Language Translation Device Market To Be Dominated By Asia Pacific During the Forecast Period
Increasing
trend of travel and tourism activities and growing demand of such devices from
corporate sector are the leading factor driving the language translation device
market during the projected period.
According to TechSci Research
report, “Language Translation Device Market – Global Industry
Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, The global language
translation device market size is expected to grow faster during the forecast
period, due to the increasing significance of translation in everyday lives with
the rising trend of travelling. The multicultural and multilingual world is
reaching a point where a clear and efficient communication between languages
and cultures is required. Language translation devices are widely used in business
meetings, language classes within schools, and hospitals to communicate with
people with different spoken languages, due to which all can benefit from the translation
devices.
Furthermore, growing medical tourism has fueled
the expansion of handheld language translation devices globally and also
in non-native language speaking countries, significantly influencing the
language translation devices industry. As a result, market dynamics in the
medical tourism category are influencing manufacturers' product offerings and
customer service.
Through the use of translation devices,
one will be able to engage with people on more effective level. Moreover, the
language translation devices industry is undergoing massive technical
modifications, which are collectively driving the language
translation device sales around the world.
Browse over XX market data Figures spread through XX pages and an in-depth TOC on "Global Language Translation Device Market”
A translating device is compact, easy to
carry, and is powered by a rechargeable battery which is inbuilt within the
translator. Furthermore, language translation devices are available in the form
of earbuds that require a smartphone to connect an individual to another person
making it possible to carry on conversations while performing activities. For
instance, WT2 Language Translator is two wireless earpieces type of translator, which
can be connected via Bluetooth, to the mobile. The WT2 understands 40 different
languages, including Arabic, Greek, and Cantonese. It also understands 93
different accents and has a translation accuracy of 95%.
The increased popularity of online sales
can be attributed to a wider variety of product options than retail stores. It
provides ease-of-accessibility and convenience when making a purchase. Thus,
North America and Europe mostly prefer online platforms to buy
language translation devices as they give a broad platform for comparing
product pricing and features. This is also a factor which is driving the
language translation devices market.
The global language
translation device market is segmented based on product type, type, operating
type, end user, and distribution channel.
The market is divided
into one way
translation and two-way translation, based on product type. Among them, the two-way
type has a significant share in the market due to the advantages like ease of
conversation, etc., associated with these types of translation.
Based on operating type, the
market is fragmented into online and offline translation devices, among which
online translation segment has a significant share which can be attributed to
the growth of internet and connected devices’ increased demand in the market.
Based on the
distribution channel, the market is divided into retail, online, and non-retail.
Among them, the online segment is growing gradually during the forecast period.
The increased popularity of online sales can be attributed to a wider variety
of product offerings when compared with retail stores. It offers ease of use
and convenience while making a purchase.
The market analysis also
studies the regional segmentation to devise regional market segmentation,
divided among North America, Europe, Asia-Pacific, South America, and Middle
East & Africa. Among them, the language translation device in the Asia Pacific is leading the region
due to significant investment in healthcare infrastructure and unprecedented
development in medical tourism, particularly in countries like China, Japan,
the Philippines, Taiwan, Thailand, and India.
Key market players in the global language translation device market include:
- Vasco Electronics LLC
- Sourcenext Inc. (Pocketalk)
- Waverly Labs Inc.
- iFLYTEK Co., Ltd.
- Shenzhen Space Pot Technology Co., Ltd.
- Cheetah Mobile, Inc.
- Fujitsu Limited
- Xiaomi Corporation
- BRAGI GmbH
- CEH Tech LTD.(Mymanu)
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“The primary
factors propelling the market growth over the forecast period will be the rise
in demand for smart wearable devices such as language translation devices.
Furthermore, the market is being driven by a rising trend of travel and tourism
for leisure as well as business purposes. being the primary factors fueling and
likely to further contribute to the market growth of the language translation
device market globally during the forecast year.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Language Translation Device
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028, Segmented By Product Type (One Way Translation, Two Way Translation),
By Type (Handheld, Wearable), By Operating Type (Online, Offline), By End User
(Individual, Commercial), By Distribution Channel (Retail, Online, Non-Retail),
By Region, Competition”, has evaluated the future growth
potential of language translation device in the global market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the market of language translation
device, globally.
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