Market Research Future (MRFR)’s latest analysis reveals that the global visual positioning system market is expected to mark a CAGR of 10.87% during the projection period 2017 to 2023. The market is presumed to reach a valuation of USD 13.32 Bn towards the end of the assessment period.
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Visual positioning solutions are being highly implemented for obstacle detection which is poised to accelerate revenue creation for market participants. On the contrary, the risks involved in the deployment of these systems is far too high. In case of malfunctioning, it can cause major damages to the organization which is restricting the growth of the Vision Positioning System Market
By component, the global vision positioning system market has been segmented into sensors, camera systems, markers, and others.
By solution, the vision positioning system market has been segmented into tracking solutions, navigation solutions, analytics solutions, industrial solutions, and others.
By location, the global vision positioning system market has been segmented into indoor positioning system, outdoor positioning system, and others.
By platform, the vision positioning system market has been segmented into unmanned aerial vehicle – drones, automated guided vehicles, robotics, space vehicles, and others.
By type, the global vision positioning system market has been segmented into 1D, 2D, and 3D.
By end-user, the vision positioning system market has been segmented into BFSI, automotive, healthcare, government & defense, industrial, commercial, and others.
By region, the global vision positioning system market has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is currently placed at the pole position of the marketplace and is projected to retain its position over the assessment period. The rising demand for small drones, UAVs, robotics, etc. in the region is anticipated to expedite the growth of the market over the next few years. Europe is also an important growth pocket and is forecasted to exhibit healthy growth in the years to come. Visual positioning system market in Asia Pacific is likely to scale a decent growth rate across the forecast period. Its growth is primarily attributable to the thriving commercial market for visual positioning systems in China and India.
The major players operating in the global vision positioning system market are DJI (China), Cognex Corporation (U.S.), Sick AG (Germany), Omron Corporation (Japan), ABB (Switzerland), Pepperl+Fuchs GmbH (Europe), Senion AB (Europe), Parrot SA (France), and Seegrid Corporation (U.S).
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