Vision Positioning System Market Booming at high CAGR of 11.15% by 2026 with Top Key Players ABB; ADTECH (SHENZHEN) TECHNOLOGY; Quest Solution; Pepperl+Fuchs; Cognex Corporation

Press Release

When you revisit a mapped area, the technology will relocate your device instantly in that map. 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. Visual search is one of the most complex and fiercely competed sectors of our industry. Earlier this month, Bing announced its new visual search mode, hot on the heels of similar developments from Pinterest and Google. The search industry has developed significantly over the past decade, through advances in personalization, natural language processing, and multimedia results. And yet, one could argue that the power of the image remains untapped.

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.

Prominent Players of this Market are: LOCATA CORPORATION PTY.; Navigine; HTS;  Scape Technologies Ltd;  OMRON Corporation and Maxar Technologies, ABB; ADTECH (SHENZHEN) TECHNOLOGY; Quest Solution; Pepperl+Fuchs; Cognex Corporation; Parrot Drones SAS; FANUC CORPORATION; Senion; SICK AG; Seegrid Corporation; DJI; infsoft GmbH;

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The Vision Positioning System market is anticipated to witness growth during the forecast period due to growing demand at the end user level. The Vision Positioning System report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Integrated approaches and latest technology have been employed for the best results while generating such market research report. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market.

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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 (UAVs/Drones, AGV, Robotics, Space Vehicle, AUV, Others),

By Application (Commercial Application, Defense Application),

By End-User (Retail, Healthcare, Industrial, Transportation & Logistics, Hospitality, Aerospace & Defense, Automotive, Electrical & Electronics, BFSI),

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and 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

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