Market Trends – The rise in the autonomous vehicle's adoption.

Emergen research’s latest document, titled ‘SLAM Technology Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global SLAM Technology market. The report’s authors have offered necessary details on the latest SLAM Technology market trends and the crucial parameters impacting both short-term and long-term market growth.

The global SLAM Technology Market is forecasted to be worth USD 1,829.4 Million by 2027, according to a current analysis by Emergen Research. The global simultaneous localization and mapping (SLAM) technology market is forecasted to grow significantly, owing to UAV applications' rising adoption. The growing prevalence of mapping technology is anticipated to further propel the market growth over the forecasted timeframe. Besides, the rapid adoption of autonomous vehicles worldwide is also expected to augment the market over the forecasted timeline. The expensive setup cost of this technology and raising issues for security of the system is anticipated to hinder the market growth over the forecasted timeframe. The largest market over the forecast timeline is accounted for by the 2D segment due to SLAM technology's wide utilization in industrial robotics.

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Key participants include Apple Inc., Microsoft Corporation, Facebook, Inc., Alphabet Inc., Aethon Inc., Fetch Robotics, Inc., Intel Corporation, Amazon Robotics (Kiva Systems), Skydio, Inc., and Clearpath Robotics, Inc. among others.

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the SLAM technology products is expected to drive the demand for SLAM technology, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.

Key Points of SLAM technology Market:

• Extensive coverage of the analysis of the SLAM technology market
• Key insights into the regional spread of the industry in key geographies
• Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
• Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the SLAM technology market
• Complete data about the key manufacturers and vendors in the SLAM technology market

Emergen Research has segmented the global SLAM Technology Market on the basis of type, offering, application, end-use, and region:

Type Outlook (Revenue, USD Million; 2017-2027)

• Graph-Based
• Extended Kalman Filter
• Fast

Offering Outlook (Revenue, USD Million; 2017-2027)

• 2D
• 3D

Application Outlook (Revenue, USD Million; 2017-2027)

• UAV
• Autonomous Vehicle
• Robotics
• Augmented Reality
• Virtual Reality
• Others

End-Use Outlook (Revenue, USD Million; 2017-2027)

• Automotive
• Defense
• Mining
• Manufacturing
• Agriculture
• Logistics
• Forestry
• Commercial
• Household

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.