Vision Positioning System market worldwide is projected to grow by US$6 Billion, driven by a compounded growth of 10.5%. Camera Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 12.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$5.4 Billion by the year 2025, Camera Systems will bring in healthy gains adding significant momentum to global growth.
- Representing the developed world, the United States will maintain a 12% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$261.5 Million to the region’s size and clout in the next 5 to 6 years. Over US$280.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Camera Systems will reach a market size of US$451.2 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.9% over the next couple of years and add approximately US$1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others, ABB Ltd.; Cognex Corporation; DJI; FANUC Corporation; Omron Corporation; Seegrid Corporation.; Senion AB; SICK AG
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