Simultaneous Localization and Mapping Market (SLAM) Market Report: Trends, Forecast and Competitive Analysis

The report "Simultaneous Localization and Mapping Market by Offering (2D SLAM, 3D SLAM), Type (EKF SLAM, Fast SLAM, Graph-Based SLAM, LSD SLAM, S-PTAM, ORB-SLAM, and ORB-SLAM2), Application (Robotics, UAV, AR/VR, Automotive), and Geography - Global Forecast to 2023", The SLAM market is projected to reach USD 465 million by 2023 from USD 101 million in 2018, at a CAGR of 35.77% during the forecast period.

Major drivers for the market’s growth are the advancements in visual SLAM algorithm, growth of SLAM in augmented reality (AR), and growing demand for self-locating robotics in homes and enterprises; limitation of SLAM in dynamic environments is the major restraint to its growth.

Don’t miss out on business opportunities in Simultaneous Localization and Mapping Market Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=17638387  EKF SLAM expected to hold largest market share during forecast period EKF SLAM held the largest share of the SLAM market due to its ability to handle nonlinear systems, which made it suitable for a wide array of applications that cannot be modeled by linear state transitions.

EKF SLAM has been in use for the past 2 decades and is still used in existing SLAM applications, such as robot mapping and autonomous cars.

For instance, in September 2018, ILIFE INNOVATION (China) launched A7, a new pro robot vacuum cleaner, worldwide on Amazon and AliExpress as a premium addition to its A-series robots.

Key players in the SLAM market include Intel (US), Microsoft (US), Alphabet (US), Amazon Robotics (US), Apple (US), Clearpath Robotics (Canada), Aethon (US), The Hi-Tech Robotic Systemz (India), Facebook (US), Intellias (Ukraine), Magic Leap (US), Rethink Robotics (US), Skydio (US), Navvis (Germany), and Mobile Industrial Robots APS (Denmark).

It is the computational problem of updating an unknown environment map by simultaneously keeping a track of the location of the agent within it.

Several algorithms are used to solve it, in a traceable time interval for specific environment.

Some of the popular methods includes extended kalman filter, GraphSLAM and particle filter.Rising growth of SLAM in augmented reality (AR) is a crucial factor accelerating the market growth, also increasing emergence of new digital technologies such as automation and artificial intelligence, increasing demand for service robot for domestic applications, increasing demand for service robot for domestic applications, rising demand for drones in military and commercial applications and rising mature population in Europe and Japan are the major factors among others boosting the simultaneous localization and mapping market.

Moreover, rising demand for drones in military and commercial applications, increasing proliferation of cloud-based visual SLAM for outdoor applications and increasing SLAM for smartphones will further create new opportunities.Get a Sample Copy of Global simultaneous localization and mapping market Report to Understand the Complete Insights @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-simultaneous-localization-and-mapping-marketMarket Drivers and Restraints:On the basis of type, the simultaneous localization and mapping market is segmented into EKF SLAM, fast SLAM, graph-based, SLAM and others.Based on offering, the simultaneous localization and mapping market is segmented into 2D SLAM and 3D SLAM.The simultaneous localization and mapping market is also segmented on the basis of application into robotics, UAV, AR/VR, automotive and others.The major players covered in the Simultaneous Localization and Mapping Market The major players covered in simultaneous localization and mapping market report are Intel Corporation, Microsoft, Alphabet, Amazon Robotics, Apple Inc., Clearpath Robotics Inc., Aethon, The Hi-Tech Robotic Systemz, Facebook, Inc., Intellias Ltd., MAXST Co., Ltd., Magic Leap, Inc., Rethink Robotics, Skydio, Inc., NAVVIS, Mobile Industrial Robots ApS, Kuka AG, GeoSLAM, Kudan, Dibotics, SMP Robotics and Parrot Drones SAS among other domestic and global players.

Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.

DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.Major TOC Of The ReportChapter One:  Simultaneous Localization and Mapping Market OverviewChapter Two: Manufacturers ProfilesChapter Three:  Global Simultaneous Localization and Mapping Market  Competition, by PlayersChapter Four: Global Simultaneous Localization and Mapping Market Size by RegionsChapter Five: North America Simultaneous Localization and Mapping Market Revenue by CountriesChapter Six: Europe Simultaneous Localization and Mapping Market Revenue by CountriesChapter Seven: Asia-Pacific Simultaneous Localization and Mapping Market Revenue by CountriesChapter Eight: South America Simultaneous Localization and Mapping Market Revenue by CountriesNew Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-simultaneous-localization-and-mapping-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Simultaneous Localization and Mapping Market    Analysis of market effect factors and their impact on the forecast and outlook of the global Simultaneous Localization and Mapping Market    The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Simultaneous Localization and Mapping Market    A roadmap of growth opportunities available in the global Simultaneous Localization and Mapping Market with the identification of key factorsThe exhaustive analysis of various trends of the global Simultaneous Localization and Mapping Market    to help identify market developmentsInsightful Details Available @https://www.databridgemarketresearch.com/reports/global-simultaneous-localization-and-mapping-marketKey Questions Answered in Report:What is the key to the Simultaneous Localization and Mapping Market?What will the Simultaneous Localization and Mapping Market Demand and what will be Growth?What are the latest opportunities for Simultaneous Localization and Mapping Market in the future?What are the strengths of the key players?About Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.

