Industry Background:
A vision positioning system is defined as the positioning system that deploys image as well as ultrasonic signals in order to determine the exact position. In addition, it is widely used for locating the position of these automated devices with data generated. Increasing usage of vision positioning systems in industrial automation and indoor navigation to handle various kinds of operations are propelling the growth of the market.According to AMA, the market for Vision Positioning System is expected to register a CAGR of 12.6% during the forecast period to 2026. This growth is primarily driven by Upsurge in Industrial Automation, Increasing Usage of Smart Robotics in Commercial and Defense Applications and Growing Use of UAVs for Industrial as Well as Defense Purposes.
Globally, a noticeable market trend is evident Technology Advancement in Vision Positioning System. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as DJI Innovations (China), ABB (Switzerland), Sick AG (Germany), Cognex Corporation (United), Omron Corporation (Japan), FANUC Corporation (Japan), Seegrid Corporation (United States), Senion AB (Sweden), Locata Corporation (Australia) and Pepperl+Fuchs (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In August 2018, the Blippar (United Kingdom) Company has launched indoor visual positioning system for enhanced location-based augmented reality. Hence, this launch will help in strengthening the position of the company in the United Kingdom
Market Drivers
- Upsurge in Industrial Automation
- Increasing Usage of Smart Robotics in Commercial and Defense Applications
- Growing Use of UAVs for Industrial as Well as Defense Purposes
Market Trend
- Technology Advancement in Vision Positioning System
Restraints
- Government Regulations on Drone Usage
- Strict Regulations As Well As Compliances Regarding the Usage of Drones from the Various Authorities of Different Regions
Opportunities
Rise in Demand for Sensors Equipped With Artificial Intelligence and Increasing Demand from Emerging Economies such as China and India
Challenges
Issue related to High Maintenance Cost and Need for Secure and Reliable Communication Infrastructure
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vision Positioning System Study Sheds Light on
The Vision Positioning System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vision Positioning System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vision Positioning System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.