According to our latest study on "Simultaneous Localization and Mapping Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Offerings, System Type, and Application," the Simultaneous Localization and Mapping market size was valued at US$ 481.52 million in 2023 and is expected to reach US$ 5,572.53 million by 2031; it is estimated to record a CAGR of 35.8% from 2023 to 2031.
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 respectively. The Europe Simultaneous Localization and Mapping market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, Germany dominated the Simultaneous Localization and Mapping market share.
In 2022, Germany got its first weaponized drones. In 2022, Germany obtained 140 Israeli-made weaponized drones as the country boosted its military expenditure after the Russia-Ukraine war. The proliferation of advanced air force equipment is boosting the application of SLAM to identify possible threats and support in modern warfare related to national security, which boosts the demand for simultaneous localization and mapping in Germany.
In March 2024, the German Space Agency at DLR (German Aerospace Center) and NASA collaborated to conjointly develop, launch, and operate a pair of spacecraft that will produce insights into Earth's ice, water, and land masses that are shifting by measuring monthly deviations in the planet's gravity field. In 2023, the SpaceX Falcon 9 rocket launched 2 German radar reconnaissance satellites for military services. In 2023, Azista BST Aerospace, an Indo-German joint venture, launched its first satellite on the SpaceX Falcon 9 rocket. In January 2024, the German Space Agency at DLR awarded Exolaunch a US$ 19.6 million launch services contract to strengthen the space industry in the country. The increasing demand for satellite-based services, including Earth observation, communication, and scientific research, is anticipated to create opportunities for simultaneous localization and mapping market growth during the forecast period. Germany is one of the leading economies in the European automotive sector and has demonstrated a noteworthy shift toward vehicle electrification with the implementation of smart technologies. The growing development in the automotive sector and the increasing number of manufacturing plants are anticipated to have a positive impact on the simultaneous localization and mapping market in Germany.
Key Findings of Simultaneous Localization and Mapping Market Study:
The simultaneous localization and mapping market is segmented on the basis of offerings, system type, and application, . Based on offerings, the market is categorized into 2D SLAM and 3D SLAM. Based on system type, the market is categorized into camera-based and LiDAR-based. Based. Based on application, the market is divided into robotics, UAV, AR/VR, automotive, RTLS, and others. By geography, the Simultaneous Localization and Mapping market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
By application, the market is divided into robotics, UAV, AR/VR, automotive, RTLS, and others. The robotic segment held the largest simultaneous localization and mapping market share in 2023. SLAM supports the robots to shape a map and localize itself on the map at the same time. Robotic vacuum cleaners, such as Roomba, primarily leverage SLAM technology to navigate and clean a room competently. SLAM helps in presenting an environmental map and employs localization techniques to identify their position within that map, allowing them to independently navigate and prevent obstacles. By leveraging SLAM, robots can explore, navigate, and perform tasks in environments where pre-built maps are not available or may be obsolete. To achieve the optimum results of SLAM, robots, in general, leverage a combination of sensor data, such as LiDAR, cameras, or range finders, to understand the environment. They also utilize algorithms that process the obtained sensor data, estimate the robot's location, and update the map as the robot moves.
The growing development in robotics owing to the rising demand for automation and the increasing application of mobile robots in different industrial sectors that facilitate energy savings, cost optimization with proper utilization of resources, and streamlined operation, among others, are anticipated to propel the simultaneous localization and mapping market growth globally.
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 are among the key players profiled in the simultaneous localization and mapping market report. Several other major players were studied and analyzed during the simultaneous localization and mapping market analysis to get a holistic view of the market and its ecosystem. The simultaneous localization and mapping market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current simultaneous localization and mapping market trends and their foreseeable impact during the forecast period.
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