Asia Pacific Simultaneous Localization and Mapping Market
No. of Pages: 117 | Report Code: BMIRE00031504 | Category: Technology, Media and Telecommunications
No. of Pages: 117 | Report Code: BMIRE00031504 | Category: Technology, Media and Telecommunications
The Asia Pacific simultaneous localization and mapping market was valued at US$ 129.24 million in 2023 and is expected to reach US$ 1,808.15 million by 2031; it is estimated to register a CAGR of 39.1% from 2023 to 2031. Integrating SLAM Technology in Metaverse Augmented Reality Boosts Asia Pacific Simultaneous Localization and Mapping Market
AR offers a diverse array of experiences, each with distinctive features and applications, contributing to its increasing versatility and popularity. Metaverse augmented reality primarily refers to the integration of AR technology within the framework of the metaverse. The metaverse is a combined virtual shared space that brings together the aspects of online gaming, virtual reality, social media, augmented reality, and other immersive technologies. The metaverse concept is an interconnected digital universe where individuals can relate with each other and with digital objects in real time.
Metaverse AR undertakes the capacities of conventional AR and expands them into the virtual world of the metaverse. It acts as a connection between the physical and digital realms, allowing users to experience AR not only in their immediate physical environment but also within the virtual spaces of the metaverse. Leveraging technologies such as SLAM and GPS, AR encompasses virtual content to the real world, allowing continuous interaction with digital elements. SLAM is beneficial in navigation apps, interior design, and industrial applications, enabling the overlay of virtual information onto the real-world environment without specific markers. The concepts of AR and the metaverse are rapidly gaining global interest as the future of technology. In 2022, Epic Games received US$ 2 billion in funding from Sony and KIRKBI to advance Epic's metaverse expansion plans. In 2022, Autodesk, Inc. acquired The Wild, a cloud-connected, extended reality (XR) platform, which includes its namesake solutions, The Wild and IrisVR. Through the acquisition, Autodesk aims to meet the strengthening demand for AR and virtual reality (VR) technology advancements globally. In May 2024, Magic Leap signed a multi-faceted, strategic technology partnership with Google to bring a wider range of immersive AR/VR experiences to its end users. The developing SLAM technology and its increasing application in AR, VR, and the metaverse are offering positive opportunities in the market.Asia Pacific Simultaneous Localization and Mapping Market Overview
The Asia Pacific simultaneous localization and mapping market growth is attributed to technology innovation and strategic collaborations. With a strong focus on advancing air mobility, satellite launches, industrial automation, and robotics in Asia Pacific countries, including China, India, Australia, and Japan, have emerged as key players in the simultaneous localization and mapping market. Major industry contributors include leading aerospace and space companies such as Neumann; Space Machines Company; Beijing Spacecraft Manufacturing Co., Ltd; China Aerospace Science; Technology Corporation; and Kongtian Dongli. These companies are renowned for their initiatives in the space technology sector.
The increasing modernization projects, including Singapore Changi, Beijing Capital International, and Incheon International, are fueling the overall construction sector. Countries such as Indonesia and Thailand are also investing in domestic infrastructural development with more focus on regional airports to improve connectivity. A total of 155 projects out of 425 airport and airport infrastructure development projects across the globe are under development in Asia Pacific with an investment of US$ 209 billion. With an investment of US$ 14.5 billion, Long Thanh International Airport in Vietnam is one of the largest airport development projects in Asia Pacific; it is expected to be completed by 2025. In addition, the expansion of Terminal 5 at Changi Airport, Singapore, is a project worth US$ 10 billion and is expected to be completed by 2030. The growing technological advancement in the construction sector is projected to drive the application of simultaneous localization and mapping technology in Asia Pacific.
Asia Pacific Simultaneous Localization and Mapping Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the Asia Pacific Simultaneous Localization and Mapping provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Simultaneous Localization and Mapping refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Asia Pacific Simultaneous Localization and Mapping Strategic Insights
Get more information on this report Asia Pacific Simultaneous Localization and Mapping Report Scope
Report Attribute
Details
Market size in 2023
US$ 129.24 Million
Market Size by 2031
US$ 1,808.15 Million
Global CAGR (2023 - 2031)
39.1%
Historical Data
2021-2023
Forecast period
2025-2031
Segments Covered
By Offerings
By System Type
By Application
Regions and Countries Covered
Asia Pacific
Market leaders and key company profiles
Get more information on this report Asia Pacific Simultaneous Localization and Mapping Regional Insights
Get more information on this report
Asia Pacific Simultaneous Localization and Mapping Market Segmentation
The Asia Pacific simultaneous localization and mapping market is categorized into offerings, system type, application, and country.
By offerings, the Asia Pacific simultaneous localization and mapping market is divided into 2D SLAM and 3D SLAM. The 2D SLAM segment held a larger share of the Asia Pacific simultaneous localization and mapping market share in 2023.
In terms of system type, the Asia Pacific simultaneous localization and mapping market is bifurcated into camera based and LiDAR based. The camera based segment held a larger share of the Asia Pacific simultaneous localization and mapping market share in 2023.
Based on application, the Asia Pacific simultaneous localization and mapping market is segmented into robotics, UAV, AR or VR, automotive, RTLS, and others. The robotics segment held the largest share of the Asia Pacific simultaneous localization and mapping market share in 2023.
Based on country, the Asia Pacific simultaneous localization and mapping market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China segment held the largest share of Asia Pacific simultaneous localization and mapping market in 2023.
ANAVS GmbH; Applanix; Exyn Technologies Inc; FARO Technologies Inc; Kudan Inc; Kuka AG; Leica Geosystems AG; Leishen Intelligent System Co., Ltd; MAXST Co Ltd; NavVis GmbH; Nexxis; Rethink Robotics GmbH; Sevensense Robotics AG; Slamcore Ltd; and Visimind AB are among the leading companies operating in the Asia Pacific simultaneous localization and mapping market.
The Asia Pacific Simultaneous Localization and Mapping Market is valued at US$ 129.24 Million in 2023, it is projected to reach US$ 1,808.15 Million by 2031.
As per our report Asia Pacific Simultaneous Localization and Mapping Market, the market size is valued at US$ 129.24 Million in 2023, projecting it to reach US$ 1,808.15 Million by 2031. This translates to a CAGR of approximately 39.1% during the forecast period.
The Asia Pacific Simultaneous Localization and Mapping Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Simultaneous Localization and Mapping Market report:
The Asia Pacific Simultaneous Localization and Mapping Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Simultaneous Localization and Mapping Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Simultaneous Localization and Mapping Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Simultaneous Localization and Mapping Market
