerated the development of robots and UAVs, which are ideal for installing sensors and mapping systems. The eagerness of core industries to utilize modern technology for replacing human workforce in hazardous or time consuming tasks has further pushed the SLAM technology market penetration. Constant innovations in robotics are providing more opportunities to integrate new systems that help in achieving cost-efficiency across distinct processes, boosting demand for the global SLAM technology market, which registered a valuation of over USD 56 million in 2017.
The 2D motion segment dominated the SLAM technology market in 2017. 2D motion is being widely used in robot mapping technologies but is unable to produce 3D information. Landmarks not falling within their measurement plane cannot be observed, leading to a growth in the demand for 3D motion SLAM. In 2014, Google introduced Cartographer for performing real-time SLAM in 2D and 3D across numerous platforms and sensor configurations. The cartographer is used in a large number of applications from mapping transit hubs and museums to enabling new visualizations of buildings, expanding its use in the SLAM technology industry.
Various companies operating in the SLAM technology market are also entering into strategic partnerships to expand their 3D SLAM mapping technology. For instance, 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.
The robot platform dominates the SLAM technology market and held around 94.7% of the market share in 2017. These robots perform complex tasks that need navigation in dynamic and intricate indoor and outdoor surroundings without any human support. With the integration of SLAM technology, the robots have become technologically advanced, offering precise and flexible solutions, making them a preferred choice for a wide range of applications. These include military services, car production, space exploration, remote & invasive surgery, underwater exploration, fixing oil spills, investigating hazardous environments, and commercializing agriculture. For instance, the SLAM-based surgery robots conduct invasive surgeries by navigating inside or outside the patient's body to discover the problem. They also have a great opportunity in image-guided surgeries within a static environment.
Browse key industry insights spread across 200 pages with 379 market data tables & 36 figures & charts from the report, “SLAM Technology Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/simultaneous-localization-and-mapping-slam-technology-market
The Asia Pacific SLAM technology market is anticipated to grow at the fastest rate due to the presence of a large number of electronics and automotive industries with low manufacturing cost units. The increasing demand for automation in various sectors including healthcare, manufacturing, logistics, and agriculture and the rising aging population also contribute to the market growth. There is also an increase in the demand for the advanced robotics technology from SMEs for improving the production quality and efficiency, accelerating the SLAM technology adoption rate. Furthermore, with the increasing geopolitical tensions and a growing economy, the budget for the military is also increasing in this region, increasing the demand for advanced UAVs with a positive impact on the SLAM technology market growth.
The companies operating in the SLAM technology market are investing funds to enter into strategic alliances and to develop innovative solutions, gaining a competitive edge in the market. Some of the major vendors in the SLAM technology market are Kuka AG, Parrot SA, Google, Facebook, Microsoft Corporation, Apple, SMP Robotics, Wikitude, Clearpath Robotics, Dibotics, Fetch Robotics, NAvVis, GeoSLAM Ltd., and Ascending Technologies GmbH.
Some Points From Table Of Content: -
Chapter 6. SLAM Technology Market, By Platform
6.1. Key trends, by platform
6.2. Robot
6.2.1. Market estimates and forecast, 2015 – 2024
6.2.2. Market estimates and forecast, by region, 2015 – 2024
6.2.3. Market estimates and forecast, by motion, 2015 – 2024
6.3. UAV
6.3.1. Market estimates and forecast, 2016 – 2024
6.3.2. Market estimates and forecast, by region, 2016 – 2024
6.3.3. Market estimates and forecast, by motion, 2016 – 2024
6.4. Augmented Reality (AR)
6.4.1. Market estimates and forecast, 2017 – 2024
6.4.2. Market estimates and forecast, by region, 2017 – 2024
6.4.3. Market estimates and forecast, by motion, 2017 – 2024
6.5. Autonomous Vehicle
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/simultaneous-localization-and-mapping-slam-technology-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Global Market Insights, Inc., 4 North Main Street,
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/slam-technology-market
Source: MarketersMedia
Release ID: 88928427
More News
Siang project not just hydropower, vital for national security: Arunachal Pradesh CM Pema Khandu
Arunachal Pradesh chief minister Pema Khandu said that the Siang Upper Multi-Purpose Project should not be viewed merely through the prism of a conventional hydropower project, but as a national project with wider strategic and security implications.
In 1973, Zsa Zsa Gabor bought a home for $250 thousand; after listing post-death for $23.45 million, it eventually sold for $10.4 million
What led to a price cut for this famous actor's extravagant mansion in Bel Air? At nearly $5 million loss, the estate was sold to mining billionaire Robert Friedland in December 2020 for $16 million.
Is Claude down? Claude AI outage hits thousands as users report problems- when will the issue restore?
Is Claude down today, 29 Sept 2026: On September 29, Claude AI is experiencing significant outages affecting multiple services, including Claude Chat and Claude Code. Thousands of users have reported problems through Downdetector, primarily related to access issues and error messages. Anthropic is currently investigating elevated error rates affecting its platform and related tools. The company has acknowledged the disruption, although no specific timeline has been provided for resolution.
US consumer confidence plunges to 12-year low as households fear weaker jobs, economy
Consumer confidence in the US experienced a notable decline in September, reaching its lowest level since 2014. This drop suggests households envision a weakening economy and labor market in the coming months. The Conference Board's index fell by 6.7 points, significantly below economists' expectations. While perceptions of the current labor market worsened, they still remained in positive territory for now.
Spotify down? Downdetector data shows significant Spotify outage in US
Spotify is down for numerous users in the US today, shows Downdetector. As of 10:06 a.m. ET, over 15,000 US users have reported issues with the music streaming service. As the Downdetector's figures are based on user-submitted reports, the actual number of affected users may vary.
A contractor asked Shaquille O’Neal for $80000, his cheaper Best Buy find became a billion-dollar Amazon deal
Shaquille O’Neal wasn’t looking for his next investment. He just needed security cameras for his home. One company reportedly gave the retired NBA star an $80,000 quote. Shaq thought the price was too high and passed. Another company came back with a quote of around $65,000. He turned that down too.
US job openings slipped to 7.1 million in August but labour market remains sturdy
US employers posted fewer job vacancies in August, but the broader American labour market remains resilient against price shocks caused by the fighting in Iran. Openings came in below the 7.2 million expected by forecasters. Layoffs as well as the number of people quitting their jobs also fell. Employers have added an average of 80,000 jobs a month so far this year. The next jobs report is set for Friday.
US stock market today: Why Dow Jones falls while S&P 500 and Nasdaq climb as Nvidia, Oracle and Intel gain on oil retreat
US stock market today: The Dow Jones pulled back slightly, while the S&P 500 and Nasdaq hovered near the flatline. Major tech and retail stocks showed mixed performance, with Nvidia gaining (+1.11%) and Boeing up (+2.61%), while Apple (-1.72%) and Walmart (-2.79%) faced declines. XPeng also hit a 52-week low following a downgrade from JPMorgan citing weak demand and structural challenges in the Chinese auto sector.
Asian Games 2026 India Full Schedule, September 30: Complete List Of Events And Timings
India continues its Asian Games 2026 campaign in Aichi-Nagoya, Japan, on Wednesday, September 30, with athletes competing for medals in archery, boxing, cycling and more.
'First we will lose oxygen, then most of our surface water': Supercomputer predicts when life on Earth could end, says it is 'inevitable'
Research indicates that Earth's oxygen-rich atmosphere will remain for approximately 1.08 billion years. Scientists used modeling to explore how future solar brightness could impact oxygen levels. The study emphasizes that significant environmental changes might occur before life becomes unsustainable.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.