SLAM Technology Market Size, Share Global Analysis Report, 2021 - 2026

Industry Insights

[215+ Pages Report] The latest report titled “Global SLAM Technology Market” published by Facts & Factors encompasses the spectacle of the market in an analytical and comprehensive manner. In this study, the global SLAM Technology Market is projected to value around USD 435 Million in the year 2026 from an initial value of USD 103 Million in the year 2020 at a CAGR value of 29.7%.

Market Overview

SLAM technology or simultaneous localization and mapping is the computation simulation of construction or deconstruction a topographical area of an unknown environment while simultaneously keeping the location of the user updated within the boundaries. These algorithms are based on concepts that are often integrated from computational geometry and computer vision and are often used in robot based navigation, robotic mapping, and odometry for a wider range of virtual reality or augmented reality based problems.

Industry Growth Factors

The global SLAM technology market is expected to witness a higher growth rate during the forecast period owing to increased adoption of UAV based application coupled with rising prevalence of mapping based technology to name a few. Additionally, increasing adoption of SLAM based simulation from various sectors such as automotive and construction coupled with rising functionality of the latter technology which helps in complex navigational issues will increase the footprint of the global SLAM technology market during the forecast period. Moreover, escalating demand of self-robotics coupled with rising number of virtual reality based applications are expected to open new revenue opportunities for the global SLAM technology market during the forecast period.

The global SLAM technology market is expected to be driven by rising demands from commercial, household, and autonomous vehicles to name a few. However, a higher cost of implantation and complex technological measures are expected to hinder the growth of the global SLAM technology market during the forecast period.

Segmentation Analysis

The global SLAM technology market is segmented intooffering, type, application, and region.

On the basis of offering, the global SLAM technology market is divided into2D SLAM and 3D SLAM. The segment pertaining to 2D SLAM is expected to witness the largest market share during the advent of the forecast owing to the rising use case in domestic robotic based applications coupled with increasing applications arising from location tracking and depth data sources to name a few. On the basis of type, the global SLAM technology market is broken down into EKF SLAM, fast SLAM, graph-based SLAM, and others. The  fast SLAM segment is expected to witness the largest market share during the advent of the forecast owing to increased benefits of the latter over its counterparts in terms of its ability to completely reverse distribution coupled with increased functionality of landmark distribution and redistribution of automotive routes to name a few. On the basis of application, the global SLAM technology market is fragmented intorobotics, UAV, AR/VR, automotive, and others. The segment pertaining to AR/VR is expected to witness the largest market share during the advent of the forecast owing to increasing middle-class population, rising disposable income, and advancements in SLAM technology pertaining to improving mapping accuracy and flexibility from cloud services to name a few.

Report Scope

Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast owing to increasing SLAM adoption rate from its inception period coupled with expanding list of UAV technology. Additionally, a well-established economy coupled with rising presence of key market players in the region is expected to increase the footprint of the SLAM technology market during the forecast period. Rising technological propensities in the sector coupled with increasing automation measures in household machinery is expected to boost the SLAM technology market during the forecast period. The region of Asia-Pacific is expected to witness a substantial amount of market share during the forecast period owing to rising scanning measures, increasing adoption of UAV vehicles, and rising spending onhousehold technology to name a few.

Competitive Players

The key market participants for the global SLAM technology market are

• Apple Inc.
• Microsoft Corporation
• Facebook Inc.
• Alphabet Inc.
• Aethon Inc.
• Fetch Robotics Inc.
• Intel Corporation
• Amazon Robotics
• Skydio Inc.
• Clearpath Robotics Inc.
• The Hi-Tech Robotic Systemz
• Intellias
• Rethink Robotics
• NavVis
• Mobile Industrial Robots ApS

By Offering Segment Analysis

• 2D SLAM
• 3D SLAM

By Type Segment Analysis

• EKF SLAM
• Fast SLAM
• Graph-Based SLAM
• Others

By Application Segment Analysis

• Robotics
• UAV
• AR/VR
• Automotive
• Others