Language Translation Devices 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

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD1.03 Billion

CAGR (2023-2028)

9.80%

Fastest Growing Segment

Wearable

Largest Market

Asia Pacific


Global Language Translation Devices Market is expected to expand rapidly during the forecast period, due to the increasing need for effective communication across different languages driving the language translation devices market and expected to further increase the revenue generation of language translation devices market globally, during the projected period. The adoption of AI and IoT is being accelerated by the growing use of high-speed network access as well as increased government initiatives for digitization. As the use of AI-based translation solutions increases, there is a rising need for devices that can be customized to users' needs.

Global Language Translation Devices Market Scope

A language translation device is a compact device that instantly translates between two languages in real-time as the user speaks into the devices, and it’ll quickly convert the phrase in the intended language. Language translator devices are available in two categories, one way translation and two-way translation. A one-way translator can only translate one person's language into another, whereas a two-way translator can translate a conversation from one language to their conversation partner's language and back. Furthermore, language translators can operate with or without an internet connection. Offline language translator devices translate users’ words into other languages without an internet connection, whereas online language translator devices not only support online translation with internet connection but also supports offline translation offering various features, other than language translation such as text translation, translate multiple languages etc. These devices are segregated into individual and commercial, based on end user. Concerning the distribution channel, the market is divided into retail, online and non-retail.

Global Language Translation Devices Market Overview

The language translation devices market is experiencing significant technical transformations, which are accelerating language translation devices sales around the world. Moreover, the increasing number of tourists in Europe is a major driver of language translation devices business growth. The availability of real-time language translation technologies, as well as growing developments in AI and IoT (internet of things), have considerably aided the market in increasing revenues.

According to the 2021 edition of Facts and Figures, the International Telecommunication Union's (ITU), which is the United Nations specialized agency for information and communication technologies annual overview of the state of digital connectivity worldwide who are not using internet was approximately 37% of the world's population, or 2.9 billion people, who are still not using internet. The majority of the population not using internet is concentrated in the African region, which could create a strong demand for offline translation devices in these areas and expand the language translation devices market dynamics.

Moreover, language translation devices enable two parties from different cultures to communicate and exchange information. It can translate documents or break down spoken words to ensure that both parties understand each other in any language they are communicating. This strengthens relationships between individuals improving business relationships to expand their social network.

Global Language Translation Devices Market Drivers

The primary factor for fueling language translation devices is to facilitate consumers in overcoming language challenges in the commercial sector. Since 40% of the world only speaks one language fluently, as businesses expand globally, language variations eventually impact productivity and overall business operations. A handheld language translation device overcomes the language difference between two people with different languages, particularly when they operate closely together or in the same facility, travel internationally, etc. Thus, the language translation devices market is driven by expanding business activities globally, increasing number of travel and tourism activities, etc. Additionally, growing medical tourism has fueled the expansion of language translation devices across countries and in non-native language speaking countries which is a factor directly influencing the language translation devices industry, globally.



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Global Language Translation Devices Market Trends

Language translation devices are gaining popularity in the global market due to variety of factors, including the requirement for language translation between patients and healthcare professionals. For instance, Pocketalk Plus, was launched in 2022, with HIPAA (Health Insurance Portability and Accountability Act) compliant handheld language translator. Furthermore, the integration of AI (Artificial intelligence) and machine learning technology with language translation devices, is rapidly expanding around the world.

Moreover, investments in AI, machine learning, and robotics are predicted to increase during the forecasted period. For instance, ‎FANBAI language translation devices, integrates the world's leading AI translation engine: Google, Microsoft, Baidu and IFLYTEK, supporting bi-directional translator with 106 online languages and 8 real-time offline languages that cover 98% of countries in the world. It has ultra-high translation accuracy for complicated phrases and its precision rate can reach 98%. Moreover, various language translation devices offer photo translation with camera integrated in these devices and 44 languages for online photo translation. Thus, the availability of various features and availability of huge product range of these devices are driving the demand of language translation devices market, globally.

Global Language Translation Devices Market Challenges

Depending on the model users select, language translator devices are able to translate a single word and also short phrases. . This can make it difficult to figure out the grammatically correct way to say a sentence, which differs by language, which could lead to miscommunication between the speaker and listener. Moreover, cultural nuances such as humor, sarcasm, or tone, can be challenging to translate accurately. Overall, while language translation devices have made significant strides in recent years, they still face challenges in accurately translating language and conveying effective communication.

Recent Developments in Global Language Translation Devices Market

  • In 2021, Fujitsu Laboratories created an ID card-style language translation device, a wearable device which can be worn as a card by the person, identifies pauses in discussions, and automatically translates conversation content. This language translation technology is intended for use in the medical industry, where there is an increasing need to communicate with foreign patients.
  • In 2022, Peiko Generation Two Wireless Translator Earbuds, was launched which are connected to users’ phone and operate through application, capable for recording and translating up to 50 different languages. This device also supports group translation through app in which users select the group translation and translation will play in a group with the chose language.
  • In 2021, Pocketalk released a HIPAA-compliant handheld translator for use in medical settings. The technology was developed to enable patients to connect directly with healthcare professionals in their original language.

Global Language Translation Devices Market Opportunities

There is a rapid increase in the demand of language translation devices with a significant share, during the forecast period. The industry trends in the medical segment have influenced language devices manufacturers' product offerings while also creating new opportunities for both global and local companies, boosting the language translating devices market. Furthermore, the demand of these devices is increasing for various purposes such as travelling, shopping, business meeting, entertainment, friends-making, learning foreign languages and for understanding foreign signs/road signs, restaurant menus, product labels, immigration cards etc., creating new opportunities for the language translation devices market throughout the forecast period, globally. Thus, language translation devices have the potential to break down language barriers and facilitate communication in various sectors such as healthcare, travel and tourism, education, etc.

Company Profiles

The major players in the global language translation devices market are 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).

Market Segmentation   

The global Language Translation Devices 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. Based on type, the market is fragmented into handheld and wearable. Based on operating type, the market is divided into online and offline. The market is divided into individual and commercial, based on end user. Based on the distribution channel, the market is divided into retail, online, and non-retail. 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.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Product Type

Type

Operating Type

End User

Distribution Channel

Region

Regional Scope

North America, Europe, Asia-Pacific, South America, and Middle East & Africa,

Country Scope

United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Turkey

Key Companies Profiled

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)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global language translation devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Global Language Translation Devices Market, By Product Type:

o   One way Translation

o   Two-way Translation

  • Global Language Translation Devices Market, By Type:
    • Handheld
    • Wearable
  • Global Language Translation Devices Market, By Operating Type:
    • Online
    • Offline
  • Global Language Translation Devices Market, By End User:
    • Individual
    • Commercial
  • Global Language Translation Devices Market, By Distribution Channel:
    • Retail
    • Online
    • Non-Retail
  • Global Language Translation Devices Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global language translation devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.     By Gender

4.2.2.     By Age

4.2.3.     By Occupation

4.3.  Brand Awareness

4.4.  Factors Influencing Purchase Decision

4.5.  Challenges Faced After Purchase

5.    Global Language Translation Devices Market Outlook     

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type Market Share Analysis (One way Translation, Two-way Translation)

5.2.2.     By Type Market Share Analysis (Handheld, Wearable)

5.2.3.     By Operating Type Market Share Analysis (Online, Offline)

5.2.4.     By End User Market Share Analysis (Individual, Commercial)

5.2.5.     By Distribution Channel Market Share Analysis (Retail, Online, Non-Retail)

5.2.6.     By Regional Market Share Analysis

5.2.6.1.         North America Market Analysis

5.2.6.2.         Europe Market Analysis

5.2.6.3.         Asia -Pacific Market Analysis

5.2.6.4.         South America Market Analysis

5.2.6.5.         Middle East & Africa Market Analysis

5.2.7.     By Company Market Share Analysis

5.3.  Global Language Translation Devices Mapping & Opportunity Assessment

5.3.1.     By Product Type Market Mapping & Opportunity Assessment

5.3.2.     By Type Market Mapping & Opportunity Assessment

5.3.3.     By Operating Type Market Mapping & Opportunity Assessment

5.3.4.     By End User Market Mapping & Opportunity Assessment

5.3.5.     By Distribution Channel Market Mapping & Opportunity Assessment

5.3.6.     By Regional Market Mapping & Opportunity Assessment

6.    North America Language Translation Devices Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type Market Share Analysis

