Selected research
Market Analysis & Forecast
Global Real-time Translation Wearable Devices Market Analysis and Forecast 2026-2032
Market perspective
The global Real-time Translation Wearable Devices market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Real-time Translation Wearable Devices is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Europe market for Real-time Translation Wearable Devices is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Read the full market overview
Asia-Pacific market for Real-time Translation Wearable Devices is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The China market for Real-time Translation Wearable Devices is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The major global manufacturers of Real-time Translation Wearable Devices include TimeKettle, iFlytek, INMO, Meta, Rokid AI, Baidu, MYVU, iTourTranslator and SANAG, etc. In 2025, the world's top three vendors accounted for approximately % of the revenue.
This report presents an overview of global market for Real-time Translation Wearable Devices, sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Real-time Translation Wearable Devices, also provides the sales of main regions and countries. Of the upcoming market potential for Real-time Translation Wearable Devices, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Real-time Translation Wearable Devices sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Real-time Translation Wearable Devices market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Real-time Translation Wearable Devices sales, projected growth trends, production technology, application and end-user industry.
Real-time Translation Wearable Devices Segment by Company
TimeKettle
iFlytek
INMO
Meta
Rokid AI
Baidu
MYVU
iTourTranslator
SANAG
HUAWEI
iKKO
COSONIC
Real-time Translation Wearable Devices Segment by Type
Smart Translation Glasses
Translation Headsets
Real-time Translation Wearable Devices Segment by Application
Travel
Bussiness
Daily Social
Others
Real-time Translation Wearable Devices Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, sales, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Real-time Translation Wearable Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Real-time Translation Wearable Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in sales and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Real-time Translation Wearable Devices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Sales (consumption), revenue of Real-time Translation Wearable Devices in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Real-time Translation Wearable Devices manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Real-time Translation Wearable Devices sales, revenue, price, gross margin, and recent development, etc.
Chapter 8: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 9: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 10: China type, by application, sales, and revenue for each segment.
Chapter 11: Asia (excluding China) type, by application and by region, sales, and revenue for each segment.
Chapter 12: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Smart Translation Glasses
- Translation Headsets
Applications
- Travel
- Bussiness
- Daily Social
- Others
Companies covered
- TimeKettle
- iFlytek
- INMO
- Meta
- Rokid AI
- Baidu
- MYVU
- iTourTranslator
- SANAG
- HUAWEI
- iKKO
- COSONIC
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Real-time Translation Wearable Devices Market by Type
- 1.2.1 Global Real-time Translation Wearable Devices Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Smart Translation Glasses
- 1.2.3 Translation Headsets
- 1.3 Real-time Translation Wearable Devices Market by Application
- 1.3.1 Global Real-time Translation Wearable Devices Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Travel
- 1.3.3 Bussiness
- 1.3.4 Daily Social
- 1.3.5 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Real-time Translation Wearable Devices Market Dynamics
- 2.1 Real-time Translation Wearable Devices Industry Trends
- 2.2 Real-time Translation Wearable Devices Industry Drivers
- 2.3 Real-time Translation Wearable Devices Industry Opportunities and Challenges
- 2.4 Real-time Translation Wearable Devices Industry Restraints
3 Global Market Growth Prospects
- 3.1 Global Real-time Translation Wearable Devices Revenue Estimates and Forecasts (2021-2032)
- 3.2 Global Real-time Translation Wearable Devices Revenue by Region
- 3.2.1 Global Real-time Translation Wearable Devices Revenue by Region: 2021 VS 2025 VS 2032
- 3.2.2 Global Real-time Translation Wearable Devices Revenue by Region (2021-2026)
- 3.2.3 Global Real-time Translation Wearable Devices Revenue by Region (2027-2032)
- 3.2.4 Global Real-time Translation Wearable Devices Revenue Market Share by Region (2021-2032)
- 3.3 Global Real-time Translation Wearable Devices Sales Estimates and Forecasts 2021-2032
- 3.4 Global Real-time Translation Wearable Devices Sales by Region
- 3.4.1 Global Real-time Translation Wearable Devices Sales by Region: 2021 VS 2025 VS 2032
- 3.4.2 Global Real-time Translation Wearable Devices Sales by Region (2021-2026)
- 3.4.3 Global Real-time Translation Wearable Devices Sales by Region (2027-2032)
- 3.4.4 Global Real-time Translation Wearable Devices Sales Market Share by Region (2021-2032)
- 3.5 US & Canada & Mexico
- 3.6 Europe
- 3.7 China
- 3.8 Asia (Excluding China)
- 3.9 South America, Middle East and Africa
4 Market Competitive Landscape by Manufacturers
- 4.1 Global Real-time Translation Wearable Devices Revenue by Manufacturers
- 4.1.1 Global Real-time Translation Wearable Devices Revenue by Manufacturers (2021-2026)
- 4.1.2 Global Real-time Translation Wearable Devices Revenue Market Share by Manufacturers (2021-2026)
- 4.1.3 Global Real-time Translation Wearable Devices Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 4.2 Global Real-time Translation Wearable Devices Sales by Manufacturers
- 4.2.1 Global Real-time Translation Wearable Devices Sales by Manufacturers (2021-2026)
- 4.2.2 Global Real-time Translation Wearable Devices Sales Market Share by Manufacturers (2021-2026)
- 4.2.3 Global Real-time Translation Wearable Devices Manufacturers Sales Share Top 10 and Top 5 in 2025
- 4.3 Global Real-time Translation Wearable Devices Sales Price by Manufacturers (2021-2026)
- 4.4 Global Real-time Translation Wearable Devices Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 4.5 Global Real-time Translation Wearable Devices Key Manufacturers Manufacturing Sites & Headquarters
- 4.6 Global Real-time Translation Wearable Devices Manufacturers, Product Type & Application
- 4.7 Global Real-time Translation Wearable Devices Manufacturers' Establishment Date
- 4.8 Market Competitive Analysis
- 4.8.1 Global Real-time Translation Wearable Devices Market CR5 and HHI
- 4.8.2 2025 Real-time Translation Wearable Devices Tier 1, Tier 2, and Tier 3
5 Real-time Translation Wearable Devices Market by Type
- 5.1 Global Real-time Translation Wearable Devices Revenue by Type
- 5.1.1 Global Real-time Translation Wearable Devices Revenue by Type (2021 VS 2025 VS 2032)
- 5.1.2 Global Real-time Translation Wearable Devices Revenue by Type (2021-2032) & (US$ Million)
- 5.1.3 Global Real-time Translation Wearable Devices Revenue Market Share by Type (2021-2032)
- 5.2 Global Real-time Translation Wearable Devices Sales by Type
- 5.2.1 Global Real-time Translation Wearable Devices Sales by Type (2021 VS 2025 VS 2032)
- 5.2.2 Global Real-time Translation Wearable Devices Sales by Type (2021-2032) & (units)
- 5.2.3 Global Real-time Translation Wearable Devices Sales Market Share by Type (2021-2032)
- 5.3 Global Real-time Translation Wearable Devices Price by Type
6 Real-time Translation Wearable Devices Market by Application
- 6.1 Global Real-time Translation Wearable Devices Revenue by Application
- 6.1.1 Global Real-time Translation Wearable Devices Revenue by Application (2021 VS 2025 VS 2032)
- 6.1.2 Global Real-time Translation Wearable Devices Revenue by Application (2021-2032) & (US$ Million)
- 6.1.3 Global Real-time Translation Wearable Devices Revenue Market Share by Application (2021-2032)
- 6.2 Global Real-time Translation Wearable Devices Sales by Application
- 6.2.1 Global Real-time Translation Wearable Devices Sales by Application (2021 VS 2025 VS 2032)
- 6.2.2 Global Real-time Translation Wearable Devices Sales by Application (2021-2032) & (units)
- 6.2.3 Global Real-time Translation Wearable Devices Sales Market Share by Application (2021-2032)
- 6.3 Global Real-time Translation Wearable Devices Price by Application
7 Company Profiles
- 7.1 TimeKettle
- 7.1.1 TimeKettle Company Information
- 7.1.2 TimeKettle Business Overview
- 7.1.3 TimeKettle Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.1.4 TimeKettle Real-time Translation Wearable Devices Product Portfolio
- 7.1.5 TimeKettle Recent Developments
- 7.2 iFlytek
- 7.2.1 iFlytek Company Information
- 7.2.2 iFlytek Business Overview
- 7.2.3 iFlytek Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.2.4 iFlytek Real-time Translation Wearable Devices Product Portfolio
- 7.2.5 iFlytek Recent Developments
- 7.3 INMO
- 7.3.1 INMO Company Information
- 7.3.2 INMO Business Overview
- 7.3.3 INMO Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.3.4 INMO Real-time Translation Wearable Devices Product Portfolio
