Global Digital Pen Market: Market Segments: By Platform Type (Android, iOS, and Windows); By Technology (Active Digital Pen, Camera Digital Pen, Accelerometer Digital Pen, Trackball Digital Pen, and Others); By End-User (BFSI, Healthcare, Manufacturing, Government, IT & Telecom, and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Combination with various devices such as mobile phones, tablets, and digital paper, the digital pen helps users to capture handwritten details and draw digitally. The key components include the Bluetooth transceiver, the ink cartridge & force sensor, and the image processor. It is a particular type of pen that is used primarily in digital writing. The digital pen is referred to as an electronic pen and this pen is paired with an inbuilt scanner that helps capture notes.
Global Digital Pen Market is expected to project a notable CAGR of XX.X% in 2030.
Global Digital Pen Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Major factors expected to propel growth of the target market during the forecast period.
Global Digital Pen Market: Segments
Windows Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Digital Pen Market is segmented by platform type into android, iOS, and windows. The greater market share in 2019 was accounted for by the android segment and is expected to see the highest growth during the forecast period. Due to the growing acceptance of e-learning sites and apps by students of all ages, the product is gaining significant traction around the world. In contrast to the traditional offline education medium, e-educators have strived to provide education through the online medium, thereby offering students more convenience.
Global Digital Pen Market: Market Dynamics
Rise in Adoption of Business Process Automation
The growing need to digitize companies is expected to have a positive effect on market growth in different sectors, including banking, healthcare, education, and retail. It has been shown that digitization increases efficiency and helps to gain an advantage over rivals.
High operational costs
The high cost of these pens is one of the major factors limiting the growth of the digital pen industry. Due to the implementation of multiple functions, which involves comprehensive hardware integration, most of these pens available on the market are expensive. The middle class and the lower class find it difficult to afford them due to the high costs associated with these pens, which hinders the market growth of these pens.
Global Digital Pen Market: Regions
Global Digital Pen Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Digital Pen Market in North America held the largest market share of XX.X% in the year 2019 owing to rapid digitization and high adoption of digital pen coupled with several technologies including accelerometer, trackball, and others in countries in the region. The Asia Pacific market is expected to experience substantial growth in the global market, followed by the European market. Growing digital pen providers and rapid digital pen adoption in many industries, including healthcare, education, IT and telecommunications, BFSI, and others in Asia Pacific and Europe regions.
Global Digital Pen Market: Key Players
• Apple Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Hewlett-Packard Company
• Anoto Group AB
• Wacom Co. Ltd.
• Toshiba Corporation
• Canon Inc.
• E-pens Ltd
• Moleskine S.p.A
• STAEDTLER Mars GmbH & Co.KG
• Hanvon Technology Co.Ltd
• Neo LAB
Global Digital Pen Market report also contains analysis on:
Global Digital Pen Market Segments:
o Platform Type
• Trackball Digital Pen
• Camera Digital Pen
• Accelerometer Digital Pen
o End User
• IT & Telecom
• Digital Pens Market Dynamics
• Digital Pens Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints