Uploaded on Aug 2, 2019
Global Digital Pen Market is projected to be valued $4.3 Billion by 2024; with a CAGR of 17.6% from 2017 to 2024. A digital pen is an input device which captures the handwriting of a user and converts handwritten analog info
Global Digital Pen Market
Global Digital Pen Market
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Accurize Market Research
Global Digital Pen Market is Estimated to Reach $4.3
Billion by 2024, Says Accurize Market Research
Global Digital Pen Market report published by Accurize
Market Research forecast that the global market is expected
to reach $4.3 billion by 2024; growing at a CAGR of
17.6% from 2017 to 2024. By geography, Asia Pacific and
North America are expected to grow at a CAGR of XX%
and XX%, respectively, during the forecast period.
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Increasing popularity of digital learning
driving the global market
Technological advancements demand for innovative pens,
rising use of pens in arts and designing, and growing digital
learning are some of the factors boosting growth of the global
digital pen market. Moreover, market expansion and
advancements in feature could provide future scope for
competitors. However, high expense of these pens may hamper
the adoption in forecast periods.
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Market Segmentation
The global digital pen market is split into platform, technology, application, and
geography. Platform is divided into android, windows, and IOS. Technology
segment is bifurcated into camera, accelerometer, active, position, trackball, and
others. Application segment is categorized into communication, education and
clinical documentation, among others.
North America, Europe, Asia-Pacific and rest of the world (RoW) are the
geographical segments of the market. North America is further bifurcated into
countries namely; U.S., Canada and Mexico. Europe covers countries like Russia,
U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, India,
Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South
America, Middle East and Africa.
"IOS and android accounted for the largest market share in the
platform segment", says Accurize
In the platform segment, IOS and android accounted for the supreme
segment share in 2017. Clinical documentations and education
subjugated the application segment with largest market share.
Furthermore, active held the major segment share in technology and is
also expected to grow with the fastest CAGR.
"North America dominated the global market with the highest
market share over the forecast period", says Accurize
North America held the major market share with 49.5%, followed by
Europe with 23.1%. Asia-Pacific is expected to attain the fastest CAGR,
due to increased implementation of advanced technologies, rise in
disposable income, and rising R&D activities.
Top players in the market
Major companies active in the market include
Toshiba Corporation
E-pens Ltd.
Apple Inc.
Canon Inc.
Wacom Co. Ltd.
Hewlett-Packard Company
Logitech International S.A. and
Hanvon Technology Co. Ltd. among others.
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Contact No: +1-339-368-6383
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