6.2.2.     By Type Market Share Analysis

6.2.3.     By Operating Type Market Share Analysis

6.2.4.     By End User Market Share Analysis

6.2.5.     By Distribution Channel Market Share Analysis

6.2.6.     By Country Market Share Analysis

6.2.6.1.         United States Language Translation Devices Market Outlook

6.2.6.1.1.             Market Size & Forecast

6.2.6.1.1.1. By Value

6.2.6.1.2.             Market Share & Forecast

6.2.6.1.2.1. By Product Type Market Share Analysis

6.2.6.1.2.2. By Type Market Share Analysis

6.2.6.1.2.3. By Operating Type Market Share Analysis

6.2.6.1.2.4. By End User Market Share Analysis

6.2.6.1.2.5. By Distribution Channel Market Share Analysis

6.2.6.2.         Canada Language Translation Devices Market Outlook

6.2.6.2.1.             Market Size & Forecast

6.2.6.2.1.1. By Value

6.2.6.2.2.              Market Share & Forecast

6.2.6.2.2.1. By Product Type Market Share Analysis

6.2.6.2.2.2. By Type Market Share Analysis

6.2.6.2.2.3. By Operating Type Market Share Analysis

6.2.6.2.2.4. By End User Market Share Analysis

6.2.6.2.2.5. By Distribution Channel Market Share Analysis

6.2.6.3.         Mexico Language Translation Devices Market Outlook

6.2.6.3.1.             Market Size & Forecast

6.2.6.3.1.1. By Value

6.2.6.3.2.             Market Share & Forecast

6.2.6.3.2.1. By Product Type Market Share Analysis

6.2.6.3.2.2. By Type Market Share Analysis

6.2.6.3.2.3. By Operating Type Market Share Analysis

6.2.6.3.2.4. By End User Market Share Analysis

6.2.6.3.2.5. By Distribution Channel Market Share Analysis

7.    Europe Automatic Air Freshener Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type Market Share Analysis

7.2.2.     By Type Market Share Analysis

7.2.3.     By Operating Type Market Share Analysis

7.2.4.     By End User Market Share Analysis

7.2.5.     By Distribution Channel Market Share Analysis

7.2.6.     By Country Market Share Analysis

7.2.6.1.         Germany Language Translation Devices Market Outlook

7.2.6.1.1.             Market Size & Forecast

7.2.6.1.1.1. By Value

7.2.6.1.2.             Market Share & Forecast

7.2.6.1.2.1. By Product Type Market Share Analysis

7.2.6.1.2.2. By Type Market Share Analysis

7.2.6.1.2.3. By Operating Type Market Share Analysis

7.2.6.1.2.4. By End User Market Share Analysis

7.2.6.1.2.5. By Distribution Channel Market Share Analysis

7.2.6.2.         France Language Translation Devices Market Outlook

7.2.6.2.1.             Market Size & Forecast

7.2.6.2.1.1. By Value

7.2.6.2.2.             Market Share & Forecast

7.2.6.2.2.1. By Product Type Market Share Analysis

7.2.6.2.2.2. By Type Market Share Analysis

7.2.6.2.2.3. By Operating Type Market Share Analysis

7.2.6.2.2.4. By End User Market Share Analysis

7.2.6.2.2.5. By Distribution Channel Market Share Analysis

7.2.6.3.         United Kingdom Language Translation Devices Market Outlook

7.2.6.3.1.             Market Size & Forecast

7.2.6.3.1.1. By Value

7.2.6.3.2.             Market Share & Forecast

7.2.6.3.2.1. By Product Type Market Share Analysis

7.2.6.3.2.2. By Material Market Share Analysis

7.2.6.3.2.3. By Distribution Channel Market Share Analysis

7.2.6.4.         Italy Language Translation Devices Market Outlook

7.2.6.4.1.             Market Size & Forecast

7.2.6.4.1.1. By Value

7.2.6.4.2.             Market Share & Forecast

7.2.6.4.2.1. By Product Type Market Share Analysis

7.2.6.4.2.2. By Type Market Share Analysis

7.2.6.4.2.3. By Operating Type Market Share Analysis

7.2.6.4.2.4. By End User Market Share Analysis

7.2.6.4.2.5. By Distribution Channel Market Share Analysis

7.2.6.5.         Spain Language Translation Devices Market Outlook

7.2.6.5.1.             Market Size & Forecast

7.2.6.5.1.1. By Value

7.2.6.5.2.             Market Share & Forecast

7.2.6.5.2.1. By Product Type Market Share Analysis

7.2.6.5.2.2. By Type Market Share Analysis

7.2.6.5.2.3. By Operating Type Market Share Analysis

7.2.6.5.2.4. By End User Market Share Analysis

7.2.6.5.2.5. By Distribution Channel Market Share Analysis

8.    Asia-Pacific Language Translation Devices Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type Market Share Analysis

8.2.2.     By Type Market Share Analysis

8.2.3.     By Operating Type Market Share Analysis

8.2.4.     By End User Market Share Analysis

8.2.5.     By Distribution Channel Market Share Analysis

8.2.6.     By Country Market Share Analysis

8.2.6.1.         China Language Translation Devices Market Outlook

8.2.6.1.1.             Market Size & Forecast

8.2.6.1.1.1. By Value

8.2.6.1.2.             Market Share & Forecast

8.2.6.1.2.1. By Product Type Market Share Analysis

8.2.6.1.2.2. By Type Market Share Analysis

8.2.6.1.2.3. By Operating Type Market Share Analysis

8.2.6.1.2.4. By End User Market Share Analysis

8.2.6.1.2.5. By Distribution Channel Market Share Analysis

8.2.6.2.         India Language Translation Devices Market Outlook

8.2.6.2.1.             Market Size & Forecast

8.2.6.2.1.1. By Value

8.2.6.2.2.             Market Share & Forecast

8.2.6.2.2.1. By Product Type Market Share Analysis

8.2.6.2.2.2. By Type Market Share Analysis

8.2.6.2.2.3. By Operating Type Market Share Analysis

8.2.6.2.2.4. By End User Market Share Analysis

8.2.6.2.2.5. By Distribution Channel Market Share Analysis

8.2.6.3.         Japan Language Translation Devices Market Outlook

8.2.6.3.1.             Market Size & Forecast

8.2.6.3.1.1. By Value

8.2.6.3.2.             Market Share & Forecast

8.2.6.3.2.1. By Product Type Market Share Analysis

8.2.6.3.2.2. By Type Market Share Analysis

8.2.6.3.2.3. By Operating Type Market Share Analysis

8.2.6.3.2.4. By End User Market Share Analysis

8.2.6.3.2.5. By Distribution Channel Market Share Analysis

8.2.6.4.         South Korea Language Translation Devices Market Outlook

8.2.6.4.1.             Market Size & Forecast

8.2.6.4.1.1. By Value

8.2.6.4.2.             Market Share & Forecast

8.2.6.4.2.1. By Product Type Market Share Analysis

8.2.6.4.2.2. By Type Market Share Analysis

8.2.6.4.2.3. By Operating Type Market Share Analysis

8.2.6.4.2.4. By End User Market Share Analysis

8.2.6.4.2.5. By Distribution Channel Market Share Analysis

8.2.6.5.         Australia Language Translation Devices Market Outlook

8.2.6.5.1.             Market Size & Forecast

8.2.6.5.1.1. By Value

8.2.6.5.2.             Market Share & Forecast

8.2.6.5.2.1. By Product Type Market Share Analysis

8.2.6.5.2.2. By Type Market Share Analysis

8.2.6.5.2.3. By Operating Type Market Share Analysis

8.2.6.5.2.4. By End User Market Share Analysis

8.2.6.5.2.5. By Distribution Channel Market Share Analysis

9.    South America Language Translation Devices Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type Market Share Analysis

