SLAM Robots Market

SLAM Robots Market Overview (2023 to 2033)

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.

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.

2018-2022 SLAM Robots Market Demand Outlook Compared to 2023-2033 Forecast

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.

Growth of Automation to Increase the Efficiency and Reduce the Operational Costs Is Accelerating the Adoption of SLAM Robots in Industrial Units

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.

Sudip Saha

Principal Consultant

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Regional Analysis

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.

Country wise insights

Technological Advancement and Use in E-Commerce and Logistics Drive the Use of SLAM Robots in the US

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.

Growth in the Use of Smart Home Appliances Allowing SLAM Robots Market to Grow in China

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.

Government Initiatives Driving the Growth of the SLAM Robots Market in India

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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Category wise Insights

Why Graph-based SLAM Robots Have the Higher Market Share in the SLAM Robots Market by Type?

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.

Why Does Two Dimensional Segment Have the Larger Market Share by Offering for the SLAM Robots Market?

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.

Why the Augmented Reality (AR)/Virtual Reality (VR) has the Highest CAGR by Application?

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.

Competitive Landscape

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.

• In September 2022, ABB, a Swiss company launched Flexley mobile robots that are equipped with innovative visual simultaneous localization and mapping (SLAM) technology, which assists mobile robots in navigating environments that are constantly changing and complex. Such developments are positively impacting the growth of the SLAM robot market in the region.
• In July 2022, Pudu Robotics, a Chinese company launched PuduBot 2 universal delivery robot. The robot uses laser and vision camera data to accurately maintain its location on the facility map, and it is outfitted with the company's own PUDU SLAM (Simultaneous Localization and Mapping) technology. Such developments are analyzed to fuel the growth of the SLAM robot market in the region.

Scope of report

SLAM Robots Market by Category

By Offering:

• EKF SLAM
• Graph-Based SLAM
• By Type
  • 2D SLAM Robots
  • 3D SLAM Robots

By Application:

• Indoor Navigation
• Unmanned Aerial Vehicle (UAV)
• Augmented Reality (AR)/Virtual Reality (VR)
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa (MEA)