Simultaneous Localization and Mapping Technology Market $2bn by 2024 - PowerPoint PPT Presentation

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Simultaneous Localization and Mapping Technology Market $2bn by 2024

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Request Sample of Report @ North America dominates the global SLAM technology market with an industry share of 50.5% in 2017. The major factor contributing to the growth include the presence of several drone manufacturers in this region. Being home to some of the leading SLAM solution providers including Apple and Google, the region is presenting new growth prospects for advanced adoption of the SLAM technology. – PowerPoint PPT presentation

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Date added: 10 October 2018
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Title: Simultaneous Localization and Mapping Technology Market $2bn by 2024


1
SLAM Technology Market to reach USD 2 billion by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from SLAM Technology Market
  • Global Simultaneous Localization and Mapping
    (SLAM) Technology Market to reach USD 2 billion
    to grow at a CAGR of over 71 from 2018 to 2024
    according to a new research report by Global
    Market Insights, Inc. The rising technological
    developments and growing awareness regarding the
    benefits offered by the SLAM technology are
    primarily driving the market demand.
  • Over the past five years, leading technology
    companies, such as Google, Facebook, and Amazon,
    have made significant investments in SLAM
    technology to indulge into various business
    expansion strategies such as new product
    developments and mergers acquisitions. For
    instance, in 2015, Apple acquired an AR company,
    Metaio, after the company announced a SLAM
    capability in its Software Development Kit (SDK).
    This acquisition has assisted Apple to include
    Metaios technical SLAM base into its product,
    ARkit, an AR framework for developers.

3
Continued...
  • Numerous mapping technologies, such as
    marker-based tracking and GPS, are used in
    various sectors including military, agriculture
    forestry, and other commercial sectors. However,
    these technologies do not work efficiently
    indoors and even in certain outdoor locations
    that lack a clear view of the sky. To overcome
    these drawbacks, companies are now adopting the
    SLAM technology that works efficiently indoors as
    well as in urban environments and provides high
    accuracy.
  • The SLAM technology uses various types of sensors
    including tactile sensors, image sensors, and
    LiDAR to develop a map of a space along with
    determining the location of the device within
    that space. The other benefits offered by the
    SLAM technology include easy navigation without
    reliance on external technologies and real-time
    formation of 3D maps with reduced cost power
    requirements, driving its market growth.

4
Singapore SLAM Market Share, By Application, 2017

5

Browse Full Market Research Report On SLAM
Technology Market _at_ https//bit.ly/2IL0ypq
Request for a Sample of this Research Report
_at_ https//bit.ly/2RD0lsk
6
Continued...
  • The autonomous vehicles segment is anticipated to
    grow at the fastest rate over the forecast
    period. Autonomous driving involves various
    critical tasks, such as navigation, planning, and
    collision avoidance, which cannot be fulfilled by
    sparse map representations. To obtain dense maps,
    SLAM technology has been used to produce highly
    accurate maps. Googles driverless cars employ
    the SLAM technology that uses roof-mounted LiDAR
    sensors for creating a 3D map of their
    surroundings.
  • This is done by the system within 10 seconds as a
    quick response is necessary since the machine
    being tracked is moving with high speed and
    acceleration. These mappings are then augmented
    over the existing Google maps. With the aid of
    these readings, the autonomous system makes
    important driving decisions using the statistical
    probabilistic algorithms, creating a more
    enhanced autonomous driving experience.

7
Continued...
  • The commercial sector dominates the global SLAM
    technology market with an industry revenue of USD
    22.2 million in 2017 anticipated to reach USD
    933.4 million by 2024. Various industries using
    the SLAM technology include healthcare,
    hospitality, construction, service, education,
    automotive, retail, and wholesale departments.
    The healthcare department requires image guidance
    systems for performing critical surgeries. These
    systems must be capable of displaying a detailed
    computer-based 3D visualization that enables the
    surgeon to rotate the 3D model on the computer
    for gaining an enhanced understanding of the
    location of the robot with respect to the
    anatomical target.
  • The existing image guidance systems have limited
    functionality with certain restraints, such as
    inaccuracy and inefficiency, to convey all the
    available information. The adoption of SLAM
    technology in the medical systems enhances their
    accuracy in estimating dynamic information and
    gives precise inferences of deformation during
    surgeries.

8
Industry Coverage

9
Continued...
  • North America dominates the global SLAM
    technology market with an industry share of 50.5
    in 2017. The major factor contributing to the
    growth include the presence of several drone
    manufacturers in this region. Being home to some
    of the leading SLAM solution providers including
    Apple and Google, the region is presenting new
    growth prospects for advanced adoption of the
    SLAM technology. The companies functioning in
    this region are also involved in new product
    development strategies for expanding their
    presence in the highly lucrative market.
  • AI Incorporated, a leading Canadian AI and
    robotics research firm, launched the design of
    the mobile autonomous robot, a new application
    for mobile robotics. This innovation will render
    humans from emptying trash bins as the bins will
    automatically leave their place to be emptied
    during their pickup time. These robots use the
    SLAM technology to avoid obstacles and
    automatically navigate toward the truck on its
    arrival.

10
Continued...
  • Market expansion and new product developments are
    the main strategies adopted by the enterprises
    operating in the SLAM technology market. The
    prominent companies functioning in the industry
    include Google, Facebook, Apple, Parrot SA, Kuka
    AG, Microsoft Corporation, SMP Robotics,
    Wikitude, GeoSLAM Ltd., Kudan, Clearpath
    Robotics, Inc., DIBOTICS, Aethon, Fetch Robotics,
    Ascending Technologies GmbH and NavVis.

11
Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope 1.1.5. Definition 1.1.6.
Methodology and research parameters 1.2. Data
Sources 1.2.1. Primary 1.2.1.1. Paid
Sources 1.2.1.2. Public Sources 1.2.2.
Secondary Chapter 2. Executive Summary 2.1.
SLAM technology industry 360º synopsis, 2015 -
2024 2.1.1. Business trends 2.1.2. Regional
trends 2.1.3. Motion trends 2.1.4. Platform
trends 2.1.5. Application trends
12
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