The North America Vision Positioning System Market would witness market growth of 11.4% CAGR during the forecast period (2023-2030).
The market is a component of sensor technology and positioning systems. It integrates digital image processing, computer vision, and other sensor inputs to determine the position and orientation of a device or vehicle within its surroundings. Robotics, autonomous vehicles, drones, and manufacturing automation are among the many industries that employ it extensively. The market has grown consistently due to technological advancements and rising demand for automation and autonomous navigation solutions.
Increasing use of automated guided vehicles (AGVs) for commercial and defense applications, increasing use of unmanned aerial vehicles (UAVs), and rising demand for Artificial Intelligence (AI)-enabled optical sensors are anticipated to contribute to market expansion significantly. The market is characterized by constant technological advancements to meet evolving industrial requirements. Using its Tango 3D sensing computer technology, Google, Inc. announced it is developing a 'visual positioning service' to provide a comprehensive indoor location positioning system. This innovation uses augmented reality technology and real-world data to identify the distinct visual features of an area, which are then used to generate a map of the area.
Retail sales growth in the US and the increasing focus on enhancing the customer experience have driven retailers' adoption of VPS technology. As consumers demand more convenience and personalized shopping experiences, VPS systems will likely continue playing a crucial role in improving retail operations and driving market growth. Due to these aspects, the market will grow significantly across the region in the coming years.
The US market dominated the North America Vision Positioning System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,829.9 million by 2030. The Canada market is experiencing a CAGR of 13.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13% during (2023 - 2030).
Based on Location, the market is segmented into Outdoor, and Indoor. Based on Component, the market is segmented into Camera, Sensor, Marker, and Others. Based on Platform, the market is segmented into Geospatial Unmanned Aerial Vehicle, Automated Guided Vehicle, Industrial Robots, Space Vehicle, and Others. Based on Application, the market is segmented into Defense, Industrial, Retail, Transportation & Logistics, Hospitality, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Vision Positioning System Market is Predict to reach $11.2 Billion by 2030, at a CAGR of 12.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB LTD., Sick AG, Cognex Corporation, Omron Corporation, FANUC Corporation, MDA Ltd. (Northern Private Capital Inc.), SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited), Parrot Drone SAS, Seegrid Corporation, and Verizon Communications, Inc. (Senion AB).
Scope of the Study
Market Segments Covered in the Report:
By Location
By Component
- Camera
- Sensor
- Marker
- Others
By Platform
- Unmanned Aerial Vehicle
- Automated Guided Vehicle
- Industrial Robots
- Space Vehicle
- Others
By Application
- Defense
- Industrial
- Retail
- Transportation & Logistics
- Hospitality
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB LTD.
- Sick AG
- Cognex Corporation
- Omron Corporation
- FANUC Corporation
- MDA Ltd. (Northern Private Capital Inc.)
- SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited)
- Parrot Drone SAS
- Seegrid Corporation
- Verizon Communications, Inc. (Senion AB)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Vision Positioning System Market, by Location
1.4.2 North America Vision Positioning System Market, by Component
1.4.3 North America Vision Positioning System Market, by Platform
1.4.4 North America Vision Positioning System Market, by Application
1.4.5 North America Vision Positioning System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Mar – 2023, Sep) Leading Players
4.4 Porter’s Five Force Analysis
Chapter 5. North America Vision Positioning System Market by Location
5.1 North America Outdoor Market by Region
5.2 North America Indoor Market by Region
Chapter 6. North America Vision Positioning System Market by Component
6.1 North America Camera Market by Country
6.2 North America Sensor Market by Country
6.3 North America Marker Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Vision Positioning System Market by Platform
7.1 North America Unmanned Aerial Vehicle Market by Country
7.2 North America Automated Guided Vehicle Market by Country
7.3 North America Industrial Robots Market by Country
7.4 North America Space Vehicle Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Vision Positioning System Market by Application
8.1 North America Defense Market by Country
8.2 North America Industrial Market by Country
8.3 North America Retail Market by Country
8.4 North America Transportation & Logistics Market by Country
8.5 North America Hospitality Market by Country
8.6 North America Healthcare Market by Country
8.7 North America Others Market by Country
Chapter 9. North America Vision Positioning System Market by Country
9.1 US Vision Positioning System Market
9.1.1 US Vision Positioning System Market by Location
9.1.2 US Vision Positioning System Market by Component
9.1.3 US Vision Positioning System Market by Platform
