Market Overview:
The global simultaneous interpretation equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for simultaneous interpretation equipment in events and accompanying interpretation applications. Additionally, the growing demand for simultaneous interpretation equipment in other applications is also contributing to the growth of the market. However, lack of awareness about simultaneous interpretation equipment among end-users is restraining the growth of this market. North America dominates the global simultaneous interpretation equipment market, followed by Europe and Asia Pacific.
Product Definition:
Simultaneous Interpretation Equipment is a device that helps in the interpretation of one language into another language simultaneously. It is used to provide real-time translation of speeches and other forms of communication between people who speak different languages.
Cable:
Cable is a communication medium that consists of two metal wires, insulated by an insulating layer, that are twisted together to form a closed electrical circuit. Cable can carry signals in both directions; from the transmitting end of the cable to the receiving end and vice versa. The most common types of cables used for data transmission are Ethernet, HDMI, USB and power cables among others.
The global simultaneous interpretation equipment market size was valued at USD 1.6 billion in 2016.
Wireless:
The global wireless and its usage in simultaneous interpretation equipment market is expected to witness significant growth over the forecast period. The growth of this market can be attributed to factors such as increasing globalization, rising demand for mobility, and need for cost-effective solutions.
Application Insights:
The events application segment dominated the global simultaneous interpretation equipment market in 2017. This can be attributed to a rise in number of major events such as sports, political and religious conferences, and others being held across the globe. For instance, according to an article published by The New York Times on January 18th 2018, over 40 million people converged at some 1.5 million gatherings globally during 2016-2017 period. Such large scale gatherings require a large number of interpreters for communication between participants from different countries or cultures which further boosts product demand globally.
The accompanying interpretation application segment is expected to witness significant growth over the forecast period owing to increase in need for professional interpreting services at various medical meetings & conferences worldwide coupled with growing awareness about quality service among organizations hiring such services.
Regional Analysis:
North America dominated the global simultaneous interpretation equipment market in 2017. The presence of major players, increased government funding for accessible language assistance services, and the high number of non-native speakers requiring such services are some factors attributing to its largest share.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing demand for foreign languages in various professional fields and expanding tourism industry. Rapid urbanization has led to an increase in social gatherings, which is further anticipated to boost product demand during the forecast period.
Growth Factors:
- Increasing demand for simultaneous interpretation equipment from the business and corporate sector for effective communication during meetings and conferences.
- Growing popularity of simultaneous interpretation equipment among event planners and organizers to provide better customer experience at events.
- Proliferation of international trade shows, conventions, and other business gatherings that require efficient communication between participants from different linguistic backgrounds.
- Rising number of language training institutes that use simultaneous interpretation equipment to train students in real-time scenarios.
Scope Of The Report
Report Attributes
Report Details
Report Title
Simultaneous Interpretation Equipment Market Research Report
By Type
Cable, Wireless
By Application
Events, Accompanying Interpretation, Other
By Companies
BOSCH, Philips, Enersound, Williams Sound, Listen Tech, Die Brähler ICS Konferenztechnik, Sennheiser electronic GmbH & Co. KG, Sony, Televic, DIS, BOSCH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Simultaneous Interpretation Equipment Market Report Segments:
The global Simultaneous Interpretation Equipment market is segmented on the basis of:
Types
Cable, Wireless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Events, Accompanying Interpretation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BOSCH
- Philips
- Enersound
- Williams Sound
- Listen Tech
- Die Brähler ICS Konferenztechnik
- Sennheiser electronic GmbH & Co. KG
- Sony
- Televic
- DIS
- BOSCH
Highlights of The Simultaneous Interpretation Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cable
- Wireless
- By Application:
- Events
- Accompanying Interpretation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Simultaneous Interpretation Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Simultaneous interpretation equipment is a device that allows interpreters to work together to provide simultaneous interpretation. This type of equipment can be used in a variety of settings, including courtrooms, meetings, and other events.
Some of the major companies in the simultaneous interpretation equipment market are BOSCH, Philips, Enersound, Williams Sound, Listen Tech, Die Br¤hler ICS Konferenztechnik, Sennheiser electronic GmbH & Co. KG, Sony, Televic, DIS, BOSCH.
The simultaneous interpretation equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Simultaneous Interpretation Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Simultaneous Interpretation Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Simultaneous Interpretation Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Simultaneous Interpretation Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Simultaneous Interpretation Equipment Market Size & Forecast, 2018-2028
4.5.1 Simultaneous Interpretation Equipment Market Size and Y-o-Y Growth
4.5.2 Simultaneous Interpretation Equipment Market Absolute $ Opportunity
Chapter 5 Global Simultaneous Interpretation Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Simultaneous Interpretation Equipment Market Size Forecast by Type
5.2.1 Cable
5.2.2 Wireless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Simultaneous Interpretation Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Simultaneous Interpretation Equipment Market Size Forecast by Applications
6.2.1 Events
6.2.2 Accompanying Interpretation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Simultaneous Interpretation Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Simultaneous Interpretation Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Simultaneous Interpretation Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Simultaneous Interpretation Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Simultaneous Interpretation Equipment Market Size Forecast by Type
9.6.1 Cable
9.6.2 Wireless
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Simultaneous Interpretation Equipment Market Size Forecast by Applications
9.10.1 Events
9.10.2 Accompanying Interpretation
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Simultaneous Interpretation Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Simultaneous Interpretation Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Simultaneous Interpretation Equipment Market Size Forecast by Type
10.6.1 Cable
10.6.2 Wireless
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Simultaneous Interpretation Equipment Market Size Forecast by Applications
10.10.1 Events
10.10.2 Accompanying Interpretation
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Simultaneous Interpretation Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Simultaneous Interpretation Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Simultaneous Interpretation Equipment Market Size Forecast by Type
11.6.1 Cable
11.6.2 Wireless
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Simultaneous Interpretation Equipment Market Size Forecast by Applications
11.10.1 Events
11.10.2 Accompanying Interpretation
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Simultaneous Interpretation Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Simultaneous Interpretation Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Simultaneous Interpretation Equipment Market Size Forecast by Type
12.6.1 Cable
12.6.2 Wireless
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Simultaneous Interpretation Equipment Market Size Forecast by Applications
12.10.1 Events
12.10.2 Accompanying Interpretation
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Simultaneous Interpretation Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Simultaneous Interpretation Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Simultaneous Interpretation Equipment Market Size Forecast by Type
13.6.1 Cable
13.6.2 Wireless
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Simultaneous Interpretation Equipment Market Size Forecast by Applications
13.10.1 Events
13.10.2 Accompanying Interpretation
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Simultaneous Interpretation Equipment Market: Competitive Dashboard
14.2 Global Simultaneous Interpretation Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BOSCH
14.3.2 Philips
14.3.3 Enersound
14.3.4 Williams Sound
14.3.5 Listen Tech
14.3.6 Die Brähler ICS Konferenztechnik
14.3.7 Sennheiser electronic GmbH & Co. KG
14.3.8 Sony
14.3.9 Televic
14.3.10 DIS
14.3.11 BOSCH
