SLAM Technology Market Report: Size and Share Analysis, Trends, Forecasts (2024 - 2030)

SLAM Technology Market Trends & Growth Drivers

Advancement in Visual SLAM Is a Key Trend

• Advancement in visual SLAM is a key trend in the global SLAM technology market.
• Visual SLAM is quickly becoming a significant development in embedded vision, with several applications. It is a specific type of SLAM system that influences 3D vision to perform location and mapping functions.
• With the significant developments in computer processing speed and the availability of low-cost sensors, such as cameras and laser rangefinders, this technology is being used in a wide range of applications from AR to field robots.

Emergence of Autonomous Vehicles and Increasing Number of AR Applications Drive the Market

• The emergence of autonomous vehicles is one of the key factors supporting the growth of the simultaneous localization and mapping technology market.
• The developments in connected vehicle technology and the rise in the need for safe, productive, and efficient driving options are raising the demand for autonomous vehicles.
• These vehicles offer reduced CO2 emissions and consume less fuel, which is further increasing their popularity among the populace.
• These vehicles are equipped with an inertial navigation system, a range of sensors, a laser rangefinder, SLAM technology, and a radar, which make them capable of sensing their environment and navigating.
• As the demand for autonomous vehicles rises, the adoption of SLAM technology will increase in the automotive industry.

Changeable Performance in Low-Dynamic Environments Is a Challenge

• The changeable performance of SLAM technology in low-dynamic environments is one of the key factors hindering the growth of the market.
• The low dynamic environments, composed of static and low-dynamic objects, refer to situations in which the positions of objects change over long intervals.
• The dynamics of such environments directly affect the mapping capability of SLAM technology, as it finds difficulty in recognizing the repositioning of objects unlike in highly dynamic environments where fast-moving objects can be quickly detected using several object detection algorithms.
• Changes in the environments then cause groups of false loops closing, which is the task of deciding whether or not a robot or an autonomous vehicle has returned to a previously visited area.
• Wrong loop closure can lead to the drift of the robot and can, therefore, jeopardize the robot’s mission.

SLAM Technology Market Analysis

Offering Insights

• The two-dimensional (2D) category is estimated to have accounted for the larger share, of around 60%, in 2024, in the simultaneous localization and mapping market.
• The usage of the 2D technology for location mapping in industrial and residential robots is increasing as it is based on red–green–blue-depth (RGB-D) mapping, which enables robots to use RGB and depth data from Kinect sensors for efficient location mapping.

Offerings covered in the report include:

• 2D (Larger Category)
• 3D (Faster-Growing Category)

Type Insights

• The extended Kalman filter (EKF) category holds the largest share in the industry.
• This is majorly attributed to the extensive use of EKF over other algorithms as it exhibits consistent behavior in terms of state variables over an extended period.
• Moreover, EKF has a lower algorithm complexity than others, which is further driving its adoption.

The following types are included in the report:

• EKF (Largest Category)
• Fast (Fastest-Growing Category)
• Graph-Based
• Others

Application Insights

• The unmanned aerial vehicle (UAV) category is projected to record the fastest growth during the forecast period. This can be ascribed to the increasing use of UAVs across all industries.
• SLAM technology is required in UAVs for various purposes, including location mapping, reconnaissance, surveillance, and intruder detection.

Applications covered in the report are:

• Robotics (Largest Category)
• UAV (Fastest-Growing Category)
• AR/VR
• Autonomous Vehicle
• Others

End User Insights

• The military category is projected to witness the fastest growth during the forecast period, advancing at a CAGR of 42.8%.
• This can be attributed to the strong need for reducing the human presence in hazardous locations and increasing the safety of soldiers.

The following end users are included in the report:

• Commercial
• Military (Largest and Fastest-Growing Category)
• Agriculture & Forestry
• Mining
• Automotive
• Manufacturing & Logistics
• Household Appliance

Regional Analysis

North America Is the Largest Market

• Geographically, North America is estimated to have held the largest share, of 40% in the SLAM technology market, and it is projected to retain its position in the forecast period as well.
• This is majorly ascribed to the increase in IT spending, the presence of a large manufacturing base, the early adoption of emerging technologies, a large number of industry players, and speedy economic growth in the region.
• Whereas, the APAC market is expected to register the fastest growth in the coming years.
• This can be because countries such as China and India are witnessing a significant increase in the usage of robots, due to economic growth and the expansion of manufacturing facilities.
• Additionally, the growing IT spending and the rising adoption of drones by the automotive and manufacturing industries are driving the demand for SLAM solutions.
• The European market holds a significant share. This is due to the booming digitalization, the growing automotive industry, and the increasing spending on advanced technologies.
• Presently, UAV have become a key asset in military organizations across Europe, which has enabled the market to expand considerably in recent years.
• The civil and commercial markets for UAVs are in their incipient phases with significant unrealized potential in a wide number of applications, where the available technology offers the opportunity to replace existing solutions.
• With the increasing adoption of UAVs, the demand for SLAM technology will also increase, as it is one of the key elements for UAVs for efficient location mapping.

Further, regions and countries analyzed for this report include:

• North America (Largest Regional Market)
  • U.S. (Larger Country Market)
  • Canada (Faster-Growing Country Market)
• Europe
  • Germany (Largest Country Market)
  • U.K. (Fastest-Growing Country Market)
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC) (Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • Japan
  • India (Fastest-Growing Country Market)
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest Country Market)
  • Mexico (Fastest-Growing Country Market)
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Turkey (Largest Country Market)
  • Saudi Arabia
  • South Africa
  • U.A.E. (Fastest-Growing Country Market)
  • Rest of MEA

SLAM Technology Market Share

Market Nature – Fragmented

The global SLAM technology market is highly fragmented in nature, due to the presence of a large number of local and international players. These players have been involved in several development strategies, such as product launches, mergers and acquisitions, and partnerships and collaborations, to gain a competitive edge and attain a significant position.

SLAM Technology Market News

• In March 2024, ABB launched its innovative mobile robot with AMR Studio Suite and Visual SLAM AI technology. Its AMR T702 trolley robot, equipped with Visual SLAM, offers increased accuracy, speed, and autonomy in logistics and navigation.
• In October 2023, Theobroma Systems Design and Consulting GmbH introduced a single-board computer, JAGUAR SBC-RK3588-AMR, which is designed for use in reliable and robust autonomous mobile robots (AMRs).
• In August 2023, SLAMcore Ltd. declared the accessibility of Release 23.04 of its spatial intelligence SDK for consumer electronics, robotics, and device manufacturers, to detect people in warehouses and factories.
• In May 2023, Bosch Rexroth introduced a range of robotic systems at Automate. It demonstrated its MP1000R and M200C autonomous mobile robots, Flexible Transport System, and smart flex effector.