Global Vision Positioning MarketAugust 18, 2021 ⚊ 5 Min read ⚊ Views 203 ⚊ BUSINESS
Global Vision Positioning Market was valued at US$ 6.89 Bn in 2019 and is expected to reach US$ 12.85 Bn by 2027 at a CAGR of 10.24 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. To know about the Research Methodology:-Request Free Sample Report
Global Vision Positioning System Market Dynamics:
The key factor driving the growth of the global vision positioning system market is the increase in demand for industrial automation. Industrial automation involves the deployment of robots, computers, and other information technologies for ensuring quality control, automation of manufacturing, etc. Furthermore, many controllers are used in industrial processes such as stand-alone I/O modules, PLC (programmable logic controller), etc. There has been increased demand for industrial automation due to its advantages such as high production speed, replacement of hard work, which is capable to perform tasks in extreme temperature and humidity where human beings fail to work. There has been increased adoption of industrial robots in the industrial automation sector. Therefore, the growing industrial automation industry has led to the increased adoption of automated devices such as vision sensors, smart cameras, PC vision systems, optimal lenses, lighting systems, high-speed CCD cameras in the vision positioning system. Therefore, the key market players are using industrial automation devices in their vision positioning systems.
Segment analysis of the Global Vision Positioning System:
Cameras emerged as the dominant segment in the market, with a revenue share of just over 65% in 2016. Cameras form an integral part of positioning systems as they capture images of an area or tracks the position of the automated device to feed input data into the system. Major companies manufacturing positioning cameras include Sick AG, Omron Corporation, and Menzel Vision and Robotics. These companies offer 2D vision and smart cameras integrated with optic sensors. The most commonly used cameras are photometric cameras using Charge-Coupled Device (CCD) arrays.
Regional Insights of the Global Vision Positioning System:
The North American region dominated the vision positioning system market with a revenue share of close to 35% in 2019 and is expected to continue its dominance over the forecast period. The U.S. accounts for a major revenue share in the region owing to the high adoption of UAVs, AGVs, industrial robots, and space vehicles. Moreover, some of the major companies engaged in providing these solutions are based in North America. The Asia Pacific and the Middle East and Africa (MEA) are expected to emerge as regions conducive to market growth. DJI, a Chinese drone manufacturer, is one of the largest global developers of high-precision positioning devices. Its product “Guidance” is a visual sensing system with ultrasonic sensors, integrated visual cameras, and an advanced computer vision algorithm. The product comprises a central processor and five sensor modules. It can detect any obstacle in real-time and its high-precision stereo algorithms can provide position-based information over any terrain. For specific requirements, developers can create customized applications for their ultrasonic and visual sensors. With foreign companies investing heavily in the Chinese drones market, manufacturers including Yuneec International and Hover Camera are projected to witness a growing demand for positioning devices in future The objective of the report is to present a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, service, components, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the vision positioning market.
Scope of the Global Vision Positioning Market Report: Inquire before buying
Global Vision Positioning Market, by Component
• Sensors • Camera • Markers • Others
Global Vision Positioning Market, by Industry Vertical
• Automotive • Aerospace & Defense • Electrical & Electronics • Others
Global Vision Positioning Market, by Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key Players Operating in the Global Vision Positioning Market:
• Parrot SA. • Senion • LOCATA CORPORATION PTY. LIMITED. • Pepperl+Fuchs GmbH • DJI • OMRON Corporation • Infsoft GmbH • ADTECH (SHENZHEN) TECHNOLOGY CO., LTD. • Seegrid Corporation • SICK AG
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