Vision Positioning System Market Set to Grow with CAGR of 11.15 % By 2026 With Leading Players Parrot Drones SAS; DJI; infsoft GmbH; Pepperl+Fuchs; Cognex Corporation

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.

The vision positioning system is a location identifying system where different sensors, cameras, and technologies combine to identify the objects in the environment even in secluded locations, where GPS might not be as accurate. These sensors, cameras combine to formulate the information regarding the surroundings which is interpreted by the system and an accurate location is formulated. This system helps in easier navigation and provides information regarding the afar objects

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

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

In addition, information gathered in this Vision Positioning System Market report has been assembled from diaries and market research specialists to assemble a record that reveals insight into the consistently changing nature of market elements in an unprejudiced manner. The report presents key data and information identified with the worldwide Vision Positioning System Market in a careful and effectively justifiable way. It gives exact market figures and estimates that have been determined with the utilization of cutting edge essential and optional research methods.

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 centimeter-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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