The digital writing instruments market is predicted to reach US$ 2,288.5 Million in value by 2027, with a CAGR of 9.4% from 2017 to 2027.
The report covers the demand analysis for various products in the digital writing instruments market along with an analysis of different segments associated with the market. According to the key outcomes of this market research, the global digital writing instruments market is expected to witness exponential growth in the coming years.
The growth is primarily driven by the preference of individuals toward advanced technologies and their dependency on them. The mobile and tablet market is also at its all-time high, which has in turn influenced the demand for digital writing instruments in the global market. The manufacturers are expected to make full use of the current trends and come up with innovative writing instruments, to attract more buyers.
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Digital Writing Instruments Market: Segmental Analysis:
- Based on region, North America dominates the market with its expected market value of over US$ 850 Million by the end of 2027. However, in terms of growth rate, Western Europe has emerged as the leading region with a 10.2% CAGR during the forecast period.
- Based on product type, digital pens and pencils are expected to remain a dominating segment throughout the forecast period, leaving behind digital stylus. However, the digital stylus segment is also expected to witness a relatively slow yet growing demand.
- Based on device compatibility, tablets are the current leaders with a market size of over US$ 1,400 Million by the end of 2027. But in the coming years, smartphones and PCs/laptops are the segments that will increase the demand for digital writing instruments. Smartphones are expected to grow at a CAGR of 10.9% during the forecast period.
- Among various types of applications in the global digital writing instruments market, the digital learning market has the highest market value of over US$ 800 Mn by the end of 2027. Whereas, digital scanning and art & design are expected to register a high growth rate during the forecast period.
- The segmentation based on distribution channels shows that e-commerce will hold the highest market size by 2027, and retail stores are way ahead in terms of growth rate.
Digital Writing Instruments Market: Competitive Landscape
The report gives the strategic as well as development details of many key players in the global digital writing instruments market. Some of these companies, mentioned in the report are Dell Technologies, Moleskine Srl, Neo Smartpen Inc., FiftyThree, Inc., Luidia, Inc., Hewlett Packard, Lenovo Group, Acer Inc., Adonit, AsusTek Computer Inc., Apple Inc., Microsoft Corporation, Anoto Group AB, Wacom Co., Ltd., etc.
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Digital Writing Instruments Market Segmentation:
By Country:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
By Product Type:
- Digital Pens/Pencils
- Digital Styli
By Device Compatibility:
- PCs/Laptops
- Tablets
- Smartphones
By Application:
- Digital Scanning
- Digital Learning
- Art & Design
- Gesture Recognition
- Others
By Distribution Channel:
- e-Commerce
- Retail Stores
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