Global Simultaneous Localization and Mapping Market to Reach $6.5 Billion by 2030
The global market for Simultaneous Localization and Mapping estimated at US$654.7 Million in the year 2023, is expected to reach US$6.5 Billion by 2030, growing at a CAGR of 38.8% over the period 2023-2030. 2D SLAM, one of the segments analyzed in the report, is expected to record 36.3% CAGR and reach US$3.7 Billion by the end of the analysis period. Growth in the 3D SLAM segment is estimated at 42.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $216 Million, While China is Forecast to Grow at 37.3% CAGR
The Simultaneous Localization and Mapping market in the U.S. is estimated at US$216 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 37.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.6% and 33% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.
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