Market Insights:
Vision Positioning System Market size was valued at USD 8.17 Billion in 2021, registering a CAGR of 9.9% during the forecast period (2022-2030), and the market is projected to be worth USD 19.11 Billion by 2030.
A vision positioning system is a location detecting system that combines several sensors, cameras, and technologies to recognise objects in the environment even in remote regions where GPS may be unreliable. The system evaluates the information generated by these sensors and cameras about its surroundings, and therefore an exact position is obtained. The technology aids in supplying information about distant objects and making navigating easier.
Vision Positioning System Market Research Report” was just released by Market Research Community. It is divided into several categories, including Component (Sensor, Camera Systems, Markers ,Others), application (Commercial, Defence), Location (Indoor Positioning System, Outdoor Positioning System) Solution (Tracking, Navigation, Analytics, Industrial Solutions, Others) Platform (Unmanned Aerial Vehicle-Drones, Automated Guided Vehicles, Robotics, Space Vehicles, Others) and companies (Adtech (Shenzhen) Technology, Locata, DJI, Parrot, ABB, Sick, Cognex, Omron, Pepperl+Fuchs, Fanuc, Infsoft, Senion), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.9%, over the forecast period of 2022–2030
Driver:
The increased adoption of Vision Positioning System in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Vision Positioning System also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Vision Positioning System in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 19.11 Billion |
| CAGR (2022-2030) | 9.9% |
| By Component | Sensor, Camera Systems, Markers ,Others |
| By Application | Commercial, Defence |
| By Solution | Tracking, Navigation, Analytics, Industrial Solutions, Others |
| By Location | Indoor Positioning System, Outdoor Positioning System |
| By Platform | Unmanned Aerial Vehicle-Drones, Automated Guided Vehicles, Robotics, Space Vehicles, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Adtech (Shenzhen) Technology, Locata, DJI, Parrot, ABB, Sick, Cognex, Omron, Pepperl+Fuchs, Fanuc, Infsoft, Senion |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Vision Positioning System market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Adtech (Shenzhen) Technology, Locata, DJI, Parrot, ABB, Sick, Cognex, Omron, Pepperl+Fuchs, Fanuc, Infsoft, Senion
Market Segment Analysis:
By Application
- Commercial
- Defence
By Location
- Indoor Positioning System
- Outdoor Positioning System
By Solution
- Tracking
- Navigation
- Analytics
- Industrial Solutions
- Others
By Component
- Sensor
- Camera Systems
- Markers
- Others
By Platform
- Unmanned Aerial Vehicle-Drones
- Automated Guided Vehicles
- Robotics
- Space Vehicles
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Vision Positioning System industries in the region.
Key Vision Positioning System Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Vision Positioning System Market segments.
– Largest Market Share Held by Industry to Industry for Vision Positioning System
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Vision Positioning System Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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