30 March 2020
Visiongain has launched a new equipment report Vision Positioning System Market Report 2020-2030: Forecasts by Components (Sensors, Camera Systems, Markers, Others), by Solution (Navigation Analytics, Tracking, Industrial Solutions, Others), by Platform (Unmanned Aerial Vehicles, Automated Guided Vehicles, Robotics, Space Vehicle, Autonomous Undersea Vehicle, Others), Major Developments, Signed Contracts and Companies Market Share Analysis.
Vision Positioning systems are used to gather real-time location information of the surrounding area in which they are installed. Vision Positioning Systems are defined as the system where the position of a person or an object is determined in a building by identifying a marker or image that is within view, with the aid of a mobile sensor or camera in a mobile device carried by the user. These systems utilize several electronic types of equipment including mobile devices, non-mobile devices to locate and track people and devices. The major components of the vision positioning systems are sensors, camera systems, markers, and other electronic components. Based on component sub-segment, the camera represents the largest market revenue share and is expected to remain dominant over the forecast period.
Vision Positioning are mainly installed in UAV drones, automated guided vehicles, robotics, automated undersea vehicles, space vehicles, and other platforms for the purpose of gathering different type of information of the surrounding space. Owing to the applications of drones and automated guided vehicles across various application including military & devices, deep-sea exploration, these systems are projected to expand with double-digit growth over the forecast period.
Although the systems reduce the installation cost over other positioning systems but suffer from low accuracy, interference from multiple effects such as bright light and motion blur, and significant accumulative errors which could lead to poor performance.
Some of the major companies operating in the global Vision Positioning Systems market are DJI, Parrot SA, ABB, Sick AG, Cognex Corporation, Omron Corporation, Pepperl+Fuchs, Fanuc Corporation, Infsoft GmbH, Seegrid, Senion AB, Adtech (Shenzhen) Technology, and Locata Corporation Pty. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships to increase their presence in the global market.
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