The simultaneous localization and mapping market size is expected to reach US$ 5,572.53 million by 2031 from US$ 481.52 million in 2023. The market is estimated to record a CAGR of 35.8% from 2023 to 2031. The utilization of SLAM technology in space applications is likely to trend in the market.
Simultaneous Localization and Mapping Market Analysis
Rising number of oil & gas plants, increasing government initiatives to build renewable power plants, and rising industrialization are fueling the demand for technologies to monitor, track, and map plant environment and provide a complete view of the plant. This, in turn, helps mitigate some of the major operational challenges. The growing number of oil & gas, mining, and construction projects in remote areas is boosting the expansion of the simultaneous localization and mapping market across the globe.
The increase in substantial investments in the automotive and advanced air mobility sectors boosts the simultaneous localization and mapping market growth. The growing use of simultaneous localization and mapping software in space technologies and unmanned aerial vehicles bolsters the growth of the simultaneous localization and mapping market globally.
Simultaneous Localization and Mapping Market Overview
Development of the simultaneous localization and mapping market is driven by the growing application of various localization, tracking, and mapping techniques in oil & gas, utility, automotive, mining, construction, agriculture, and manufacturing industries. In addition, the increasing application of factory automation and robotic technologies across different sectors for optimum utilization of resources to boost energy efficiency and time management is propelling the growth of the simultaneous localization and global mapping market.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Simultaneous Localization and Mapping Market: Strategic Insights
Simultaneous Localization and Mapping Market
-
Market Size 2023
US$ 481.52 Million
-
Market Size 2031
US$ 5,572.53 Million
Market Dynamics
GROWTH DRIVERS
- Rising Adoption of Autonomous Vehicles Globally
- Increasing Advent of Industrial Mobile Robotics
- Surging Significance of Small Unmanned Systems for Cargo Deliveries
FUTURE TRENDS
- Utilization of SLAM technology in Space Applications
OPPORTUNITIES
- Integrating SLAM Technology in Metaverse Augmented Reality
- Growing Significance of Advanced Algorithms of SLAM Technology in Healthcare
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Offerings
- 2D SLAM
- 3D SLAM
System Type
- Camera Based
- LiDAR Based
Application
- Robotics
- UAV
- AR or VR
- Automotive
- RTLS
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Simultaneous Localization and Mapping Market: Strategic Insights
-
Market Size 2023
US$ 481.52 Million -
Market Size 2031
US$ 5,572.53 Million
Market Dynamics
- Rising Adoption of Autonomous Vehicles Globally
- Increasing Advent of Industrial Mobile Robotics
- Surging Significance of Small Unmanned Systems for Cargo Deliveries
- Utilization of SLAM technology in Space Applications
- Integrating SLAM Technology in Metaverse Augmented Reality
- Growing Significance of Advanced Algorithms of SLAM Technology in Healthcare
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- 2D SLAM
- 3D SLAM
- Camera Based
- LiDAR Based
- Robotics
- UAV
- AR or VR
- Automotive
- RTLS
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Simultaneous Localization and Mapping Market Drivers and Opportunities
Rising Adoption of Autonomous Vehicles Globally
Simultaneous localization and mapping (SLAM) is a technological mapping method that allows autonomous vehicles to fabricate a map and localize themselves on the map at the same time. Localization and mapping are required to be combined to get an updated estimate of the map along with an efficient location of the vehicle. SLAM solutions can help autonomous vehicles locate themselves where maps are not available currently or have low connectivity. Moreover, using SLAM, the vehicle can autonomously navigate an unfamiliar environment by developing a map and simultaneously localizing itself.
The growing development in the automotive industry with the integration of advanced technologies is driving the adoption of autonomous vehicles globally. SLAM is employed by leveraging multi-sensor fusion-driven techniques. Sensors include an inertial navigation system (INS), light detection and ranging (LiDAR), high-definition maps (HD Map), and a global positioning system (GPS). The rising number of autonomous vehicles boosts the growth of the simultaneous localization and mapping market. In 2021, Microsoft partnered with Volkswagen Group's CarSoftware Organization to fabricate self-driving cars. General Motors purchased the self-driving startup Cruise in 2016. Cruise began its San Francisco autonomous driving taxi services in 2021. In 2024, the Cruise self-driving vehicle inventory count was 300 cars, and the company predicts to reach ~US$ 1 billion in revenue by 2025. In September 2024, Uber Technologies, Inc. and Waymo LLC expanded their existing partnership to make the availability of Waymo Driver for users. Starting in early 2025, Waymo and Uber are anticipated to bring autonomous ride-hailing to Atlanta and Austin. In September 2024, Tesla announced to introduce its complete self-driving product in Europe and China in early 2025. Thus, the growing development in the automotive sector with the advancement of autonomous vehicles propels the growth of the global simultaneous localization and mapping market.