- 7.3.5 INMO Recent Developments
- 7.4 Meta
- 7.4.1 Meta Company Information
- 7.4.2 Meta Business Overview
- 7.4.3 Meta Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.4.4 Meta Real-time Translation Wearable Devices Product Portfolio
- 7.4.5 Meta Recent Developments
- 7.5 Rokid AI
- 7.5.1 Rokid AI Company Information
- 7.5.2 Rokid AI Business Overview
- 7.5.3 Rokid AI Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.5.4 Rokid AI Real-time Translation Wearable Devices Product Portfolio
- 7.5.5 Rokid AI Recent Developments
- 7.6 Baidu
- 7.6.1 Baidu Company Information
- 7.6.2 Baidu Business Overview
- 7.6.3 Baidu Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.6.4 Baidu Real-time Translation Wearable Devices Product Portfolio
- 7.6.5 Baidu Recent Developments
- 7.7 MYVU
- 7.7.1 MYVU Company Information
- 7.7.2 MYVU Business Overview
- 7.7.3 MYVU Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.7.4 MYVU Real-time Translation Wearable Devices Product Portfolio
- 7.7.5 MYVU Recent Developments
- 7.8 iTourTranslator
- 7.8.1 iTourTranslator Company Information
- 7.8.2 iTourTranslator Business Overview
- 7.8.3 iTourTranslator Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.8.4 iTourTranslator Real-time Translation Wearable Devices Product Portfolio
- 7.8.5 iTourTranslator Recent Developments
- 7.9 SANAG
- 7.9.1 SANAG Company Information
- 7.9.2 SANAG Business Overview
- 7.9.3 SANAG Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.9.4 SANAG Real-time Translation Wearable Devices Product Portfolio
- 7.9.5 SANAG Recent Developments
- 7.10 HUAWEI
- 7.10.1 HUAWEI Company Information
- 7.10.2 HUAWEI Business Overview
- 7.10.3 HUAWEI Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.10.4 HUAWEI Real-time Translation Wearable Devices Product Portfolio
- 7.10.5 HUAWEI Recent Developments
- 7.11 iKKO
- 7.11.1 iKKO Company Information
- 7.11.2 iKKO Business Overview
- 7.11.3 iKKO Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.11.4 iKKO Real-time Translation Wearable Devices Product Portfolio
- 7.11.5 iKKO Recent Developments
- 7.12 COSONIC
- 7.12.1 COSONIC Company Information
- 7.12.2 COSONIC Business Overview
- 7.12.3 COSONIC Real-time Translation Wearable Devices Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.12.4 COSONIC Real-time Translation Wearable Devices Product Portfolio
- 7.12.5 COSONIC Recent Developments
8 North America
- 8.1 North America Real-time Translation Wearable Devices Market Size by Type
- 8.1.1 North America Real-time Translation Wearable Devices Revenue by Type (2021-2032)
- 8.1.2 North America Real-time Translation Wearable Devices Sales by Type (2021-2032)
- 8.1.3 North America Real-time Translation Wearable Devices Price by Type (2021-2032)
- 8.2 North America Real-time Translation Wearable Devices Market Size by Application
- 8.2.1 North America Real-time Translation Wearable Devices Revenue by Application (2021-2032)
- 8.2.2 North America Real-time Translation Wearable Devices Sales by Application (2021-2032)
- 8.2.3 North America Real-time Translation Wearable Devices Price by Application (2021-2032)
- 8.3 North America Real-time Translation Wearable Devices Market Size by Country
- 8.3.1 North America Real-time Translation Wearable Devices Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 8.3.2 North America Real-time Translation Wearable Devices Sales by Country (2021 VS 2025 VS 2032)
- 8.3.3 North America Real-time Translation Wearable Devices Price by Country (2021-2032)
- 8.3.4 United States
- 8.3.5 Canada
- 8.3.6 Mexico
9 Europe
- 9.1 Europe Real-time Translation Wearable Devices Market Size by Type
- 9.1.1 Europe Real-time Translation Wearable Devices Revenue by Type (2021-2032)
- 9.1.2 Europe Real-time Translation Wearable Devices Sales by Type (2021-2032)
- 9.1.3 Europe Real-time Translation Wearable Devices Price by Type (2021-2032)
- 9.2 Europe Real-time Translation Wearable Devices Market Size by Application
- 9.2.1 Europe Real-time Translation Wearable Devices Revenue by Application (2021-2032)
- 9.2.2 Europe Real-time Translation Wearable Devices Sales by Application (2021-2032)
- 9.2.3 Europe Real-time Translation Wearable Devices Price by Application (2021-2032)
- 9.3 Europe Real-time Translation Wearable Devices Market Size by Country
- 9.3.1 Europe Real-time Translation Wearable Devices Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 Europe Real-time Translation Wearable Devices Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 Europe Real-time Translation Wearable Devices Price by Country (2021-2032)
- 9.3.4 Germany
- 9.3.5 France
- 9.3.6 U.K.
