- EKF SLAM
- Fast SLAM
- Graph-Based SLAM
SLAM Technology Market Size was valued USD 66.3 Mn in 2022 and is poised to grow with a CAGR of 68.3% from 2023-2029. SLAM Technology Market Robotics segment accounted for larger revenue share in global SLAM technology market with a significant CAGR and is expected to grow over the forecast years. Various factors responsible for the rising acceptance of robots include rising labor cost, growing aging population, technological innovations, investments in robotics, and the global competition. The robots work mainly in crowded environments among people and require high complication detection and avoidance capabilities. The adoption of SLAM technology delivers cost-effective and low-powered solutions, making the robots to work effectively in any environment. Hence, with the SLAM technology being integrated into the robots to support diverse kinds of applications, their demand is expected to rise over the forecast period. Global SLAM technology market is surging owing to strategic alliances by key players for SLAM technology to meet the demands of the customers in the market. For Instance, In Mar 2013, Intel (US), in association with Mobileye (Israel), launched a road experience management (REM) platforman HD mapping solution that uses data collected by REM-capable vehicles to build maps that can be used in ADAS and autonomous driving systems. In Sept 2017, Intel (US) collaborated with Waymo (US), a subsidiary of Alphabet, to provide computing power required for Level 4 and 5 autonomous vehicles.
Fastest Growing Market
SLAM Technology Market rising number of industries moving over to automation, massive demand for SLAM technology in self-driven cars, utilization of SLAM in drones, escalating use of the technology in augmented reality, increasing adoption of 3D machine vision and increasing geopolitical tensions and a growing economy. However, availability of restricted bandwidth may restrict the growth of the market. Further, high growth in emerging economies and ongoing research activities in this field provides huge growth opportunity for the market.
The slam technology size was valued at USD 66.3 million in 2022
The slam technology market key players are: Facebook Google Intel Corporation Microsoft Corporation GeoSLAM Limited Velodyne Lidar Amazon Robotics Apple Inc. Ascending Technologies GmbH Clearpath Robotics
The slam technology market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
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