Simultaneous Localization and Mapping Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 26.78 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Simultaneous Localization and Mapping Market Analysis
Simultaneous Localization and Mapping (SLAM) Technology Market is likely to grow at a CAGR of 26.78% during the forecast period. SLAM is a technology that produces real-time maps of uncharted environments. It perceives the environment and establishes a device's location using sensors like cameras, lidars, and IMUs. SLAM technology provides customizable autonomous navigation solutions, which are being used for robotic operations. Robots are now simpler for customers in the manufacturing, oil & gas, construction, and smart building sectors.
- SLAM Technology has been used in mobile robots and terrestrial vehicles, but it has the potential to be extended to spacecraft. AstroSLAM, a SLAM-based algorithm, was recently developed by the Georgia Institute of Technology (Georgia Tech) and the NASA Goddard Space Flight Center. Applying this algorithm will boost the autonomy of the spacecraft's navigation.
- SLAM estimates sequential movement and leaves scope for marginal errors that may distort the map data, making subsequent searches difficult. Executing computationally intensive processing on embedded microcomputers involves high computational costs. Such challenges are restraining the growth of this market.
- Covid-19 impacted different business sectors worldwide, and software development was no exception. Burgeoning inflation and cost-cutting enabled various industries to hold on to any non-essential investment. Despite these challenges, companies realized the necessity of AI to fight against extreme conditions. The epidemic accelerated digital transformation, and robotic equipment demand increased afterward. The dog-like robot was trending on social media, patrolling a Shanghai community and making health announcements. Service robots with similar functions and features are being used in different sectors to replace expensive or lack of labor.
Simultaneous Localization and Mapping Market Trends
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.
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.
Simultaneous Localization and Mapping Industry Overview
Due to numerous companies, Simultaneous Localization & Mapping Market is highly competitive. To diversify their product offerings, broaden their geographic reach, and ultimately maintain their competitiveness in the market, the businesses are implementing methods including product innovation, mergers, and acquisitions. Amazon Robotics, Google LLC, Microsoft Inc, and Clear Path Robotics are some of the leaders in this market.
- February 2023 - Microsoft develops OpenAI's new AI language model called ChatGPT. A skilled technician is required to operate a robot as robots follow complex programming applications. Users won't need to learn complex programming languages or specifics about robotic systems while using ChatGPT for instructing robots.
- September 2022 - Cloostermans, a technology manufacturer for warehouses based in Belgium, was acquired by Amazon. Compared to facilities without automation, Amazon's warehouses with robots have higher injury rates. Cloostermans, which take care of or repair services for industrial machines, can help Amazon with its repair skills. About 200 employees from Cloostermans will join the Amazon team.
- July 2022 - Asensus Surgical signed a deal with Google Cloud. The Asensus surgical robot platform will incorporate machine learning and secure cloud data architecture from Google Cloud through this deal. Asessus has always remained at the forefront of developing digital surgical capabilities to give surgeons cutting-edge, clinically intelligent intraoperative digital tools. This collaboration will improve clinical performance data collection and apply augmented intelligence capabilities to provide clinical insight resulting in consistently better patient outcomes.
Simultaneous Localization and Mapping Market Leaders
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ClearPath Robotics
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Apple Inc.
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Google LLC
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Microsoft Inc.
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Amazon Robotics
*Disclaimer: Major Players sorted in no particular order
Simultaneous Localization and Mapping Market News
- November 2022 - Singapore based autonomous navigation solutions provider dConstruct introduced Ouster digital lidar to create highly accurate SLAMs and point cloud maps. Dconstruct creates these maps virtually and then studies the deployment of autonomous robots and the inspection and reconstruction of working environments. For instance - A map of a smart office building, The Galen, in Singapore was created on the cloud and was used to facilitate the deployment of autonomous robots ranging from cleaning robots to last-mile delivery robots.
- February 2023 - KUKA, the German manufacturer of industrial robots, launched Intralogistics Robot, with wheel sensors and laser scanners that let it safely move through its surroundings. The company claims this product is compatible to meets the highest safety requirements. It the specification such as 3D object detection, laser scanners, a payload of 1,322 pounds, and an automated guided vehicle system. The robot or the collision-free worker has been developed to work with logistics workers without the need for safety fencing. It employs eight safety zones in the front and back that can be adjusted for vehicle speeds and particular applications.
- July 2022 - Polymath Robotics, a start-up, developed an SDK-integrated plug-and-play software platform that enables businesses to quickly and affordably automate industrial vehicles. The start-up is developing fundamentally generalizable autonomy intending to automate the roughly 50 million industrial vehicles currently used in enclosed spaces.
