Language Translating Devices Market - Global Outlook and Forecast 2019-2024

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67 tables

82 charts

5 region

11 countries

16 company

4 segments

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LANGUAGE TRANSLATING DEVICES MARKET SIZE TO CROSS USD 191 MILLION BY 2024, GROWING AT A CAGR OF 13% DURING THE FORECAST PERIOD

Language Translating Devices Market Size, Share, & Trends Analysis Report by Product (Handheld and Wearable), Platforms (Offline and Online), Distribution Channel (E-Commerce and Retail), and Geography (APAC, Europe, Middle East & Africa, North America, and Latin America), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2024
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GLOBAL LANGUAGE TRANSLATING DEVICES MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (REVENUE)USD 191 BILLION (2024)
MARKET SIZE (UNIT SHIPMENT)2000 THOUSAND UNITS (2024)
CAGR13% (2019-2024)
Base Year2018
Forecast Year2019–2024
Market SegmentsProduct (Handheld and Wearable), Platforms (Offline and Online), Distribution Channel (E-Commerce and Retail)
Countries CoveredUS, Canada, France, Germany, Nordics, Japan, China, South Korea, Mexico, Brazil, and UAE
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INDUSTRY INSIGHTS

The merger of Artificial Intelligence and Machine Learning technology with language translating devices is significantly growing across the world

The language translating devices market size to cross USD 191 million by 2024, growing at a CAGR of 13% during the forecast period. A high degree of innovation in the consumer electronics segment has led to the emergence of smart wearables. Technically advanced wearables offer multiple features such as language translation options, steps tracker, basic biometrics, music streaming, and call answering facilities. The growth in travel and tourism activities, including vacations, leisure travel, is increasing the demand for high-quality language translating devices worldwide. However, growing medical tourism across borders is one of the major factors responsible for the significant growth of the market. The market dynamics in the medical tourism segment has affected language device manufacturers in terms of product offerings and has also created new opportunities for global as well as local companies, thereby driving the language translating devices market.

Also, the merger of AI (Artificial intelligence) and machine learning technology with language translating devices is significantly growing across the world. Investments in AI and machine learning and robotics are expected to increase significantly by 2024

In North America and Europe, 80% of the potential customers are using online platforms to buy translation devices as they provide a wide platform to compare product pricing and features. For instance, Fujitsu, introduced a wearable device such as an ID card that houses multiple microphones to capture the voice of the patient and the hospital staff. The device is connected to the network, and the translation is performed on the server in real-time. Hence, the emergence of innovative technology in these devices is having a profound effect on product designs, development, manufacturing, marketing, sales, and the aftersales market. All these inclusions are offering seamless and customized consumer experience. 

MARKET DYNAMICS

Medical tourists seeking healthcare services are expected to rise by 20% YoY in the coming years worldwide

The language translating devices market is undergoing tremendous technological transformations, which are accelerating sales of language devices across the world. The availability of real-time language translation capabilities, increased investments on AI and IoT (internet of things), and growth in medical tourism has helped the market to increase revenues significantly.

Further, consumer electronics and household appliances are becoming digitized with the rise in internet penetration. The incorporation of IoT provides enhanced product usage mapping, which can provide insights regarding the prospects and potential of marketing complementing products. Hence, vendors are using IoT to streamline manufacturing processes and deliver a personalized experience.

However, the growing medical tourism sector is a major driver for increased demand for speech translation devices. Over 24 million medical tourists traveled across the globe to seek several healthcare services in 2018, which is expected to rise by 20% annually in the coming years. Hence, the increased number of medical tours is expected to increase the demand for language translating devices worldwide.

LANGUAGE TRANSLATING DEVICES MARKET SEGMENTATION

This research report includes detailed segmentation by

  • Product
  • Platform
  • Distribution Channel
  • Geography

INSIGHTS BY PRODUCT

The language translating devices market by product can be segmented into handheld and wearables. The handheld devices segment has captured around one-third of the market and is expected to grow at a CAGR of around 12% during the forecast period. The growing medical tourism has supported the growth of handheld devices across borders and in non-native language speaking countries, thereby directly influencing the language translation devices market. Hence, the market dynamics in the medical tourism segment is affecting manufacturers in terms of product offerings and customer services. AMEA is the fastest-growing region in the global medical tourism market due to a large influx of patients from the US and Western European countries seeking economical healthcare and treatment. 

Countries such as Singapore, India, Saudi Arabia, the UAE, India, Jordan, South Korea, Malaysia, and Thailand are the major destinations for medical tourism in the region. The presence of world-class private hospitals, the availability of skilled healthcare professionals, and the affordable healthcare services have strengthened AMEA’sposition, particularly India, as a preferred destination for medical tourism.

Wearables language translating devices are designed to be worn. They are available in two formats- worn in the ear and mono headset (on the wrist as a smartwatch). They consist of multiple features such as sound transparency, ambient noise control, speech elevation, augmented hearing functionality, and real-time language translation. Also, the rising development in the field of IoT and AI is strengthening the infrastructure for wearables. Some of the leading vendors of handheld devices were incorporating RBMT and SMT for language translation and collaborated with language translating software solutions such as iTranslate or Microsoft Translate to provide real-time language translation, which is providing momentum to the language translating devices market.

INSIGHTS BY PLATFORM

The language translating devices market by platforms can be segmented into online and offline devices. The online devices segment gained traction in 2018 and is expected to grow at a CAGR of 14% during the forecast period. Based on the type of connection platform, there are two variants available in the market - internet connection and mobile connection. Besides, factors such as the existence of several language translating application providers are aiding the language translating devices market. Further, APAC is leading the market due to the growing outbound travel in China and South-east Asia, which is boosting the sale of these devices in the region. For instance, Fujitsu introduced a wearable language translation device for the hospital staff, which can translate into English, Chinese, and Japanese among other, enabling the hospital staff and foreign patients to engage in real-time two-way communication.

Offline language translating devices use inbuilt software and AI for speech recognition and translation. These devices do not require an internet connection to translate the language from the source language to the target language. Further, Europe is the leading market for offline language translating devices, and it is expected to grow at a CAGR of around 8% during the forecast period.

INSIGHTS BY DISTRIBUTION CHANNEL 

The language translating devices market by distribution channel can be segmented into e-commerce and retail. The e-commerce segment grew gradually and reached around $68 million in 2018. The growth of online sale can be attributed to a broader range of product options than retail stores. It provides ease-of-accessibility and convenience while making the purchase. Also, prices offered on the internet are lower than retail stores because of the discounts provided by vendors to promote the products. The online channel also offers bundled services at a low price. It enables consumers to share their feedback.

The retail sector is another important distribution channel and is expected to grow at a CAGR of around 14% during the forecast period. The rise of global and outbound travelers to various destinations of different languages has boosted the sale of language translating devices through retail stores such as electronic stores and supermarkets worldwide.

INSIGHTS BY GEOGRAPHY

The language translating devices market by geography can be segmented into APAC, Europe, MEA, North America. APAC was leading the region and reached around $35 million in 2018. Due to a strong investment in healthcare infrastructure and the unprecedented growth of medical tourism, especially in countries such as China, Japan, the Philippines, Taiwan, Thailand, and India, the region holds high potential for market growth. Also, the steep rise in the number of outbound global travelers with foreign languages as well as an increasing trend of traveling is driving the market in the APAC region.

Europe is the second largest market and is expected to continue its position in the global market during the forecast period. The increase in per capita disposable income among consumers and the favorable retail environment are the major factor driving the market in the region.

North America is the third largest market. The end-users from the region are increasingly opting for getaways and non-business travel. Hence, opportunities for smart and easy to use language translating devices are bright in the region.

