The study provides an in-depth analysis of the global vision positioning market to elucidate the prominent investment pockets in the market from 2016 to 2023.
At present, vision positioning system is one of the advanced positioning systems used globally for various applications such as jets, drones, self-driving cars, robots, space vehicles, and others. The demand for vision positioning system has increased exponentially in the last couple of years, and is expected to witness high growth during the forecast period.
In the recent years, this system is widely incorporated in UAVs for defense organizations and various ecommerce companies to deliver products on time.
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The global vision positioning system market is driven by increase in military budgets globally, more reliable and flexible technology, and development in smart robots.
However, rise in security concern and strict rules and regulations for export of these systems restrain the growth of the market. Moreover, increased investment in R&D is expected to provide new opportunities in the market.
The vision positioning market is segmented based on component, industry vertical, and geography. Based on the component, it is classified into sensors, camera, markers, & others.
Based on industry vertical, it is categorized into automotive, aerospace & defense, electrical & electronics, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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The major players profiled in the report includes Parrot SA., Senion, LOCATA CORPORATION PTY. LIMITED., Pepperl+Fuchs GmbH, DJI, OMRON Corporation, infsoft GmbH, ADTECH (SHENZHEN) TECHNOLOGY CO., LTD., Seegrid Corporation, and SICK AG.
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