Odometry Market Report 2026

Odometry Market Overview

• Odometry market size has reached to $22.74 billion in 2025 • Expected to grow to $24.54 billion in 2030 at a compound annual growth rate (CAGR) of 8.1% • Growth Driver: Increasing Adoption Of Autonomous Vehicles Driving The Market Growth Due To Rising Demand For Precise Navigation And Positioning Technologies • Market Trend: Innovations In GNSS Technology Enhance Positioning Accuracy And Reliability In Odometry Systems • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Odometry Market?

Odometry is a motion estimation technology used to determine the position and movement of objects by measuring changes in sensor inputs such as wheel rotation, inertial measurements, or optical signals over time. It enables continuous tracking of displacement, velocity, and orientation in dynamic environments by integrating data from multiple sensing components. It is widely used in systems requiring precise navigation and spatial awareness through sensor fusion and real-time computation. The main components of the odometry are hardware, software, and services. Hardware refers to physical devices such as sensors and measurement units used to capture motion and positional data for tracking movement and displacement. These solutions are categorized by type, including wheel odometry, visual odometry, inertial odometry, light detection and ranging odometry, and visual inertial odometry, and are offered across different price points, such as low cost, mid range, and high precision. They are used across various applications, including position tracking and displacement monitoring, motion estimation and velocity tracking, robot navigation and path planning, autonomous vehicle localization, mapping and simultaneous localization and mapping, indoor navigation, and industrial automation tracking, and cater to multiple end-user industries, such as automotive and transportation, logistics and manufacturing, aerospace and defense, consumer electronics, and healthcare.

What Is The Odometry Market Growth Forecast?

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.

Global Odometry Market Segmentation

1) By Component: Hardware, Software, Services 2) By Type: Wheel Odometry, Visual Odometry, Inertial Odometry, Light Detection And Ranging Odometry, Visual Inertial Odometry 3) By Price Point: Low Cost, Mid Range, High Precision 4) By Application: Position Tracking And Displacement Monitoring, Motion Estimation And Velocity Tracking, Robot Navigation And Path Planning, Autonomous Vehicle Localization, Mapping And Simultaneous Localization And Mapping, Indoor Navigation, Industrial Automation Tracking 5) By End User Industry: Automotive And Transportation, Logistics And Manufacturing, Aerospace And Defense, Consumer Electronics, Healthcare Subsegments: 1) By Hardware: Sensors, Encoders, Inertial Measurement Units, Processing Units, Control Modules 2) By Software: Navigation Software, Mapping Software, Localization Software, Motion Estimation Software, Data Processing Software 3) By Services: Integration Services, Calibration Services, Maintenance Services, Consulting Services, Support Services

What Is The Driver Of The Odometry Market?

The increasing adoption of autonomous vehicles is expected to propel the growth of the odometry market going forward. Autonomous vehicles are self-driving systems that use a combination of sensors, algorithms, and positioning technologies to navigate without human input. The growing adoption of autonomous vehicles is largely driven by advancements in artificial intelligence and sensor technologies, which have made these systems more reliable and scalable, encouraging wider deployment across commercial and passenger transportation sectors. The rising prevalence of autonomous vehicles boosts demand for odometry systems as they are fundamental for tracking real-time vehicle position, speed, and direction, 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, by 2030, an estimated 4.5 million self-driving vehicles will operate on U.S. roads. Therefore, the increasing adoption of autonomous vehicles is driving the growth of the odometry industry.

Key Players In The Global Odometry Market

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

Global Odometry Market Trends and Insights

Major 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 is a collaborative agreement between organizations to combine resources, expertise, or technologies to achieve shared business objectives and mutual growth. For instance, in March 2025, Swift Navigation, a US-based positioning technology company, collaborated with STMicroelectronics, a Switzerland-based semiconductor company, to launch an end-to-end GNSS solution for automotive autonomy. This solution integrates precise positioning with automotive-grade hardware to deliver lane-level accuracy, enabling reliable vehicle localization and enhancing odometry performance in advanced driver-assistance systems (ADAS) and autonomous driving applications.

What Are Latest Mergers And Acquisitions In The Odometry Market?

In January 2024, ABB, a Switzerland-based automation company, acquired Sevensense for an undisclosed amount. With this acquisition, ABB aims to integrate Sevensense’s AI-enabled 3D vision navigation and Visual SLAM technology into its autonomous mobile robot portfolio, enhancing real-time localization, mapping, and odometry capabilities to deliver faster, more accurate, and highly autonomous operations across logistics, manufacturing, and other dynamic industrial environments. Sevensense is a Switzerland-based start-up specializing in AI-enabled 3D vision navigation technology for autonomous mobile robots, including visual odometry.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Odometry Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Odometry Market Report 2026?

The odometry market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the odometry industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.