Due to the intensified competition, private hospitals in AMEA are upgrading healthcare facilities. It is boosting medical tourism and increasing demand for language translating devices in the region. For instance, Mayo Clinic partnered with Raffles Medical Group in Singapore. Cleveland Clinic established its hospital in Abu Dhabi. John Hopkins established their hospital in Singapore and Anadolu Medical Center in Turkey. Also, the increasing popularity and awareness regarding wearable and handheld language translating devices in Latin America has driven the language translating devices market worldwide.

KEY VENDOR ANALYSIS

The language translating devices market has a limited number of global players. The market is highly competitive in terms of technological innovations and price differentiation. The high competition is expected to decrease the price of language translating products during the forecast period. Vendors are investing in R&D to improve the quality, quantity, technology, services, and price of translation devices. Further, the existing global players are increasing their investment to ensure continuous customer-centric product innovation, which is likely to drive the language translating devices market in the coming years. Prominent Vendors in the Language Translating Devices Market are Bragi, Waverly Labs, Mymanu, Fujitsu, Logbar, Timekettle, Misway, Travis, Lingmo, Xiaomi, iFLYTEK, Cheetah Mobile, Two Monkeys Technology, Sogou.

The global language translating devices market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Products

  • Handheld
  • Wearable

By Platforms

  • Offline
  • Online

By Distribution channel

  • E-commerce
  • Retail

By Geography

  • APAC
    • China
    • South Korea
    • Japan
  • Europe
    • Germany
    • Nordics
    • France
  • Middle East & Africa
    • UAE
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico

Frequently Asked Questions

What is the language translating devices market size and growth rate during the forecast period?

The language translating devices market is likely to reach around $191 million by 2024, growing at a CAGR of approximately 13% during 2018–2024.

What are the factors influencing the global language translating devices market growth?

The growth in travel and tourism activities, including vacations, leisure travel, is increasing the demand for high-quality devices worldwide. However, increasing medical tourism across borders is one of the major factors responsible for the significant growth of language translating devices.

Who are the key players?

Prominent Vendors in the Language Translating Devices Market are Bragi, Waverly Labs, Mymanu, Fujitsu, Logbar, Timekettle, Misway, Travis, Lingmo, Xiaomi, iFLYTEK, Cheetah Mobile, Two Monkeys Technology, Sogou.

Which segment is generating highest revenue?

The handheld devices segment has captured around one-third of the market and is expected to grow at a CAGR of around 12% during the forecast period.

The language translating devices market is likely to reach around $191 million by 2024, growing at a CAGR of approximately 13% during 2018–2024.

The growth in travel and tourism activities, including vacations, leisure travel, is increasing the demand for high-quality devices worldwide. However, increasing medical tourism across borders is one of the major factors responsible for the significant growth of language translating devices.

 Base Year:        2018

Forecast Year:   2019–2024

The study considers the present scenario of the language translating devices market and its market dynamics for the period 2019−2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the language translating devices market.

Prominent Vendors in the Language Translating Devices Market

  • Bragi
    • Business Overview
    • Product Offerings
  • Waverly Labs
  • Mymanu
  • Fujitsu
  • Logbar
  • Timekettle
  • Misway
  • Travis
  • Lingmo
  • Xiaomi
  • iFLYTEK
  • Cheetah Mobile
  • Two Monkeys Technology
  • Sogou

 Upcoming Vendors

  • TRAGL
  • One Mini

Market Segmentation by Products

  • Handheld
  • Wearable

Market Segmentation by Platforms

  • Offline
  • Online

Market Segmentation by Distribution channel

  • E-commerce
  • Retail

Market Segmentation by Geography

  • APAC
    • China
    • South Korea
    • Japan
  • Europe
    • Germany
    • Nordics
    • France
  • MEA
    • UAE
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico

List of Exhibits 

Exhibit 1               Segmentation of Global Language Translating Devices Market

Exhibit 2               Market Size Calculation Approach 2018

Exhibit 3               Major Languages Supported by Translating Devices

Exhibit 4               AI Updates in Leading Regions 2017–2018

Exhibit 5               Major Factors to Define Global Economic Development

Exhibit 6               Average Global GDP Growth 2015−2018 (annual % change)

Exhibit 7               Impact of Rising International Travel & Tourism

Exhibit 8               Share & Impact of Travel & Tourism 2018

Exhibit 9               Need to Language Translation Devices for Travellers

Exhibit 10             Impact of Rising Medical Tourism Driving Demand for Speech Translation

Exhibit 11             Flow of Medical Tourists and English as a Central Language

Exhibit 12             Impact of Internet Influencing Purchase Decisions

Exhibit 13             Impact of Inaccurate Translations & Lag in Speech Processing

Exhibit 14             Impact of Stigma of Wearing Facial Gadgets Hindering Growth of Wearables

Exhibit 15             Impact of Challenges of Counterfeit and Low-quality Products

Exhibit 16             Impact of Increasing Portfolio of Services Offered by Wearable Devices

Exhibit 17             Impact of Real-time Language Translation Capabilities

Exhibit 18             Impact of Increasing Investments in AI and IoT

Exhibit 19             Global Language Translating Devices Market 2018−2024 ($ million)

Exhibit 20             Global Language Translating Devices Market 2018−2024 (Thousand Units)

Exhibit 21             Global Language Translating Devices Market ASP 2018−2024 ($)

Exhibit 22             Five Forces Analysis 2018

Exhibit 23             Incremental Growth by Product Type 2018−2024

Exhibit 24             Global Language Translating Devices Market by Product Type: Overview ($ million, % market share)

Exhibit 25             Global Market by Product Type 2018 & 2024 (revenue share %)

Exhibit 26             Global Handheld Language Translating Devices Market 2018−2024 ($ million)

Exhibit 27             Geographical Overview of Market Share of Handheld Device 2018 to 2048 (% change)

Exhibit 28             Global Wearable Language Translating Devices Market 2018−2024 ($ million)

Exhibit 29             Geographical Overview of Market Share of Wearable Device 2018 to 2024 (% change)

Exhibit 30             Incremental Growth by Platform 2018−2024

Exhibit 31             Global Language Translating Devices Market by Platform Type: Overview ($ million, % market share)

Exhibit 32             Global Market by Platform Type 2018 & 2024 (revenue share %)

Exhibit 33             Global Online Language Translating Devices Market 2018−2024 ($ million)

Exhibit 34             Geographical Overview of Market Share of Online Device 2018 to 2048 (% change)

Exhibit 35             Global Offline Language Translating Devices Market 2018−2024 ($ million)

Exhibit 36             Geographical Overview of Market Share of Offline Device 2018 to 2048 (% change)

Exhibit 37             Incremental Growth by Distribution Channel 2018-2024

Exhibit 38             Global Language Translating Devices Market by Distribution Channel: Overview

Exhibit 39             Analysis of Distribution Channels 2018–2024 (% market share)

Exhibit 40             Global E-commerce Language Translating Devices Market 2018–2024 ($ million)

Exhibit 41             Global Retail Language Translating Devices Market 2018 – 2024 ($ million)

Exhibit 42             Incremental Growth by Geography 2018–2024

Exhibit 43             Market Share Overview of Geographies 2018 (Revenue)

Exhibit 44             Global Language Translation Devices Market Geographical Overview

Exhibit 45             Language Translating Devices Market in APAC 2018–2024 ($ million)

Exhibit 46             Market in APAC 2018–2024 (Thousand Units)

Exhibit 47             Segmental Overview Language Translating Devices in APAC

Exhibit 48             ASP in APAC 2018–2024 ($)

Exhibit 49             Incremental Growth in APAC 2018–2024

Exhibit 50             Market in China 2018–2024 ($ million)

Exhibit 51             Market in Japan 2018–2024 ($ million)

