Vision Positioning System Market by Component (Sensors, Camera Systems, Markers), Location (Indoor Positioning, Outdoor Positioning), Solution, Platform, Application (Commercial, Defense), and Region - Global Forecast to 2022
“Increasing industrial automation, such as usage of smart robotics is playing a major role in the adoption of vision positioning systems throughout the world.”
The vision positioning system market is projected to grow from USD 5.58 billion in 2017 to USD 9.25 billion by 2022, at a CAGR of 10.65% during the forecast period. Increasing industrial automation, usage of smart robotics in commercial and defense applications, and increasing use of UAVs (unmanned aerial vehicles) for industrial as well as defense purposes has led to the growth of the market vision positioning system globally. However, stringent government regulations that have led to a ban on drone usage in some countries such as Japan and India may restrain the growth of this market.
“Among applications, the commercial segment is expected to lead the vision positioning system market during the forecast period.”
Among applications, the commercial segment of the vision positioning system market is projected to grow at the highest CAGR during the forecast period. The growth of the vision positioning system is driven by several factors, such as increased use of vision positioning systems in industrial automation and indoor navigation, especially in robotics and commercial drones, to handle all kinds of operations. There is an increasing demand in major countries such as the U.S. and China for small drones, automated guided vehicles, and robotics for commercial and civil applications.
“Based on component, the camera systems segment is estimated to account for the largest share of the vision positioning system market in 2017.”
Based on component, the camera systems segment is estimated to have the largest share of the vision positioning system market in 2017. The growth of this segment is driven by the upgrade of security systems in existing infrastructures such as universities, public banks, and corporate offices, among others. Installations of camera systems are carried out at a specific height from the ground. High security areas such as restricted military infrastructures are high potential installation sites for vision positioning systems. Military installations use fixed installations on walls, poles, or border crossings.
“North America vision positioning system market to grow at the highest CAGR during the forecast period.”
The North America vision positioning system market is driven by factors such as demand for improved situational awareness, need for terrain mapping, and growing trend of industrial automation. North America is one of the major markets for unmanned aerial vehicles (drones), automated guided vehicles, and robotics. Unmanned aerial vehicles and robotics have been in use in the U.S. for military and defense applications since many years. Currently, unmanned aerial vehicles and robotics are also used for various commercial applications, such as precision agriculture, inspection, and surveys.
“Break-up of profile of primary participants for the vision positioning system market”
• By Company Type: Tier 1 – 35 %, Tier 2 – 45% and Tier 3 – 20%
• By Designation: C level – 35%, Director Level – 25%, Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5%
The major companies profiled in the report include DJI (China), Cognex Corporation (U.S.), Omron (Japan), Parrot SA (France), Locata Corporation Pty. Ltd (Australia), and Pepperl+Fuchs (Germany), among others.
The study segments the market on the basis of component (sensors, camera systems, markers, and others), by location (indoor positioning system and outdoor positioning system), by solution (tracking, navigation, analytics, industrial solutions, and others), by platform (unmanned aerial vehicle, automated guided vehicle, robotics, autonomous undersea vehicle, and space vehicle), by application (commercial and defense), and regions (North America, Europe, Asia-Pacific, Middle East, and Rest of the World). From an insight perspective, this research report has focused on various levels of analyses — industry analysis (industry & technological trends, contract mapping), market-share analysis of top players, and company profiles. These together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the vision positioning system market, high-growth regions and countries, and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
Reasons to buy the report:
From an insight perspective, this research report has focused on various levels of analysis —industry analysis (industry trends), market-share analysis of top players, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the vision positioning system market, high-growth regions and countries, government initiatives, and market drivers, restraints, and opportunities.
The report provides insights into the following pointers:
• Market Penetration: Comprehensive information on vision positioning system market offered by the top 10 market players
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the vision positioning system market
• Market Development: Comprehensive information about lucrative emerging markets - the report analyses markets for vision positioning system across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the vision positioning system market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the vision positioning system market