About Portable Translator
A portable translator is a pocket-sized device used to convert one language to another. The device is compatible with multiple languages and translates one language to others instantly. The device supports two-way communication and works offline as well as on Wi-Fi. The device also has a 3g/4g sim card slot. The device is very useful for those who don’t understand other languages, especially non-English languages. These devices are very effective when the user traveling abroad. The device is widely used for business, travel, and shopping applications. The emergence of artificial intelligence has propelled the demand for portable translator devices among the globe.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
Analyst at AMA Research estimates that United States, Chinese Players will contribute the maximum growth to Global Portable Translator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Logbar Inc. (Japan), Ectaco (United States), Travis (Denmark), Vasco-electronics (United States), iFLYTECK (China), Lingo (United States) and Weifang safire international trade Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hainan Two Monkeys Technology (Shenzhen) Co. (China) and SourceNext (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Portable Translator market by Type (Wi-Fi, Offline, SIM Card+Wi-Fi and Others), Application (Business, Travel and Shopping) and Region.
On the basis of geography, the market of Portable Translator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Portable Translator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Use of AI to Translate Speech in Real Time
Market Growth Drivers:
The Rising Number of International Tourist, An Increase in Demand for Non-English Languages and Increase in Products and Services from Non-English Countries Reaching Foreign Markets
Challenges:
The Lack of Awareness among the Underdeveloped Countries
Opportunities:
The Technological Advancements in Portable Translator Devices and The Emerging Demand from Developed As Well As Developing Nations
Market Leaders and their expansionary development strategies
On 6 Jan 2019, iFLYTEK, the largest publicly-listed Artificial Intelligence (AI) and intelligent speech and language technologies provider in the Asia-Pacific region, has announced the fully upgraded iFLYTEK Translator 2.0, iFLYREC Series voice-to-text products, AI Note and iFLYOS at CES 2019.
In April 2018, Ectaco, Inc., the global leader in portable language learning and translation technology, has launched a whole new set of the WORLD'S FIRST FREE SPEECH ECTACO Partner LUX 4 PRO electronic voice translators that are now available for the most popular European and Asian languages including Albanian, Arabic, Armenian, Bosnian, Bulgarian, Chinese, among other languages.
Key Target Audience
Portable Translator Devices Manufacturers, Portable Translator Devices Sub Component Manufacturers, Portable Translator Devices Traders/Distributors, Portable Translator Devices Importer/Exporter, Technology Investors, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.