Language Translation Devices Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032, 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
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationLanguage Translation Devices Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032, 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
| 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 found at 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.
Download Free Sample Report
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 engineGoogle, 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 IDcard-style language translation device, a wearable device which can be worn asa card by the person, identifies pauses in discussions, and automaticallytranslates conversation content. This language translation technology isintended for use in the medical industry, where there is an increasing need tocommunicate with foreign patients.
- In 2022, Peiko Generation Two WirelessTranslator Earbuds, was launched which are connected to users’ phone andoperate through application, capable for recording and translating up to 50different languages. This device also supports group translation through app inwhich users select the group translation and translation will play in a groupwith the chose language.
- In 2021, Pocketalk released a HIPAA-complianthandheld translator for use in medical settings. The technology was developedto enable patients to connect directly with healthcare professionals in theiroriginal 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) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy