Global Simultaneous Localization and Mapping Technology Market Research Report 2020-2030 - ResearchAndMarkets.com
Summary
The global simultaneous localization and mapping (SLAM) technology market is predicted to progress at a CAGR of 38.3% from 2020 to 2030 and attain a valuation of $3,775.3 million by 2030. The main factors propelling the advancement of the market are the increasing utilization of unmanned aerial vehicles (UAVs), development of autonomous cars, and the ballooning number of AR (augmented reality) applications across the world. On the basis of type, the SLAM technology market is categorized into graph-based, fast, extended Kalman Filter (EKF), and others. The main reason behind the large-scale utilization of 3D technology in these applications is the fact that these applications require the accurate mapping of the physical environment in order to achieve completely accurate projection of the virtual images on the physical space and this level of precision can only be provided by 3D technology. Globally, the Asia-Pacific (APAC) SLAM technology market is predicted to exhibit the most lucrative growth in the forthcoming years.