9.1.4 US Vision Positioning System Market by Application
9.2 Canada Vision Positioning System Market
9.2.1 Canada Vision Positioning System Market by Location
9.2.2 Canada Vision Positioning System Market by Component
9.2.3 Canada Vision Positioning System Market by Platform
9.2.4 Canada Vision Positioning System Market by Application
9.3 Mexico Vision Positioning System Market
9.3.1 Mexico Vision Positioning System Market by Location
9.3.2 Mexico Vision Positioning System Market by Component
9.3.3 Mexico Vision Positioning System Market by Platform
9.3.4 Mexico Vision Positioning System Market by Application
9.4 Rest of North America Vision Positioning System Market
9.4.1 Rest of North America Vision Positioning System Market by Location
9.4.2 Rest of North America Vision Positioning System Market by Component
9.4.3 Rest of North America Vision Positioning System Market by Platform
9.4.4 Rest of North America Vision Positioning System Market by Application
Chapter 10. Company Profiles
10.1 ABB Ltd.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Sick AG
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Cognex Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Omron Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 FANUC Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 MDA Ltd. (Northern Private Capital Inc.)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited)
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Partnerships, Collaborations, and Agreements:
10.7.2.2 Product Launches and Product Expansions:
10.7.3 SWOT Analysis
10.8 Parrot Drone SAS
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.6 SWOT Analysis
10.9 Seegrid Corporation
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Partnerships, Collaborations, and Agreements:
10.9.2.2 Product Launches and Product Expansions:
10.9.2.3 Acquisition and Mergers:
10.10. Verizon Communications, Inc. (Senion AB)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental Analysis
10.10.4 SWOT Analysis
TABLE 1 North America Vision Positioning System Market, 2019 - 2022, USD Million
TABLE 2 North America Vision Positioning System Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Vision Positioning System Market
TABLE 4 Product Launches And Product Expansions– Vision Positioning System Market
TABLE 5 Acquisition and Mergers– Vision Positioning System Market
TABLE 6 North America Vision Positioning System Market by Location, 2019 - 2022, USD Million
TABLE 7 North America Vision Positioning System Market by Location, 2023 - 2030, USD Million
TABLE 8 North America Outdoor Market by Region, 2019 - 2022, USD Million
TABLE 9 North America Outdoor Market by Region, 2023 - 2030, USD Million
TABLE 10 North America Indoor Market by Region, 2019 - 2022, USD Million
TABLE 11 North America Indoor Market by Region, 2023 - 2030, USD Million
TABLE 12 North America Vision Positioning System Market by Component, 2019 - 2022, USD Million
TABLE 13 North America Vision Positioning System Market by Component, 2023 - 2030, USD Million
TABLE 14 North America Camera Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Camera Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Sensor Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Sensor Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Marker Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Marker Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Vision Positioning System Market by Platform, 2019 - 2022, USD Million
TABLE 23 North America Vision Positioning System Market by Platform, 2023 - 2030, USD Million
TABLE 24 North America Unmanned Aerial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Unmanned Aerial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Automated Guided Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Automated Guided Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Industrial Robots Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Industrial Robots Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Space Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Space Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Vision Positioning System Market by Application, 2019 - 2022, USD Million
TABLE 35 North America Vision Positioning System Market by Application, 2023 - 2030, USD Million
TABLE 36 North America Defense Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Defense Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 48 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 50 North America Vision Positioning System Market by Country, 2019 - 2022, USD Million
TABLE 51 North America Vision Positioning System Market by Country, 2023 - 2030, USD Million
TABLE 52 US Vision Positioning System Market, 2019 - 2022, USD Million
TABLE 53 US Vision Positioning System Market, 2023 - 2030, USD Million
TABLE 54 US Vision Positioning System Market by Location, 2019 - 2022, USD Million
TABLE 55 US Vision Positioning System Market by Location, 2023 - 2030, USD Million
TABLE 56 US Vision Positioning System Market by Component, 2019 - 2022, USD Million
TABLE 57 US Vision Positioning System Market by Component, 2023 - 2030, USD Million
TABLE 58 US Vision Positioning System Market by Platform, 2019 - 2022, USD Million
TABLE 59 US Vision Positioning System Market by Platform, 2023 - 2030, USD Million
TABLE 60 US Vision Positioning System Market by Application, 2019 - 2022, USD Million
