EnvisionGLASSes
Product Update Project
Lam H. Nguyen
Description
Envision is a company based in the Netherlands, specializing in AI-powered smart glasses designed for people who are blind or have low vision. These glasses convert visual information into speech, using technology to assist with daily tasks and enhance independence.
Competition
Pros
EnhancedIndependence
Functionalities
Innovative
Friendly
So how will this product be updated?
An AI Glasses product that connects via Bluetooth.
Needs and Wants
Affordability
Independence
Accessibility
Ease to use
Assist and navigate
Experience
Price
Jobs
Good
Demand
What is it Supplying?
43 million people are blind
About 1.1 million people turn blind in a year.
295 million people have moderate to severe visual impairment
Only 5% of these individuals can afford AI Glasses
INFORME TECH
Bluetooth Envision Glasses Update
Development
Bluetooth Module
$10,000 to $50,000( depending on the complexity and the developers' rates.)
$5 to $20 per unit (depending on the specifications and features.)
Certification
Testing
$1,000 to $5,000 (Ensuring the product meets regulatory standards)
$5,000 to $15,000.
Cost of Production & Price
$38,150 to $70,150
down to
$200
$2,500 to $8,400
down to
$400 to $1,200
there are many firms offering similar but not identical products, allowing for product differentiation and some degree of market power for individual firms.
Monopolistic Competition - Market Structure
Profit Increase
Assuming a conservative estimate of a 50% increase in market size due to affordability, the total revenue from 2024 to 2030 would be around $64,579,520.
Market Size
The global smart glasses market was expected to grow at a 27.1% compound annual growth rate - from 2023 to 2030
Thank you for your listen! Question?
Envision Blind Glasses
Huynh Lam Nguyen
Created on October 26, 2024
Start designing with a free template
Discover more than 1500 professional designs like these:
View
Audio tutorial
View
Pechakucha Presentation
View
Desktop Workspace
View
Decades Presentation
View
Psychology Presentation
View
Medical Dna Presentation
View
Geometric Project Presentation
Explore all templates
Transcript
EnvisionGLASSes
Product Update Project
Lam H. Nguyen
Description
Envision is a company based in the Netherlands, specializing in AI-powered smart glasses designed for people who are blind or have low vision. These glasses convert visual information into speech, using technology to assist with daily tasks and enhance independence.
Competition
Pros
EnhancedIndependence
Functionalities
Innovative
Friendly
So how will this product be updated?
An AI Glasses product that connects via Bluetooth.
Needs and Wants
Affordability
Independence
Accessibility
Ease to use
Assist and navigate
Experience
Price
Jobs
Good
Demand
What is it Supplying?
43 million people are blind
About 1.1 million people turn blind in a year.
295 million people have moderate to severe visual impairment
Only 5% of these individuals can afford AI Glasses
INFORME TECH
Bluetooth Envision Glasses Update
Development
Bluetooth Module
$10,000 to $50,000( depending on the complexity and the developers' rates.)
$5 to $20 per unit (depending on the specifications and features.)
Certification
Testing
$1,000 to $5,000 (Ensuring the product meets regulatory standards)
$5,000 to $15,000.
Cost of Production & Price
$38,150 to $70,150
down to
$200
$2,500 to $8,400
down to
$400 to $1,200
there are many firms offering similar but not identical products, allowing for product differentiation and some degree of market power for individual firms.
Monopolistic Competition - Market Structure
Profit Increase
Assuming a conservative estimate of a 50% increase in market size due to affordability, the total revenue from 2024 to 2030 would be around $64,579,520.
Market Size
The global smart glasses market was expected to grow at a 27.1% compound annual growth rate - from 2023 to 2030
Thank you for your listen! Question?