SLAM Technology Market Revenue Value to Exceed USD 435 Million by 2026, Globally: Facts & Factors

November 25, 2021

[215+ Pages Research Study] According to market research study published by Facts and Factors, the demand analysis of global Simultaneous Localization and Mapping (SLAM) Technology Market size & share revenue is expected to grow from USD 103 Million in 2020 to reach USD 435 Million by 2026, at 29.7% annual CAGR during 2021-2026. The market player’s profiles included in report with their sales, revenues and strategies are Apple, Inc., Microsoft Corporation, Facebook, Inc., Alphabet, Inc., Aethon, Inc., Fetch Robotics, Inc., Intel Corporation, Amazon Robotics and Others.

/EIN News/ -- New Jersey, United Kingdom, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “SLAM Technology Market By Offering (2D SLAM & 3D SLAM), By Type (EKF SLAM, Fast SLAM, Graph-Based SLAM & Others), By Application (Robotics, UAV, AR/VR, Automotive, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” in its research database

“According to the latest research study, the demand of global SLAM Technology Market size & share expected to reach to USD 435 Million by 2026 from USD 103 Million in 2020, at a compound annual growth rate (CAGR) of 29.7% during the forecast period 2021 to 2026”

What is Simultaneous Localization and Mapping (SLAM) Technology? Report Overview & Coverage:

SLAM technology or simultaneous localization and mapping is the computation simulation of construction or deconstruction of 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.

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Industry Major Market Players

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Market Growth Drivers

The global SLAM technology market is expected to witness a higher growth rate during the forecast period owing to increased adoption of UAV-based applications coupled with the 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 for self-robotics coupled with the rising number of virtual reality-based applications is 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 the 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.      

Global SLAM Technology Market: Report Scope

Report Attribute Details
Market Size 2020 Value USD 103 Million
Market Forecast for 2026 USD 435 Million
Expected CAGR Growth CAGR 29.7% from 2021-2026
Base Year 2020
Forecast Year 2021-2026
Top Market Players Apple, Inc., Microsoft Corporation, Facebook, Inc., Alphabet, Inc., Aethon, Inc., Fetch Robotics, Inc., Intel Corporation and Others
Segments Covered Offerings, Types, Applications, and Region
Geographies Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Pricing Options Request customized purchase options to meet your research needs. Explore purchase options

Market Segmentation

The growth of the segment is due to the massive usage of SLAM technology in the coining of algorithms intended at solving simultaneous localization & mapping issues in the development of augmented reality kits.

The constant breakthroughs in microelectronics, GPS navigating systems, and wireless communications technologies are likely to steer the demand for SLAM technology in the commercial segment.

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Also Read, Press Release on Global SLAM Technology Market Size & Share, 2021-2026

Regional Dominance:

The market in North America is set to accrue massive revenue gains over the forecast period. The regional market growth is due to the large-scale acceptance of technologically advanced products along with massive awareness of SLAM technology in the region. Moreover, the humungous presence of industry behemoths along with growing partnerships between firms to create new products will further steer the regional market expansion.

Furthermore, the huge presence of SLAM-based UAV sense & avoid systems producers in the countries like the U.S. for commercial as well as non-commercial purposes will drive the growth of the industry in North America. Additionally, high expenditure on augmented reality technology in countries like the U.S. will propel regional market growth.

Browse the full “SLAM Technology Market By Offering (2D SLAM & 3D SLAM), By Type (EKF SLAM, Fast SLAM, Graph-Based SLAM  & Others), By Application (Robotics, UAV, AR/VR, Automotive, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” Report at https://www.fnfresearch.com/slam-technology-market-by-platform-augmented-reality-unmanned-157

This report segments the SLAM technology market as follows:

Global SLAM Technology Market: By Offering Segment Analysis

Global SLAM Technology Market: By Type Segment Analysis

Global SLAM Technology Market: By Application Segment Analysis

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