Market Trends of Simultaneous Localization and Mapping Industry
UAVs and Robots Will Experience Significant Growth in the Market
- Commercial drone technology is increasingly used to address long-standing business issues that most people have never considered. SLAM is a potential technique for object detection and scene perception to enable UAV navigation. According to a report by Drone Industry Insights, the drone market is estimated to reach 55.8 billion USD by 2030.
- December 2022 - FFRobotics gave the twelve telescopic arms of each harvester a flexible "wrist" to let the three-fingered grippers fit each apple more evenly. The business asserts that it can pick eight to ten times more effectively than a person. FFRobotics will eventually use the same machine for thinning, pruning, and pollination, but with different end effects.
- July 2022 - Microsoft has introduced a platform for artificial intelligence (AI) training in autonomous aircraft. Project AirSim is a drone flight simulator companies can use for training and software development. It permits test flights over areas that would be too risky in real life, like those close to power lines.
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North America is Expected to Experience Significant Growth
- According to an Association for Advancing Automation report, North American companies ordered 44,196 robots valued at USD 2.38 billion in 2022. The automotive industry was the highest contributor to the robotic sales market, with a 50% share. There were approximately 23807 orders for robots from Automotive Sector. Auto manufacturers' aggressive planning to switch to electric vehicles (EVs) has sparked a spike in demand for robots in this market.
- To stay up with the evolving ecology, grocery stores in North America dramatically boosted their capital expenditures. To improve user experience, grocery stores invest in e-commerce capabilities and sign contracts with software firms. Google and Albertsons have collaborated to provide in-store shoppable maps with dynamic hyperlocal features, conversational commerce driven by AI, and predictive grocery list-making.
- Nextech AR, a leader in Metaverse, announced the adoption of LiDAR technology to produce incredibly precise meshes for the company's metaverse spatial mapping software. By switching to LiDAR technology, ARway, the no-code spatial computing platform, will provide high-quality meshes and spatial mapping solutions, paving the way for ARway to assume the top spot in the market for wayfinding and spatial computing, which is quickly expanding.
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