Odometry Market Report 2026

The odometry market size has grown strongly in recent years. It will grow from $22.74 billion in 2025 to $24.54 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth of robotics and automation systems, increasing adoption of industrial sensors and encoders, demand for basic navigation systems in mobile robots, expansion of automotive driver assistance systems, rise in warehouse automation and logistics tracking.

The odometry market size is expected to see strong growth in the next few years. It will grow to $33.56 billion by 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to expansion of autonomous vehicles and drones, increasing adoption of AI powered localization systems, rising demand for real time mapping and navigation, growth of smart manufacturing and industry 4.0 adoption, integration of edge computing in motion tracking systems. Major trends in the forecast period include sensor fusion based odometry systems, visual inertial odometry adoption in robotics, slam enabled real time localization technologies, high precision imu and encoder integration, edge AI based motion estimation algorithms.

The growing adoption of autonomous vehicles is anticipated to drive the expansion of the odometry market in the coming years. Autonomous vehicles are self-operating systems that utilize a combination of sensors, algorithms, and positioning technologies to navigate without human intervention. The increasing adoption of autonomous vehicles is primarily fueled by advancements in artificial intelligence and sensor technologies, which have enhanced the reliability and scalability of these systems, supporting broader deployment across both commercial and passenger transportation sectors. The expanding use of autonomous vehicles significantly increases the demand for odometry systems, as they are essential for accurately tracking real-time vehicle position, speed, and direction, thereby enabling precise and safe navigation in dynamic environments. For instance, in December 2024, according to the National Highway Traffic Safety Administration, a US-based government agency, it is estimated that by 2030, approximately 4.5 million self-driving vehicles will be operating on U.S. roads. Therefore, the increasing adoption of autonomous vehicles is driving the growth of the odometry market.

Leading companies operating in the odometry market are focusing on adopting strategic partnerships to enhance localization accuracy, improve navigation reliability, and support autonomous operations. A strategic partnership refers to a collaborative agreement between organizations to combine resources, expertise, or technologies in order to achieve shared business objectives and mutual growth. For example, in March 2025, Swift Navigation, a US-based positioning technology company, collaborated with STMicroelectronics, a Switzerland-based semiconductor company, to introduce an end-to-end GNSS solution for automotive autonomy. This solution combines precise positioning with automotive-grade hardware to provide lane-level accuracy, enabling dependable vehicle localization and improving odometry performance in advanced driver-assistance systems (ADAS) and autonomous driving applications.

In January 2024, ABB, a Switzerland-based automation company, acquired Sevensense for an undisclosed sum. Through this acquisition, ABB intends to incorporate Sevensense’s AI-powered 3D vision navigation and Visual SLAM technology into its autonomous mobile robot portfolio, improving real-time localization, mapping, and odometry functions to enable faster, more precise, and highly autonomous operations across logistics, manufacturing, and other dynamic industrial settings. Sevensense is a Switzerland-based startup focused on AI-enabled 3D vision navigation solutions for autonomous mobile robots, including visual odometry.

Major companies operating in the odometry market are STMicroelectronics N.V., Trimble Inc., Advanced Navigation Pty Ltd, Skydio Inc., Unitree Robotics Co. Ltd., Bosch Sensortec GmbH, NavVis GmbH, Silicon Sensing Systems Ltd, Honeywell International Inc., ACEINNA Inc., oToBrite Electronics Inc., Columbia Research Laboratories Inc., Navenio Ltd, VectorNav Technologies LLC, Point One Navigation Inc., Oxford Technical Solutions Ltd, SBG Systems S.A.S., Aeron Systems Pvt. Ltd., SLAMcore Limited, ANELLO Photonics Inc., Tersus GNSS Inc., Epson Europe Electronics GmbH, Fixposition AG.

North America was the largest region in the odometry market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the odometry market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the odometry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The odometry market consists of revenues earned by entities by providing services such as sensor fusion solutions, calibration services, embedded software development, navigation algorithm design, and system integration for position tracking applications. The market value includes the value of related goods sold by the service provider or included within the service offering. The odometry market also includes sales of wheel encoders, inertial measurement units (IMUs), optical sensors, and motion tracking controllers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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