Advancements in Machine Learning and Computer Vision Technology to Bring About Innovative Use Cases in Visual Positioning Systems in the Future.

Market Research Future (MRFR) has published a cooked research report on the “Global Visual Positioning System Market” that contains information from 2018 to 2032. The Visual Positioning System market is estimated to register a CAGR of 11.7% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Visual Positioning System market— Google, Apple, Huawei, Samsung, Sony, Qualcomm, MediaTek, Infineon, STMicroelectronics, Broadcom, Texas Instruments, NXP Semiconductors, Infineon Technologies, Epson, Zebra Technologies, Niantic, and others.

Visual Positioning System Market Highlights:

The Global Visual Positioning System market is accounted to register a CAGR of 11.7% during the forecast period and is estimated to reach USD 27,419.6 million by 2032.

The market for visual positioning systems is expanding due to rising demand for artificial intelligence (AI)-enabled optical sensors and the increased use of commercial drones for security, law enforcement, and agricultural uses around the world. The expanding usage of automated guided vehicles (AGVs) for commercial and defense applications, as well as the widespread use of unmanned aerial vehicles, is propelling the visual positioning system market forward.

The increasing pace of industrial automation and intelligent robotics in commercial and defense applications is also influencing the market for visual positioning systems. Furthermore, the extensive usage of the technology in safety and security applications, R&D, and a growth in private and public sector investment all boost the visual positioning system market. Furthermore, the anticipated increase in demand for sensors with artificial intelligence and technological advancements gives lucrative opportunities for visual positioning system market competitors.

The global visual positioning system market is quickly developing as industry automation applications expand. The capacity of visual positioning sensors to analyze distance information opens up a world of possibilities in industrial processes. Visual positioning systems enable complex computations to be performed in real-time, increasing market growth prospects. As demand for visual positioning systems is developing at a faster pace, the development of small machine visual systems helps producers of visual positioning systems increase their profitability. Because of the rising usage of visual positioning systems in inside navigation, the market for visual indoor positioning systems will reach a peak in a few years. The rising demand for these systems' numerous applications will propel the visual positioning system market forward.

Segment Analysis

The global Visual Positioning System market has been segmented based on Component, Location, Type, Solution, Platform, and Application.

Based on components, the global visual positioning system market segmentation includes sensors, camera, systems, markers, and others. The component camera systems segment held the majority share in 2022, contributing around ~51.8% to the market revenue, as estimated by MRFR analysts. Cameras System emerged as the dominant segment in the market, with the highest revenue share in 2022. Cameras are essential components of positioning systems because they collect images of an area or track the position of automated equipment to supply input data into the system. Sick AG, Omron Corporation, and Menzel Vision and Robotics are among the major manufacturers of location cameras. These firms provide 2D vision and smart cameras with optic sensors. Photometric cameras using Charge-Coupled Device (CCD) arrays are the most often utilised cameras. Further, we estimate that the Cameras System would continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the Visual Positioning System market witnesses continuous innovations and movements in terms of new product launches.  

Based on Location, the global Visual Positioning System market segmentation includes Indoor Positioning System and Outdoor Positioning System. The Outdoor Positioning System segment held the majority share in 2022.

Based on the Type, the global Visual Positioning System market segmentation includes 1D, 2D, and 3D. By Type, 2D segment hold the majority market share in 2022.

Based on the Solution, the global Visual Positioning System market segmentation includes Navigation, Analytics, Tracking, Industrial Solutions, and Others. By Solution, the Industrial Solutions segment holds the majority of the market share in 2022.

Based on the Platform, the global Visual Positioning System market segmentation includes UAVs/Drones, AGV, Robotics, AUV, and Others. By Platform, the Robotics segment holds the majority of the market share in 2022.

Based on the Application, the global Visual Positioning System market segmentation includes Commercial Application and Defense Application. By Application, the Commercial Application segment holds the majority of the market share in 2022.

Regional Analysis

The global Visual Positioning System market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Visual Positioning System market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Visual Positioning System market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Visual Positioning System market comprises of Middle East & Africa, and South America.

The imperative factors, such as the significant number of key players in North America, making it the primary contributor to the market share which is boosting the growth of the North American region.

Companies such as Google, Apple, and Qualcomm are substantially investing in the development of VPS technology, and they are projected to dominate the market in the next years.

Europe is also predicted to grow significantly between 2023 and 2032 due to the presence of key companies, technological advancement, and more foreign investment in the region.

Asia Pacific and the Middle East and Africa (MEA) are likely to emerge as market-growth-friendly regions. DJI, a Chinese drone manufacturer, is a global leader in the development of high-precision positioning systems. Its "Guidance" product is a visual sensing system that includes ultrasonic sensors, integrated visual cameras, and a sophisticated computer vision algorithm.

Furthermore, the market for Visual Positioning Systems in the rest of the world is classified into the Middle East, Africa, and South America. Market factors such as increasing technical improvements and increased competition among competitors are positively contributing.

Key Findings of the Study

• The global Visual Positioning System market is expected to reach USD 27,419.6 billion by 2032, at a CAGR of 11.7% during the forecast period.


• The North America region accounted for the fastest-growing global market, imperative factors, such as the significant number of key players in North America, making it the primary contributor to the market share.


• Based on component, the camera system segment was attributed to holding the largest market in 2022, with an approximate market share of 51.8 %.


• Google, Apple, Huawei, Samsung, Sony, Qualcomm, MediaTek, Infineon, STMicroelectronics, Broadcom, Texas Instruments, NXP Semiconductors, Infineon Technologies, Epson, Zebra Technologies, and Niantic, are the key market players.