Simultaneous Localization and Mapping Technology Market to witness heavy growth prospects via autonomous vehicle platform segment

Simultaneous Localization and Mapping Technology Market in autonomous vehicle platform segment is anticipated to grow exponentially in the coming years. The car makers and technology companies are together working toward improving the reliability and mechanics of self-driving vehicles. Various companies are investing in the autonomous vehicle industry to meet the growing customer safety requirements.

Simultaneous localization and mapping technology market is set to witness strong growth in the coming years owing to the rapid adoption of advanced technologies by diverse industrial sectors. Unprecedented growth in digital and remote communication technology has accelerated the development of robots and UAVs, which are ideal for installing sensors and mapping systems. The eagerness of core industries to utilize modern technology for replacing human workforce in hazardous or time consuming tasks has further pushed the simultaneous localization and mapping technology market penetration.

Get sample copy of this research report @

Benefiting from higher commodity prices, the top 40 mining companies globally had recorded earnings of nearly USD 496 billion in 2016, demonstrating the massive scale of mining activities and the potential to improve bottom lines. As old mines get exhausted, these companies are expected to start exploring new mines to keep the mineral supply flowing, indicating the possibility of significant expansion for the simultaneous localization and mapping technology market.

Growing automotive and manufacturing segments have not only deployed collaborative robots that assist in assembling products but also autonomous robots that roam factory floors and have to face a number of human and stationary obstacles during operations. The need for accurately handling objects and moving across the floor has brought the simultaneous localization and mapping technology market into limelight. Various tech firms have cropped up throughout the world, developing more precise mapping solutions to complement existing and new localization systems.

Browse key industry insights spread across 200 pages with 379 market data tables & 36 figures & charts from the report, SLAM Technology Market in detail along with the table of contents @

The International Data Corporation had projected that by 2021, the spending on robotics worldwide would reach USD 230.7 billion, driven by increased utilization in areas such as manufacturing and resource industries, besides healthcare, education and retail. The resource industry, consisting of mining, oil & gas and agriculture has the potential to become a key target segment for the simultaneous localization and mapping technology market. Mining, in particular, offers immense prospects for the use of new technologies as it is a business filled with dangerous exposure for humans, and requires a lot of capital to carry out mining operations.

With many such mines being explored to fulfil the global requirement of essential minerals like copper, gold, silver, coal and uranium, the simultaneous localization and mapping technology market could establish a strong hold due to the need for safe mapping of underground mines as well as open quarries. Increasing production of consumer electronics has elevated the demand for minerals like silver, strengthening the global mining industry. The simultaneous localization and mapping technology market is expected to grow at a CAGR of 71% over 2018-2024, influenced by the rising need for mitigating safety risks and improving bottom lines.

Simultaneous Localization and Mapping Technology Market, By Motion

  • 2D
  • 3D

Simultaneous Localization and Mapping Technology Market, By Platform

  • Robot
  • UAV
  • Augmented Reality (AR)
  • Autonomous Vehicle

Simultaneous Localization and Mapping Technology Market, By Application

  • Commercial
  • Household
  • Military
  • Agriculture & Forestry
  • Mining
  • Manufacturing & Logistics

Browse complete Table of Contents (ToC) of this research report @

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us 

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]