At first glance, the Chinese app WeChat seems similar to its Western counterparts like WhatsApp and Viber. It allows users to text people over an internet connection, share photos, videos, and other files.

If we dig deep, though, we will find a full-featured app that does so much more than just messaging, especially for residents of China. It is more akin to a blend of messaging, social gaming, and social media.

What is Wechat and how did it Start?

WeChat, known as China’s “App For Everything,” is a social media mobile application software developed by Tencent. It was first released in 2011, and by 2017, it was one of the largest standalone messaging apps with more than 963 million monthly active users.

According to Techinasia, in 2017, WeChat started to develop an AR platform for its ever-expanding services. WeChat’s AI team is working on their own 3D rendering engine to create realistic appearance on detailed objects, in smartphone-based AR apps. They’re also developing a simultaneous localization and mapping technology, which helps calculate the position of virtual objects relative to their environment, enabling AR interactions without the need for markers, such as QR code or a special image.

Essential Features For a WeChat App

Live Chat

WeChat allows users to send free texts, pictures, voice and video messages, as well as to make free voice and video calls. This feature also provides group chat functionality, broadcast messages, and walkie-talkie mode.

WeChat can exchange contacts with nearby people via Bluetooth and provides various features to contact people at random if desired. It can also integrate with other social networking services such as Facebook and QQ.

Official accounts

If you want to use WeChat for business, you must have a solid grasp of WeChat official accounts and how they work. Official accounts provide a formal way to interact with your followers and customers through WeChat.

There are several types of WeChat official accounts:

• WeChat Subscription accounts
• WeChat Service accounts
• Enterprise accounts
• WeChat mini-programs

Once you specify a type of account, it cannot be changed. By the middle of 2017, the number of WeChat official accounts had reached 10 million. Official accounts of organizations can apply for verified, official, public accounts. Official accounts can be used as a platform for services such as hospital pre-registration, visa renewal, or credit card service.

Moments

What is a WeChat moment? Moments is an essential part of WeChat that allows users to post images, texts, and comments, share music and articles, and “like” stuff. Moments can also be linked to Facebook and Twitter accounts, which can automatically post Moments content directly to these two platforms.

WeChat Pay

WeChat Pay is a payment feature that allows users to complete payments quickly and easily with their smartphones. You can increase your balance by linking your WeChat account to a debit card or by receiving money from other users. WeChat Pay can be used for digital payments, as well as payments to participating vendors. As of March 2016, WeChat Pay has more than 300 million users worldwide. In 2017, Tencent reported that WeChat had overtaken Alibaba with 600 million active WeChat mobile payment users versus 450 million users of Alibaba’s Alipay. 

WeChat Mini Programs

Mini Programs is a WeChat feature that essentially allows you to access light apps within WeChat without having to download or install brand new apps.

City Services

WeChat has launched the City Services feature in more than 27 cities across China, including Beijing, Shanghai, Guangzhou, and Shenzhen. City Services include booking doctor appointments, paying electricity fees or traffic fines, and booking transportation.

The City Services section also includes traffic camera feeds, the option to pay your home electricity bill, book long-distance transportation, monitor air quality, pay traffic fines, report incidents to police, and more.

Heat Map

In certain major cities—including Beijing, Shanghai, and Chengdu—users can input their location to see a heat map, which measures foot traffic in a particular location. The app also provides data about crowd density in the area throughout the day and the prior week.

Enterprise WeChat

For the purposes of work and communication within companies and businesses, a special version of WeChat called Enterprise WeChat was launched in 2016. The app allows employees to separate work and private life. In addition to the usual chat features, the program lets companies and their employees keep track of annual leave days and expenses that need to be reimbursed. Employees can ask for time off or even clock in to show they are at work. Security has been upgraded and companies must register before their employees can use the service.

Finding Friends

WeChat allows people to add friends in a variety of ways, including searching by username or phone number, adding from phone or email contacts, playing a “message in a bottle” game, or viewing nearby people who are also using the same service. In 2017 WeChat added a “Shake” function.

Shake is a feature that allows you to meet random people not too far from you. You can choose to chat with the person or “shake” again to get another random person. All you have to do is go to the Discover tab, tap the Shake button and start shaking your phone.

