Steadily, one can observe that, increasing industrial automation, usage of smart robotics in commercial and defense applications, and increasing use of UAVs (unmanned aerial vehicles) for industrial as well as defense purposes has led to the growth of the market vision positioning system globally.
According to Research and Markets, the growth of the vision positioning system is driven by several factors, such as increased use of vision positioning systems in industrial automation and indoor navigation, especially in robotics and commercial drones, to handle all kinds of operations.
The firm also reveals that, there is an increasing demand in major countries such as the U.S. and China for small drones, automated guided vehicles, and robotics for commercial and civil applications.
The vision positioning system market is projected to grow from USD 5.58 billion in 2017 to USD 9.25 billion by 2022, at a CAGR of 10.65%.
However, stringent government regulations that have led to a ban on drone usage in some countries such as Japan and India may restrain the growth of this market.