Exhibit 52             Market in South Korea 2018–2024 ($ million)

Exhibit 53             Language Translating Devices Market in Europe 2018–2024 ($ million)

Exhibit 54             Market in Europe 2018–2024 (Thousand Units)

Exhibit 55             Segmental Overview Language Translating Devices in Europe

Exhibit 56             ASP in Europe 2018–2024 ($)

Exhibit 57             Incremental Growth in Europe 2018–2024

Exhibit 58             Market in Germany 2018–2024 ($ million)

Exhibit 59             Market in France 2018–2024 ($ million)

Exhibit 60             Market in Nordics 2018–2024 ($ million)

Exhibit 61             Global Average of Top 5 Countries with Highest Outbound Travel 2018

Exhibit 62             Language Translating Devices Market in North America 2018–2024 ($ million)

Exhibit 63             Market in North America 2018–2024 (thousand units)

Exhibit 64             Segmental Overview Language Translating Devices in North America

Exhibit 65             ASP in North America 2018–2024 ($)

Exhibit 66             Incremental Growth in North America 2018–2024

Exhibit 67             Market in US 2018–2024 ($ million)

Exhibit 68             Market in Canada 2018–2024 ($ million)

Exhibit 69             Language Translating Devices Market in MEA 2018–2024 ($ million)

Exhibit 70             MEA Countries with Arabic as Primary Language

Exhibit 71             Market in MEA 2018–2024 (thousand units)

Exhibit 72             Segmental Overview Language Translating Devices in MEA

Exhibit 73             Market in MEA 2018–2024 ASP ($)

Exhibit 74             Incremental Growth in MEA 2018–2024

Exhibit 75             Market in UAE 2018–2024 ($ million)

Exhibit 76             Language Translating Devices Market in Latin America 2018–2024 ($ million)

Exhibit 77             Segmental Overview Language Translating Devices in Latin America

Exhibit 78             Market in Latin America 2018–2024 (thousand units)

Exhibit 79             ASP in Latin America 2018–2024 ($)

Exhibit 80             Incremental Growth in Latin America 2018–2024

Exhibit 81             Market in Brazil 2018–2024 ($ million)

Exhibit 82             Market in Mexico 2018–2024 ($ million)

               

List of Tables    

Table 1                  Key Caveats

Table 2                  Currency Conversion 2013−2018

Table 3                  Select Treatment Costs in Major Countries 2018 (‘000 $)

Table 4                  Average IoT Expenditure by Various Industries (revenue %)

Table 5                  Select Battery-types by Energy Density

Table 6                  Global Market by Product Type 2018−2024 ($ million)

Table 7                  Global Handheld Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 8                  Global Wearable Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 9                  Global Market by Platform Type 2018−2024 ($ million)

Table 10               Global Online Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 11               Global Offline Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 12               APAC Language Translating Devices Market by Product Type 2018–2024 ($ million)

Table 13               APAC Market by Platform 2018–2024 ($ million)

Table 14               APAC Market by Distribution Channel 2018–2024 ($ million)

Table 15               Everyday Spoken Languages of Select European Countries

Table 16               Europe Language Translating Devices Market by Product Type 2018–2024 ($ million)

Table 17               Europe Market by Platform 2018–2024 ($ million)

Table 18               Europe Market by Distribution Channel 2018–2024 ($ million)

Table 19               North America Language Translating Devices Market by Product Type 2018–2024 ($ million)

Table 20               North America Market by Platform 2018–2024 ($ million)

Table 21               North America Market by Distribution Channel 2018–2024 ($ million)

Table 22               MEA Language Translating Devices Market by Product Type 2018–2024 ($ million)

Table 23               MEA Market by Platform 2018–2024 ($ million)

Table 24               MEA Market by Distribution Channel 2018–2024 ($ million)

Table 25               Latin America Language Translating Devices Market by Product Type 2018–2024 ($ million)

Table 26               Latin America Market by Platform 2018–2024 ($ million)

Table 27               Latin America Market by Distribution Channel 2018–2024 ($ million)

Table 28               Bragi: Key Product Offerings

Table 29               Waverly Labs: Key Product Offerings

Table 30               Mymanu: Key Product Offerings

Table 31               Company: Key Product Offerings

Table 32               Logbar: Key Product Offerings

Table 33               Timekettle: Key Product Offerings

Table 34               Misway Tech: Key Product Offerings

Table 35               Travis: Key Product Offerings

Table 36               Lingmo: Key Product Offerings

Table 37               Xiaomi: Key Product Offerings

Table 38               iFlyTek: Key Product Offerings

Table 39               Cheetah Mobile: Key Product Offerings

Table 40               Two Monkeys Technology: Key Product Offerings

Table 41               Sogou: Key Product Offerings

Table 42               TRAGL: Key Product Offerings

Table 43               One Mini: Key Product Offerings

Table 44               Global Language Translating Devices Market by Geography 2018–2024 ($ million)

Table 45               Global Language Translating Devices Market by Geography 2018–2024 (thousand units)

Table 46               Global Language Translating Devices ASP by Geography 2018–2024 ($)

Table 47               APAC Market by Product Type 2018–2024 ($ million)

Table 48               APAC Market by Platform 2018–2024 ($ million)

Table 49               APAC Market by Distribution Channel 2018–2024 ($ million)

Table 50               Europe Market by Product Type 2018–2024 ($ million)

Table 51               Europe Market by Platform 2018–2024 ($ million)

Table 52               Europe Market by Distribution Channel 2018–2024 ($ million)

Table 53               North America Market by Product Type 2018–2024 ($ million)

Table 54               North America Market by Platform 2018–2024 ($ million)

Table 55               North America Market by Distribution Channel 2018–2024 ($ million)

Table 56               MEA Market by Product Type 2018–2024 ($ million)

Table 57               MEA Market by Platform 2018–2024 ($ million)

Table 58               MEA Market by Distribution Channel 2018–2024 ($ million)

Table 59               Latin America Market by Product Type 2018–2024 ($ million)

Table 60               Latin America Market by Platform 2018–2024 ($ million)

Table 61               Latin America Market by Distribution Channel 2018–2024 ($ million)

Table 62               Global Market by Product Type 2018−2024 ($ million)

Table 63               Wearable Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 64               Handheld Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 65               Global Market by Platform Type 2018−2024 ($ million)

Table 66               Online Language Translating Devices Market by Geography 2018−2024 ($ million)

Table 67               Offline Language Translating Devices Market by Geography 2018−2024 ($ million)

1              Research Methodology

2              Research Objectives

3              Research Process

 

4              Scope & Coverage

4.1          Market Definition

4.1.1      Inclusions

4.1.2      Exclusions

4.2          Base Year

4.3          Scope of the study

4.4          Market Segments

4.4.1      Market Segmentation by Product Type

4.4.2      Market Segmentation by Platform

4.4.3      Market Segmentation by Distribution Channel

4.4.4      Market Segmentation by Geography

 

5              Report Assumptions & Caveats

5.1          Key Caveats

5.2          Currency Conversion

5.3          Market Derivation

 

6              Market at a Glance

7              Introduction

7.1          Overview

7.2          Emerging Adoption Among Businesses Entering New Markets

7.3          Global Economic Improvement to Aid Market Growth

 

8              Market Dynamics

8.1          Market Growth Enablers

8.1.1      Rising International Travel & Tourism

8.1.2      Rising Medical Tourism Driving Demand for Speech Translation

8.1.3      Internet Influencing Purchase Decisions

8.2          Market Growth Restraints

8.2.1      Inaccurate Translations & Lag in Speech Processing

8.2.2      Stigma of Wearing Facial Gadgets Hindering Growth of Wearables

8.2.3      Challenges of Counterfeit and Low-quality Products

8.3          Market Opportunities & Trends

8.3.1      Increasing Portfolio of Services Offered by Wearable Devices

8.3.2      Real-time Language Translation Capabilities

8.3.3      Increasing Investments in AI and IoT

 

9              Global  Language Translating Devices Market Landscape

9.1          Market Size & Forecast

9.2          Five Forces Analysis

9.2.1      Threat of New Entrants

9.2.2      Bargaining Power of Suppliers

9.2.3      Bargaining Power of Buyers

9.2.4      Threat of Substitutes

9.2.5      Competitive Rivalry

 

10           By Product Type

10.1        Market Snapshot & Growth Engine

10.2        Market Overview

10.3        Handheld Devices

10.3.1    Market Size & Forecast

10.3.2    Market Size & Forecast by Geography

10.4        Wearable Devices

10.4.1    Market Size & Forecast

10.4.2    Market Size & Forecast by Geography

 

11           By Platform

11.1        Market Snapshot & Growth Engine

11.2        Market Overview

11.3        Online Devices

11.3.1    Market Size & Forecast

11.3.2    Market Size & Forecast by Geography

11.4        Offline Devices

11.4.1    Market Size & Forecast

11.4.2    Market Size & Forecast by Geography

 

12           By Distribution Channel

12.1        Market Snapshot & Growth Engine

12.2        Overview

12.3        E-commerce

12.4        Retail Stores

 

13           Language Translating Devices Market By Geography

13.1        Market Snapshot & Growth Engine

13.2        Overview

 

14           APAC

14.1        Market Size & Forecast

14.2        Segmentation by Product Type

14.2.1    Market by Product Type

14.3        Segmentation by Platform

14.3.1    Market by Platform

14.4        Segmentation by Distribution Channel

14.4.1    Market by Distribution Channel

14.5        Key Countries

14.5.1    China: Market Size & Forecast

14.5.2    Japan: Market Size & Forecast

14.5.3    South Korea: Market Size & Forecast

 

15           Europe

15.1        Market Size & Forecast

15.2        Segmentation by Product Type

15.2.1    Europe: Market by Product Type

15.3        Segmentation by Platform

15.3.1    Europe: Market by Platform

15.4        Segmentation by Distribution Channel

15.4.1    Market by Distribution Channel

15.5        Key Countries

15.5.1    Germany: Market Size & Forecast

15.5.2    France: Market Size & Forecast

15.5.3    Nordics: Market Size & Forecast

 

16           North America

16.1        Market Size & Forecast

16.2        Segmentation by Product Type

16.2.1    Market by Product Type

16.3        Segmentation by Platform

16.3.1    Market by Platform

16.4        Segmentation by Distribution Channel

16.4.1    Market by Distribution Channel

16.5        Key Countries

16.5.1    US: Market Size & Forecast

16.5.2    Canada: Market Size & Forecast

 

17           Middle-East & Africa

17.1        Market Size & Forecast

17.2        Segmentation by Product Type

17.2.1    Market Size & Forecast by Product Type

17.3        Segmentation by Platform

17.3.1    Market Size & Forecast by Platform

17.4        Segmentation by Distribution Channel

17.4.1    Market by Distribution Channel

17.5        Key Countries

17.5.1    UAE: Market Size & Forecast

 

18           Latin America

18.1        Market Size & Forecast

18.2        Segmentation by Product Type

18.2.1    Market Size & Forecast by Product Type

18.3        Segmentation by Platform

18.3.1    Market Size & Forecast by Platform

18.4        Segmentation by Distribution Channel

18.4.1    Market by Distribution Channel

18.5        Key Countries

18.5.1    Brazil: Market Size & Forecast

18.5.2    Mexico: Market Size & Forecast

 

19           Competitive Landscape

19.1        Competition Overview

 

