Electronic Dictionary Market

Electronic Dictionary Market Overview (2023 to 2033)

The global electronic dictionary market is anticipated to be valued at USD 5,714.3 million in 2023, forecast to grow at a CAGR of 11.5% to be valued at USD 16,971.3 million from 2023 to 2033. Growth is attributed to the increasing adoption of smart learning concepts. From 2018 to 2022 a CAGR of 10.5% was registered for the electronic dictionary market.

Report Attribute	Key Statistics
Growth Rate (2018 to 2022)	10.5% CAGR
Projected Growth Rate (2023 to 2033)	11.5% CAGR
Expected Market Value (2023)	USD 5,714.3 million
Anticipated Forecast Value (2033)	USD 16,971.3 million

Electronic dictionaries can be found in several forms, including software installed on tablet or desktop computers, mobile apps, web applications, and as a built-in function of E-readers dedicated handheld devices, paid online products, and others.

Electronic dictionary databases, with software dictionaries, are extensive and can contain up to 500,000 headwords and definitions, verb conjugation tables, and a grammar reference section. Bilingual electronic dictionaries and monolingual dictionaries of inflected languages often include an interactive verb conjugator and are capable of word stemming and lemmatization.

Some Prominent Drivers Spearheading Electronic Dictionary Market Growth

An increase in penetration towards the adaptation of smart learning concepts is the major factor driving the growth of the electronic dictionary market. The increasing trend toward outsourcing e-learning is another factor driving the growth of the electronic dictionary market during the forecast period.

The emerging concept of smart learning to promote interactive learning coupled with increasing school initiatives to offer better education & learning infrastructures to students is another factor thriving the growth of the electronic dictionary market in the forthcoming years.

Challenges Faced by the Electronic Dictionary Industry

No market is devoid of challenges and the global electronic dictionary market is no exception. One of the primary factors restraining market growth is the aspect of security.

The use of the electronic dictionary may increase the involvement of mobile phones in education, which may act as distributing agent in the classroom and act as a challenge to the growth of the electronic dictionary market.

Stringent government rules and regulations and school laws related to the usage of smartphones in the classroom can pose a challenge to the growth of the electronic dictionary market in the forecasting period. The rising awareness and promotion amongst children of real physical books may restrain the growth of the electronic dictionary market.

Region-Wise Analysis

North America is emerging as an Opportunistic Electronic Dictionary Market

North America was the largest market for the electronic dictionary market and the trend is expected to continue into the forecast period owing to the rapid digitalization in the education sector in the region.

The technological advancement in the region and continuously increasing demand from the end-users for continuous improvements in the electronic dictionary market are expected to augment the electronic dictionary market. The region is forecast to have a 35% revenue share in 2023.

Europe is Contributing to the Growth of the Electronic Dictionary Market

Europe is likely to dominate the global electronic dictionary market due to fairly mature markets in terms of technology progression and is likely to display a steady growth rate during the forecast period.

Rising inclination towards smart learning is encouraging adoption of the Electronic Dictionary market, due to which, the Europe region is anticipated to showcase a significant growth rate with respect to the electronic dictionary market in forthcoming years.

An increase in the number of key players, and rapid development in the technology infrastructure boost the growth of the market in the region. Europe accounts for a 26% share of the global electronic dictionary market.

Asia Pacific is likely to emerge as an Attractive Electronic Dictionary Market

Increasing adoption of cloud-based services is poised to propel the growth of the electronic dictionary market in the coming years. This growth is primarily attributed to the fact that the majority of the population in China is tech-savvy and engaged in online activities.

Asia Pacific is anticipated to register substantial growth during the forecast period as several leading players are setting up offices in this region in order to increase focus on expanding their business. This offers potential growth opportunities for the electronic dictionary market during the forecast period.

Start-up Scenario

Franklin electronics, iRiver, MSAI (Shenzhen) Technology Co. Ltd, Boeleo, and Vasco electronics, are some of the startup companies operating in the electronic dictionary market.

• Iriver- Iriver offers the D1000 'e-dictionary' for Korea. D1000- this device is quite a bit more than just a dictionary, with it packing a 4.3-inch 480 x 272 touch screen, 8GB or 16GB of storage, built-in WiFi, a DMB TV tuner, 720p video output, and a full range of media player features.
• MSAI (Shenzhen) Technology Co. Ltd - located in Shenzhen city, the biggest modern port and the well-known electronics manufacturing base in China. Its products are being shipped as far as Europe, America, Asia, Australia, as well as South Africa, and the Middle East, over 30 countries and areas in the world. And has cooperated with lots of value suppliers, and provided the OEM service for many noted firms.

Market Competition

Some of the key participants present in the global electronic dictionary market include Casio Computer Co., Ltd., P.T. Freshindo Marketama Corporation (Alfa Link), Canon Electronic Business Machines (H.K.) Co., Ltd., ECTACO, Inc., APKPure, Inventec Besta Co., Ltd., Noah Technology Holding, Merriam-Webster, Incorporated, Vasco Electronics LLC, and Sharp Corporation among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Casio Computer Co., Ltd., P.T. Freshindo Marketama Corporation (Alfa Link), Canon Electronic Business Machines (H.K.) Co., Ltd. account for a considerable market size, and several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

• In January 2020, Ectaco represents a new generation of voice translators and travel technology, the Ectaco iTRAVL 3 mini is the most powerful & robust talking interpreter travel tool to simplify communication. With its unique features, flexibility, and a great capacity for customization, the iTRAVL 3 mini is an indispensable gadget for anyone who encounters people with limited or no English speaking ability.
• In August 2020 - Casio Computer Co., Ltd. announced that a mass production line for the automated assembly of scientific calculators went into operation at the Casio plant in Thailand. Robots were adopted to help assemble the calculator units. In order to further enhance the efficiency, stability, and strength of its production system, Yamagata Casio continued to develop the advanced production technology needed to achieve even greater automation.
• The Pakistan Academy of Letters (PAL) began work on a national-level initiative in November 2022 to compile the first-ever entire electronic dictionary of over 70 Pakistani languages.
• The Linguistic Research Unit (LRU) of the Indian Statistical Institute (ISI), Kolkata, is developing an electronic dictionary for the aboriginal Kheria Sabar speaking society, one of Bengal's most vulnerable and unique tribal populations, for the very first time in February 2023.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 11.5% from 2023 to 2033
Expected Market Value (2023)	USD 5,714.3 million
Anticipated Forecast Value (2033)	USD 16,971.3 million
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Display Type, End User, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa
Key Countries Profiled	United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Profiled	Casio Computer Co. Ltd.; Alfa Link; Canon Electronic Business Machines; ECTACO Inc.; APKPure; Inventec Besta Co. Ltd.; Noah Technology Holding; Merriam-Webster; Vasco Electronics LLC; Sharp Corporation
Customization & Pricing	Available upon Request

Key Segments Profiled in the Electronic Dictionary Industry Survey

Display Type:

• LCD
• Keyboard E
• Stylus Touch Display
• Others

End User:

• School Level
• College Level
• Post Graduate Level
• Professional
• Other End Users

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

Frequently Asked Questions

What is Electronic Dictionary Market Valuation?

The global electronic dictionary market is valued at USD 5,714.3 million in 2023.

What is the Projected CAGR for the Electronic Dictionary Market?

The electronic dictionary market is expected to rise at an 11.5% CAGR through 2023.

What will be the Electronic Dictionary Market’s Valuation by 2033?

The electronic dictionary market size is likely to reach USD 16,971.3 million by 2033.

Which is the Leading Region in the Electronic Dictionary Market?

North America is leading with a 35% revenue share in 2023.

What is Europe’s Share in the Electronic Dictionary Market?

Europe accounts for 26% of shares in the global electronic dictionary market.