Wearable Translator supports real-time speech conversion. The technology associated with the wearable translator does not depend on any type of internet connection like the old conventional type of translators in which a person has to download the app and then different languages as per the requirement which takes up much of the space from the memory of the cell phone.The wearable translator has a resounding battery life of 24 hours on a single full charge. The device is not connected to any type of internet connection so it does not drain the battery and hence has a good battery life.Global Wearable TranslatorMarket was valued USD XX million in in 2018, the market is expected to grow with the CAGR of XX % in the forecasted period and to reach USD XX million by 2025.
The primary driver for the wearable translator is the need for real-time translation of one language to other to improve end-user experience. Furthermore, a rapid increase in offline memory development to fulfil escalating customer requirements will also contribute to the growth of wearable Translator market. Some other advantages like good battery life, voice activation, more than 50,000 words and phrases offline recognition, updates on different languages, easy switching of languages and many other make it a market going out for.
However, the high cost of the device hampers the market growth as most of the applications on the play store supported by the Android operating system are free to use.The other issue which comes up is that the devices are coming up with less number of languages and the words which generally associate with travelling. The new languages for the devices have to be bought for use.
The major wearable translator vendor is Logbar Inc., who launched its product named ili. There is only one major competitor in the market till date.
The global Wearable Translator market is segmented on the basis of component,end-user and region. On the basis of end userthe Wearable Translator market is classified into travel, tourism, business, retailand others. Based on Component the Wearable Translator market is bifurcated into hardware, software and Services.
Wearable Translator market by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.
Market segmented on the basis of Component:
Market segmented on the basis of end-user:
Market segmented on the basis of region:
- North America
• Rest of Europe
• Rest of Asia-Pacific
- Latin America
• Rest of Latin America
- Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA