The purpose of the report is to illustrate the state of the market of Tactile Printing Technology, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Market Insights
Based on printing application, the global tactile printing market is segmented into maps, audio maps, zoom maps and books. Tactile graphics are commonly used in creation of graphics and accounted for the largest revenue share of 40.0% in 2015. Tactile map is an assists visually impaired people because they can provide geographical information about distant places, with information about unknown places and guides in finding route between two places. The market for tactile maps is expected to witness significant growth with increasing awareness about the use of these maps among visually impaired people. In addition, continuous research on this technology to improve effectiveness of tactile maps is also expected spur the demand for this segment. Tactile book is the second largest application segment. These books are used by visually challenged people and children. Different types of tactile books include experience book, theme book, routine book and object book. Tactile zoom map is advanced version of tactile maps and introduced specially for people who can read braille structure and no previous interaction with tactile maps.
North America is the largest market for tactile printing and accounted for around 37% of revenue share in 2016. North America is expected to maintain its dominating position through the forecast period due to increasing government support in the U.S. and Canada for development of tactile maps and other related technologies for physically challenged people. Asia Pacific is expected to witness the fastest growth with increasing number of vision impaired people in the region and increasing awareness about this technology.
The global tactile printing market is highly fragmented and most of the organizations dealing in this market are non-profit organization. The market has high potential and low entry barriers resulted into the entrance of new users and increasing market competition. The increasing awareness level amongst the population has led the introduction of new players within this market. Manufactures are focusing on new product development and product portfolio expansion in order to strengthen their position in the global market. The key market players of the global tactile printing technology market are View Plus, Brailler (Perkins), American Thermoform, Braigo Labs, Braille Plus Inc, Braille Works Inc, Index Braille AB, NIA Technologies and various others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Tactile Printing Technology buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Tactile Printing Technology contains:
Analysis and forecast of Tactile Printing Technology market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Tactile Printing Technology market;
Assessment and forecast of Tactile Printing Technology market development;
Financial and business profiles of the leading companies in the Tactile Printing Technology industry.
Scope
– Up to date working Tactile Printing Technology data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Tactile Printing Technology for the period 2018 to 2026
– Planned Tactile Printing Technology additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Tactile Printing Technology projects by region, key countries, and companies
– Details of major planned Tactile Printing Technology projects in the world up to 2026
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