At 32.3% CAGR, Middle East & Africa Simultaneous Localization and Mapping Market is Projected to be Worth US$ 197.24 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa simultaneous localization and mapping market was valued at US$ 21.04 million in 2023 and is expected to reach US$ 197.24 million by 2031, registering a CAGR of 32.3% from 2023 to 2031. Rising adoption of autonomous vehicles globally and increasing advent of industrial mobile robotics are among the critical factors attributed to driving the Middle East & Africa simultaneous localization and mapping market growth.

Simultaneous localization and mapping (SLAM) is a technological mapping method that allows autonomous vehicles to fabricate a map and localize themselves on the map at the same time. Localization and mapping are required to be combined to get an updated estimate of the map along with an efficient location of the vehicle. SLAM solutions can help autonomous vehicles locate themselves where maps are not available currently or have low connectivity. Moreover, using SLAM, the vehicle can autonomously navigate an unfamiliar environment by developing a map and simultaneously localizing itself. The growing development in the automotive industry with the integration of advanced technologies is driving the adoption of autonomous vehicles globally. SLAM is employed by leveraging multi-sensor fusion-driven techniques. Sensors include an inertial navigation system (INS), light detection and ranging (LiDAR), high-definition maps (HD Map), and a global positioning system (GPS). The rising number of autonomous vehicles boosts the growth of the simultaneous localization and mapping market. In 2021, Microsoft partnered with Volkswagen Group's Car Software Organization to fabricate self-driving cars. General Motors purchased the self-driving startup Cruise in 2016. Cruise began its San Francisco autonomous driving taxi services in 2021. In 2024, the Cruise self-driving vehicle inventory counts was 300 cars, and the company predicts to reach ~US$ 1 billion in revenue by 2025. Thus, the growing development in the automotive sector with the advancement of autonomous vehicles propels the growth of the Middle East & Africa simultaneous localization and mapping market.

On the flip side, technical limitations of simultaneous localization and mapping solutions hamper the growth of Middle East & Africa simultaneous localization and mapping market.

By offerings, the Middle East & Africa simultaneous localization and mapping market is divided into 2D SLAM and 3D SLAM. The 2D SLAM segment held a 69.4% share of Middle East & Africa simultaneous localization and mapping market share in 2023, amassing US$ 14.61 million. It is projected to garner US$ 132.49 million by 2031 to register 31.7% CAGR during 2023-2031.

In terms of system type, the Middle East & Africa simultaneous localization and mapping market is bifurcated into camera based and LiDAR based. The camera based segment held 64.6% share of Middle East & Africa simultaneous localization and mapping market share in 2023, amassing US$ 13.59 million. It is projected to garner US$ 118.22 million by 2031 to register 31.0% CAGR during 2023-2031.

Based on application, the Middle East & Africa simultaneous localization and mapping market is segmented into robotics, UAV, AR or VR, automotive, RTLS, and others. The robotics segment held 35.6% share of Middle East & Africa simultaneous localization and mapping market share in 2023, amassing US$ 7.48 million. It is projected to garner US$ 63.66 million by 2031 to register 30.7% CAGR during 2023-2031.

Based on country, the Middle East & Africa simultaneous localization and mapping market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 33.4% share of Middle East & Africa simultaneous localization and mapping market in 2023. It was assessed at US$ 7.03 million in 2023 and is likely to hit US$ 67.16 million by 2031, registering a CAGR of 32.6% during 2023-2031.

Key players operating in the Middle East & Africa simultaneous localization and mapping market are ANAVS GmbH; Applanix; Exyn Technologies Inc; FARO Technologies Inc; Kudan Inc; Kuka AG; Leica Geosystems AG; Leishen Intelligent System Co., Ltd; MAXST Co Ltd; NavVis GmbH; Nexxis; Rethink Robotics GmbH; Sevensense Robotics AG; Slamcore Ltd; and Visimind AB, among others.

• In September 2024: Rethink Robotics announces the Rethink Ryder line of AMRs at IMTS 2024. The Rethink Ryder line includes two models, the light- to - medium weight MRE 550 model handles payloads of up to 550 kg (1212 pounds), and the heavy-duty MRE 1400 model handles payloads of up to 1400 kg.

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