Simultaneous Localization and Mapping Market
Increasing Advent of Industrial Mobile Robotics to Fuel Simultaneous Localization and Mapping Market Growth During Forecast Period
The rapid advancement of factory automation is necessitating industries to adopt smarter and more efficient technologies. Industrial mobile robots are gaining noticeable traction in applications across industrial setups, such as warehouse robots, assembly line automation, and inspection in power lines in smart grids. Localization and mapping are essential technologies of mobile robots, and SLAM is considered as a crucial aspect of the overall process. SLAM is usually resource-intensive and requires high-fidelity sensors to effectively navigate an environment. These autonomous machines navigate manufacturing environments, executing critical tasks with precision. Industrial mobile robots are employed in manufacturing and industrial environments for handling delicate parts, transporting materials, inspecting products for quality control, and assisting in logistics. These robots operate autonomously and adapt to changing environments, making them highly valuable in industries such as electronics, automotive, and pharmaceuticals. In mobile robotics, SLAM has high significance because of its applications in the exploration of hard-to-reach places and surveillance in remote industrial setups.
In May 2023, Oishii collaborated with Yaskawa Electric Corporation for automation solutions. Further, in March 2024, ABB inaugurated its renovated US robotics headquarters and manufacturing facility in Auburn Hills, Michigan. In May 2024, ABB launched IRB 7710 and IRB 7720 robots that support industrial applications. The facility is expanded to support ABB Robotics’ development and manufacturing of advanced robotic solutions in the US. In 2022, ABB opened a robotics factory in Kangquiao, Shanghai, China. Thus, the growing advent of automation and the application of robotic technology in the industrial setup is driving the growth of the simultaneous localization and mapping market.
Simultaneous Localization and Mapping Market: Industry Overview
The simultaneous localization and mapping market is segmented on the basis of offering, system type, and application. Based on offering, the simultaneous localization and mapping market is segmented into 2D SLAM and 3D SLAM. In terms of system type, the market is bifurcated into camera-based and LiDAR-based. In terms of application, the market is segmented into robotics, UAV, AR/VR, automotive, RTLS, and others. Geographically, the simultaneous localization and mapping market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
In terms of revenue, North America dominated the Simultaneous Localization and Mapping market share, followed by Asia Pacific and Europe.
North America is one of the primary adopters of autonomous vehicle technology, owing to the adoption of high-end technological integration and the presence of key market players such as Ford Motor Company, Tesla Inc., The Lucid Group Inc., and General Motors Company. These players drive the automotive industry’s development through strategic initiatives such as new product introduction and advancing features of existing products through research and development and collaborations. The automotive market in North America is demonstrating a positive indication with the rising autonomous vehicle production. The automotive industry is observing a rapid evolution toward electrification and integrating smart technologies such as localization and mapping.
The growing healthcare infrastructure in terms of building new multi-specialty hospitals and care centers, along with a rising focus on advanced healthcare facilities such as integration of advanced technologies and the Internet of Things (IoT), is expected to boost the growth of the simultaneous localization and mapping market in North America. Growing industrialization across the region boosts the market growth substantially. The surging building and construction investments, including government funding toward infrastructure developments, are further driving the demand for industrial automation and robotics technology.
Germany, France, Italy, the UK, and Russia are among the major economies in Europe. The increasing industrialization across the region propels the application of industrial robotics across Europe. The Europe simultaneous localization and mapping market is driven by the collaborative initiatives facilitated by organizations such as the European Space Agency (ESA). Partnerships that foster research and development encourage the exchange of knowledge and expertise regarding space-related technologies and developments among member states. The region’s commitment to space exploration is evident in projects such as the Copernicus program, which emphasizes Earth observation and environmental monitoring. As the demand for small satellites and satellite consortiums rises, the Europe simultaneous localization and mapping market is positioned to thrive. This contributes to the advancements in space technology and reinforces Europe’s position as a key region in the global space sector.
Simultaneous Localization and Mapping Market: Competitive Landscape and Key Developments
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 leading players profiled in the simultaneous localization and mapping market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The simultaneous localization and mapping market report provides detailed market insights, which help the key players strategize their market growth. As per the company press releases, below are a few recent key developments:
- NavVis opens its fourth global office located in Birmingham to meet the growing demand in the UK market and beyond for scan-based digital twin technology. (Source: NavVis, Press Release, September 2022)
- As part of this strategic partnership, NavVis will bring NavVis VLX and NavVis IVION Enterprise to Magic Leap’s new and existing enterprise customers with an initial focus on manufacturing. Magic Leap customers will be able to leverage NavVis’s expansive visualization capabilities to generate photorealistic, accurate digital twins of their facilities at unprecedented speed and scale. (Source: NavVis, Press Release, July 2022)
- Kudan Inc. announced that it has signed a Memorandum of Understanding (MOU) for a strategic partnership with STS Engineering & Construction Kft. This partnership aims to transform asset management for European municipalities and utility customers by combining Kudan’s SLAM technology and mapping productization package with STS Group’s 15-plus years of market expertise and experience in energy infrastructures. (Source: Kudan Inc., Press Release, November 2023)
