The development of autonomous vehicles sustains the growth of the global market of SLAM technology. Advancements in connected vehicle technology and the rise in requirement for productive, safe, and proficient driving choices are surging the demand for autonomous vehicles. Such vehicles offer decreased carbon dioxide emissions and utilize less fuel, further rising their popularity among the population. They are installed with a range of sensors, a navigation system, a laser rangefinder, a radar, and the SLAM technology that make the vehicles proficient of detecting their environment and navigating. With the rise in demand for autonomous vehicles, the implementation of SLAM technology will bolster in the automotive sector.
COVID-19 Impact on Industry
The COVID-19 pandemic had an adverse effect on the adoption of SLAM technology as the production of UAVs and SLAM-based robots was terminated for several months according to the protocols imposed by various government bodies. Nevertheless, the market is now perceiving growth with corporations across industries investing in industrial robots and UAVs to foster production and proficiency.
Business Research Insights states that the global SLAM technology market size was USD 225.5 million in 2020 and is projected to reach USD 3,157.7 million by 2027 at a CAGR of 44.3% during the 2022-2027 period.
Below mentioned is the list of players functioning in the market.
1. Gestalt Robotics
Gestalt Robotics is a software and solution company, which is functioning at the interface of standard industrial automation as well as artificial intelligence.
2. NavVis
NavVis empowers service offers and enterprises to seize and share the constructed environment as a photorealistic digital twin by narrowing the gap between the physical and digital environment. The SLAM-grounded mobile mapping systems by NavVis produce high-quality data with survey-grade precision at high speed and scale.
3. KUKA AG
KUKA AG is a German producer of industrial robots and systems for industry automation. It has been principally possessed by the Chinese company Midea Group from 2016. KUKA Systems GmbH, a division of KUKA AG, is a global supplier of engineering processes and automated production systems, with roughly about 3,900 people working in approximately 12 nations across the world.
4. Amazon Robotics
Amazon Robotics, previously known as Kiva Systems, is a Massachusetts-located company that is involved in mobile robotic fulfillment systems production. It is a subsidiary corporation of Amazon.com and its automated storage & retrieval systems were predominantly utilized by other companies.
5. Aethon
Aethon provides automated hospital delivery and asset administration applications. It offers TUGA, which is an Automated Robotic Delivery (ARD) system.
6. Shanghai Slamtec Co. Ltd.
Shanghai Slamtec Co. Ltd. produces robot constituents. The company is involved in manufacturing of robot autonomous location navigators, robot core sensors, and numerous other offerings. Shanghai Slamtec also endorses its products to Asia, Europe, North America, and other nations as well as regions.
7. Omron Adept Technologies
Omron Adept Technologies, Inc. is an international corporation with headquarters in Pleasanton, California, U.S. The company emphasizes industrial mechanization and robotics involving software and vision supervision. It also has working locations all across the U.S. as well as in Dortmund, Germany, Paris, France, and Singapore.
8. Ascending Technologies
Ascending Technologies is a pioneering developer and producer of micro UAS for professional, civil, and research usage. The company was founded in 2007 and its parent company is Intel.
9. Parrot SA
Parrot SA is a France-based wireless products production company based in Paris. It was founded in 1994 by Christine/M De Tourvel, Jean-Pierre Talvard, and Henri Seydoux. Since 2017, it has concentrated solely on drone production and advancements.
10. Locus Robotics
Locus Robotics has a deep warehouse heritage and comprehensive, first-hand knowledge regarding the advancement and development of warehouse automation. The founders of the company were early implementers of robotics technology to refine warehouse output. They promptly detected what robots are competent at accomplishing and what they lack. This is what inspired the company to manufacture something superior.
Upcoming Advancements in the Industry
Development in SLAM is a crucial trend in the global market for SLAM technology. Visual SLAM is promptly becoming an indispensable advancement in embedded vision, with numerous end-uses. It is a type of SLAM system that influences 3D vision to execute mapping and location operations. With substantial developments in the computer processing speed and the accessibility of low-cost sensors like cameras and laser rangefinders, this technology is utilized in a widespread assortment of end-users from field robots to Augmented Reality (AR).