Global Vision Positioning System Market is valued approximately USD 12.01 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.87% over the forecast period 2023-2030. A Vision Positioning System is a technology used in unmanned aerial vehicles or drones that enables them to accurately determine their position and altitude using visual cues from the surrounding environment. The Vision Positioning System market is expanding because of factors such as increasing use of unmanned aerial vehicles and growing demand for artificial intelligence enabled optical sensors. A Vision Positioning System consists of one or more cameras mounted on the drone, which capture images of the ground or other objects. These images are then processed using computer vision algorithms to extract information about the drone's position and orientation relative to the environment. Its importance has progressively increased during the last few decades.
According to the Statista, the unmanned aerial vehicle industry is anticipated to expand at a compound annual growth rate of nearly 9.6 percent between 2018 and 2029, reaching approximately 70 billion dollars globally. Most of the UAV market is made up of the military and defense. Furthermore, by 2025, it is anticipated that Europe will sell about 24% of all UAVs worldwide. In that year, UAV sales are anticipated to be worth about USD 82 billion. Another important component driving space increase is demand for artificial intelligence enabled optical sensors. As per Statista, the global optical under-display sensing shipments has reached about 200 million units in 2020. In addition, Global complementary metal-oxide semiconductor image sensor sales are expected to reach USD 22.8 billion in 2021. The market is forecast to experience a rise to USD 33.6 billion by 2025. Also, growing adoption of automated guided vehicles and rising technological advancement in vision positioning system would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Vision Positioning System stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Vision Positioning System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to presence of key market players in the region along with increasing use of unmanned aerial vehicles and growing demand for artificial intelligence enabled optical sensors. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increase in automation applications of the various end use industries, and geographic expansion of key market players in the market space.
Major market players included in this report are:
- Cognex Corporation (U.S.)
- ABB (Switzerland)
- DJI (China)
- Omron Corporation (Japan)
- Pepperl+Fuchs GmbH (Europe)
- Parrot SA (France)
- Sick AG (Germany)
- Seegrid Corporation (U.S)
- 3D MEDiA Co., Ltd (US)
- Senion AB (Europe)
Recent Developments in the Market:
- In April 2023, ABB Robotics has upgraded its Autonomous Mobile Robots with Visual Simultaneous Localization and Mapping (Visual SLAM) technology, allowing to make intelligent navigation decisions depending on their surroundings. ABB's Visual SLAM AMRs use AI-enabled 3D vision to execute location and mapping functions, making production faster, more flexible, efficient, and resilient.
Global Vision Positioning System Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Location, Platform, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component
By Location
By Platform
- Unmanned Aerial Vehicle
- Automated Guided Vehicle
- Space Vehicle
- Industrial Robot
- Others
By Application
- Retail
- Healthcare
- Defense
- Industrial
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Vision Positioning System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Vision Positioning System Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Vision Positioning System Market, by Location, 2020-2030 (USD Billion)
- 1.2.4. Vision Positioning System Market, by Platform, 2020-2030 (USD Billion)
- 1.2.5. Vision Positioning System Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Vision Positioning System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Vision Positioning System Market Dynamics
- 3.1. Vision Positioning System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing use of Unmanned Aerial Vehicles
- 3.1.1.2. Growing demand for Artificial Intelligence enabled optical sensors
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Vision Positioning System
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing adoption of Automated Guided Vehicles
- 3.1.3.2. Rising technological advancement in Vision Positioning System
Chapter 4. Global Vision Positioning System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Vision Positioning System Market, by Component
- 5.1. Market Snapshot
- 5.2. Global Vision Positioning System Market by Component, Performance - Potential Analysis
- 5.3. Global Vision Positioning System Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. Vision Positioning System Market, Sub Segment Analysis
- 5.4.1. Sensor
- 5.4.2. Camera
- 5.4.3. Marker
Chapter 6. Global Vision Positioning System Market, by Location
- 6.1. Market Snapshot
- 6.2. Global Vision Positioning System Market by Location, Performance - Potential Analysis
- 6.3. Global Vision Positioning System Market Estimates & Forecasts by Location 2020-2030 (USD Billion)
- 6.4. Vision Positioning System Market, Sub Segment Analysis
- 6.4.1. Indoor
- 6.4.2. Outdoor
Chapter 7. Global Vision Positioning System Market, by Platform
- 7.1. Market Snapshot
- 7.2. Global Vision Positioning System Market by Platform, Performance - Potential Analysis
- 7.3. Global Vision Positioning System Market Estimates & Forecasts by Platform 2020-2030 (USD Billion)
- 7.4. Vision Positioning System Market, Sub Segment Analysis
- 7.4.1. Unmanned Aerial Vehicle
- 7.4.2. Automated Guided Vehicle
- 7.4.3. Space Vehicle
- 7.4.4. Industrial Robot
- 7.4.5. Others
Chapter 8. Global Vision Positioning System Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Vision Positioning System Market by Application, Performance - Potential Analysis
- 8.3. Global Vision Positioning System Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 8.4. Vision Positioning System Market, Sub Segment Analysis
- 8.4.1. Retail
- 8.4.2. Healthcare
- 8.4.3. Defense
- 8.4.4. Industrial
- 8.4.5. Others
Chapter 9. Global Vision Positioning System Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Vision Positioning System Market, Regional Market Snapshot
- 9.4. North America Vision Positioning System Market
- 9.4.1. U.S. Vision Positioning System Market
- 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Location breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Platform breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Vision Positioning System Market
- 9.5. Europe Vision Positioning System Market Snapshot
- 9.5.1. U.K. Vision Positioning System Market
- 9.5.2. Germany Vision Positioning System Market
- 9.5.3. France Vision Positioning System Market
- 9.5.4. Spain Vision Positioning System Market
- 9.5.5. Italy Vision Positioning System Market
- 9.5.6. Rest of Europe Vision Positioning System Market
- 9.6. Asia-Pacific Vision Positioning System Market Snapshot
- 9.6.1. China Vision Positioning System Market
- 9.6.2. India Vision Positioning System Market
- 9.6.3. Japan Vision Positioning System Market
- 9.6.4. Australia Vision Positioning System Market
- 9.6.5. South Korea Vision Positioning System Market
- 9.6.6. Rest of Asia Pacific Vision Positioning System Market
- 9.7. Latin America Vision Positioning System Market Snapshot
- 9.7.1. Brazil Vision Positioning System Market
- 9.7.2. Mexico Vision Positioning System Market
- 9.8. Middle East & Africa Vision Positioning System Market
- 9.8.1. Saudi Arabia Vision Positioning System Market
- 9.8.2. South Africa Vision Positioning System Market
- 9.8.3. Rest of Middle East & Africa Vision Positioning System Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Cognex Corporation (U.S.)
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. ABB (Switzerland)
- 10.3.3. DJI (China)
- 10.3.4. Omron Corporation (Japan)
- 10.3.5. Pepperl+Fuchs GmbH (Europe)
- 10.3.6. Parrot SA (France)
- 10.3.7. Sick AG (Germany)
- 10.3.8. Seegrid Corporation (U.S)
- 10.3.9. 3D MEDiA Co., Ltd (US)
- 10.3.10. Senion AB (Europe)
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption