The Report Vision Positioning System Market Size, Share
& Trends Analysis Report By Component (Sensor, Camera, Marker), By
Location, By Platform (UAV, AGV, Space Vehicle), By Application, And Segment
Forecasts, 2018 - 2025
The global vision positioning system market size
is expected to reach USD 9.68 billion by 2025, according to a new report by
Grand View Research, Inc., registering a 12.0% CAGR during the forecast period.
Increased applications in healthcare, defense, and industrial automation
sectors are expected to drive the market over the forecast period.
Vision positioning
systems are installed in Unmanned Aerial Vehicles (UAVs), Automated Guided
Vehicles (AGVs), space vehicles, industrial robots, and other automated
devices. The system is used for locating the position of these automated
devices using data generated by vision cameras and sensors. The sensors detect
the current position of the unmanned device or robot with the help of
ultrasonic sound waves and optical sensors.
The market is
characterized by constantly evolving technological innovations to enhance the
efficiency of vision positioning-enabled devices. Technological advancements
are primarily driven by growing adoption of vision sensor-equipped devices and
increasing demand for indoor navigation in various industries.
Growing adoption of UAVs
and AGVs in industrial as well as commercial spaces is anticipated to boost the
demand for vision positioning systems over the forecast period. Government
regulations pertaining to the usage of UAVs are mostly country-specific and are
present in many countries including U.S. and U.K. For instance, the German Air
Traffic Act defines Unmanned Aerial System (UAS) as vehicles that are not used
for recreational purposes, and states that the operation of UASs weighing more
than five kilograms will require prior approval from the German Aviation
Authority. Furthermore, using a UAS weighing more than 25 kg or operating it beyond
the visual line of sight of the operator is usually prohibited.
Growing adoption of
automated devices in developed countries and increasing relevance of
cost-effective manufacturing in developing countries is expected to maintain
the buoyancy and growth of the market.
Further key findings
from the report suggest:
· Vision positioning cameras are expected to
account for the largest revenue share by 2025, registering a CAGR of more than
12.5% over the forecast period
· Healthcare is expected to emerge as the
most lucrative application sector for vision positioning systems on account of
growing demand for analyti cs and navigation
· By 2025, the defense segment is projected
to account for just over 38% of the total vision positioning system market
revenue, which is attributed to growing demand for UAVs in the sector
· In 2016, UAVs and AGVs together accounted
for just over 60% of the total revenue in the Asia Pacific region
· Key players in the industry include DJI
Innovations, ABB Limited, Sick AG, and Cognex Corporation.
Grand View Research has
segmented the global vision positioning system market on the basis of
component, location, platform, application, and region.
Vision Positioning System Component Outlook (Revenue, USD
Million, 2014 - 2025)
·
Sensor
·
Camera
·
Marker
Vision Positioning System Location Outlook (Revenue, USD
Million, 2014 - 2025)
·
Indoor
·
Outdoor
Vision Positioning System Platform Outlook (Revenue, USD
Million, 2014 - 2025)
·
Unmanned Aerial Vehicle
·
Automated Guided Vehicle
·
Space Vehicle
·
Industrial Robot
·
Others
Vision Positioning System Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Retail
·
Healthcare
·
Defense
·
Industrial
·
Transportation & Logistics
·
Hospitality
·
Others
Vision Positioning System Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
