Simultaneous Localization And Mapping Market Size, Share, Opportunities, And Trends By Type (Fast SLAM, Graph-Based SLAM, EKF SLAM, Others), By Offering (2D SLAM, 3D SLAM), By Application (Robotics, Automotive, Unmanned Aerial Vehicle, AR/VR, Others) And Geography - Forecasts From 2019 To 2024

Simultaneous Localization and Mapping (SLAM) refers to a technology or algorithm that is used for estimating the pose of a robot and mapping the environment at the same time. The ability of the SLAM technology to quickly finish the set of operations as compared to other available technologies is leading to growing popularity and demand. Moreover, the growing investment in the AR/VR landscape is further projected to drive the growth of the market during the forecast period. Further, advancements in SLAM algorithms are expected to widen the growth opportunities. The SLAM market has been segmented on the basis of type, offering, application, and geography. In the offering segment, 2D SLAM is expected to hold a significant market share owing to its growing usage of robots. Further, in the application segment, AR/VR along with robotics is anticipated to grow at a substantial rate on account of the rising usage of AR/VR in various industry verticals such as education, healthcare, and manufacturing among others. Geographically, North America is projected to grow at a significant rate due to the early adoption of SLAM for automation coupled with increasing investment for innovation.

DRIVERS

o Rising demand for drones

o Growing AR/VR sector.

RESTRAINTS

o Inefficiency and unpredictability in an untested environment.

INDUSTRY UPDATE

o In January 2018, ILIFE, a world-renowned robot vacuum manufacturer, launched its flagship robot vacuum A8 which uses a CV-SLAM graphics algorithm for mapping and route planning.

The major players profiled in the Simultaneous Localization and Mapping market include Intel Corporation, Apple, Inc., Google, Inc., Facebook, Inc., Intellias, MAXST Co., Ltd., Clearpath Robotics, Inc., and Skydio.

Segmentation

The Simultaneous Localization and Mapping market has been analyzed through the following segments:

• By Type

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

• By Offering

• • 2D SLAM
  • 3D SLAM

• By Application

• • Robotics
  • Automotive
  • Unmanned Aerial Vehicle
  • AR/VR
  • Others

• By Geography

• • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others