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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
SLAM Technology Market Size was valued US$ 68.3 Mn in 2023 and is poised to grow with a CAGR of 58.1% from 2024-2030. 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.
Study Period
2024-2030Base Year
2023CAGR
58.1%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
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.
Global SLAM technology market report gives comprehensive outlook onNorth America accounted for considerable revenue share in global SLAM technology market and is expected to grow over the forecast years. The growth in this region can be attributed to the large-scale acceptance of technologically sophisticated products along with huge awareness of SLAM technology in the region. Also, enormous existence of industry behemoths along with growing partnerships between firms to create new products will additionally fuel the regional market expansion. Asia Pacific held substantial market share during estimated period owing to high expenditure on augmented reality technology. U.S is the major contributor for the growth of the market in the region. SLAM technology across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
58.1% |
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The slam technology size was valued at US$ 68.3 million in 2023
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.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.