Electronic Dictionary Market Size, Share, Growth, And Industry Analysis by Type (Below 2.8 Inch, Between 3.0-3.5 Inch, Between 4.3-5.2 Inch & Above 5.5 Inch) by Application (Business Use, Educational Purpose, and Personal Use) Regional Forecast To 2031

Electronic Dictionary Market Report Overview

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The global electronic dictionary market size was USD 5.974 billion in 2022 and the market is expected to reach USD 15.568 billion in 2030, exhibiting a Compound annual growth rate (CAGR) of 12.7 % during the forecast period. 

The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.

Students are urged to utilise the electronic dictionary extensively with the goal of improving their reading and writing abilities. This is not the only place where people use electronic gadgets. As an alternative, they may be utilised as a language translation tool that aids in better comprehension of the many meanings of words. Additionally, special needs youngsters utilise this device to treat intellectual disability, as well as certain types of learning problems, and to assist them overcome a variety of facial and behavioral difficulties. By giving the students terms with comparable use contexts or meanings, it facilitates learning for the pupils. Additionally, this is a fantastic approach to encourage student independence. Additionally, this improves the pupils' capacity for learning and their ability to be more autonomous.

The rising need for English language proficiency, a greater vocabulary, and a comprehension of the meaning of a complicated world are the main factors driving a big and broad demand for the market. Because English is becoming more widely recognized and accepted, parents are encouraging their kids to read more of it and develop a robust vocabulary. Additionally, this is boosting competitiveness, which is causing the target market to naturally desire electronic dictionaries in significant quantities throughout a number of the world's key geographic regions. The main reason fueling the growth of the electronic dictionary market  size is a rise in the use of smart learning techniques. Another factor propelling the growth of the electronic dictionary market share during the forecast period is the rising tendency toward outsourcing e-learning. Another factor fostering the growth of the electronic dictionary market in the upcoming years is the emerging idea of smart learning to promote interactive learning in conjunction with increasing school initiatives to provide better education & learning infrastructure to students.

COVID-19 Impact: Faster recovery and adoption from minor supply chain disruptions and drug development could boost market growth

The development of healthcare infrastructure and the common requirements of persons must get top priority due to the daily increase in cases and the severity level taking a toll. The healthcare sector is experiencing significant demand, and the increasing dependency of individuals is giving them a significant need to meet. The usage of electronic dictionary is rising as a result of the limitations and both temporary and permanent lockdowns that prevent students from seeing lessons in progress. Additionally, students are choosing to utilise electronic dictionaries in order to improve their English vocabulary and speaking abilities. Parents are investing in the purchase of these gadgets as well due to the increasing need for pupils who speak English well and fluently. The government and the major market participants are both making investments in R&D to improve these devices and provide them the functionalities that are needed. 

Latest Trends

"Availability Of Electronic Dictionaries in A Range of Forms Could Influence the Dynamics of The Market"

The market has a lot of potential due to the availability of electronic dictionaries in a variety of formats, including handheld devices, mobile applications installed on various smartphones and tablets, CD-ROMs, computer software, e-readers, built-in applications supporting online reading, and DVD-ROMs. In addition to definitions, conjugation tables, grammatical reference sections, antonyms and synonyms translation, language aid, word meanings, and other translation operations, the electronic dictionaries may assist and support the viewing of up to 500,000 headwords. By the conclusion of the worldwide projection period, the electronic dictionary market size is projected to develop at a high pace as a result of all these advantages and benefits. 

Electronic Dictionary Market Segmentation

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• By type

Depending on electronic dictionary market given are types: Below 2.8 Inch, Between 3.0-3.5 Inch, Between 4.3-5.2 Inch & Above 5.5 Inch. The Below 2.8 Inch type will capture the maximum market share through 2030.

• By Application

The market is divided in Business Use, Educational Purpose, Personal Use based on application. The global electronic dictionary market  players in cover segment like business use will dominate the market share during 2022-2030.

Driving Factors

"Rising Demand for Electronic Dictionaries in Foreign Language Markets"

The requirement to be able to communicate in many languages is more crucial than ever due to the globalisation of business and the increase in worldwide travel. Electronic dictionaries that can translate across languages are now in demand as a result of this. One key factor driving the electronic dictionary market growth is the increase in demand for electronic dictionaries in markets for languages other than English. Electronic dictionaries have also become more practical and portable thanks to the rising popularity of portable devices like smartphones and tablet computers, which has increased public interest in them even more. In the upcoming years, it is anticipated that the market for electronic dictionaries will expand as more people become aware of their advantages. Additionally, the industry is projected to grow even more as a result of the creation of new technologies that improve translation's accuracy and usability.

"Electronic Dictionaries' Rising Popularity Is Expected to Fuel Market Expansion"

One of the main factors driving the electronic dictionary market growth is the steadily rising use of electronic dictionaries. Electronic dictionaries come with a broad range of capabilities, including the capacity to hold a sizable number of words, thesauri, and other reference materials, which makes them a desirable choice for customers seeking a complete dictionary solution. These gadgets are particularly tempting to users who are searching for a solution to improve their language abilities due to the availability of a large dictionary at one's fingers. These dictionaries are also useful for travelers who want to have a handy reference book because of how portable they are. Electronic dictionaries are more tempting since they frequently include features like translation capability, audio pronunciations, and real-time updates.

Restraining Factors

"The Security Issue to Limit Commercial Expansion"

The worldwide electronic dictionary market is not an exception; all markets have difficulties. The issue of security is just one of the main things slowing down the electronic dictionary market growth. The usage of electronic dictionaries may boost the use of mobile devices in the classroom, which might pose a threat to the electronic dictionary market growth and serve as a distribution channel. The development of the electronic dictionary market during the projected period may be hampered by strict governmental legislation and school policies relating to the use of smartphones in the classroom. The market for electronic dictionaries may have some development restraints due to children's increasing knowledge of and marketing for genuine, physical books.

Electronic Dictionary Market Regional Insights

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"Asia-Pacific Emerging as an Opportunistic Electronic Dictionary Market Globally "

Since several major companies are opening offices in Asia Pacific to enhance their focus on growing their businesses, the area is expected to have significant growth throughout the projection period. During the projected term, this presents prospective development prospects for the market for electronic dictionaries. The market for electronic dictionaries will rise in the next years as cloud-based services are more adopted. The main reason for this rise is because the majority of people in China are technologically aware and active online. The region's technical development and the steadily rising demand from end users for ongoing advancements in the electronic dictionary market are anticipated to boost the electronic dictionary market share. 

The second-largest electronic dictionary market share for worldwide is held by Europe. Due to relatively developed markets in terms of technological advancement and expected to exhibit a consistent development rate over the projected period, Europe is expected to lead the worldwide electronic dictionary market. Growing interest in smart learning is promoting the use of electronic dictionaries, and as a result, the Europe region is expected to experience considerable expansion in the electronic dictionaries market over the coming years. The number of major companies is rising, and the infrastructure for technology is developing quickly, which helps the industry expand in the area.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP ELECTRONIC DICTIONARY COMPANIES

• Casio (Japan)
• Ectaco (U.S)
• Franklin (U.S)
• Seiko (Japan)
• MEIJIN (China)
• INSTANT DICT (Taiwan)
• Sharp (Japan)
• Noah (U.S)
• OZing (China)
• BBK (China)
• Besta (India)
• KYD (U.S)
• COMET (Switzerland)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.