Vision Positioning System Market Forecast 2033

Vision Positioning System Market Forecast 2033 – Size, Drivers, Trends & Competitors.

Posted 2024-03-26 07:21:09

Vision Positioning System Market Insights:

The vision positioning system market is likely to demonstrate significant revenue growth. Vision positioning systems garner substantial market prominence, becoming a major position-awareness technology. Market Research Future (MRFR) states that the global vision positioning system market is expected to grow to USD 13.92 BN by 2032 from USD 5.5 BN in 2022, registering a 10.87% CAGR throughout the review period (2023-2032).

Vision positioning systems are an important and must-have feature in communication devices. They can help get better business insights and assist clients on foot. Besides, vision positioning has garnered tremendous commercial interest, providing the user with the advantages of local marketing, which has reflected favorably on its market globally.

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Key Players:

Cognex Corporation (US)
ABB (Switzerland)
DJI (China)
Omron Corporation (Japan)
Pepperl + Fuchs GmbH (Europe)
Parrot SA (France)
Sick AG (Germany)
Seegrid Corporation (US)
ABB (Switzerland)
Senior AB (Europe),

are the notable vendors in the Vision Positioning System Market.

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Vision Positioning System Market Regional Analysis:

North America dominates the global vision positioning system market. The strong presence of key players, alongside large technological advancements and their early adoption, drives the market growth. Besides, applications such as unmanned aerial vehicles, autonomous vehicles, and industrial automation drive the vision positioning systems market demand.

Mexico, Canada, and the US drive the vision positioning system market in North America. The US accounts for the largest share of the regional market among these countries, with the growing adoption of vision positioning systems. The US is also known for its technological development, which has led to the early adoption of innovative technologies in the region.

Vision Positioning System Market Segmentation:

The report is segmented into solutions, components, platforms, types, end-users, and regions. The solution segment is sub-segmented into tracking, analytics, navigation, and industrial solutions. The component segment is sub-segmented into camera systems, sensors, markers, and others. The platform segment is sub-segmented into robotics, unmanned aerial vehicles/drones, space vehicles and automated guided vehicles).

The type segment is sub-segmented into 1D, 2D, and 3D. The end-user segment is sub-segmented into automotive, BFSI, industrial, healthcare, commercial, government sector, and others. By regions, the vision positioning system market is segmented into Asia-Pacific, North America, Europe, and the rest of the world.

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Substantial R&D investments in vision positioning technology and the inevitably improving service quality and functionality escalated the market valuation. The increase in demand for automated solutions in industrial operations and the adoption of vision positioning systems in indoor navigation are the key market drivers. The growing use of VPS in transportation modes creates significant growth opportunities.