Vision Positioning System Market Analysis, Regional Outlook, Business Landscape 2027
Market Scenario:
A Vision Positioning System is the method of positioning of a system that uses optical sensors, ultrasonic and image data to help the various instruments to identify its current position. The advantage of optical sensors is the ability to provide the distance information needed for collision avoidance. The growth of the vision positioning system market is driven by the increasing use of vision positioning systems in industrial automation and indoor navigation to handle various kinds of operations. Being a new technology the Vision Positioning System market is also driven by the continuous evolution of CMIOS image sensor.
The global Vision Positioning System Market Size is expected to grow at USD ~$13.32 Billion by 2023, at ~10.87% of CAGR between 2017 and 2023.
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Key Players:
The prominent players in the Vision Positioning System Market are – DJI (China), Omron Corporation (Japan), Cognex Corporation (U.S.), Sick AG (Germany), ABB (Switzerland), Parrot SA (France), Pepperl+Fuchs GmbH (Europe), Senion AB (Europe), Seegrid Corporation (U.S) among others
Global Vision Positioning System Market - Segmentations
For the convenience of the report and enhanced understanding; MRFR has segmented the analysis into 7 key dynamics
By Components: Comprises Sensors, Camera, and Embedded System among others.
By Solutions: Navigation Solutions, Tracking Solutions, Analytics Solutions, and Industrial Solutions among others.
By Locations: Indoor Positioning System and Outdoor Positioning System among others.
By Platforms: Unmanned Aerial Vehicle (UAVs – Drones), Automated Guided Vehicles (AGV), Robotics, and Space Vehicles among others.
By End Users: Healthcare, Automotive, Industrial, BFSI, Commercial, Government & Defense, among others.
By Technologies: Includes 1, 2 & 3D among others.
By Regions: North America, Europe, APAC and Rest of the World.
Vision Positioning System Market - Geographical Analysis
Globally, North America leads the market for Vision Positioning System with the largest market share. Factors such as the increasing investments transpired into the development of technologies, the presence of the fervent market players that can cutting-edge technologies and increasing uptake of these systems in the defense sector drives the regional market growth. Continuing with the same growth trends, the region is expected to retain its dominance in the global market. The major markets for UAVs (drones), automated guided vehicles and robotics mainly in the US contributes the regional market growth.
While the Europe market accounts for the second largest market for the Vision Positioning System owing to the demand from the various sectors. The resurging economy in the region too contributes to the market growth largely. Moreover, augmented uptake of small drones, automated guided vehicles and robotics for commercial and civil applications fuels the regional market.
On the other hand, Asia Pacific region is expected to witness a healthy growth, emerging as the fastest growing market for the Vision Positioning System. Factors such as increasing urbanization & manufacturing sector coupled with the improving economy in the region fosters the market growth.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Marketstructure:
1.3.1 Global Vision Positioning System Market: By Component
1.3.2 Global Vision Positioning System Market: By Solution
1.3.3 Global Vision Positioning System Market: By Locations
1.3.4 Global Vision Positioning System Market: By Platform
1.3.6 Global Vision Positioning System Market: By Type
1.3.7 Global Vision Positioning System Market: By End User
1.3.8 Global Vision Positioning System Market: By Region
2 Research Methodology
2.1 Research Component
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
Continued…
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