The Vision Positioning System market is expected to grow from USD 7.32 billion in 2019 to USD 15.46 million by 2025 at a CAGR of 11.28% from 2020 to 2026.
The rapid growth in industrial automation in the different counties across the world is a main driving factor for the vision positioning systems market. The industrial automation employs wide variation of robots in order to decrease the manned workforce and to perform the intended task in a better and faster way. Due to this fact, the robots used in industrial purpose are armed with vision positioning systems with an objective to maximize the obstacle detection during performing tasks. Furthermore, the rise in usage of robotics and unmanned aerial vehicles in the commercial and defense sectors is also boosting the growth of the vision positioning systems market. The manufacturers of robots or unmanned systems along with different governments and defense forces are pretty their products with the vision positioning systems in order to equip them with the technologically latest products for their convenience.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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The global Vision Positioning System market has been segmented as below:
Outdoor Positioning System
Indoor Positioning System
Unmanned Aerial Vehicle - Drones
Automated Guided Vehicles
Rest of the World
DJI (China), ABB (Switzerland), Sick AG (Germany), Cognex Corporation (U.S.), Omron Corporation (Japan), FANUC Corporation (Japan), Seegrid Corporation (U.S.), Senion AB (Sweden), and others are among the major players in the global Vision Positioning System market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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