Simultaneous Localization and Mapping Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porters Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitutes
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain Analysis
- 4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Growing Penetration of Mapping Technologies in Domestic Robots and UAV
- 5.1.2 Advancements in Visual SLAM Algorithm
- 5.1.3 Increasing Application of SLAM in Augmented Reality
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5.2 Market Challenges
- 5.2.1 High Initial Investment and Technical Complexities Involved
6. MARKET SEGMENTATION
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6.1 By Type
- 6.1.1 EKF SLAM
- 6.1.2 Fast SLAM
- 6.1.3 Graph-Based SLAM
- 6.1.4 Others
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6.2 By Offering
- 6.2.1 2D SLAM
- 6.2.2 3D SLAM
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6.3 By Application
- 6.3.1 UAV and Robots
- 6.3.2 AR/VR
- 6.3.3 Autonomous Vehicles
- 6.3.4 Other Applications
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6.4 By Geography
- 6.4.1 North America
- 6.4.1.1 United States
- 6.4.1.2 Canada
- 6.4.2 Europe
- 6.4.2.1 Germany
- 6.4.2.2 United Kingdoms
- 6.4.2.3 France
- 6.4.2.4 Rest of the Europe
- 6.4.3 Asia Pacific
- 6.4.3.1 China
- 6.4.3.2 India
- 6.4.3.3 Japan
- 6.4.3.4 Rest of Asia Pacific
- 6.4.4 Middle East and Africa
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 ClearPath Robotics
- 7.1.2 Apple Inc.
- 7.1.3 Google LLC
- 7.1.4 Microsoft Inc.
- 7.1.5 Amazon Robotics
- 7.1.6 Kudan Inc.
- 7.1.7 MAXST Developers
- 7.1.8 Aethon Inc.
- 7.1.9 Rethink Robotic.
- 7.1.10 Hi-tech Robotic Systemz Ltd
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
** Subject To AvailablitySimultaneous Localization and Mapping Industry Segmentation
Simultaneous Localization and Mapping Technology (SLAM) is a technique for building an environment map while keeping track of the map maker's location. By using mapping and positioning techniques, autonomous devices determine their current location in space and navigate to a new location. SLAM technology assists robots in estimating their pose, or the position and orientation on the map, as they build an environment map to perform autonomous tasks. One example of SLAM technology is the use of a vacuum cleaner in a room that will require a map to find its way around the room.
Simultaneous Localization and Mapping (SLAM) Technology Market is segmented by Type (EKF SLAM, Fast SLAM, Graph-Based SLAM), Offering (2D SLAM, 3D SLAM), Application (UAV and Robots, AR/VR, Autonomous Vehicles), and Geography.
The market sizes and forecasts are provided in terms of value (USD million)
| By Type | EKF SLAM | |
| Fast SLAM | ||
| Graph-Based SLAM | ||
| Others | ||
| By Offering | 2D SLAM | |
| 3D SLAM | ||
| By Application | UAV and Robots | |
| AR/VR | ||
| Autonomous Vehicles | ||
| Other Applications | ||
| By Geography | North America | United States |
| Canada | ||
| By Geography | Europe | Germany |
| United Kingdoms | ||
| France | ||
| Rest of the Europe | ||
| By Geography | Asia Pacific | China |
| India | ||
| Japan | ||
| Rest of Asia Pacific | ||
| By Geography | Middle East and Africa |
Simultaneous Localization and Mapping Market Research FAQs
What is the current Simultaneous Localization and Mapping Market size?
The Simultaneous Localization and Mapping Market is projected to register a CAGR of 26.78% during the forecast period (2024-2029)
Who are the key players in Simultaneous Localization and Mapping Market?
ClearPath Robotics, Apple Inc., Google LLC, Microsoft Inc. and Amazon Robotics are the major companies operating in the Simultaneous Localization and Mapping Market.
Which is the fastest growing region in Simultaneous Localization and Mapping Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Simultaneous Localization and Mapping Market?
In 2024, the North America accounts for the largest market share in Simultaneous Localization and Mapping Market.
What years does this Simultaneous Localization and Mapping Market cover?
The report covers the Simultaneous Localization and Mapping Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Simultaneous Localization and Mapping Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Simultaneous Localization & Mapping Industry Report
Statistics for the 2024 Simultaneous Localization & Mapping market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Simultaneous Localization & Mapping analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
