The industrial automation demand is projected to expand the vision positioning system market 2020. The camera, display, and lighting industry reports are produced by Market Research Future, which highlights market options for expansion. The market stands to gain USD 13.32 Billion while progressing at a 10.87% CAGR by 2023.

On the basis of location, the vision positioning system market is segmented into outdoor positioning system, indoor positioning system, and others. The platform-based segmentation of the vision positioning system market is segmented into space vehicles, robotics, automated guided vehicles, unmanned aerial vehicle – drones, and others. The type-based segmentation of the vision positioning system market comprises of 2 D, 1 D and 3 D. On the basis of end-user, the vision positioning system market is segmented into automotive, government & defense, BFSI, industrial, healthcare, commercial and others. Based on the regions, the vision positioning system market is segmented into Europe, Asia Pacific (APAC), North America, and the rest of the global regions.

The downturn effects visible in the market are estimated to stay a little longer due to the scale of impact on the global market. The need for prudent analysis of the market trends and demand projections is estimated to lead to formidable development in the market. The constraints of growth are expected to be significant and considerable support will be needed to transform the market effectively.

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The outstanding companies in the vision positioning system market are Senion AB (Europe), Cognex Corporation (U.S.), Sick AG (Germany), ABB (Switzerland), Parrot SA (France), Omron Corporation (Japan), Pepperl+Fuchs GmbH (Europe), Seegrid Corporation (U.S) among others.