- 9.3.7 Italy
- 9.3.8 Russia
- 9.3.9 Spain
- 9.3.10 Netherlands
10 China
- 10.1 China Real-time Translation Wearable Devices Market Size by Type
- 10.1.1 China Real-time Translation Wearable Devices Revenue by Type (2021-2032)
- 10.1.2 China Real-time Translation Wearable Devices Sales by Type (2021-2032)
- 10.1.3 China Real-time Translation Wearable Devices Price by Type (2021-2032)
- 10.2 China Real-time Translation Wearable Devices Market Size by Application
- 10.2.1 China Real-time Translation Wearable Devices Revenue by Application (2021-2032)
- 10.2.2 China Real-time Translation Wearable Devices Sales by Application (2021-2032)
- 10.2.3 China Real-time Translation Wearable Devices Price by Application (2021-2032)
11 Asia (Excluding China)
- 11.1 Asia Real-time Translation Wearable Devices Market Size by Type
- 11.1.1 Asia Real-time Translation Wearable Devices Revenue by Type (2021-2032)
- 11.1.2 Asia Real-time Translation Wearable Devices Sales by Type (2021-2032)
- 11.1.3 Asia Real-time Translation Wearable Devices Price by Type (2021-2032)
- 11.2 Asia Real-time Translation Wearable Devices Market Size by Application
- 11.2.1 Asia Real-time Translation Wearable Devices Revenue by Application (2021-2032)
- 11.2.2 Asia Real-time Translation Wearable Devices Sales by Application (2021-2032)
- 11.2.3 Asia Real-time Translation Wearable Devices Price by Application (2021-2032)
- 11.3 Asia Real-time Translation Wearable Devices Market Size by Country
- 11.3.1 Asia Real-time Translation Wearable Devices Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 11.3.2 Asia Real-time Translation Wearable Devices Sales by Country (2021 VS 2025 VS 2032)
- 11.3.3 Asia Real-time Translation Wearable Devices Price by Country (2021-2032)
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 India
- 11.3.7 Australia
- 11.3.8 Taiwan
- 11.3.9 Southeast Asia
12 South America, Middle East and Africa
- 12.1 SAMEA Real-time Translation Wearable Devices Market Size by Type
- 12.1.1 SAMEA Real-time Translation Wearable Devices Revenue by Type (2021-2032)
- 12.1.2 SAMEA Real-time Translation Wearable Devices Sales by Type (2021-2032)
- 12.1.3 SAMEA Real-time Translation Wearable Devices Price by Type (2021-2032)
- 12.2 SAMEA Real-time Translation Wearable Devices Market Size by Application
- 12.2.1 SAMEA Real-time Translation Wearable Devices Revenue by Application (2021-2032)
- 12.2.2 SAMEA Real-time Translation Wearable Devices Sales by Application (2021-2032)
- 12.2.3 SAMEA Real-time Translation Wearable Devices Price by Application (2021-2032)
- 12.3 SAMEA Real-time Translation Wearable Devices Market Size by Country
- 12.3.1 SAMEA Real-time Translation Wearable Devices Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 SAMEA Real-time Translation Wearable Devices Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 SAMEA Real-time Translation Wearable Devices Price by Country (2021-2032)
- 12.3.4 Brazil
- 12.3.5 Argentina
- 12.3.6 Chile
- 12.3.7 Colombia
- 12.3.8 Peru
- 12.3.9 Saudi Arabia
- 12.3.10 Israel
- 12.3.11 UAE
- 12.3.12 Turkey
- 12.3.13 Iran
- 12.3.14 Egypt
13 Value Chain and Sales Channels Analysis
- 13.1 Real-time Translation Wearable Devices Value Chain Analysis
- 13.1.1 Real-time Translation Wearable Devices Key Raw Materials
- 13.1.2 Raw Materials Key Suppliers
- 13.1.3 Manufacturing Cost Structure
- 13.1.4 Real-time Translation Wearable Devices Production Mode & Process
- 13.2 Real-time Translation Wearable Devices Sales Channels Analysis
- 13.2.1 Direct Comparison with Distribution Share
- 13.2.2 Real-time Translation Wearable Devices Distributors
- 13.2.3 Real-time Translation Wearable Devices Customers
14 Concluding Insights
15 Appendix
- 15.1 Reasons for Doing This Study
- 15.2 Research Methodology
- 15.3 Research Process
- 15.4 Authors List of This Report
- 15.5 Data Source
- 15.5.1 Secondary Sources
- 15.5.2 Primary Sources
- 15.6 Disclaimer
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