psalexa

Simultaneous Localization and Mapping (SLAM) Technology Market Research Report: By Offering (Two-Dimensional, Three-Dimensional), Type (Extended Kalman Filter, Fast, Graph-Based), Application (Robotics, Unmanned Aerial Vehicle, Augmented Reality /Virtual Reality, Autonomous Vehicle), End User (Commercial, Military, Agriculture & Forestry, Mining, Automotive, Manufacturing & Logistics, Household Appliance) - Global Industry Analysis and Growth Forecast to 2030

  • Published: June 2020
  • Report Code: IM12045
  • Available Format: PDF
  • Pages: 165

SLAM Technology Market Overview

Valued at $152.2 million in 2019, the global simultaneous localization and mapping (SLAM) technology market is projected to witness a CAGR of 38.3% during the forecast period (2020–2030). Emergence of autonomous vehicles, increasing number of augmented reality (AR) applications, and rising adoption of unmanned aerial vehicles (UAVs) are some of the key growth factors driving the market.

SLAM Technology Market

Segmentation Analysis

Two-Dimensional (2D) is Larger Offering Category in Industry

In 2019, the 2D category accounted for larger market size in the SLAM technology industry, on the basis of offering. This is due to the increasing use of 2D technology in industrial robots and household robots for location mapping. 2D technology is based on RGB-D mapping, which allows robots to take advantage of RGB and depth information coming from Kinect sensor for efficient location mapping.

Fast SLAM Type is Expected to be the Fastest-Growing Category During Forecast Period

The fast category, based on type, is projected to witness the fastest growth in the SLAM technology market, during the forecast period. The major advantage of fast SLAM is that it can factorize full posterior distribution into a product of landmark distributions and a vehicle path distribution, which can offer accurate location mapping. With the growing demand for 3D environment mapping, the demand for fast SLAM technology is increasing, owing to its higher capability to map a 3D real environment, effectively.

Robotics Application is the Largest Revenue-Generating Category

In 2019, the robotics category accounted for the largest revenue share in the SLAM technology market, on the basis of application. This is due to extensive deployment of SLAM technology in robots for accurate indoor and outdoor location mapping for several purposes, including manufacturing, assembly and packing, transport, earth and space exploration, surgery, weaponry, and laboratory research. SLAM technology-based advanced autonomous robots can optimize their paths and processes in several industries, react to unexpected situations, and navigate around obstacles efficiently.

Commercial End User is Expected to be the Fastest-Growing Category During Forecast Period

The commercial category, based on end user, is projected to witness the fastest growth in the SLAM technology market, during the forecast period. This can be primarily due to the constant developments in microelectronics, wireless communications technologies, global positioning system (GPS) navigation systems, and AR & VR devices.

Geographical Outlook

North America – the Largest Regional Market in Industry

In 2019, North America held the largest share in the SLAM technology market. Increasing investments on robotics, rising AR applications, and presence of a large number of market players are some of the key factors supporting the growth of the industry in the region. Moreover, increasing disposable income and inclination toward technology are the major factors increasing the adoption of automated household appliances, such as vacuum cleaners and lawn mowers, in the region.

Asia-Pacific (APAC) – the Most Expeditious Regional Market

The APAC SLAM technology market is projected to record the fastest growth during the forecast period. Increasing digitalization, growing penetration of UAVs, and increasing AR applications are some of the key factors supporting the growth of the regional market. Further, rising household spending on technologies is also supporting the growth of the industry in the region.

SLAM Technology Market

Trends & Drivers

Advancement in Visual SLAM is a Key Market Trend

Advancement in visual SLAM is a key trend observed in the SLAM technology market. Visual SLAM is quickly becoming an important development in embedded vision with several applications. Visual SLAM is a specific type of SLAM system that leverages 3D vision to perform location and mapping functions. Presently, visual SLAM technology is used in a wide range of applications from AR to field robots. For instance, in AR applications, accurate projection of virtual images onto the physical world requires a precise mapping of the physical environment, and visual SLAM technology is capable of providing this level of accuracy.

SLAM Technology Market

Emergence of Autonomous Vehicles

Emergence of autonomous vehicles is one of the key factors supporting the growth of the SLAM technology market across the globe. Growth in connected vehicle technology and need for safe, productive, and efficient driving options in several countries are driving the demand for autonomous vehicles, globally. Autonomous cars have the potential to reduce deaths and injuries from car crashes, owing to their advanced sensing capabilities. In addition, autonomous vehicles also offer reduced CO2 emissions and consume less fuel, which are further increasing the popularity of these vehicles among populace.

