A Vision Positioning System (VPS) determines the location of a camera-enabled device through ultrasonic and image data in environments where GPS (global positioning system) signals are unavailable. The main components of a vision positioning system include two ultrasonic sensors and four monocular sensors. A VPS uses 2-dimensional and 3-dimensional positioning sensors, which are usually used in both indoor and outdoor environments. A VPS uses basic principles of map-based and landmark-based positioning but relies on optical sensors rather than ultrasound, dead-reckoning, and inertial sensors. For example, a vision positioning system is activated automatically when the drone is turned on. The drone status indicator will indicate that the system is ready. Using sensors that are built into the vision positioning system, the drone can fly in the right direction even without a GPS signal.
The Vision Positioning System vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".
The companies that fall under this category generally receive high scores for most of the evaluation criteria. They have a well-established product portfolio and a very strong market presence. They offer mature and reputable products and services and have strong business strategies.
Innovators are the vendors that have demonstrated substantial product innovations as compared to their competitors. They have an extensive product portfolio. However, they do not have very strong growth strategies for their overall business.
Dynamic differentiators are the established vendors of radar simulators with strong business strategies. However, they have weaker product portfolios as compared to their competitors. They generally focus on a specific type of technology related to a particular product.
Vendors with niche product offerings, who have started to gain their foothold in the radar simulator market, fall under this category. They do not have strong business strategies as compared to other established vendors. They might be new entrants in the market and require some time before gaining significant traction in the market. The potential benefits of using vision positioning systems include real-time data collection, object location, and tracking. The commercial applications of vision positioning systems include security, robotic industrial automation, and media & entertainment. The automotive industry is anticipated to positively impact the demand for vision positioning systems in the coming years. Industrial automation uses automotive robots to perform various tasks, such as welding, assembling, painting, dispensing, and cutting, among others. These robots require vision positioning systems to carry out the tasks assigned accurately. The Asia-Pacific vision positioning system market is expected to witness a significant growth over the forecast period owing to rapid industrialization accompanied by the increasing manufacturing activities in the region. Vision positioning systems are used in the defense sector for soldier positioning, aerial photography, remote sensing, 3D mapping, and marine navigation. Vision positioning systems are capable of providing force tracking (military commander’s location information), remote piloting of unmanned aerial vehicles, and search & rescue. There is an increasing demand for UAVs, automated guided vehicles, and military robots in the defense sector, which will, in turn, propel the growth of the vision positioning system market. These drones, automated vehicles, and robots use vision positioning systems for navigation and location determination.
Breadth and Depth of Product Offerings
No. of products do you currently offer in Vision Positioning System market
How many new product launches have taken place from 2013-2016?
What type of solution does the company caters to?Tracking | Navigation | Analytics | Industrial Solutions | Others |
What are the applications does your systems cater to?Security | Logistics Warehouse Management | Media and Entertainment | Robotic Inspection and Monitoring | Medical | Space Navigation | Recreation | Military |
Product Features and Functionality
No of Patent registration of technology by companyZero | 1 to 3 | Above 7 | 4 to 7 |
Technology used by the currently available productsCamera Systems | Sensors |
Product operating location?Indoor | Outdoor |
Number of countries operating the system?above 15 | 10 to 15 | 4 to 9 | 1 upto 3 |
Manufacturing of productLicensed manufacturing by another company | Foreign country company owned | Home country |
What is presence of your distributors in a particular region?Distributors in Asia-Pacific | Distributors in North America | Distributors in Europe | Distributors in Middle East and Africa | Distributors in Latin America |
In which of the following regions do you have direct presence ?Direct presence in Asia-Pacific | Direct presence in North America | Direct presence in Europe | Direct presence in Middle East and Africa | Direct presence in Latin America |
Breadth of Applications Served
Which of the following industry verticals does your company cater to?To Robotics | To AGV | To Drones | To Autonomous undersea vehicle | To Space vehicle | To Others |
How much percentage of your FY2015 or 2016 revenue was generated from the following industry verticals?Revenues from Space vehicle | Revenues from Drones | Revenues from AGV | Revenues from Robotics | Revenues from Autonomous undersea vehicle | Revenues from Others |
Are you planning to cater to any new industry vertical(s) in the next 2-3 years? Please specify.
Channel Strategy and Fit
Which of the following constitutes your partner ecosystem?Distributors | Manufacturers | OEMs | Others |
What, according to you, will be the expected product revenue growth rate (in %) from FY2016 to FY2017?
What percentage of your total revenue was from vision positioning system?20% and above | 10-20% | 5-10% | upto 5% |
Regions to generate the highest revenue in last 5 years in Viison Positioing System ?Revenues from North America | Revenues from Europe | Revenues from Asia-Pacific | Revenues from Middle East and Africa | Revenues from Latin America |
Competition faced in the same product segment?
How many customers have you acquired in the last 5 years?
What was your R&D expenditure specific to Vision Positioning Systems of the total R&D expenditure , in FY2015/2016?
Company diversification score in different sectorsDrones | AGV | Robotics | Autonomous undersea vehicle | Space vehicle | Others please specify |
Mergers and Acquisitions Strategy
How many mergers and acquisitions have you undertaken in the past three years ?
How many joint ventures have you undertaken in the past three years ?
How many partnerships and collaborations have you undertaken in the past three?