9.2.2.     By Type Market Share Analysis

9.2.3.     By Operating Type Market Share Analysis

9.2.4.     By End User Market Share Analysis

9.2.5.     By Distribution Channel Market Share Analysis

9.2.6.     By Country Market Share Analysis

9.2.6.1.         Brazil Language Translation Devices Market Outlook

9.2.6.1.1.             Market Size & Forecast

9.2.6.1.1.1. By Value

9.2.6.1.2.             Market Share & Forecast

9.2.6.1.2.1. By Product Type Market Share Analysis

9.2.6.1.2.2. By Type Market Share Analysis

9.2.6.1.2.3. By Operating Type Market Share Analysis

9.2.6.1.2.4. By End User Market Share Analysis

9.2.6.1.2.5. By Distribution Channel Market Share Analysis

9.2.6.2.         Argentina Language Translation Devices Market Outlook

9.2.6.2.1.             Market Size & Forecast

9.2.6.2.1.1. By Value

9.2.6.2.2.             Market Share & Forecast

9.2.6.2.2.1. By Product Type Market Share Analysis

9.2.6.2.2.2. By Type Market Share Analysis

9.2.6.2.2.3. By Operating Type Market Share Analysis

9.2.6.2.2.4. By End User Market Share Analysis

9.2.6.2.2.5. By Distribution Channel Market Share Analysis

9.2.6.3.         Colombia Language Translation Devices Market Outlook

9.2.6.3.1.             Market Size & Forecast

9.2.6.3.1.1. By Value

9.2.6.3.2.             Market Share & Forecast

9.2.6.3.2.1. By Product Type Market Share Analysis

9.2.6.3.2.2. By Type Market Share Analysis

9.2.6.3.2.3. By Operating Type Market Share Analysis

9.2.6.3.2.4. By End User Market Share Analysis

9.2.6.3.2.5. By Distribution Channel Market Share Analysis

10.  Middle East & Africa Language Translation Devices Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type Market Share Analysis

10.2.2.  By Type Market Share Analysis

10.2.3.  By Operating Type Market Share Analysis

10.2.4.  By End User Market Share Analysis

10.2.5.  By Distribution Channel Market Share Analysis

10.2.6.  By Country Market Share Analysis

10.2.6.1.      Saudi Arabia Language Translation Devices Market Outlook

10.2.6.1.1.           Market Size & Forecast

10.2.6.1.1.1.               By Value

10.2.6.1.2.           Market Share & Forecast

10.2.6.1.2.1.               By Product Type Market Share Analysis

10.2.6.1.2.2.               By Type Market Share Analysis

10.2.6.1.2.3.               By Operating Type Market Share Analysis

10.2.6.1.2.4.               By End User Market Share Analysis

10.2.6.1.2.5.               By Distribution Channel Market Share Analysis

10.2.6.2.      UAE Language Translation Devices Market Outlook

10.2.6.2.1.           Market Size & Forecast

10.2.6.2.1.1.               By Value

10.2.6.2.2.           Market Share & Forecast

10.2.6.2.2.1.               By Product Type Market Share Analysis

10.2.6.2.2.2.               By Type Market Share Analysis

10.2.6.2.2.3.               By Operating Type Market Share Analysis

10.2.6.2.2.4.               By End User Market Share Analysis

10.2.6.2.2.5.               By Distribution Channel Market Share Analysis

10.2.6.3.      South Africa Language Translation Devices Market Outlook

10.2.6.3.1.           Market Size & Forecast

10.2.6.3.1.1.               By Value

10.2.6.3.2.           Market Share & Forecast

10.2.6.3.2.1.               By Product Type Market Share Analysis

10.2.6.3.2.2.               By Type Market Share Analysis

10.2.6.3.2.3.               By Operating Type Market Share Analysis

10.2.6.3.2.4.               By End User Market Share Analysis

10.2.6.3.2.5.               By Distribution Channel Market Share Analysis

10.2.6.4.      Turkey Language Translation Devices Market Outlook

10.2.6.4.1.           Market Size & Forecast

10.2.6.4.1.1.               By Value

10.2.6.4.2.           Market Share & Forecast

10.2.6.4.2.1.               By Product Type Market Share Analysis

10.2.6.4.2.2.               By Type Market Share Analysis

10.2.6.4.2.3.               By Operating Type Market Share Analysis

10.2.6.4.2.4.               By End User Market Share Analysis

10.2.6.4.2.5.               By Distribution Channel Market Share Analysis

11.  Market Dynamics

11.1.              Drivers

11.1.1.  Growth in Travel and Tourism Passengers

11.1.2.  Various Features Associated with Language Translation Devices

11.1.3.  Launches of New Product Range

11.2.              Challenges

11.2.1.  Lack of Absolute Accuracy

11.2.2.  Limited Language Range

12.  Impact of COVID-19 on Global Language Translation Devices

12.1.              Impact Assessment Model       

12.1.1.  Key Segments Impacted

12.1.2.  Key Regions Impacted

12.1.3.  Key Countries Impacted

12.1.4.  Key Application Impacted

13.  Market Trends & Developments

13.1.              Availability of Advance Wearable Translation Devices

13.2.              Growing Demand of Connected Devices

13.3.              Increase in Usage of E-Commerce Platforms

13.4.              Rising Demand from Commercial Segments

13.5.              Surging Multi-Language Translator Devices

14.  Porter’s Five Forces Model

14.1.              Competitive Rivalry

14.2.              Bargaining Power of Buyer

14.3.              Bargaining Power of Supplier

14.4.              Threat of New Entrants

14.5.              Threat of Substitutes

15.  SWOT Analysis

15.1.              Strengths

15.2.              Weaknesses

15.3.              Opportunities

15.4.              Threats

16.  Competitive Landscape

16.1.              Company Profiles     

16.1.1.  Vasco Electronics LLC

16.1.1.1.      Company Details

16.1.1.2.      Product & Services

16.1.1.3.      Financials (As Per Availability)

16.1.1.4.      Key Market Focus & Geographical Presence

16.1.1.5.      Recent Developments

16.1.1.6.      Key Management Personnel

16.1.2.  Sourcenext Inc. (Pocketalk)

16.1.2.1.      Company Details

16.1.2.2.      Product & Services

16.1.2.3.      Financials (As Per Availability)

16.1.2.4.      Key Market Focus & Geographical Presence

16.1.2.5.      Recent Developments

16.1.2.6.      Key Management Personnel

16.1.3.  Sourcenext Inc. (Pocketalk)

16.1.3.1.      Company Details

16.1.3.2.      Product & Services

16.1.3.3.      Financials (As Per Availability)

16.1.3.4.      Key Market Focus & Geographical Presence

16.1.3.5.      Recent Developments

16.1.3.6.      Key Management Personnel

16.1.4.  Waverly Labs Inc., iFLYTEK Co., Ltd.

16.1.4.1.      Company Details

16.1.4.2.      Product & Services

16.1.4.3.      Financials (As Per Availability)

16.1.4.4.      Key Market Focus & Geographical Presence

16.1.4.5.      Recent Developments

16.1.4.6.      Key Management Personnel

16.1.5.  Shenzhen Space Pot Technology Co., Ltd.

16.1.5.1.      Company Details

16.1.5.2.      Product & Services

16.1.5.3.      Financials (As Per Availability)

16.1.5.4.      Key Market Focus & Geographical Presence

16.1.5.5.      Recent Developments

16.1.5.6.      Key Management Personnel

16.1.6.  Cheetah Mobile, Inc.

16.1.6.1.      Company Details

16.1.6.2.      Product & Services

16.1.6.3.      Financials (As Per Availability)

16.1.6.4.      Key Market Focus & Geographical Presence

16.1.6.5.      Recent Developments

16.1.6.6.      Key Management Personnel

16.1.7.  Fujitsu Limited

16.1.7.1.      Company Details

16.1.7.2.      Product & Services

16.1.7.3.      Financials (As Per Availability)

16.1.7.4.      Key Market Focus & Geographical Presence

16.1.7.5.      Recent Developments

16.1.7.6.      Key Management Personnel

16.1.8.  Xiaomi Corporation

16.1.8.1.      Company Details

16.1.8.2.      Product & Services

16.1.8.3.      Financials (As Per Availability)

16.1.8.4.      Key Market Focus & Geographical Presence

16.1.8.5.      Recent Developments

16.1.8.6.      Key Management Personnel

16.1.9.  BRAGI GmbH

16.1.9.1.      Company Details

16.1.9.2.      Product & Services

16.1.9.3.      Financials (As Per Availability)

16.1.9.4.      Key Market Focus & Geographical Presence

16.1.9.5.      Recent Developments

16.1.9.6.      Key Management Personnel

16.1.10.                CEH Tech LTD.(Mymanu)

16.1.10.1.    Company Details

16.1.10.2.    Product & Services

16.1.10.3.    Financials (As Per Availability)

16.1.10.4.    Key Market Focus & Geographical Presence

16.1.10.5.    Recent Developments

16.1.10.6.    Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Regions & Countries

17.3.              Target Type

17.4.              Target Material

17.5.               Target Application

18.   About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Increasing trend of travel and tourism activities and growing demand of such devices from corporate sector are the leading factor driving the language translation devices market during the projected period.

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The lack of complete accuracy in translating and the availability of limited languages in offline devices are some of the factors restraining the growth of the market.

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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, Philippines, Taiwan, Thailand, and India.

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Some key players operating in the global language translation devices 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)

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Language Translation Device Market To Be Dominated By Asia Pacific During the Forecast Period

May, 2023

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 p

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