20           Language Translating Devices Market Vendor Updates

21           Prominent Vendors

21.1        Bragi

21.1.1    Business Overview

21.1.2    Product Offerings

21.2        Waverly Labs

21.2.1    Business Overview

21.2.2    Product Offerings

21.3        Mymanu

21.3.1    Business Overview

21.3.2    Product Offerings

21.4        Fujitsu

21.4.1    Business Overview

21.4.2    Product Offerings

21.5        Logbar

21.5.1    Business Overview

21.5.2    Product Offerings

21.6        Timekettle

21.6.1    Business Overview

21.6.2    Product Offerings

21.7        Misway Tech

21.7.1    Business Overview

21.7.2    Product Offerings

21.8        Travis

21.8.1    Business Overview

21.8.2    Product Offerings

21.9        Lingmo

21.9.1    Business Overview

21.9.2    Product Offerings

21.10     Xiaomi

21.10.1  Business Overview

21.10.2  Product Offerings

21.11     iFLYTEK

21.11.1  Business Overview

21.11.2  Product Offerings

21.12     Cheetah Mobile

21.12.1  Business Overview

21.12.2  Product Offerings

21.13     Two Monkeys Technology

21.13.1  Business Overview

21.13.2  Product Offerings

21.14     Sogou

21.14.1  Business Overview

21.14.2  Product Offerings

 

22           Upcoming Vendors

22.1        TRAGL

22.1.1    Business Overview

22.1.2    Product Offerings

22.2        One Mini

22.2.1    Business Overview

22.2.2    Product Offerings

 

23           Report Summary

23.1        Key Takeaways

23.2        Strategic Recommendations

24           Quantitative Summary

24.1        Global Language Translating Devices Market by Geography (Revenue)

24.2        Global Market by Geography (Units)

24.3        Global Market by Geography (ASP)

24.4        APAC Market

24.4.1    APAC: Market by Product Type

24.4.2    APAC: Market by Platform

24.4.3    APAC: Market by Distribution Channel

24.5        Europe Market

24.5.1    Europe: Market by Product Type

24.5.2    Europe: Market by Platform

24.5.3    Europe: Market by Distribution Channel

24.6        North America Market

24.6.1    North America: Market by Product Type

24.6.2    North America: Market by Platform

24.6.3    North America: Market by Distribution Channel

24.7        MEA Market

24.7.1    MEA: Market by Product Type

24.7.2    MEA: Market by Platform

24.7.3    MEA: Market by Distribution Channel

24.8        Latin America Market

24.8.1    Latin America: Market by Product Type

24.8.2    Latin America: Market by Platform

24.8.3    Latin America Market by Distribution Channel

24.9        Language Translating Devices Market by Product Type

24.9.1    Global Market by Product Type

24.9.2    Wearable Devices Market by Geography

24.9.3    Handheld Devices by Geography

24.10     Language Translating Devices Market by Platform Type

24.10.1  Global Market by Platform Type

24.10.2  Online Devices Market by Geography

24.10.3  Offline Devices by Geography

 

25           Appendix

25.1        Abbreviations

               

 

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Frequently Asked Questions

What is the language translating devices market size and growth rate during the forecast period?

The language translating devices market is likely to reach around $191 million by 2024, growing at a CAGR of approximately 13% during 2018–2024.

What are the factors influencing the global language translating devices market growth?

The growth in travel and tourism activities, including vacations, leisure travel, is increasing the demand for high-quality devices worldwide. However, increasing medical tourism across borders is one of the major factors responsible for the significant growth of language translating devices.

Who are the key players?

Prominent Vendors in the Language Translating Devices Market are Bragi, Waverly Labs, Mymanu, Fujitsu, Logbar, Timekettle, Misway, Travis, Lingmo, Xiaomi, iFLYTEK, Cheetah Mobile, Two Monkeys Technology, Sogou.

Which segment is generating highest revenue?

The handheld devices segment has captured around one-third of the market and is expected to grow at a CAGR of around 12% during the forecast period.