The global Assistive Technologies for Visually Impaired market size was estimated at USD 3.60 billion in 2021 and is expected to surpass around USD 13.8 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 13.6% during the forecast period 2022 to 2030.
Assistive Technologies for Visually Impaired Market: Overview
Assistive Technologies for Visually Impaired Market: Key Segments
Report Scope of the Assistive Technologies for Visually Impaired Market
Report Coverage |
Details |
Market Size |
US$ 13.8 Billion by 2030 |
Growth Rate |
CAGR of 13.6% from 2022 to 2030 |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Segments Covered |
Product Type, End-user and Region, |
Companies Mentioned |
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 |
COVID-19 Crisis Highlights Importance of UN Sustainable Development Goals Standards
It has been found that the COVID-19 pandemic has had a catastrophic impact on users of assistive technology (AT) across the globe. Such findings are affecting the growth of the assistive technologies for visually impaired market. Market stakeholders are gaining cognizance about these findings and increasing efforts to establish strong user-centered development of funding policies.
Companies in the assistive technologies for visually impaired market are increasing the availability of braille devices, mobility products, and information communication technologies during the ongoing pandemic. They are taking 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.
Innovations in Braille Computers Help Expand Market Share
Braille computers are generating stable revenue streams for participants in the assistive technologies for visually impaired market. Moreover, users who cannot see their computer screens have the option of screen readers. Companies are increasing their research in this segment, since this software is able to describe images on the screen using alt text and read web pages with text to speech technology.
In case a user prefers the tactile experience of reading braille over listening to a voiceover, braille displays can be attached to the computer. Such innovations are translating into revenue opportunities for stakeholders in the assistive technologies for visually impaired market.
Lack of Understanding about Smartphone-based Assistive Technologies Affects Market Growth
The theoretical definition of AT needs to come to reality in order to counteract challenges that advanced societies will face in the upcoming years such as population aging. In order to tide over these challenges and be future-ready, participants in the assistive technologies for visually impaired market are increasing their R&D in ehealth and computer based systems.
Smartphone-based assistive technologies hold promising potentials for people with visual impairment. However, lack of awareness and understanding of the beneficial aspects of smartphone-based assistive technologies are affecting market growth. Hence, companies should develop more innovative and readily accessible user-friendly mobile technology and accessible apps.
AI Backpacks Notify Wearers of Obstacles via Bluetooth Earbuds
The introduction of AI (Artificial Intelligence) backpack is ushering significant changes in the assistive technologies for 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 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.
Electronic Books & Low Vision Apps Storming Market Landscape
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 contrast of the page.
An increasing number of startups 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.
Assistive Technologies for Visually Impaired Market: Regional Outlook
Some of the prominent players in the Assistive Technologies for Visually Impaired Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Assistive Technologies for Visually Impaired market
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Assistive Technologies for Visually Impaired Market Study: