Vision Positioning Systems Market Show Exponential Growth by 2025

The rapid increase in industrial automation in the different regions across the globe is a major driving factor for the vision positioning systems market. The industrial automation employs wide variety of robots in order to reduce the manned workforce and to perform the intended task in a better and faster way. Owing to this fact, the robots used in industrial purpose are equipped with vision positioning systems with an objective to maximize the obstacle detection during performing tasks. Moreover, the increase in usage of robotics and unmanned aerial vehicles in the commercial and defense sectors is also bolstering the growth of the vision positioning systems market. The manufacturers of robots or unmanned systems along with different governments and defense forces are enhancing their products with the vision positioning systems in order to equip them with the technologically latest products for their convenience. This has increased the procurement of robots or UAV’s integrated with vision positioning systems in the commercial and defense sector.

The market growth for vision positioning systems is hindered by the risk of malfunctioning of the sensors or cameras during operation. The malfunction of these components can lead to huge damage to the entire system which is restraining the end users to procure the robots or unmanned systems equipped with vision positioning systems. Moreover, the vision position systems employs expensive sensors, cameras and display units, which increases the cost of the ultimate product. Owing to this factor, the end users are limiting their procurement of these systems, which is inhibiting the growth of the market.

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However, there are certain factors which are pulling the growth of the market to a certain extent. These armors are very heavy and hence slows the speed of the vehicle and soldiers considerably which is risky certain situations. Hence the factor is posing as a restraint for the global armor protection systems market. Furthermore, the high cost of armor protection systems is hindering the demand for protection systems in developing regions like Middle East & Africa and Latin America considerably.

Nevertheless, research and developments are being conducted to develop light weight yet strong hybrid armor protection systems. These protection systems will be capable of providing necessary protection from small caliber weapons and the new form of weapons such as biochemical weapons. Hence the market for armor protection systems is expected to grow significantly in future.

The global armor protection system can be bifurcated into types and geography. By types, the market can be broadly segmented into soldier protection systems and vehicle protection systems. The vehicle protection system is expected to dominate the global market in terms of revenue due to the increasing adoption of these systems by defense bodies in countries like the U.K., France and the U.S. among others. However, the rising threats of terrorist activities are expected to surge the demand for soldier protection systems significantly during the forecast period.

By geography, the global market for armor protection systems has been segmented into five primary regions which include North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America and Europe are actively focusing on using armor protection systems for their soldiers and vehicle and hence the regions are expected to be dominant during the forecast period. However, the Asia Pacific and Middle East and Africa regions are also expected to drive the demand for armor protection systems in future due to the ongoing terrorist activities in countries like Iraq and Syria. Hence the demand is expected to rise during the forecast period.

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The top players operating in the market for vision positioning systems includes Fanuc Corporation (Japan), ABB (Switzerland), Cognex Corporation (U.S), Senion AB (Sweden), Omron Corporation (Japan), Insoft GmbH (Germany), Parrot SA (France), Locata Corporation Pty. Limited. (Australia), Pepperl+Fuchs GmbH (Germany), and Sick AG (Germany).

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