Global SLAM robots market is anticipated to witness an exponential growth in the forecast period. SLAM (Simultaneous localization and mapping) implies a process of creating a map using an unmanned vehicle or robot that helps in navigation in that environment while using the map it generates. SLAM is a technique behind robot mapping or robotic cartography.
Factors such as increased adoption of robots, UAVs, augmented reality applications, accuracy, minimal hardware requirement, rising number of industries moving over to automation across emerging nations, UAVs application gaining traction, rising disposable income in emerging countries, and single operator managing multiple robots at the same time are likely to drive the SLAM robots market in the forthcoming period.
On the other hand, high cost of installation and maintenance and unemployed human labor are anticipated to hinder market growth in the future. However, SLAM Robots are more cost-efficient as compared to human labor. This factor is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
SLAM robots market could be explored by type, end user, distribution channel, and geography. Market by type could spam Service Robots and Industrial Robots. The “Industrial Robots” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
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The SLAM robots market could be explored based on the end user as Logistics and Warehouse, Military, Hospitals and Healthcare, Manufacturing, and Others. The “Hospitals and Healthcare” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
The key factors that could be attributed to the growth of market include increasing demand for complicated surgeries and it gives accurate implications of deformation during surgeries. The SLAM robots’ market could be explored based on distribution channel as Direct Channel and Distribution Channel.
North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as implementation and development of SLAM robot’s technology across numerous platforms and is expected to be the largest market over the forecast period. The growing number of industries accepting automation throughout the nation and increasing application of UAVs has led the path for market growth in the North American region. North America is followed by the European region.
Key players operating in the SLAM robots market include Clear path Robotics, Swiss log (KUKA), Omron Adept, Mobile Industrial Robots, Vecna, Aethon, SMP Robotics, Fetch Robotics, Locus Robotics, Amazon Robotics, and Hi-Tech Robotic Systems. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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