Integrating SLAM Technology in Metaverse Augmented Reality
AR offers a diverse array of experiences, each with distinctive features and applications, contributing to its increasing versatility and popularity. 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.
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 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 lucrative opportunities in the market.
Simultaneous Localization and Mapping Market Report Segmentation Analysis
Key segments that contributed to the derivation of the simultaneous localization and mapping market analysis are offerings, system type, and application.
- Based on offerings, the simultaneous localization and mapping market is bifurcated into 2D SLAM and 3D SLAM. The 2D SLAM segment held a larger share of the market in 2023.
- By system type, the simultaneous localization and mapping market is categorized into camera based and LiDAR based. The camera-based segment dominated the simultaneous localization and mapping market in 2023.
- In terms of application, the simultaneous localization and mapping market is segmented into robotics, UAV, AR/VR, automotive, RTLS, and others. The robotics segment held the largest share in the simultaneous localization and mapping market in 2023.
Simultaneous Localization and Mapping Market Share Analysis by Geography
- The simultaneous localization and mapping market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Asia Pacific and Europe.
- 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.
Simultaneous Localization and Mapping Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 481.52 Million
Market Size by 2031
US$ 5,572.53 Million
Global CAGR (2023 - 2031)
35.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Offerings - 2D SLAM
- 3D SLAM
By System Type - Camera Based
- LiDAR Based
By Application - Robotics
- UAV
- AR or VR
- Automotive
- RTLS
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Sevensense Robotics AG Rethink Robotics GmbH NavVis GmbH Kudan Inc Exyn Technologies Inc Slamcore Ltd MAXST Co Ltd FARO Technologies Inc ANAVS GmbH Nexxis
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 481.52 Million |
Market Size by 2031 | US$ 5,572.53 Million |
Global CAGR (2023 - 2031) | 35.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Offerings
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Simultaneous Localization and Mapping Market News and Recent Developments
The simultaneous localization and mapping market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the simultaneous localization and mapping market are listed below:
- NavVis (a global leader in mobile mapping and reality capture) and HERE Technologies (the leading location data and services platform) have teamed up to bring high-definition indoor mapping and visual positioning to parking garage operators and transportation hubs. This partnership leverages three key technologies from NavVis: NavVis mobile mapping systems, NavVis IVION, and NavVis visual positioning technology.
(Source: NavVis, Press Release, February 2022)
- Kudan Inc. announced that Kudan has launched its new business, “Kudan Solution.” Kudan Solution supports the realization of various solutions/platforms that synchronize multiple products incorporating Kudan’s Artificial Perception technology and expand the applications of products using Kudan’s technology.
(Source: Kudan Inc., Press Release, June 2022)
Simultaneous Localization and Mapping Market Report Coverage and Deliverables
The "Simultaneous Localization and Mapping Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Simultaneous localization and mapping market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Simultaneous localization and mapping market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Simultaneous localization and mapping market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the simultaneous localization and mapping market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The robotics segment led the simultaneous localization and mapping market with a significant share in 2023.
The simultaneous localization and mapping market is expected to reach US$ 5,572.53 million by 2031.
Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period.
Utilization of slam technology in space applications is expected to drive the growth of the simultaneous localization and mapping market in the coming years.
The key players operating in the simultaneous localization and mapping market include Sevensense Robotics AG; Rethink Robotics GmbH; NavVis GmbH; Kudan Inc; Exyn Technologies Inc; Slamcore Ltd; MAXST Co Ltd; FARO Technologies Inc; ANAVS GmbH; Nexxis; Kuka AG; Leica Geosystems AG; Applanix; Leishen Intelligent System Co., Ltd.; and Visimind AB.
Rising adoption of autonomous vehicles globally, increasing advent of industrial mobile robotics, and surging significance of small unmanned systems for cargo deliveries are the driving factors of simultaneous localization and mapping market.
The simultaneous localization and mapping market was estimated to be valued at US$ 481.52 million in 2023 and is anticipated to grow at a CAGR of 35.8% over the forecast period.
Trends and growth analysis reports related to Technology, Media and Telecommunications : READ MORE..
The List of Companies - Simultaneous Localization and Mapping Market
- 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
- Visimind AB