PUBLISHER: Inkwood Research | PRODUCT CODE: 1121487
PUBLISHER: Inkwood Research | PRODUCT CODE: 1121487
The Japan SLAM technology market is set to register a CAGR of 44.23% during the forecast period, 2022-2028. Japan has an intense disposition to the incorporation of new technologies. This makes it a lucrative market for technological advancements and developments like SLAM.
Japan benefits from public awareness and readiness to adopt technologies like SLAM and the availability of investments. Also, the country has an extended presence of major autonomous systems and vehicle manufacturers. Some of these include Honda Motor Co Ltd, Nissan Motor Company Ltd, Toyota Motor Corporation, Sony Corporation, and Denso Corporation. Toyota displayed new versions of Toyota Mirai and Lexus LS equipped with Advanced Drive, which is the company's driver assist system, in April 2021. In addition, Japan began to accelerate its pace in the autonomous driving industry in December 2021, with prominent companies like Lexus, Toyota, and Mazda incorporating the technology into their automobiles.
Furthermore, robot manufacturers are launching mobile robots for residential and commercial applications. Most of these are equipped with SLAM technology. Such developments, along with initiatives by major players, are projected to boost the Japan SLAM technology market.
Some of the eminent firms operating in the market are: Wikitude, SMP Robotics, Kudan Inc, etc.