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Global Language Translation Device Market Report By Product (Handheld, Wearable), By Type (Online Translation, Offline Translation), By Distribution Channel (Online Platforms, Retail Stores) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11219449
October 2022
Report Formats: Electronic (PDF), MS EXCEL
The global demand for Language Translation Device Market is presumed to reach the market size of nearly USD 1604.22 MN by 2028 from USD 991.22 MN in 2021 with a CAGR of 12.12% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Language translation devices are used for understanding different languages, and artificial intelligence to identify and maintain the context of the communication. Language translation devices are devices capable of identifying the language spoken by the user that is the source of language. These devices implement statistical machines to translate the source language into the target language. Language translation device also helps in communicating with locals, ask for directions, and understand guides when one travel’s to a different country.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of language translation device. The growth and trends of Language Translation Device Industry provide a holistic approach to this study.
By Product
By Type
By Distribution Channel
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the language translation device market include Sourcenext Inc. (Pocketalk), Jarvisen (iFLYTEK), Cheetah Mobile, Inc., Vasco Electronics LLC, Waverly Labs Inc., and Timekettle. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Language translation devices are used for understanding different languages, and artificial intelligence to identify and maintain the context of the communication. Language translation devices are devices capable of identifying the language spoken by the user that is the source of language. These devices implement statistical machines to translate the source language into the target language. Language translation device also helps in communicating with locals, ask for directions, and understand guides when one travel’s to a different country.
Market Dynamics
The increasing international departures augers well for the language translating devices market as a rising number of travellers are choosing destinations that are away from home and have a different language. Moreover, the language translating devices market is undergoing tremendous technological transformations, accelerating sales of language devices worldwide. Similarly, the increasing popularity of online information searches may increase demand for language translation software and services. Further, the rising medical tourism is one of the main propelling factors for the growth of the target market. However, inaccuracy in translators is one of the main restraints of language translating devices. Besides this, technological advancements and breakthroughs in the smartphone market are expected to grow dramatically in the coming years.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of language translation device. The growth and trends of Language Translation Device Industry provide a holistic approach to this study.
Market Segmentation
This section of the language translation device market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.By Product
- Handheld
- Wearable
By Type
- Online Translation
- Offline Translation
By Distribution Channel
- Online Platforms
- Retail Stores
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Language Translation Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.Global Language Translation Device Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the language translation device market include Sourcenext Inc. (Pocketalk), Jarvisen (iFLYTEK), Cheetah Mobile, Inc., Vasco Electronics LLC, Waverly Labs Inc., and Timekettle. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Frequently Asked Questions (FAQs) about this Report
b. For the year 2021, the global market size for language translation device was valued at USD 991.22 Million.
b. The global language translation device market growth is estimated to be close to 12.12% between 2023 and 2028.
b. In the global language translation device market, Asia Pacific holds the largest market share.
b. The global language translation device market is segmented by Product (Handheld, Wearable), by Type (Online Translation, Offline Translation), by Distribution Channel (Online Platforms, Retail Stores).
b. The leading players in the global language translation device market are Sourcenext Inc. (Pocketalk), Jarvisen (iFLYTEK), Cheetah Mobile Inc., Vasco Electronics LLC, Waverly Labs Inc., and Timekettle.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . LANGUAGE TRANSLATION DEVICE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Distribution Channel
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL LANGUAGE TRANSLATION DEVICE MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 Handheld Historic and Forecast Sales by Regions
6.5 Wearable Historic and Forecast Sales by Regions
7 . GLOBAL LANGUAGE TRANSLATION DEVICE MARKET ANALYSIS BY TYPE
7.1 Overview by Type
7.2 Historical and Forecast Data
7.3 Analysis by Type
7.4 Online Translation Historic and Forecast Sales by Regions
7.5 Offline Translation Historic and Forecast Sales by Regions
8 . GLOBAL LANGUAGE TRANSLATION DEVICE MARKET ANALYSIS BY DISTRIBUTION CHANNEL
8.1 Overview by Distribution Channel
8.2 Historical and Forecast Data
8.3 Analysis by Distribution Channel
8.4 Online Platforms Historic and Forecast Sales by Regions
8.5 Retail Stores Historic and Forecast Sales by Regions
9 . GLOBAL LANGUAGE TRANSLATION DEVICE MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
9.3.1. Overview, Historic and Forecast Data Sales Analysis
9.3.2. North America By Segment Sales Analysis
9.3.3. North America By Country Sales Analysis
9.3.4. United State Sales Analysis
9.3.5. Canada Sales Analysis
9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1. Overview, Historic and Forecast Data Sales Analysis
9.4.2. Europe by Segment Sales Analysis
9.4.3. Europe by Country Sales Analysis
9.4.4. United Kingdom Sales Analysis
9.4.5. France Sales Analysis
9.4.6. Germany Sales Analysis
9.4.7. Italy Sales Analysis
9.4.8. Russia Sales Analysis
9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1. Overview, Historic and Forecast Data Sales Analysis
9.5.2. Asia Pacific by Segment Sales Analysis
9.5.3. Asia Pacific by Country Sales Analysis
9.5.4. China Sales Analysis
9.5.5. India Sales Analysis
9.5.6. Japan Sales Analysis
9.5.7. South Korea Sales Analysis
9.5.8. Australia Sales Analysis
9.5.9. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1. Overview, Historic and Forecast Data Sales Analysis
9.6.2. Latin America by Segment Sales Analysis
9.6.3. Latin America by Country Sales Analysis
9.6.4. Brazil Sales Analysis
9.6.5. Argentina Sales Analysis
9.6.6. Peru Sales Analysis
9.6.7. Chile Sales Analysis
9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1. Overview, Historic and Forecast Data Sales Analysis
9.7.2. Middle East & Africa by Segment Sales Analysis
9.7.3. Middle East & Africa by Country Sales Analysis
9.7.4. Saudi Arabia Sales Analysis
9.7.5. UAE Sales Analysis
9.7.6. Israel Sales Analysis
9.7.7. South Africa Sales Analysis
9.7.8. Rest Of Middle East And Africa Sales Analysis
10 . COMPETITIVE LANDSCAPE OF THE LANGUAGE TRANSLATION DEVICE COMPANIES
10.1. Language Translation Device Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF LANGUAGE TRANSLATION DEVICE INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Sourcenext Inc. (Pocketalk)
11.3.1. Company Overview
11.3.2. Company Revenue
11.3.3. Products
11.3.4. Recent Developments
11.4. Jarvisen (iFLYTEK)
11.4.1. Company Overview
11.4.2. Company Revenue
11.4.3. Products
11.4.4. Recent Developments
11.5. Cheetah Mobile Inc.
11.5.1. Company Overview
11.5.2. Company Revenue
11.5.3. Products
11.5.4. Recent Developments
11.6. Vasco Electronics LLC
11.6.1. Company Overview
11.6.2. Company Revenue
11.6.3. Products
11.6.4. Recent Developments
11.7. Waverly Labs Inc.
11.7.1. Company Overview
11.7.2. Company Revenue
11.7.3. Products
11.7.4. Recent Developments
11.8. Timekettle
11.8.1. Company Overview
11.8.2. Company Revenue
11.8.3. Products
11.8.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product (Units and USD MN)
- Handheld Market Sales by Geography (Units and USD MN)
- Wearable Market Sales by Geography (Units and USD MN)
- Analysis Market by Type (Units and USD MN)
- Online Translation Market Sales by Geography (Units and USD MN)
- Offline Translation Market Sales by Geography (Units and USD MN)
- Analysis by Distribution Channel (Units and USD MN)
- Online Platforms Market Sales by Geography (Units and USD MN)
- Retail Stores Market Sales by Geography (Units and USD MN)
- Global Language Translation Device Market Sales by Geography (Units and USD MN)
- North America Market Analysis (Units and USD MN)
- United State Market Analysis (Units and USD MN)
- Canada Market Analysis (Units and USD MN)
- Mexico Market Analysis (Units and USD MN)
- Europe Market Analysis (Units and USD MN)
- Europe Market Estimate by Country (Units and USD MN)
- United Kingdom Market Analysis (Units and USD MN)
- France Market Analysis (Units and USD MN)
- Germany Market Analysis (Units and USD MN)
- Italy Market Analysis (Units and USD MN)
- Russia Market Analysis (Units and USD MN)
- Spain Market Analysis (Units and USD MN)
- Rest of Europe Market Analysis (Units and USD MN)
- Asia Pacific Market Analysis (Units and USD MN)
- China Market Analysis (Units and USD MN)
- Japan Market Analysis (Units and USD MN)
- India Market Analysis (Units and USD MN)
- South Korea Market Analysis (Units and USD MN)
- Australia Market Analysis (Units and USD MN)
- Rest of Asia Pacific Market Analysis (Units and USD MN)
- Latin America Market Analysis (Units and USD MN)
- Brazil Market Analysis (Units and USD MN)
- Argentina Market Analysis (Units and USD MN)
- Peru Market Analysis (Units and USD MN)
- Chile Market Analysis (Units and USD MN)
- Rest of Latin America Market Analysis (Units and USD MN)
- Middle East & Africa Market Analysis (Units and USD MN)
- Saudi Arabia Market Analysis (Units and USD MN)
- UAE Market Analysis (Units and USD MN)
- Israel Market Analysis (Units and USD MN)
- South Africa Market Analysis (Units and USD MN)
- Rest of Middle East and Africa Market Analysis (Units and USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Language Translation Device Report
- Market Research Process
- Market Research Methodology
- Global Language Translation Device Market Size, by Region (Units and USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Distribution Channel
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product (Units and USD MN)
- Handheld Market Sales by Geography (Units and USD MN)
- Wearable Market Sales by Geography (Units and USD MN)
- Global Market Analysis by Type (Units and USD MN)
- Online Translation Market Sales by Geography (Units and USD MN)
- Offline Translation Market Sales by Geography (Units and USD MN)
- Global Market Analysis by Distribution Channel (Units and USD MN)
- Online Platforms Market Sales by Geography (Units and USD MN)
- Retail Stores Market Sales by Geography (Units and USD MN)
- Global Market Sales (Units and USD MN)
- North America Market Sales (Units and USD MN)
- Europe Market Sales (Units and USD MN)
- Asia Pacific Market Sales (Units and USD MN)
- Latin America Market Sales (Units and USD MN)
- Middle East & Africa Market Sales (Units and USD MN)
- Recent Development in Industry
- Top Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments