Vision Positioning Systems Market Is Expected to Reach US ~$13.32 Billion By 2023 (SARS-CoV-2, Covid-19 Analysis)

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Vision Positioning Systems Market

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Vision Positioning Systems Market. The growth sectors of the Vision Positioning Systems Market are identified with precision for a better growth perspective.

The Vision Positioning System market is growing at a rapid pace. Innovation and advancements in the vision sensor are capturing image that matches the maps are driving factor for the Vision Positioning System market. Vision Positioning System market is globally emerging across world. The study shows a recent trend of adopting optical sensors, ultrasound and vision sensors in their day-to-day life. The high adoption Analytics and navigation solutions is resulting on demand 3dimensional positioning using single camera for Vision Positioning System market.

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The vision positioning also combine as vision-based techniques with methods of using dead-reckoning, inertial sensors, ultrasonic and laser-based sensors are the key driver for Vision Positioning System market. It has been observed that increase in adoption of two-dimensional or three-dimensional models digital vision positioning camera is boosting the Vision Positioning System market.

According to Market Research Future Analysis, Global Vision Positioning System Market has been valued at US $ ~13.32 Billion by the end of forecast period with ~10.87% of CAGR during forecast period 2017 to 2023.

Market Research Future (MRFR) recognizes the following companies as the key players in the Vision Positioning System Market: DJI (China), Omron Corporation (Japan), Parrot SA (France), Pepperl+Fuchs GmbH (Europe), Senion AB (Europe), Sick AG (Germany), Seegrid Corporation (U.S) Cognex Corporation (U.S.), Sick AG (Germany) and ABB (Switzerland) among others. 

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:  

By end-user segment, the industrial sector would account for a largest users in Vision Positioning System market due to the increasing trend of adoption of vision sensors. The Automotive is also expected to show considerable positive indication towards Vision Positioning System market.

By Region, MRFR analysis shows that North America accounted for the largest market share of the Vision Positioning market. The Asia-Pacific (APAC) is expected to grow at a highest CAGR in Vision Positioning market due to the growing demand of electronics and automotive industries in the regions. It can be considered that growing adoption of vision based positioning would lead to the high growth in the other sectors as well.

For the purpose of this study, the global Vision Positioning System market has been segmented on the basis of component, solution, location, platform, type, end-user and region. The report on Vision Positioning System contains detailed analysis with market size of each segment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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