Market Size of Simultaneous Localization and Mapping Industry
| 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 |
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 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 | ||||||
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| Middle East and Africa |
Simultaneous Localization and Mapping Market Size Summary
The Simultaneous Localization and Mapping (SLAM) technology market is poised for significant expansion, driven by its application in various sectors such as manufacturing, oil and gas, construction, and smart buildings. SLAM technology enables real-time mapping and navigation by utilizing sensors like cameras, lidars, and IMUs, offering customizable autonomous solutions. This technology has been increasingly integrated into mobile robots and terrestrial vehicles, with potential extensions to spacecraft navigation, as demonstrated by developments like AstroSLAM. Despite its promising applications, the market faces challenges such as high computational costs and the potential for marginal errors in map data, which can hinder growth. The COVID-19 pandemic has further influenced the market, accelerating digital transformation and increasing demand for robotic solutions across different industries.
The competitive landscape of the SLAM technology market is marked by the presence of major players such as Amazon Robotics, Google LLC, Microsoft Inc., and ClearPath Robotics, who are actively engaging in product innovation, mergers, and acquisitions to enhance their market position. The market is also witnessing advancements in related technologies, such as LiDAR and AI, which are being integrated into various applications, from autonomous vehicles to smart retail solutions. Notable developments include Microsoft's Project AirSim for drone training, FFRobotics' advanced harvesting technology, and the collaboration between Asensus Surgical and Google Cloud to enhance surgical robotics. These innovations underscore the dynamic nature of the SLAM technology market, which is expected to continue its robust growth trajectory in the coming years.
Simultaneous Localization and Mapping Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porters Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 EKF SLAM
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2.1.2 Fast SLAM
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2.1.3 Graph-Based SLAM
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2.1.4 Others
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2.2 By Offering
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2.2.1 2D SLAM
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2.2.2 3D SLAM
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2.3 By Application
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2.3.1 UAV and Robots
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2.3.2 AR/VR
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2.3.3 Autonomous Vehicles
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2.3.4 Other Applications
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdoms
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2.4.2.3 France
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2.4.2.4 Rest of the Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 Rest of Asia Pacific
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2.4.4 Middle East and Africa
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Simultaneous Localization and Mapping Market Size 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.
