Language Translation Device Market Growth Potential & Forecast, 2032

1
Language Translation Device Market Growth
Potential Forecast, 2032
2

• Industry Insights

• The global language translation device market is
  anticipated to observe robust expansion through
  2030 on account of mounting product demand in
  varied applications. Improvements in economic
  stability have increased the disposable income
  per household across the Asia Pacific region.
  Better living conditions have resulted in
  customers spending more on electronic goods, thus
  increasing demand in the region. This has
  motivated manufacturers to develop solutions such
  as voice translator devices to facilitate
  seamless communication with customers in their
  native language.
• To quote an instance, Pocketalk introduced a
  handheld translator compliant with HIPAA in
  August 2021, for use in medical settings. The
  device was designed to enable patients to
  communicate directly with healthcare
  professionals in their native language while
  eliminating translation waiting time.

3

• In terms of product, the market for language
  translation devices is bifurcated into handheld
  devices and wearable devices. The wearable device
  segment is expected to grow at a 14 CAGR over
  the forecasted timeframe. This growth can be
  attributed to the increased adoption of wearable
  devices and growing innovation efforts by
  language translator device producers. With the
  advent of Web3 and metaverse, the usage of these
  devices is set to grow, thus promoting market
  growth.
• Considering the type, the language translation
  devices industry is classified into online
  translation and offline translation. Of these,
  the offline translation segment is anticipated to
  exhibit a CAGR of 10 over the forecast period
  primarily due to the lack of internet
  connectivity across remote areas.

4

• Regional Analysis

Regionally, the industry is segmented into North
America, Europe, Asia Pacific, the Middle East
Africa, and Latin America. The Latin America
market is anticipated to be valued at more than
USD 180 million by 2030. This growth is primarily
driven by a rising need to translate Latin
American languages such as Spanish and Portuguese
for business, tourism, and entertainment purposes.

• Competitive Analysis

• Sourcenext Inc. (Pocketalk), Jarvisen (iFLYTEK),
  Cheetah Mobile, Inc., Vasco Electronics LLC,
  Waverly Labs Inc., and Timekettle

5
Language Translation Device Market _at_
https//www.gminsights.com/industry-analysis/langu
age-translation-device-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/5
306
Request for customization https//www.gminsights.
com/roc/5306
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com