Increasing Number of AR Application

Increasing number of AR application across all verticals is further supporting the growth of the SLAM technology market, worldwide. Presently, AR has large application areas, ranging from healthcare to industrial development. For instance, AR is used in the healthcare industry for several purposes, including vein visualization, surgery, 3D medical imaging, and training. SLAM is a core technology that plays an important role in AR applications. SLAM technology is required to recognize the surrounding environment, which makes it possible for AR devices to recognize 3D objects and scenes, as well as to instantly track the world, and to overlay digital interactive augmentations.

SLAM Technology Market Report Coverage
Report Attribute Details
Historical Years 2014-2019
Forecast Years 2020-2030
Base Year (2019) Market Size $152.2 million
Forecast Period (2020-2030) CAGR 38.3%
Report Coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Company Share Analysis, Companies’ Strategical Developments, Product Benchmarking, Company Profiling
Market Size by Segments By Offering, By Type, By Application, By End User, By Region
Market Size of Geographies U.S., Canada, Germany, France, Italy, U.K., Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Turkey, Saudi Arabia, U.A.E., and South Africa
Secondary Sources and References (Partial List) Association for Advancing Automation, Augmented Reality for Enterprise Alliance, Association for Unmanned Vehicle Systems International, National Agricultural Aviation Association, Commercial Drone Alliance

 

Rising Applications of UAVs

Increasing usage of UAVs for several purposes is another factor that is fueling the demand for SLAM technology. For instance, in defense, UAVs are used for reconnaissance, surveillance, intruder detection, and location mapping; whereas, in agriculture, these are used for crop spraying and livestock monitoring. Moreover, UAVs are also used for pedestrian traffic monitoring, geomagnetic surveys, filmmaking, aircraft maintenance, and several other purposes. Such factors are contributing to the growth of the SLAM technology market.

Competitive Landscape

Market Players Launching New Products to Gain Competitive Edge

The global SLAM technology market is highly competitive in nature, due to presence of a large number of companies. Some of the major players in the sector include Apple Inc., Mobile Industrial Robots A/S, Clearpath Robotics Inc., and Google LLC.

In recent years, players in the industry have launched a number of new and advanced products, in order to stay ahead of their competitors. For instance:

  • In April 2019, Mobile Industrial Robots A/S launched MiR1000, a SLAM-based collaborative robot that can automatically pick up, transport, and deliver pallets and other heavy loads up to 1000 kg (2200 lbs) through dynamic environments. It has two flexible pallet lifts for the two most commonly used types of pallets: the EU pallet and the 40” x 48” pallet. MiR1000 can be programmed via intuitive user interface, or through MiRFleet robot fleet management system.
  • In April 2018,NavVis GmbH announced the launch of M6, a next-generation indoor mobile mapping system. This new mobile mapping system overcomes the scalability and data quality constraints of reality capture technology. M6 can capture 360-degree immersive imagery, photorealistic point clouds, Bluetooth beacons, Wi-Fi signals, and magnetic field data. It also features a mobile light detection and ranging (LiDAR) system that lets it scan up to 30 times faster than stationary devices, letting users capture up to 30,000 square meters in a day.
  • In March 2018,AI Incorporated, a Canada-based AI company, announced the launch of mobile autonomous robots. The company uses SLAM technology combined with deep learning technology in this new generation of robots. The new robot proprietary software called the Quantum SLAM Operating System helps companies to mobilize any given machine.

SLAM Technology Market

Some of the key market players in the market include:

  • Intel Corporation
  • Google LLC
  • Apple Inc.
  • Microsoft Corporation
  • Facebook Inc.
  • NavVis GmbH
  • SMP Robotics Systems Corp.
  • Aethon Inc.
  • Clearpath Robotics Inc.
  • Parrot Drones SAS
  • Rethink Robotics GmbH
  • MAXST Co. Ltd.
  • Magic Leap Inc.
  • Hi-Tech Robotic Systemz Limited

SLAM Technology Market Size Breakdown by Segment

The SLAM technology market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Offering

  • Two-Dimensional (2D)
  • Three-Dimensional (3D)

Based on Type

  • Extended Kalman Filter (EKF)
  • Fast
  • Graph-Based

Based on Application

  • Robotics
  • Unmanned Aerial Vehicle (UAV)
  • Augmented Reality (AR)/Virtual Reality (VR)
  • Autonomous Vehicle

Based on End User

  • Commercial
  • Military
  • Agriculture & Forestry
  • Mining
  • Automotive
  • Manufacturing & Logistics
  • Household Appliance

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • Turkey
    • Saudi Arabia
    • U.A.E.
    • South Africa
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws