Simultaneous Localization and Mapping Market: Asia Pacific is Expected to Expand at a Rapid Pace

The global simultaneous localization and mapping market can be segmented based on technique, type, motion, platform, application, and geography. Based on technique, the simultaneous localization and mapping market can be classified into topological SLAM, EKF SLAM, fast SLAM, graph-based SLAM, scan matching, approximation, and others. In terms of type, the simultaneous localization and mapping (SLAM) market can be divided full SLAM, online SLAM, and integrations (marginalization).

Based on motion, the simultaneous localization and mapping market can be classified into 2D and 3D motion. In terms of platform, the simultaneous localization and mapping market can be categorized into robot, autonomous vehicle, reef monitoring, planetary rovers, unmanned aerial vehicle, and others. Based on application, the simultaneous localization and mapping market can be categorized into government, military, defense, automotive, manufacturing, logistics, and others.

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In terms of geography, the global simultaneous localization and mapping market can be classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the global simultaneous localization and mapping (SLAM) market during the forecast period. This is due to the strong presence of commercial and non-commercial drone camera manufacturers in the region.

Europe is estimated to account for a leading share of the global simultaneous localization and mapping market during the forecast period, due to an increase in demand for robots across various industries. The simultaneous localization and mapping market in Asia Pacific is expected to expand at a rapid pace in the near future, owing to development in the automotive industry in emerging countries such as India, China, etc.in the region. The simultaneous localization and mapping market in South America and Middle East & Africa is estimated to expand at a moderate rate due to development in mapping technologies in domestic robots applications.

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Key players operating in the global simultaneous localization and mapping market are focusing on strengthening their presence through research and development, product launches, collaborations and partnerships, and acquisitions. Enterprises are also seeing enormous potential for the simultaneous localization and mapping (SLAM) technology in autonomous vehicles applications. For instance, Alphabet, Inc., a multi-industry company based in California, U.S., uses simultaneous localization and mapping in its self-driving cars. It is researching the technology under its fully owned subsidiary Waymo. Additionally, the launch of simultaneous localization and mapping (SLAM) technology in robots and UAVs has led to new launches and innovations. For instance, in July 2018, Parrot SA, a wireless products manufacturer based in Paris, launched ’SLAM dunk.’ It is system that can be attached to any UAV to provide it with a free operation feature. Major companies operating in the global simultaneous localization and mapping (SLAM) market include Aethon Inc., Wikitude GmbH, Vision Robotics Corporation, Apple Inc., Fetch Robotics, Inc., Google LLC, Mobile Industrial Robots ApS, SLAMcore Limited, Kuka AG, Ascending Technologies GmbH, and Apple Inc..