Vision positioning system Market cover

Vision Positioning System Market by Applications (Healthcare, Industrial, Hospitality, Retail, Defence, and Transportation & Logistics), Components (Markers, Sensors, and Camera), Platforms (Automated Guided Vehicle, Industrial Robot, Unmanned Aerial Vehicle, Space Vehicle, and Others), Locations (Outdoor and Indoor), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, Forecasts, 2021 – 2028

  • Report ID: MC-3596
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 4
  • No. Of Pages: 188
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The global vision positioning system market size is predicted to expand at a considerable CAGR, during the forecast period, 2021–2028. The growth of the market is attributed to growing application of automated guided vehicles for various defence and commercial uses.

Vision positioning system Market summary

Unmanned Aerial Vehicles (UAVs), Automated Guided Vehicles (AGVs), spacecraft, industrial robots, and other automated equipment all have vision positioning systems attached. The system uses data collected by sensors and vision cameras to locate the location of these automated devices.

The COVID-19 pandemic has forced several governments around the world to impose emergency lockdown and close down offices, schools, and colleges. As a result, major technological research & development activities related to vision positioning systems got halted and delayed.

Market Drivers, Restraints and Opportunities

  • Global demand for smart drones is a major driving factor for market.
  • Increasing usage of automated guided vehicles is expected to drive market over the forecasted period.
  • Lack of funding and halting of several technological projects due to Covid-19, act as a major restraint factor for growth.
  • High cost of systems and subsequent deployment cost of vision positioning systems, hampers the market growth.
  • Increasing demand for drones, unmanned vehicles is expected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global vision positioning system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Vision Positioning System Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2020

Forecast Period

2021–2028

Segmentation

Applications (Healthcare, Industrial, Hospitality, Retail, Defence, Transportation & Logistics), Components (Markers, Sensors, Camera), Platforms (Automated Guided Vehicle, Industrial Robot, Unmanned Aerial Vehicle, Space Vehicle, and Others), Locations (Outdoor, and Indoor)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Omron Corporation, Dettwiler and Associates Ltd., DJI, Fanuc Corporation, and Cognex Corporation.

 Market Segment Insights

The visual marketing to hold major market share

Based on applications, the market is divided into healthcare, industrial, hospitality, retail, defence, and transportation & logistics. The defence segment accounted for over 42% of the general revenue in 2020 and is projected to dominate the segment, during the forecast period attributed, to growing usage of UAVs and AGVs, within the defence sector. Drones are used for patrolling, mapping, and in-war zones for aerial strikes. Drones also are used for photography, at occasions such as festivals and weddings. During the projected period, demand for high-precision locating devices in drones is expected to expand rapidly.

The camera segment is estimated to hold major market share

On the basis of components, the market is fragmented into markers, sensors, and cameras. The camera segment dominated the market, with a revenue share of over 67% in 2020. The camera segment is estimated to hold major market share over the forecast period. Cameras are an important component of positioning systems because they capture images of a section or track the location of an autonomous device to feed data into the system.

Vision positioning system Market component

The unmanned aerial vehicle (UAV) segment is expected to grow at a robust rate

In terms of platforms, the market is segmented into automated guided vehicle (AGV), industrial robot, unmanned aerial vehicle (UAV), space vehicle, and others. The UAV segment held major market share in 2020, and is expected to exhibit a CAGR of over 15% over the forecast period. In the U.S., UAVs and AGVs, both accounted for over 67% of the overall revenue in 2020. Growth of the UAV segment is characterised by its varied range of applications, in varied business verticals, together with, military, retail, and agriculture.

The outdoor segment is projected to hold major market share

Based on locations, the market is bifurcated into outdoor and indoor. The outdoor segment accounted for the major market share in 2020, and is projected to continue its dominance throughout the forecast period. This is often attributed to growing demand, for UAVs and outdoor AGVs, particularly within the defence, retail, commercial, and industrial segments.

North America is anticipated to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during forecast period. The U.S. accounts for a significant revenue share within the region, owing to high adoption of UAVs, AGVs, industrial robots, and space vehicles. Moreover, a number of the key corporations, engaged in providing these solutions, are primarily based in North America.

Vision positioning system Market region

Segments

Segments Covered in the Report

The global vision positioning market has been segmented on the basis of

Applications

  • Healthcare
  • Industrial
  • Hospitality
  • Retail
  • Defence
  • Transportation & Logistics

Components

  • Markers
  • Sensors
  • Camera

Platforms

  • Automated Guided Vehicle
  • Industrial Robot
  • Unmanned Aerial Vehicle
  • Space Vehicle
  • Others

Locations

  • Outdoor
  • Indoor

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Omron Corporation
  • Dettwiler and Associates Ltd.
  • DJI
  • Fanuc Corporation
  • Cognex Corporantio

Competitive Landscape

Key players competing in the vision positioning system market include Omron Corporation, Dettwiler and Associates Ltd., DJI, Fanuc Corporation, and Cognex Corporation. Most players are actively working on collaborations, strategic alliances and developing new solutions, for the vision positioning systems industry.

Vision positioning system Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. vision positioning system Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. vision positioning system Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. vision positioning system Market - Supply Chain
  4.5. Global vision positioning system Market Forecast
     4.5.1. vision positioning system Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. vision positioning system Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. vision positioning system Market Absolute $ Opportunity
5. Global vision positioning system Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. vision positioning system Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global vision positioning system Demand Share Forecast, 2019-2026
6. North America vision positioning system Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America vision positioning system Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America vision positioning system Demand Share Forecast, 2019-2026
7. Latin America vision positioning system Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America vision positioning system Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America vision positioning system Demand Share Forecast, 2019-2026
8. Europe vision positioning system Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe vision positioning system Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe vision positioning system Demand Share Forecast, 2019-2026
9. Asia Pacific vision positioning system Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific vision positioning system Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific vision positioning system Demand Share Forecast, 2019-2026
10. Middle East & Africa vision positioning system Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa vision positioning system Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa vision positioning system Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global vision positioning system Market: Market Share Analysis
  11.2. vision positioning system Distributors and Customers
  11.3. vision positioning system Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Omron Corporation
     11.4.2. Dettwiler and Associates Ltd.
     11.4.3. DJI
     11.4.4. Fanuc Corporation
     11.4.5. Cognex Corporantio

Segments Covered in the Report

The global vision positioning market has been segmented on the basis of

Applications

  • Healthcare
  • Industrial
  • Hospitality
  • Retail
  • Defence
  • Transportation & Logistics

Components

  • Markers
  • Sensors
  • Camera

Platforms

  • Automated Guided Vehicle
  • Industrial Robot
  • Unmanned Aerial Vehicle
  • Space Vehicle
  • Others

Locations

  • Outdoor
  • Indoor

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Omron Corporation
  • Dettwiler and Associates Ltd.
  • DJI
  • Fanuc Corporation
  • Cognex Corporantio

Key players competing in the vision positioning system market include Omron Corporation, Dettwiler and Associates Ltd., DJI, Fanuc Corporation, and Cognex Corporation. Most players are actively working on collaborations, strategic alliances and developing new solutions, for the vision positioning systems industry.

Vision positioning system Market keyplayers

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