The SLAM robots market revenue in 2022 was US$ 185.9 Million. The SLAM robots market is expected to reach US$ 2,133.3 Million by 2033, as it is estimated to grow at a CAGR of 25.6% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Estimated Year (2023) Market Value | US$ 230.5 Million |
| Projected Year (2033) Market Value | US$ 2,133.3 Million |
| CAGR% (2023 to 2033) | 25.6% |
| Top 5 Vendor Market Share | Around 40% |
SLAM robot uses the latest simultaneous localization and mapping (SLAM) technology with RPLidar a 360-degree lidar, which sends Laser scan value to Matlab for environment mapping. Due to their ability to navigate new, complex, and dynamic terrains without prior information, they are used in many applications in automobiles, defense systems, and home appliances, among other fields. These robots are widely used in retail sectors for personalized customer experiences, targeted medication delivery, and complex construction activities.
SLAM robots market consists of 5% of the global robotics market.
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The SLAM robots market is estimated to grow at a CAGR of 25.3% for the forecast period compared to the historic CAGR for the period 2018 to 2022 of 18.2%.
Increasing utilization of automated robots across a variety of industry verticals is estimated to accelerate the adoption of SLAM robotics in the coming future. The use of SLAM robots for managing and transporting containers and packages of products is already a practice in large enterprises and developed countries, this technology could percolate into developing countries and small enterprises further during the forecast period.
Companies and industries are relying more on technology to improve the output of their processes and reduce the errors that are caused by human workers, apart from that, automation software and devices assist human workers in improving the efficiency of their work. SLAM robots have various applications in the industrial sector that help in the improvement of operations, driving the market for SLAM robots.
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The North American region is analyzed to dominate the global SLAM robot market with a share of 26.7% in 2022 and the South-Asia Pacific region is estimated to grow at the fastest rate with a CAGR of 27.8% during the forecast period of 2023 to 2033.
Growing applications of SLAM technology in defense, logistics, and industrial sectors combined with the presence of major market players namely Amazon Robotics and Apple are the key factors influencing the market dominance of the SLAM robot market in the North American region.
Rising trend towards industrial automation, increasing advancements in robotics, and the rising emphasis on the adoption of autonomous home appliances & gadgets. These are some of the significant factors analyzed to positively impact the growth of the SLAM Robot Market in the South-Asia Pacific region in the coming years.
Due to technological advancements in the past, good infrastructure for the adoption of SLAM robots as most industries have already shifted to certain levels of automation, and so on, the United States was estimated to dominate the global SLAM robot market with a share of 15.7% in 2022.
Furthermore, rising potential applications for SLAM robots in the e-commerce industry, shopping malls, construction sites, healthcare, and other sectors are significant factors driving the country's high adoption rate.
During the global pandemic of 2020, the adoption rate of robots and smart home appliances skyrocketed due to the increasing emphasis on contactless services and social distancing. Factors such as the widespread use of robots for targeted medicine delivery, sales, e-commerce, and surveillance are the key factors accelerating the adoption of SLAM Robots in China.
Due to these factors, the Chinese SLAM robot market is estimated to grow at a CAGR of 26.5% over the forecast period.
Increasing skill development initiatives, student scholarships for R&D in the field of science and technology, as well as programs like AI for India, AI Ideathon, and Make in India are some of the key factors encouraging technological innovations in the development of advanced robotics in India, thus encouraging the development and adoption of SLAM robots in India and allowing the market to grow at a CAGR of 28.1% in India.
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Graph-based SLAM Robots can be implemented at low cost with relatively inexpensive cameras and they can also be used for detecting landmarks thereby ensuring a high level of precision. Such factors are leading to the widespread adoption of graph-based SLAM technology in varied industry verticals, this technology can also be implemented for underwater exploration increasing its application for navigational purposes.
For these reasons, graph-based slam robots held the largest market share of 41.7% for 2022 by type.
Based on the offerings the two-dimensional segment is analyzed to dominate the SLAM Robot Market with a share of 59.3% in 2022, owing to the factors such as increasing application of 2D sensors in various appliances, less complexity associated with the implementation of 2D SLAM technology as compared to the 3D SLAM technology and so on. Furthermore, 2D SLAM technology is being widely used in industrial robots for direction mapping, localization, and motion planning. These are the key factors behind the increased market share of 2D SLAM Robots.
SLAM Robots' market share for the Augmented Reality (AR)/Virtual Reality (VR) application is estimated to grow at the fastest rate with a CAGR of 28.9% during the forecast period of 2023 to 2033. Some factors behind this market growth are the growing use of SLAM technology in AR applications for object recognition and overlay digital interactive augmentations, along with the rising utilization of SLAM in autonomous robots, home appliances, machines, and so on.
Additionally, the inability of the GPS to provide a high level of precision and its failure to work in enclosed spaces have accelerated the adoption rate of SLAM robots for various applications. Such factors are expected to boost SLAM Robots' market share for Augmented Reality (AR) and Virtual Reality (VR) applications in the coming years.
Currently, the SLAM technology is being developed for robots among technology companies to improve the functioning of self-driving cars and unmanned aerial vehicles (UAV), the technology is also being developed for medical and surgical purposes.
| Attribute | Details |
|---|---|
| Market value in 2022 | US$ 185.9 Million |
| Market CAGR 2023 to 2033 | 25.3% |
| Share of top 5 players | Around 40% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey, and South Africa |
| Key Segments Covered | Type, Offering, Application, and Region |
| Key Companies Profiled | Flyability; Amazon; Apple; Microsoft; Intel Corporation; Clearpath Robotics Inc.; Kuka AG; Geoslam; Slamcore; Slamtec |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Some leading SLAM robots are Microsoft, Intel, Amazon, and Apple.
South Asia and the Pacific are estimated to have the highest growth for SLAM robots during the forecast period at 27.8%.
Automation of process in numerous industries and processes.
The two-dimensional offering had the largest market share for the SLAM robots at 59.3% in 2021.
Augmented reality(AR)/Virtual reality (VR) has the highest CAGR of 28.9% for the forecast period.
UK, USA, Canada, China, and India.
The market share of South Asia and the Pacific for the year 2022 for the SLAM robots was 15.9%.
North America had a market share of 26.7% in 2021 for SLAM robots.
India has the highest CAGR for the forecast period, which is 28.1%.
The estimated market value for SLAM robots for the year 2024 is US$ 286.5 Million.
For the East Asia region, the CAGR for the forecast period is estimated to be 23.3% for the SLAM robots.
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