The Global SLAM Technology market size is forecasted to be worth USD 1,829.4 Million by 2027, according to latest analysis by Emergen Research.

The rising adoption of UAV applications and the growing prevalence of mapping technology is driving the demand for the market.

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 extensive analysis covered in the report offers insights into the estimated growth of the market during the forecast timeline. The report estimates the CAGR at which the market is expected to grow throughout the forecast timeline of 2020-2028.

The analysis is done on the basis of the authentic and relevant information obtained from in-depth primary and secondary research. Additionally, the factors expected to drive or restrain the growth of the market are studied extensively in the report.

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Some Key Highlights From the Report

• In August 2020, Mobeewave was acquired by Apple Inc. Apple put itself in competition with Jack Dorsey's Square, which was a pioneer in mobile and tablet payment technologies, with the deal. Also, Apple will deliver fast, simple payments without any other apps by integrating Mobeewave 's technology.
• The largest market over the forecast timeline is accounted for by the 2D segment due to SLAM technology's wide utilization in industrial robotics.
• Over the forecast timeline, the robotics segment is anticipated to hold the largest market with a CAGR of 38.6% due to SLAM technology's extensive use in many robotics applications for accurate outdoor and indoor location tracking.
• Over the forecasted timeframe, the mining industry is likely to hold the largest market. The factors driving the market growth comprise a notable increase in the substantial level of risk control and risk reduction accomplished by integrating SLAM technologies.

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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Elements analyzed in the report:

The Global SLAM Technology Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.

Regional Analysis of the SLAM Technology Market includes:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In the forecast period, North America will lead the market. Higher spending on robotic systems, the rising implementation of Augmented reality, and the presence of significant players in the market are boosting the region's market development.

Radical Highlights of the SLAM Technology Market Report:

• Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
• Focus on market scenario, dynamics, and trends to be expected in the coming years
• Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
• Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
• Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
• Accurate 8-year forecast analysis for the growth of SLAM Technology market
• Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations

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