TABLE 61 US Vision Positioning System Market by Application, 2023 - 2030, USD Million
TABLE 62 Canada Vision Positioning System Market, 2019 - 2022, USD Million
TABLE 63 Canada Vision Positioning System Market, 2023 - 2030, USD Million
TABLE 64 Canada Vision Positioning System Market by Location, 2019 - 2022, USD Million
TABLE 65 Canada Vision Positioning System Market by Location, 2023 - 2030, USD Million
TABLE 66 Canada Vision Positioning System Market by Component, 2019 - 2022, USD Million
TABLE 67 Canada Vision Positioning System Market by Component, 2023 - 2030, USD Million
TABLE 68 Canada Vision Positioning System Market by Platform, 2019 - 2022, USD Million
TABLE 69 Canada Vision Positioning System Market by Platform, 2023 - 2030, USD Million
TABLE 70 Canada Vision Positioning System Market by Application, 2019 - 2022, USD Million
TABLE 71 Canada Vision Positioning System Market by Application, 2023 - 2030, USD Million
TABLE 72 Mexico Vision Positioning System Market, 2019 - 2022, USD Million
TABLE 73 Mexico Vision Positioning System Market, 2023 - 2030, USD Million
TABLE 74 Mexico Vision Positioning System Market by Location, 2019 - 2022, USD Million
TABLE 75 Mexico Vision Positioning System Market by Location, 2023 - 2030, USD Million
TABLE 76 Mexico Vision Positioning System Market by Component, 2019 - 2022, USD Million
TABLE 77 Mexico Vision Positioning System Market by Component, 2023 - 2030, USD Million
TABLE 78 Mexico Vision Positioning System Market by Platform, 2019 - 2022, USD Million
TABLE 79 Mexico Vision Positioning System Market by Platform, 2023 - 2030, USD Million
TABLE 80 Mexico Vision Positioning System Market by Application, 2019 - 2022, USD Million
TABLE 81 Mexico Vision Positioning System Market by Application, 2023 - 2030, USD Million
TABLE 82 Rest of North America Vision Positioning System Market, 2019 - 2022, USD Million
TABLE 83 Rest of North America Vision Positioning System Market, 2023 - 2030, USD Million
TABLE 84 Rest of North America Vision Positioning System Market by Location, 2019 - 2022, USD Million
TABLE 85 Rest of North America Vision Positioning System Market by Location, 2023 - 2030, USD Million
TABLE 86 Rest of North America Vision Positioning System Market by Component, 2019 - 2022, USD Million
TABLE 87 Rest of North America Vision Positioning System Market by Component, 2023 - 2030, USD Million
TABLE 88 Rest of North America Vision Positioning System Market by Platform, 2019 - 2022, USD Million
TABLE 89 Rest of North America Vision Positioning System Market by Platform, 2023 - 2030, USD Million
TABLE 90 Rest of North America Vision Positioning System Market by Application, 2019 - 2022, USD Million
TABLE 91 Rest of North America Vision Positioning System Market by Application, 2023 - 2030, USD Million
TABLE 92 Key Information – ABB Ltd.
TABLE 93 Key Information – Sick AG
TABLE 94 Key information – Cognex Corporation
TABLE 95 Key Information – Omron Corporation
TABLE 96 key information – FANUC Corporation
TABLE 97 Key Information – MDA Ltd.
TABLE 98 Key Information – SZ DJI Technology Co., Ltd.
TABLE 99 Key Information – Parrot Drone SAS
TABLE 100 Key Information – Seegrid Corporation
TABLE 101 key information – Verizon Communications, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Vision Positioning System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting vision positioning system market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2020, Mar – 2023, Sep) Leading Players
FIG 7 Porter’s Five Force Analysis: Vision Positioning System Market
FIG 8 North America Vision Positioning System Market share by Location, 2022
FIG 9 North America Vision Positioning System Market share by Location, 2030
FIG 10 North America Vision Positioning System Market by Location, 2019 - 2030, USD Million
FIG 11 North America Vision Positioning System Market share by Component, 2022
FIG 12 North America Vision Positioning System Market share by Component, 2030
FIG 13 North America Vision Positioning System Market by Component, 2019 - 2030, USD Million
FIG 14 North America Vision Positioning System Market share by Platform, 2022
FIG 15 North America Vision Positioning System Market share by Platform, 2030
FIG 16 North America Vision Positioning System Market by Platform, 2019 - 2030, USD Million
FIG 17 North America Vision Positioning System Market share by Application, 2022
FIG 18 North America Vision Positioning System Market share by Application, 2030
FIG 19 North America Vision Positioning System Market by Application, 2019 - 2030, USD Million
FIG 20 North America Vision Positioning System Market share by Country, 2022
FIG 21 North America Vision Positioning System Market share by Country, 2030
FIG 22 North America Vision Positioning System Market by Country, 2019 - 2030, USD Million
FIG 23 Recent strategies and developments: ABB ltd
FIG 24 SWOT Analysis: ABB ltd
FIG 25 SWOT Analysis: Sick AG
FIG 26 Recent strategies and developments: Cognex Corporation
FIG 27 SWOT Analysis: Cognex Corporation
FIG 28 SWOT Analysis: Omron Corporation
FIG 29 Recent strategies and developments: FANUC Corporation
FIG 30 SWOT Analysis: FANUC Corporation
FIG 31 SWOT Analysis: MDA Ltd.
FIG 32 Recent strategies and developments: SZ DJI Technology Co., Ltd.
FIG 33 SWOT Analysis: SZ DJI Technology Co., Ltd.
FIG 34 SWOT Analysis: Parrot Drone SAS
FIG 35 Recent strategies and developments: Seegrid Corporation
FIG 36 SWOT Analysis: Verizon Communications, Inc.