Hand-held Video Magnifier market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 4.7% from 2020 to 2026.
A handheld video magnifier is a small, lightweight electronic magnifier that is easy to use. Due to its compact size, it is easy to carry along anywhere. It can magnify and increase contrast on the spot besides, use a portable video magnifier offers many advantages it allows to access information to users or consumers wherever they are for instance on the go to read price labels, maps, bus schedules, directions, and favorite restaurant menu. However, the COVID-19 pandemic has had a negative impact on the market revenue pool, which is expected to drop. Due to COVID-19-induced stressors, the former growing rate of the Hand-held Video Magnifier market size was predicted to be xx% CAGR through 2026, but that figure has been reduced to 4.7% CAGR.
Global Hand-held Video Magnifier Market Dynamics:
Introduction of new advanced devices and growth in education institutes to Drive Hand-held Video Magnifier Market
The advanced new portable low vision aids offer outstanding image quality and functionality, as well as a folding reading/writing stand for more comfortable reading and writing. Handheld electronic video magnifiers, on the other hand, have a number of advantages over traditional magnifying glasses and are just as easy to use. They are available in a range of screen sizes ranging from 3.5 to 12.5 inches, with larger screens being better suited to those who require higher magnification levels. Handheld video magnifiers with voice include all of the advantages of a handheld video magnifier plus text-to-speech functionality. This is especially beneficial if the eyes feel tired while reading.
With the rising population in developing economies like India, China along with the large English-speaking population allows easy delivery of education products English Proficiency Index 2020 is showing a northward direction growth. In addition, 100% of FDI investments, and government supportive policies have made a positive impact on the Handheld video magnifier market. For instance, India has the world’s largest population of about 500 million in the age bracket of 5-24 years, which provides a great opportunity for the education sector. In 2020-21, there was 9,700 total AICTE approved institutes. Of the total, there were 4,100 undergraduate, 4,951 postgraduate and 4,514 diploma courses in AICTE approved institutes. According to the National Institutional Ranking Framework, 7 positions were bagged by prominent Indian Institutes of Technology out of the top 10 institution rankings in 2020. However, Video magnifiers require power, which might come from the wall or from a battery. As a result, during the forecast period, the hand-held video magnifier market is expected to be constrained by high power requirements and high prices.
The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Hand-held Video Magnifier demand are covered in the MMR report.
Global Hand-held Video Magnifier Market Segment Analysis:
Global Hand-held Video Magnifier Market
To know about the Research Methodology :- Request Free Sample Report
The enterprise segment is expected grow at a CAGR of xx% during the forecast period.
Based on the End-use, in 2019, the enterprise segment has a market share of xx%, and it is expected to reach USD$ XX Mn by 2026. The enterprise segment includes retail stores and education institutes. With the rising disposable income has led to a high standard of living thus the age population between 5 – 24 are looking for high standard quality of induction facilities and Institution which in turn has driven the enterprise segment growth. The retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players this has created many lucrative opportunities for the key players operating in this market. Hand-held video magnifiers are in high demand for reading product labels at grocery stores. People use a hand-held video magnifier for things like reading newspapers, looking at tables, and so on. The rise of the individual end-user the sector is driven by users with low vision or who are partially blind.
Global Hand-held Video Magnifier Market Regional Insights:
Global Hand-held Video Magnifier Market
Asia Pacific to witness high market growth rate and is expected to grow at a CAGR of xx% by 2026
The Asia Pacific market for Hand-held Video Magnifier is expected to rise at a faster pace than the rest of the world by 2026 because of increase in demand for the product across end-users. In the region, China and India are anticipated to be the largest markets for hand-held video magnifiers over the forecast period. The retail industry in India has grown to be one of the most dynamic and fast-paced in the world. In February 2021, the retail industry attained 93 percent of pre-COVID sales, according to the Retailers Association of India (RAI); consumer durables and quick service restaurants (QSR) grew by 15 percent and 18 percent, respectively.
According to the Department for Promotion of Industry and Internal Trade, India's retail trading received FDI equity inflows totaling US$ 3.44 billion from April 2000 to December 2020. (DPIIT). Many corporations have invested in the Indian retail arena in recent months, owing to the increased demand for consumer goods in various industries such as consumer electronics and home appliances. Realme stated in March 2021 that it would extend its retail footprint in India with flagship locations, with its first flagship shop (above 10,000 sq. ft.) set to open in Gujarat. Many corporations have invested in the Indian retail arena in recent months, owing to the increased demand for consumer goods in various industries such as consumer electronics and home appliances.
The government allocated Rs. 54,873.66 crore (US$ 7.53 billion) to the Department of School Education and Literacy in Union Budget 2021-22, compared to Rs. 59,845 crore (US$ 8.56 billion) in Union Budget 2020-21. Higher education had a budget of Rs. 38,350.65 crore (US$ 5.28 billion) and school education and literacy had a budget of Rs. 54,873 crore (US$ 7.56 billion). Under the Rashtriya Uchchatar Shiksha Abhiyan, the government has set out Rs. 3,000 crore (US$ 413.12 million) (RUSA).
The objective of the report is to present a comprehensive analysis of the global Hand-held Video Magnifier market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Hand-held Video Magnifier market dynamics, structure by analyzing the market segments and project the global Hand-held Video Magnifier market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Hand-held Video Magnifier market make the report investor’s guide.
Covid-19 Impact:
COVID-19 Impact on the global Hand-held Video Magnifier market
COVID-19 was a complete surprise and a calamity for the general public and the world economy. The worldwide electronics sector has experienced two effects as a result of the epidemic. The production of electronics parts has been halted due to a logistical bottleneck and a lack of manpower availability around the world. On the other side, non-essential items (including most electronics products) are no longer being delivered by numerous e-commerce sites around the world, which is harming the electronics business. The entire world came to a screeching halt in the year 2020, as well as every sector, suffered the consequences. Supply chain disruptions and manpower shortages also had an influence on the global IT industry.
Global Hand-held Video Magnifier Market Scope: Inquire before buying
Global Hand-held Video Magnifier Market
Global Hand-held Video Magnifier Market, by Region
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global Hand-held Video Magnifier Market Key Players
• Irie-AT
• VisionAid Technologies Ltd.
• Enhanced Vision
• ZOOMAX Technology Co.
• Limited
• MaxiAids.com
• CECITECH Inc.
• Optelec
• Freedom Scientific Inc.
• ViSee Magnifiers
• Koolertron (Shenzhen Kuletong Technology Co. Limited)
• Humanware Australia Pty Ltd
• Other key players
ForMore Information Visit @: https://www.maximizemarketresearch.com/market-report/global-hand-held-video-magnifier-market/107621/
ThisReport Is Submitted By: Maximize Market Research Company
Customization of the report:
Maximize Market Research provides freepersonalized of reports as per your demand. This report can be personalized tomeet your requirements. Get in touch with us and our sales team will guaranteeprovide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2Cresearch on 20,000 high growth emerging opportunities & technologies aswell as threats to the companies across the Healthcare, Pharmaceuticals,Electronics & Communications, Internet of Things, Food and Beverages,Aerospace and Defense and other manufacturing sectors.
