Asia-pacific Slam Technology Market Forecast 2022-2030

Asia-pacific Slam Technology Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific SLAM technology market is set to record a CAGR of 42.40% during the forecast period, 2022-2030. The market growth is attributed to the rising use of autonomous robots and drones for commercial applications among the leading countries in the region. These include South Korea, India, Japan, and China.

MARKET INSIGHTS

China, South Korea, Japan, India, Australia & New Zealand, Vietnam, Thailand, Indonesia, and Rest of Asia-Pacific are assessed for the Asia-Pacific SLAM technology market growth evaluation. In India, small & medium enterprises (SMEs) constitute 45% of the total manufacturing sector, contributing around 8% to the GDP. At the same time, product quality issues and lack of skilled labor challenge the Indian SME sector growth. Besides, the SLAM technology market is yet to gain traction in the country since there is a lack of significant developments due to the absence of OEMs. However, the vast penetration of tablets and smartphones, the presence of companies like iRobot and Google, and the growing demand from the entertainment & gaming sector are expected to propel the analyzed market growth.

In countries like Vietnam, 3D maps of metropolitan regions have been developed to offer background information for urban management. Also, SLAM technology is projected to aid urban mapping in the future. In addition, product launches are set to supplement the market growth in Vietnam. For instance, Phenikaa Group, a multi-sectoral corporation, introduced its prototype of a level+4 autonomous vehicle in March 2021, which is the country’s first smart self-driving vehicle. Such factors boost growth opportunities in these countries.

COMPETITIVE INSIGHTS

Some of the eminent companies in the market are SMP Robotics, KUKA AG, NavVis, Locus Robotics, Aethon Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments