Language Translation Device Global Market Report 2024

Description

Language translation devices are electronic gadgets capable of translating spoken or written language from one language to another in real-time or near-real-time. They facilitate communication between individuals speaking different languages by providing instant translation of conversations, text, or audio.

The primary products in the category of language translation devices include handheld devices and wearable devices. Handheld devices are portable electronic gadgets designed to be held and operated by hand, such as smartphones and tablets. They offer both offline and online translation modes and are distributed through various channels, including online platforms and retail stores. These devices find applications across various sectors, including consumer use, education, healthcare, military and defense, and travel and tourism.

The language translation device market research report is one of a series of new reports from The Business Research Company that provides language translation device market statistics, including language translation device industry global market size, regional shares, competitors with a language translation device market share, detailed language translation device market segments, market trends and opportunities, and any further data you may need to thrive in the language translation device industry. This language translation device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The language translation device market size has grown rapidly in recent years. It will grow from $1.07 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth observed during the historical period can be attributed to several key factors. These include increased globalization, which has heightened the need for effective communication across language barriers. There has also been a growing demand for language access in healthcare settings, where accurate interpretation is crucial for patient care. Similarly, educational settings have seen an increased demand for language interpretation to support diverse student populations. Additionally, there has been a rising demand for accurate and culturally sensitive translations across various industries. Lastly, the popularity of remote work and collaboration tools has contributed to the adoption of language translation devices to facilitate communication among remote teams.

The language translation device market size is expected to see rapid growth in the next few years. It will grow to $X1.74 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The forecasted growth is fueled by the increasing demand for real-time communication, development of wearable translation devices, multilingual customer support needs, simultaneous interpretation services, and accessibility focus. Major trends include cross-border e-commerce expansion, language support in smart devices, translation integration in online gaming, technological advancements, and translation features in social media platforms.

The anticipated increase in international travel is poised to drive the growth of the language translation device market. International travel involves journeying between countries for various purposes such as tourism, business, or personal exploration. This trend is on the rise due to factors like globalization, enhanced transportation infrastructure, and an increasing interest in cultural exploration and business ventures across borders. Language translation devices play a crucial role in facilitating international travel by breaking down language barriers, enabling seamless communication, and enhancing the overall travel experience for individuals from diverse linguistic backgrounds. For instance, data from UN Tourism in September 2022 showed a remarkable 172% increase in international visitor arrivals, nearly quadrupling the figures from 2021 during the same period. Consequently, the surge in international travel is a significant driver propelling the growth of the language translation device market.

Key players in the language translation device market are actively developing innovative products to gain a competitive edge. One notable example is the SmartMic, a real-time translation device deployed in various airports across Turkey and the UK. Turkish Airlines introduced SmartMic in February 2024, providing non-English-speaking travelers with a tool to communicate effectively with staff members. This device allows passengers to speak in their native language, which is then translated into the staff members' first language, facilitating seamless communication. SmartMic supports 52 languages and 72 accents, featuring seven-inch screens for real-time translations to ensure efficient and quick information exchange.

In January 2024, ChapsVision Group bolstered its position in the market by acquiring Systran, a company specializing in machine translation technologies, for an undisclosed amount. This strategic acquisition aimed to enhance ChapsVision's capabilities in data processing, enrich its solutions with real-time translation features, and support global growth initiatives. Integrating Systran's services, which cover 55 languages and 150 dialects, demonstrated ChapsVision's commitment to advancing secure data processing and delivering comprehensive language translation solutions to its customers.

Major companies operating in the language translation device market are Alphabet Inc., Sony Corporation, International Business Machines Corporation (IBM), Xiaomi Corporation, LanguageLine Solutions, Fujitsu Limited, iFLYTEK Corporation, Lionbridge Technologies Inc., Sourcenext Inc., XTM International Ltd., DCI Brands LLC, Tilde Inc., Vasco Electronics LLC, ECTACO Inc., SIGMO Limited, Waverly Health Center, PenPower Inc., Timekettle, Misway Technology Co. Ltd., Mymanu CEH Tech Ltd., Langogo Inc., Birgus GmbH, Cheetah Mobile Inc.

North America was the largest region in the language translation device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the language translation device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the language translation device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The language translation devices market consists of sales of handheld translators, wearable translation devices, and smart earbuds. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Language Translation Device Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on language translation device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
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Where is the largest and fastest growing market for language translation device? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The language translation device market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product: Handheld Devices; Wearable Devices
2) By Mode: Offline Translation; Online Translation
3) By Distribution Channel: Online Platforms; Retail Stores
4) By End-User: Consumer; Education; Healthcare; Military And Defense; Travel And Tourism
Companies Mentioned: Alphabet Inc.; Sony Corporation; International Business Machines Corporation (IBM); Xiaomi Corporation; LanguageLine Solutions
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17777

1. Executive Summary

2. Language Translation Device Market Characteristics

3. Language Translation Device Market Trends And Strategies

4. Language Translation Device Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Language Translation Device Market Size and Growth

5.1. Global Language Translation Device Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Language Translation Device Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Language Translation Device Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Language Translation Device Market Segmentation

6.1. Global Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Handheld Devices
Wearable Devices
6.2. Global Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Offline Translation
Online Translation
6.3. Global Language Translation Device Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online Platforms
Retail Stores
6.4. Global Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumer
Education
Healthcare
Military And Defense
Travel And Tourism

7. Language Translation Device Market Regional And Country Analysis

7.1. Global Language Translation Device Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Language Translation Device Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Language Translation Device Market

8.1. Asia-Pacific Language Translation Device Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Language Translation Device Market

9.1. China Language Translation Device Market Overview
9.2. China Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Language Translation Device Market

10.1. India Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Language Translation Device Market

11.1. Japan Language Translation Device Market Overview
11.2. Japan Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Language Translation Device Market

12.1. Australia Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Language Translation Device Market

13.1. Indonesia Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Language Translation Device Market

14.1. South Korea Language Translation Device Market Overview
14.2. South Korea Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Language Translation Device Market

15.1. Western Europe Language Translation Device Market Overview
15.2. Western Europe Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Language Translation Device Market

16.1. UK Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Language Translation Device Market

17.1. Germany Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Language Translation Device Market

18.1. France Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Language Translation Device Market

19.1. Italy Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Language Translation Device Market

20.1. Spain Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Language Translation Device Market

21.1. Eastern Europe Language Translation Device Market Overview
21.2. Eastern Europe Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Language Translation Device Market

22.1. Russia Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Language Translation Device Market

23.1. North America Language Translation Device Market Overview
23.2. North America Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Language Translation Device Market

24.1. USA Language Translation Device Market Overview
24.2. USA Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Language Translation Device Market

25.1. Canada Language Translation Device Market Overview
25.2. Canada Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Language Translation Device Market

26.1. South America Language Translation Device Market Overview
26.2. South America Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Language Translation Device Market

27.1. Brazil Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Language Translation Device Market

28.1. Middle East Language Translation Device Market Overview
28.2. Middle East Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Language Translation Device Market

29.1. Africa Language Translation Device Market Overview
29.2. Africa Language Translation Device Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Language Translation Device Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Language Translation Device Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Language Translation Device Market Competitive Landscape And Company Profiles

30.1. Language Translation Device Market Competitive Landscape
30.2. Language Translation Device Market Company Profiles
- 30.2.1. Alphabet Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Sony Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. International Business Machines Corporation (IBM)
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Xiaomi Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. LanguageLine Solutions
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Language Translation Device Market Other Major And Innovative Companies

31.1. Fujitsu Limited
31.2. iFLYTEK Corporation
31.3. Lionbridge Technologies Inc.
31.4. Sourcenext Inc.
31.5. XTM International Ltd.
31.6. DCI Brands LLC
31.7. Tilde Inc.
31.8. Vasco Electronics LLC
31.9. ECTACO Inc.
31.10. SIGMO Limited
31.11. Waverly Health Center
31.12. PenPower Inc.
31.13. Timekettle
31.14. Misway Technology Co. Ltd.
31.15. Mymanu CEH Tech Ltd.

32. Global Language Translation Device Market Competitive Benchmarking

33. Global Language Translation Device Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Language Translation Device Market

35. Language Translation Device Market Future Outlook and Potential Analysis

35.1 Language Translation Device Market In 2028 - Countries Offering Most New Opportunities
35.2 Language Translation Device Market In 2028 - Segments Offering Most New Opportunities
35.3 Language Translation Device Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer