Vision Positioning System Market  Booming at a CAGR of 11.15 % by 2026 Top Key Players Quest Solution; Senion; SICK AG; Seegrid Corporation; FANUC CORPORATION; Scape Technologies

Press Release

Google announced many new software treats at Google I/O today. Aparna Chennapragada introduced one of the best new features: visual guidance and Visual Positioning System in Google Maps Navigation. When your GPS is not enough, the new visual system in Google Maps can also use the newly coined Visual Positioning System (VPS) feature. The VPS uses your phone’s camera and Google’s extensive back-end data to analyze your surroundings to identify where you are with greater accuracy.

I’ve not flown over water at a low altitude before, but I have a mission I’m thinking about and I’m thinking about flying about 5-10 feet above the water and wanted to know what the deal is with using the VPS while flying over water. There are videos where they say to turn it off but don’t give much info about why or under what conditions one should turn it off.  Tap a button to activate the visual view and then just point your camera where you need to go to see relevant info. You will see your surroundings with an overlay of Maps information for nearby business, arrows pointing you in the direction you need to go, with a small map at the bottom to remind you where you are headed. This is a powerful addition to Google Maps and Street View.

Global Vision Positioning System Market is expected to rise from its initial estimated value of USD 6.08 billion to an estimated value of USD 14.16 billion by 2026, registering a CAGR of 11.15% in the forecast period of 2019-2026. This rise in market value can be attributed to the rapid growth and development caused by the significant levels of investments undergoing in the market.

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Top Market Competitors/Players

  • Quest Solution;
  • Senion;
  • SICK AG;
  • Seegrid Corporation;
  • FANUC CORPORATION;
  • Scape Technologies;
  • Parrot Drones SAS;
  • DJI;
  • infsoft GmbH;
  • Pepperl+Fuchs;
  • Cognex Corporation;
  • ADTECH (SHENZHEN) TECHNOLOGY;
  • LOCATA CORPORATION PTY;
  • Navigine;
  • HTS;
  • ABB;
  • OMRON Corporation
  • Maxar Technologies

The Vision Positioning System Market report provides present competitive analysis as well as valuable insights to industries or other clients to help them penetrate in a global market. Businesses will get a competitive advantage from this competitive research analysis. The major players covered in the global market report: Leading vendors in the market are included based on profile, business performance, and profit.

Market Drivers:

  • Rapid adoption of automated systems and industrial automation amid growth of Industry 4.0
  • Increasing levels of usage of robotic systems in commercial and aerospace & defense industries expected to drives the growth of the market.

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Product Vision Positioning System Market, By Type

7 Product Vision Positioning System Market, By Organization Size

8 Product Vision Positioning System Market Analysis, By Region

9 Competitive Landscape

10 Company Profiles

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Market Restraints:

  • Strict regulations and compliances regarding the usage of drones from the various authorities of different regions; this factor is expected to restrain the market growth
  • Concerns regarding malfunctioning of systems such as cameras, sensors is expected to restrain the market growth

Segmentation: Vision Positioning System Market

  • By Component
    • Sensors
    • Camera Systems
    • Markers
    • Others
  • By Location
    • Indoor Positioning System
    • Outdoor Positioning System
  • By Type
    • 1D
    • 2D
    • 3D
  • By Solution
    • Navigation
    • Analytics
    • Tracking
    • Industrial Solutions
    • Others
  • By Platform
    • Unmanned Aerial Vehicles (UAVs)/Drones
    • Automated Guided Vehicle (AGV)
    • Robotics
    • Space Vehicle
    • Autonomous Underwater Vehicle (AUV)
    • Others
  • By Application
    • Commercial Application
    • Defense Application
  • By End-User
    • Retail
    • Healthcare
    • Industrial
    • Transportation & Logistics
    • Hospitality
    • Aerospace & Defense
    • Automotive
    • Electrical & Electronics
    • Banking, Financial Services & Insurance (BFSI)
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Thailand
      • Malaysia
      • Indonesia
      • Philippines
      • Rest of Asia Pacific
    • Middle East & Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East & Africa

 Key Developments in the Market:

  • In January 2019, Scape Technologies Ltd announced they had raised USD 8 million seed investment for the development of their visual positioning system which is able to provide centimetre-accurate locations for cities. Their VPS (visual positioning system) will be able to differentiate between the objects of the environment
  • In October 2018, Quest Solution Inc. announced that they had acquired HTS Imaging Processing, Inc. This acquisition will help Quest Solution Inc. in providing automated logistics monitoring systems helping in creating of AI-powered patterns recognition in the environment.

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