Wilmington, Delaware, United States, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The assistive technologies for the visually impaired market is expected to reach US$ 13.9 billion by 2031, expanding a CAGR of 13.7%. Companies in the assistive technologies for the visually impaired market are increasing the availability of braille devices, mobility products, and information communication technologies during the ongoing pandemic.
Companies are making efforts to meet standards set by the UN Sustainable Development Goals and the requirements highlighted in the Convention on the Rights of Persons with Disabilities. Market players are focusing on meeting the needs of minority groups already living with health inequities.
Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=39590
Apart from braille computers and AI backpacks, companies in the assistive technologies for visually impaired market are unlocking revenue opportunities in audiobooks and electronic books to expand revenue streams. Reading machines are being replaced with audiobooks such as Audible and electronic books, including Kindle that allow individuals with low vision to adjust the content’s text size and customize the contrast of the page.
An increasing number of start-ups are tapping revenue opportunities in the assistive technologies for visually impaired market. Low vision apps and software are storming the market to help individuals with visual impairment to easily navigate on-screen.
Key Takeaways from the Market Study
- As of 2023, the assistive technology for visually impaired market is valued at US$ 5 billion.
- From 2023 to 2031, the market is poised to expand by 2.8x.
- By product type, braille computers are expected to emerge as key revenue powerhouses.
- By end-user, the technology is mostly deployed across enterprises & social organizations.
- Low vision devices, especially magnifying glasses, are expected to be the second most sought-after product type.
Key Drivers encouraging uptake of Assistive Technologies for Visually Impaired
- The introduction of artificial intelligence backpack is ushering significant changes in assistive technologies for the visually impaired market. AI is helping visually impaired individuals to navigate independently.
- Market stakeholders should collaborate with researchers to develop backpacks integrated with AI software, a GPS module, and a 4K camera. They should increase R&D in computer vision to innovate in backpacks that are embedded with an AI camera to view the wearer’s surroundings.
- Companies in the assistive technologies for the visually impaired market are taking cues from these innovations to develop backpacks that work with a laptop or a computer to notify the wearer of signs or obstacles via Bluetooth earbuds.
Have Question? Talk to Analyst at: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=39590
Regional Profiling of the Assistive Technologies for Visually Impaired Landscape
- North America is expected to generate high growth opportunities for assistive technologies for the visually impaired. According to the National Eye Institute, there will be a large increase in demand for assistive technologies in the United States by 2050 because of the predicted doubling of the population of visually impaired people.
- In addition, the government has put in place a number of policies and programs to encourage the creation and use of assistive technologies for the blind, which is expected to further accelerate market growth in this area.
- Due to the rising frequency of visual impairment in the region, particularly in countries like India and China, the Asia Pacific region is expected to experience the fastest growth rate in the upcoming years. The need for assistive technologies for the blind is expected to rise because of the region's expanding middle class and strengthening healthcare system.
- Moreover, growing public and organizational knowledge of the advantages of assistive technologies is expected to support the market's expansion in the area.
Competitive Landscape
The following players are active in the assistive technologies for visually impaired landscape:
- Amedia Networks Inc.
- VFO
- Cambium Learning
- Dolphin Computer Access Ltd.
- Access Ingenuity
- American Thermoform
- LVI Low Vision International
- ViewPlus
- Humanware Australia Pty Ltd.
- Freedom Scientific, Inc.
- Nippon Telesoft, Co. Ltd
- OrCam Technologies
Key Market Developments
- Dolphin Computer Access Ltd. announced new updates to its SuperNova and Dolphin ScreeReader 22.03 in June 2023. These include essential fixes for browsing web pages including Google Chrome, Microsoft Edge, and the SuperNova Item Folder; fixes for Arabic and Hebrew languages, and additional features in the Magnifier and Speech edition of SuperNova.
- In September 2023, Lexia, part of Cambium Learning, introduced the Lexia LTRS® Science of Reading Grant Contest for K-5 teachers in the United States. The contest will offer grants to 120 recipients, providing them with no-cost access to the Lexia LETRS (Language Essentials for Teachers of Reading and Spelling) professional learning.
- Lexia LETRS professional learning is a two-year literacy-focused course that provides teachers with deep knowledge to be language and literacy experts in the science of reading.
Key Market Segments
Product Type
- Educational Devices & Software
- Braille Duplicators & Writers
- Braille Computers
- Mathematical & Science Devices
- Reading Machines
- Others
- Mobility Devices
- Canes
- Others
- Low Vision Devices
- Smart Glasses
- VTS Link
- Magnifying Lenses
- Others
End-user
- Blind Schools
- Enterprises & Social Organizations
- Personal Use
- Federation & Hospital
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Place an Order Copy of Assistive Technologies for Visually Impaired Market Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=39590<ype=S
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
