Drone Demand Rise Fuels Military and Commercial Opportunities.

Dublin-based firm ResearchAndMarkets.com has released a report on the SLAM technology market outlook, which highlights the increasing demand for the technology in a variety of applications including in the military, commercial and domestic sectors. The report suggests that while challenges, such as loop closure, are currently hindering the market, the emergence of autonomous vehicles and the growing need for self-operating drones could spur future growth.

The global SLAM market is projected to grow rapidly from $245.1 million in 2023 to $1.2 billion by 2027, with a CAGR of 27.5%. The report segments the market by type, technology, application, and geography. The 2D SLAM market is currently leading the sector, with a 72.4% share due to the increased use of the technology in industrial and residential applications. Meanwhile, EKF-based SLAM accounting for the dominant share, with 58.2% in the market due to its consistency in exhibiting state variables and limited algorithm complexity over other technologies.

The Market Overview

The report highlights the potential for growth in the SLAM market, particularly with the increasing demand for drones and other autonomous vehicles, such as self-driving cars. SLAM technology is anticipated to be used in AR applications, retail, advertising, building information modeling, and more. The report also explores market dynamics and identifies trends, opportunities, and challenges affecting the market.

Project Scope and Methodology

The report provides a detailed methodology for their research and analysis. The assessment includes the size of the market and analysis of market trends, offering, type, application, and region, among other factors. Additionally, the report features a competitive landscape of leading market players such as Alphabet, Amazon Robotics, Apple, Clearpath Robotics, and Intel Corp, and highlights their proprietary technologies, strategic alliances, and other key strategies. Companies mentioned in the report include those within the industry, international market research firms, and international and regional markets.

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. The company provides up-to-date reports and data on key industries, top companies, and the latest trends in international and regional markets. They offer high-quality research services to clients globally, including governments, universities, agencies, and businesses.