Global Vision Positioning System Market, By Component (Sensors, Camera Systems, Markers, Others), Location (Indoor Positioning System, Outdoor Positioning System), Type (1D, 2D, 3D), Solution (Navigation, Analytics, Tracking, Industrial Solutions, Others), Platform (UAVs/Drones, AGV, Robotics, Space Vehicle, AUV, Others), Application (Commercial Application, Defense Application), End-User (Retail, Healthcare, Industrial, Transportation and Logistics, Hospitality, Aerospace and Defense, Automotive, Electrical and Electronics, BFSI), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Vision Positioning System Market
The vision positioning system market is expected to witness market growth at a rate of 10.30% in the forecast period of 2021 to 2028 is expected to reach USD 14,137.71 million by 2028. Data Bridge Market Research report on vision positioning system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing applications in the end user industries globally are escalating the growth of vision positioning system market.
Vision positioning system refers to a location identifying system where different sensors, cameras and technologies combine with the purpose of identifying the objects in the environment even in secluded locations where GPS might be inaccurate. The system interprets the information regarding the surroundings formulated by these sensors and cameras and thus an accurate location is acquired. The system assists in providing information regarding the afar objects and easier navigation.
The rise in the application of automated guided vehicles (AGVs) for commercial and defense purposes and high usage of unmanned aerial vehicles (UAVs) act as the major factors driving the growth of vision positioning system market. The increasing demand for artificial intelligence (AI)-enabled optical sensors and the increasing usage of commercial drones across the globe for security and law enforcement as well as agricultural purposes accelerates the vision positioning system market growth. The growing rate in industrial automation and growing utilization of smart robotics in commercial and defense applications further influence the vision positioning system market. Additionally, the high usage of the technology in applications associated with the safety and security, research and development activities and surge in investment by private and public sectors positively affect the vision positioning system market. Furthermore, rise in demand for sensors equipped with artificial intelligence and technological advancements extend profitable opportunities to the vision positioning system market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the installation and maintenance and requirement of secure and reliable communication infrastructure are the factors expected to obstruct the vision positioning system market growth. The implementation of government regulations on drone usage is projected to challenge the vision positioning system market in the forecast period of 2021-2028.
This the vision positioning system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vision positioning system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Vision Positioning System Market Scope and Market Size
The vision positioning system market is segmented on the basis of component, location, type, solution, platform, application and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the vision positioning system market is segmented into sensors, camera systems, markers and others.
- On the basis of location, the vision positioning system market is segmented into indoor positioning system and outdoor positioning system.
- On the basis of type, the vision positioning system market is segmented into 1D, 2D and 3D.
- On the basis of solution, the vision positioning system market is segmented into navigation, analytics, tracking, industrial solutions and others.
- On the basis of platform, the vision positioning system market is segmented into UAVs/drones, AGV, robotics, space vehicle, AUV and others.
- On the basis of application, the vision positioning system market is segmented into commercial application and defense application.
- On the basis of end-user, the vision positioning system market is segmented into retail, healthcare, industrial, transportation and logistics, hospitality, aerospace and defense, automotive, electrical and electronics and BFSI.
Global Vision Positioning System Market Country Level Analysis
The vision positioning system market is analyzed and market size, volume information is provided by country, component, location, type, solution, platform, application and end-user as referenced above.
The countries covered in the global vision positioning system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the vision positioning system market due to the high adoption of UAVs, AGVs, industrial robots and space vehicles and presence of prominent players in the region. Asia-Pacific and Middle East and Africa (MEA) are expected to witness significant growth during the forecast period of 2021 to 2028 because of the presence of key players, technological advancement and increasing foreign investments in the regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vision Positioning System Market Share Analysis
The vision positioning system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vision positioning system market.
The major players covered in the vision positioning system market report are ABB, ADTECH (SHENZHEN) TECHNOLOGY CO., LTD., Quest Solution Inc., Pepperl+Fuchs, Cognex Corporation, Parrot Drones SAS, FANUC CORPORATION, Senion, SICK AG, Seegrid Corporation, DJI, infsoft GmbH, LOCATA CORPORATION PTY. LIMITED, Navigine, HTS, Scape Technologies Ltd, OMRON Corporation and Maxar Technologies Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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