Skip to main content

Simultaneous Localization and Mapping (SLAM) Technology is Anticipated to Grow at a CAGR of 66.6%


GPS technology today plays the most crucial role in the transport and infrastructure industry and finds its applications in several day-to-day activities such as shopping, searching locations, and traffic navigation. Despite offering a never-ending list of advantages, GPS technology has its share of disadvantages, inaccuracy and the inability to work inside a closed environment.

The simultaneous localization and mapping (SLAM) technology has emerged as an ideal solution to overcome the shortcomings of GPS technology. SLAM technology converts visual data from the physical world in a format that’s understandable for machines and helps produce suitable outputs. The technology has helped indoor machines in understanding maps of the local environment and adapt themselves according to the surroundings. 

At present SLAM technology is used for a variety of platforms such as robots, unmanned aerial vehicles (UAVs), augmented reality, and autonomous vehicles. Technology giants such as Apple Inc. and Google too are investing in developing SLAM technology-based products. Considering the immense potential that the technology holds and the popularity it is gaining, BIS Research published a market intelligence report titled “Global SLAM Technology Market – Analysis and Forecast (2018 - 2027).”

According to the study, the global SLAM technology market is projected to grow at a double-digit CAGR of 66.6% during the forecast period, 2018 - 2027 and reach $8229.4 million by 2027. The tremendous growth of the market can majorly be attributed to the refinement in the implementation of the technology and the growing demand of the technology from varied end-users, especially from the robotics industry. 

Additionally, the report by BIS Research examines the SLAM technology market for different platforms on the basis of end-users for the respective platform and the global SLAM technology market by region, and also discusses the company profiles of leading players investing in the market. 
With ongoing efforts from prominent players such as Google Inc., Apple Inc., Parrot, KUKA, and Amazon Robotics to develop high-end solutions and products based on SLAM technology, which is significantly expected to increase its area of application and end-users, and consequently, the market is expected to expand widely.

 Related Reports:

 Global Fixed-Wing VTOL Aircraft Market - Analysis and Forecast 2017-2026

 Global Nano Drones Market - Analysis and Forecast 2017-2023

 Global Multi-Rotor Drone Market - Analysis and Forecast 2016-2022

Labels:

Comments

Post a Comment

Popular posts from this blog

Understanding How the Human Centric Lighting Market is Segmented

Lighting plays a significant role in the lives of people, it has the potential to bring about positive changes in people’s behaviour. In the year 1989, a research was carried out and it proved that natural daylight can trigger the production of melatonin and serotonin, two of the most important hormones in the human body. These two hormones are responsible for inducing peaceful sleep and happiness in people. This led to the research and development in the field of human centric lighting (HCL). According to a report published by the BIS Research , the HCL market is expected to grow at a CAGR of 37.2% and 35.2% both in terms of volume and value during the forecast period (2018 – 2024). The HCL is segmented by the component, end-user and by region. Request the Sample: Human Centric Lighting Market The human centric lighting market can be further segmented by component, type, end-users, and region. The components or the controls are further segmented as microprocessors & microco...
Post a Comment
Read more

Global Surgical Robotics Market: Analysis and Forecast, 2018-2025

Global Surgical Robotics Market: Focus on Products and Services (Surgical Systems, Instruments & Accessories, and Services & Maintenance), Applications, End Users, and Competitive Landscape: Analysis and Forecast, 2018-2025. Rising incidences of colorectal cancer, neurological disorders, interventional cardiology disorders and gynecological diseases, growing geriatric population, and active participation of the government and the industry players in the technological advancement in the field of computer assisted robotic surgeries have boosted the overall growth of this market. Another factor which significantly contributes to the revenue generation of a company is the recurring sale of equipment and accessories of a surgical system. The surgical robotics vendors generate revenue through one time sale of the surgical system and generate the recurring  revenue from the sale of equipment and accessory products and maintenance services used in the surgical system. A...
1 comment
Read more

Liquid Biopsy, North America, and Lung Cancer Occupying a Major Share in the Market

  Owing to the market availability of large number of liquid biopsy technologies, the liquid biopsy segment currently accounts for a dominating share in the global minimally invasive biopsy technologies market . However, the market growth in the segment can be attributed to the increasing demand for liquid biopsy and the strong product pipeline. For instance, CNI Second Opinion by Chronix Biomedical is presently under development and is expected to get launched during the forecast period 2019-2030. Owing to a widespread market presence of leading players and the huge prevalence of cancer, North America presently holds a major share in the global minimally invasive biopsy technologies market. According to the World Cancer Research Fund (WCRF), with an estimated 2 million cases in 2018, lung cancer is the most commonly occurring cancer in men and third-most commonly occurring cancer in women. Due to the widespread presence of cancer, the manufacturers including Biocept, Inc., Chron...
Post a Comment
Read more