Vision Positioning System Market Size & Share 2023 to 2032
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.
Report ID: GMI7389
|
Published Date: November 2023
|
Report Format: PDF
Download Free PDF
Authors:
Preeti Wadhwani, Aishvarya Ambekar
Vision Positioning System Market Size
Vision Positioning System Market size was valued at USD 5.7 billion in 2022 and is estimated to register a CAGR of over 11% between 2023 and 2032. The rising development of autonomous vehicles, including self-driving cars and drones is driving the adoption of vision positioning system (VPS) technology for precise navigation and obstacle avoidance in the systems. The surge in the number of smart city initiatives is driving the need for applications, such as public safety, traffic management, and autonomous transportation, further boosting the market development.
Vision Positioning System Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
For instance, in February 2023, digital reality firm Hexagon’s Immersal Oy launched Immersal City-Scale, its innovative VPS solution to provide unmatched accuracy in outdoor location-based services to mobile network operators as well as their enterprise customers.
The growing usage of smartphones and the subsequent popularity of improved indoor navigation and location-based services will contribute to the vision positioning system market growth. According to Insider Monkey, China has the world’s largest smartphone user base, accounting nearly 783 million users. With the surging interest in consumer electronics worldwide, VPS technology is expected to become more accessible to wider audience.
However, VPS technology could be expensive for developing, implementing, and maintaining in high-precision applications. Limited operational range, particularly in indoor environments will also act as a restraining factor for the product uptake.
COVID-19 Impact
The COVID-19 pandemic had a negative impact on the vision positioning system market. The pandemic led to disruptions in global supply chains, affecting the production and distribution of components and devices related to vision positioning systems. The delays in manufacturing and shortages of essential components impacted the availability of VPS technologies. Also, industries dependent on vision positioning systems including automotive, aviation, and manufacturing, experienced slowdowns or temporary shutdowns during the pandemic. This led to a decrease in demand for VPS technologies in certain applications.
Vision Positioning System Market Trends
The ongoing innovations in vision positioning systems for improving accuracy, reliability, and adaptability to different use cases will also outline the industry outlook. Of late, there have been rising advances in VPS development via deep learning techniques, machine learning and AI to enhance real-time decision-making, object recognition, and adaptability to different environments and scenarios.
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
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.
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.
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:
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
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:
Click here to Buy Section of this Report
Market, By Component
Market, By Location
Market, By Platform
Market, By Solution
Market, By End-use Industry
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →