Global Speech Generating Devices Market Trajectory & Analytics: A US$423.8 Million Market by 2027, Growing at a CAGR of 10.8% over the period 2020-2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 23, 2021--
The “Speech Generating Devices - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Speech Generating Devices estimated at US$206.2 Million in the year 2020, is projected to reach a revised size of US$423.8 Million by 2027, growing at a CAGR of 10.8% over the analysis period 2020-2027.
Synthesized Speech Devices, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$187 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Text-to-speech Devices segment is readjusted to a revised 11.6% CAGR for the next 7-year period.
The Speech Generating Devices market in the U.S. is estimated at US$55.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$90.6 Million by the year 2027 trailing a CAGR of 14.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 9.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.
In the global Picture Communicators segment, USA, Canada, Japan, China and Europe will drive the 10.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$51 Million in the year 2020 will reach a projected size of US$99.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$61.6 Million by the year 2027, while Latin America will expand at a 12.3% CAGR through the analysis period.
Select Competitors Featured:
- Abilia AB
- AMDi, Advanced Multimedia Devices, Inc.
- Prentke Romich Company (PRC)
- Saltillo Corporation
- Textspeak Corporation
- Tobii Dynavox
- Zygo Corporation
- Zyteq Pty. Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/nly43o
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INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS VOIP
SOURCE: Research and Markets
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PUB: 08/23/2021 09:13 AM/DISC: 08/23/2021 09:13 AM