Vision Positioning System Market Size - By Component (Sensor, Camera Systems, Markers), Platform (Unmanned Aerial Vehicle, Automated Guided Vehicle, Space Vehicle, Industrial Robots), Location, Solution, End-user Industry & Global Forecast, 2023 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationVision Positioning System Market Size
Vision Positioning System Market was worth USD 5.7 billion in 2022 and is projected to record a CAGR of more than 11% from 2023 to 2032. The increasing innovation of autonomous vehicles, such as self-driving cars and drones, is fueling the use of vision positioning system (VPS) technology for accurate navigation and avoidance of obstacles in the systems. The increase in the number of smart city projects is fueling the demand for applications, including public safety, traffic management, and autonomous transportation, further enhancing the market growth.
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For example, in February 2023, virtual reality company Hexagon's Immersal Oy released Immersal City-Scale, its pioneering VPS solution to deliver unparalleled accuracy in outdoor location-based services to both mobile network operators and their enterprise customers.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Vision Positioning System Market Size in 2022 | USD 5.7 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 11% |
| 2032 Value Projection | USD 16.3 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 417 |
| Segments covered | Component, Platform, Location, Solution, End-use Industry |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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The increasing demand for smartphones and, therefore, enhanced indoor navigation and location-based services will drive the vision positioning system market forward. Insider Monkey informs that China boasts the global's largest number of smartphone users with about 783 million users. With rising interest in consumer electronics globally, VPS technology will become more available to mass consumers.
Yet, VPS technology may be costly for developing, deploying, and sustaining in high-precision applications. Restricted working range, especially in indoor settings will also serve as a limiting factor for the product adoption.
COVID-19 Impact
The vision positioning system market was adversely affected by the COVID-19 pandemic. The pandemic caused disruption in global supply chains, influencing the manufacturing and supply of components and devices involved in vision positioning systems. Delays in manufacturing and shortages in vital components hampered the availability of VPS technologies. Furthermore, sectors relying on vision positioning systems such as automotive, aviation, and manufacturing, witnessed slowdowns or short-term closure of operations amid the pandemic. This resulted in reduced demand for VPS technologies in some applications.
Vision Positioning System Market Trends
The constant advancements in vision positioning systems to enhance accuracy, reliability, and flexibility to varied applications will also define the industry trend. Of late, there have been emerging developments in VPS creation through deep learning methodologies, machine learning and AI for improving real-time decision-making, object identification, and flexibility to varied environments and situations.
The growing popularity of simultaneous localization and mapping (SLAM) in autonomous vehicles and robotics will also add to the market size. For instance, in April 2023, ABB Robotics introduced visual simultaneous localization and mapping (Visual SLAM) technology for enabling autonomous mobile robots (AMRs) to make intelligent navigation decisions on the basis of their surroundings.
Vision Positioning System Market Analysis
Learn more about the key segments shaping this market
Based on location, the outdoor positioning system segment held over 60% of the market share in 2022, owing to the increased need for more reliable, accurate, and safe navigation to address challenges while enhancing productivity across various industries and applications. The influx of urban air mobility concepts, including air taxis and personal air vehicles is also contributing to the demand for outdoor vision positioning systems to ensure safety and efficiency in urban airspace. Growing adoption for environmental monitoring, mapping & surveying as well as inspection of outdoor infrastructure, such as power lines, bridges, roads, and pipelines will influence the market growth.
Learn more about the key segments shaping this market
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Based on end-use industry, the defense segment recorded more than 36% of the vision positioning system market share in 2022, attributed to the escalating adoption of VPS by military personnel to garner real-time and high-resolution visual data for clearer and comprehensive understanding of surroundings for making informed decisions and respond to threats.
For instance, in July 2023, the U.S. Army announced the successful trial of novel visual navigation technology for assisting military pilots to navigate in GPS (global positioning system)-denied environments. Rising deployment in search and rescue missions as well as the continuous surveillance of national borders to limit illegal border crossings, and smuggling will also contribute to the segment expansion.
Looking for region specific data?
North America vision positioning system market accounted for 34% of the revenue share in 2022, driven by the rising popularity of autonomous vehicles and self-driving cars. The Insurance Institute for Highway Safety has reported that there would be 4.5 million self-driving vehicles on U.S. roads by 2030. The surging trend of precision agriculture in the region is spurring the adoption of various vision positioning systems to optimize farming operations while providing accurate data for crop monitoring, and yield prediction. The growing rate of industrialization and the increasing deployment of robot guidance, object recognition, quality control, and material handling mainly in the manufacturing and logistics sectors will favor the regional product demand.
Vision Positioning System Market Share
Major companies operating in the vision positioning system industry are
- ABB Ltd.
- Cognex Corporation
- DJI Technology Co., Ltd
- Fanuc Corporation
- Omron Corporation
- Qualcomm Technologies, Inc.
- Seegrid
- Sick AG
- Sony Corporation
- Verizon Communications
These companies invest in research and development for staying at the forefront of technological advancements. Also, these companies continuously innovate to improve the accuracy, reliability, and features of their systems.
Vision Positioning System Industry News
- In September 2023, Cognex Corporation launched the In-Sight SnAPP vision sensor to render accuracy, ease of use, and functionality in industrial sensors. This initiative helped the company to reinforce its capabilities into the vision sensing space.
- In November 2022, Niantic Labs, the leading Pokémon GO developer partnered with Qualcomm for focusing on the development Lightship VPS that would be compatible with the latter’s Snapdragon Spaces.
The vision positioning system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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Market, By Component
- Sensor
- Camera Systems
- Markers
- Others
Market, By Location
- Indoor Positioning System
- Outdoor Positioning System
Market, By Platform
- Unmanned Aerial Vehicle
- Automated Guided Vehicle
- Space Vehicle
- Industrial Robots
- Others
Market, By Solution
- Tracking Solution
- Analytics Solution
- Navigation Solution
- Industrial Solution
- Others
Market, By End-use Industry
- Retail
- Healthcare
- Defense
- Industrial
- Transportation & Logistics
- Hospitality
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- Southeast Asia
- ANZ
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- Saudi Arabia
- South Africa
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