WeChat Index

In March 2017, Tencent released a new feature of WeChat: WeChat Index. WeChat Index is a tool that tracks trending keywords in 7, 30, and 90-day segments, which is useful for those interested in knowing what 898 million users are talking about. It is worthy of note that WeChat articles are not currently indexed by Baidu or Google and can only be searched on Sogou.com.

News Feed and Search

In May 2017, WeChat has acquired a news feed and search functions. The Financial Times defined it as a “direct challenge to Chinese search engine Baidu,”. In May 2017, WeChat acquired a news feed and search function. The Financial Times defined it as a “direct challenge to Chinese search engine Baidu,”

WeChat Out

WeChat Out is a VOIP feature that allows users to make low-rate calls to mobile phones and landlines around the globe. The feature involves purchasing credit within the app using a credit card.

What is the WeChat technology stack?

So how is a chat app like WeChat created? Start by understanding the tech stack, which goes into it first. Here’s what the WeChat team has used:

WeChat uses Ejabberd, IceWarp, iChat, Openfire, and Prosody servers to process hundreds of thousands of messages instantly with little to no delays. This application server pairs perfectly with the Erlang programming language, which powers the entire app. It may not be the standard choice, but this language is rather flexible and allows quick and instant fixes to be made without much refactoring. However, you are not obliged to use the same language for chat app development. For instance, the Telegram instant messaging app uses Node.js for all backend coding.

Originally WeChat used HTTPS to transfer all of the users’ messages.

The databases are powered by EnMicroMsg DB and SQLCipher. The WeChat app is available for Android, iPhone, BlackBerry, Windows Phone, and Symbian phones. Web-based OS X and Windows clients also exist. This, however, requires the user to have the app installed on a supported mobile phone for authentication, and neither message roaming nor “Moments” are provided.

So this should have satisfied your curiosity. If you want to receive a full tech stack for an app like Wechat, please do not hesitate to contact us at [email protected]. Now let’s take a closer look at app monetization, development time, and cost.

How do WeChat-like apps make money?

How do free apps like WeChat make money? In recent times, we have been getting many questions about the hottest topic on the app market. Well, it’s time to reveal the truth behind app monetization magic.

Advertising

Advertising is a core money-spinner. WeChat makes more than $1.3 in advertising revenue from each user, according to Arete Research analyst Muzhi Li. 

Value-added services

Many WeChat services are free. Tencent Company launched a sticker shop and game center in WeChat to provide value-added services, which are a key revenue source for Tencent’s other popular platform QQ. These services normally charge $0.99 for each purchase.

Other

Since March 2016, WeChat began charging users 0.01% to withdraw funds from their WeChat wallet but not to transfer within the ecosystem. This fee is now levied on digital transfers to bank accounts where the sum exceeds 1,000 yuan (US $153), the company said. The minimum fee per transfer will be 0.1 yuan. Tencent CEO Pony Ma said the fees of 0.1% of each transaction totaled more than RMB 300 million in January 2016.

How much does it cost to build WeChat?

At this point, you should have a somewhat well-rounded understanding of what features you would like to develop and whether you plan to hire a development team locally or outsource the entire project.

To build a chat app with the essential features outlined above, you will need a team of the following professionals:

• UX/UI Expert
• iOS developers/ Android developers
• Front-end developer
• Back-end developer
• Project manager
• QA Ninja

The total project timeline, depending on the scope of your requirements, can vary from 600 to 2500 hours. In money equivalent, that transfers to $18k and higher depending on the team’s hourly rates.

VironIT’s team would be happy to provide more accurate cost estimates based on your project specifications and outline the different content production options available!

Whether you need to mobilize a million iOS users, create an award-winning Android app, or cross-platform experiences from the ground up, VironIT software development company has the team and experience to develop your vision.

Our team has expertise in:

• iOS applications
• Android applications
• Chatbots
• Web applications

Contact us today for an intuitive and fast messaging app solution for your business or enterprise as well as for commercial chatting app solution.

Recently published a report entitled Simultaneous Localization And Mapping Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.

Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad Simultaneous Localization and Mapping market has been sub-grouped into type, offering, and application.

The report studies these subsets with respect to the geographical segmentation.

The strategists can gain a detailed insight and devise appropriate strategies to target specific market.

This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Simultaneous Localization And Mapping Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/simultaneous-localization-and-mapping-market/download-sampleBy TypeEKF SLAMFast SLAMGraph-Based SLAMOthersBy Offering2D SLAM3D SLAMBy ApplicationRoboticsUAVAR/VRAutomotiveOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.

The key players in the simultaneous localization and mapping market include Aethon, Alphabet, Amazon Robotics, Apple, Clearpath Robotics, Facebook, Intel, Intellias, MAXST, Microsoft, The Hi-Tech Robotic Systemz.