Press release
Robotic Mapping And Navigation Market Set to Reach $33.95 Billion by 2029 with 21.3% Yearly Growth
Robotic Mapping And Navigation Market Share
As the demand for drones climbs, it's anticipated to drive the expansion of the robotic mapping and navigation sector. Drones, also known as unmanned aerial vehicles (UAVs), can either be controlled remotely by a person or run autonomously via installed computers. Their increasing popularity is attributed to their speed, efficiency, scalability, contactless delivery, environmental advantages, and financial savings. The role of robotic mapping and navigation is pivotal in guiding drones to plot precise courses and dodge impediments, thus guaranteeing secure and effective deliveries, even in more challenging areas. For example, a July 2022 report from the UK government projected that by 2030, more than 900,000 drones will be operating in the UK airspace, potentially resulting in approximately £22 billion ($24.2 billion) in net cost savings for businesses and public services via drone technology usage. Thus, the growing demand for drones propels the expansion of the robotic mapping and navigation sector.
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How will the growth rate of the robotic mapping and navigation market shape industry trends by 2034?
There has been a substantial expansion in the sector of robotic mapping and navigation in the past few years. The market value, which is projected to escalate from $12.91 billion in 2024 to $15.7 billion in 2025, is expected to have a compound annual growth rate (CAGR) of 21.6%. The unprecedented growth observed in the historical period can be traced back to several factors including the escalating need for advanced mapping and navigation technologies, the rise of AI-driven navigation, increasing demand for autonomous delivery systems, the advent of enhanced surveillance systems, and the proliferating use of commercial drone technology.
The market for robotic mapping and navigation is projected to witness significant growth in the coming years, ballooning to a value of $33.95 billion by 2029, with a compound annual growth rate of 21.3%. This predicted surge during the forecast period can be attributed to the escalating usage of adaptable and intelligent robots, the increasing propensity towards sensor technology, growth in the utilization of artificial intelligence and machine learning along with a rise in autonomous systems, and an upsurge in digital transformation. Key trends during this period include the merging of advanced AI for superior autonomous decision-making, the creation of more compact and energy-efficient lidar sensors, improvements in multi-sensor fusion for superior perception of the environment, innovations in real-time 3D mapping technologies, the use of collaborative robots equipped with dynamic path-planning capabilities, advancements in edge computing for swift data processing, and the rise of innovations in high-precision, low-cost alternatives to GPS.
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What trends are poised to drive the future success of the robotic mapping and navigation market?
Leading companies in the robotic mapping and navigation market are keen on providing cutting-edge technologies like advanced visual simultaneous localization and mapping (VSLAM) to improve the accuracy, effectiveness, and dependability of autonomous navigation systems for an array of applications, inclusive of robotics, drones, and self-driving vehicles. The advanced visual simultaneous localization and mapping (VSLAM) technology intends to heighten the real-time navigation and obstacle evasion competencies of autonomous robots. It amalgamates multiple sensors to construct accurate 3D maps for efficient route planning and precise location determination. For example, in March 2023, Pudu Robotics Inc., a Chinese firm that manufactures robots, rolled out PUDU VSLAM+, an enhanced version of PUDU VSLAM+ technology. This offers revolutionary features like a pure visual simultaneous localization and mapping (SLAM) methodology for cost-effective and versatile navigation without the need for external markers. It boosts stability and adaptability by spotting features on roofs and vertical spaces exceeding 30 meters in height. This sophisticated technology is a considerable leap in simultaneous localization and mapping (SLAM), crucial for equipping autonomous robots to navigate and comprehend their surroundings.
Which primary segments of the robotic mapping and navigation market are driving growth and industry transformations?
The robotic mapping and navigation market covered in this report is segmented -
1) By Type: Industrial Robots, Service Robots
2) By Navigation Technology: Laser Or LiDAR, Vision Guidance, Other Navigation Technologies
3) By Application: Hospitals And Healthcare, Manufacturing, Logistics And Warehouse, Military, Other Applications
Subsegments:
1) By Industrial Robots: Robotic Arms For Manufacturing, Autonomous Mobile Robots (AMRs) For Warehousing, Collaborative Robots (Cobots), Robotic Systems For Material Handling, Inspection And Quality Control Robots
2) By Service Robots: Healthcare Robots, Cleaning Robots, Delivery Robots, Agricultural Robots, Security And Surveillance Robots, Hospitality Robots
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Which geographical regions are pioneering growth in the robotic mapping and navigation market?
Europe was the largest region in the robotic mapping and navigation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic mapping and navigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the robotic mapping and navigation market landscape?
Major companies operating in the robotic mapping and navigation market are Intel Corporation, DENSO Corporation, Nvidia Corporation, Omron Corporation, Zebra Technologies Corporation, Yaskawa Electric Corporation, KUKA AG, iRobot Corporation, Nuro Inc., Boston Dynamics Inc., Locus Robotics Corp, Seegrid Corporation, Mobile Industrial Robots, Velodyne Lidar Inc., Clearpath Robotics Inc., Aethon Inc., Hi-Tech Robotic Systemz Ltd., Vecna Robotics Inc., Robomow Inc., InVia Robotics Inc., Starship Technologies Ltd., Robotnik Co., BlueBotics SA, SMP Robotics Systems Corp., Ruvu Robotics
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What Is Covered In The Robotic Mapping And Navigation Global Market Report?
•Market Size Forecast: Examine the robotic mapping and navigation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the robotic mapping and navigation market for a structured understanding.
•Key Players Overview: Analyze major players in the robotic mapping and navigation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the robotic mapping and navigation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the robotic mapping and navigation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the robotic mapping and navigation market.
•Industry Challenges: Identify potential risks and obstacles affecting the robotic mapping and navigation market.
•Competitive Landscape: Review strategic developments in the robotic mapping and navigation market, including expansions, agreements, and new product launches.
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