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Know About Translation Machine Market

The translation machine is a hardware product integrating speech recognition and translation. It is divided into screened and screen less translation machines. In the retail channel, the main target user groups include business travelers, foreign traders, and technology enthusiasts, etc.

Translator Driver

1. Outbound tourism has made the translation machine market very hot

China's outbound tourism boom continues to be driven by rising incomes and upgrading tourism consumption, as well as the convenience of visa, exchange rate and flights. In 2014, the number of outbound tourists in China exceeded 100 million. In the first half of 2018, the number of outbound tourists from Chinese citizens was 71.31 million, an increase of 15.0% over the same period of the previous year. Foreign language communication becomes the biggest bottleneck in outbound tourism, which drives tourists' demand for intelligent translation machines.

Data Sources: China business industry research institute large database

2. International exchange and cooperation stimulate the demand for translation

On December 11, 2001, China officially joined the World Trade Organization. Since then, China's exchanges and cooperation with the world have increased, and the total volume of China's imports and exports has increased substantially. In 2017, the total import and export of goods nationwide was 2,799.2 billion yuan, an increase of 14.2% over the previous year. Among them, the export was 1,533.1 billion yuan and the import was 1,24,602 billion yuan. With the acceleration of economic globalization, people in all regions of the world are becoming more and more connected, and translation tools have become an urgent need for people to learn and communicate.

3. Education just needs to promote the development of the translation machine industry

In the learning career, English learning time is long, and the test pressure is high. Compared with the English e-learning machine, the translation machine is more intelligent and the learning is more convenient and quick. Most translators speak English can reach cet-6 level of spoken English and can make the best use of them in various scenarios, saying goodbye to dumb English. In addition, the first time in a foreign country is unfamiliar, language is not fluent, basic travel and shopping, making friends are affected, the translation machine can help international students through the most difficult period.

4. Artificial intelligence provides technical support for translation machines

In recent years, due to the rise of deep learning neural networks, the automatic speech recognition, machine translation, and speech synthesis technologies have been greatly improved in quality. Image recognition technology has also made a big breakthrough. The old product of the translation machine is also artificial. Has gained new life with the injection of artificial intelligence related technologies.

Translation machine market size

It is reported that the number of outbound travel and group travel accounts for about 70% of the total number of outbound travel, but the free travel of outbound travel will be the future trend, so the number of free-travel users who purchase translation machines will increase, and the market size is expected to reach 34 million in three to five years. China's translation machine market will grow from 39.6 billion in 2016 to 56.1 billion in 2020.


Data Sources: China business industry research institute large database



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