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According to the new research report titled “Braille Printing Machine Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 515.90 million by 2028, registering a CAGR of 5.86% from 2020 to 2027.
The braille printing machines market is segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In 2020, North America led the global market with a substantial revenue share, followed by Europe and APAC. Many of the top braille printing machine market players, such as American Thermoform and ViewPlus, are based in the US and Canada. American Thermoform is one of the global leaders in the production and distribution of braille products and supplies for the visually impaired people. It is also the world’s largest producer of high-quality braille papers and braille labels. Similarly, ViewPlus is a leading provider of braille, audio-tactile, and other alternate products, and supplies; it offers a wide range of braille printers in the market. HumanWare is another company in North America, headquartered in Canada, which is making rapid progress in the assistive technology market and catering to the people with visual impairment or to those with weak vision. The company has a widespread presence across the world with a large network of sales offices and distributors.
North America is expected to maintain its dominating position in the braille printing machine market during the forecast period due to increasing government initiatives in the US and Canada to support the development of tactile printers, embossers, and other related technologies. For example, in the US, the American Foundation for the Blind has launched a National Agenda that discusses and suggests the necessary changes in educational programs on a broader level, to meet the needs of students with visual impairments, as well as to prepare them to meet the modern world challenges. The governments are also looking after the accommodation of these students in various departments and organizations such as American Printing House for the Blind, which promotes the independence of visually impaired persons by providing specialized materials, products, and services that are needed for education and routine life. American Thermoform works closely with organizations such as Perkins Braille, National Braille Press, American Printing House for the Blind, and National Federation of the Blind. Thus, initiatives taken by various education institutes and other organizations for visually disabled people are bolstering the demand for braille printing machines in North America. However, the factory and business shutdowns across the US, Canada, and Mexico due to COVID 19 pandemic are limiting the braille printing machine market growth. North America is home to a large number of manufacturing and technology companies.
Key Findings of Study:
In the recent years, the IoT has gained significant traction among organizations, technology vendors, business decision-makers, as well as consumers; this can be attributed to continuous advancements in semiconductors, sensor technologies, and so on. IoT can be employed in the equipment deploys numerous types of smart and connected devices. Braille printers accept data from computer devices and emboss the desired information on paper with the help of solenoids that control embossing pins. The printers are typically used to print characters on heavyweight papers, and they use a greater number of pages for printing the same volume of information that can be printed on lesser number of pages when using regular printers.
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