SLAM Technology Market projected to reach $7811.04 million by 2032, fueled by innovation and demand
From GlobeNewswire: 2025-04-10 09:30:00
The SLAM Technology Market is projected to reach $7811.04 million by 2032, growing at a CAGR of 36.43%. The rapid growth is fueled by innovation in autonomous systems, AR/VR technologies, and the increasing demand for automation across various sectors. The U.S. market is expected to grow at a 36.16% CAGR, driven by investments in AI and IoT.
SLAM technology is gaining traction in smart cities for urban planning and infrastructure development. Innovations like AI-driven mapping algorithms and sensor fusion are enhancing accuracy and operational efficiency. The demand for real-time processing is driving widespread implementation across industries.
In 2023, the 2D SLAM segment dominated the market, accounting for 56.6% of the share, driven by its use in robotics and indoor mapping. The 3D SLAM segment is expected to experience the highest CAGR from 2024-2032, fueled by demand in autonomous vehicles and AR/VR applications.
North America led the SLAM market in 2023, with a 38.6% share, driven by investments in autonomous vehicles and robotics. Asia Pacific is projected to experience the highest growth rate, fueled by advancements in smart manufacturing and consumer electronics. Companies in the region are employing SLAM technology in drones and humanoid robots for navigation and interaction.
Recent development: Apple’s Vision Pro faces competition from Play For Dream’s Android-powered spatial computer, the PFD MR. Meta has launched the Aria Gen 2 smart glasses with dual 8K micro-OLED screens and Qualcomm’s Snapdragon XR2+ chip for premium mixed reality experiences. Upgraded sensors, real-time AI processing, and heart rate tracking aim to enhance accessibility for individuals with visual or hearing impairments. The glasses focus on AI research, robotics, and machine perception.
Read more at GlobeNewswire: Simultaneous Localization and Mapping (SLAM) Market to Hit