The digitizer market report by Future Market Insights shows that global sales of digitizers in 2022 were held at US$ 1,452.5 million. The projected market growth from 2023 to 2033 is expected to be 16.3%. The embedded display type is expected to be the highest revenue-generating segment, with a total share of 65.4% in 2023.
Digitizers, also called digitizing tablets or graphics tablets, are used by consumers to convert physical input, such as analog drawings or sketches, into digital format by tracking the movement of a digital pen or finger on the touchscreen display of tablets or smartphones. Some of the various functions of digitizers include the use of digitizers for digital signatures, digital art, and so on.
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The market for digitizers is driven by factors such as:
- The surge in demand in the creator’s industry, with innovations in graphic designing, animation, and all digital art forms. Creators and designers rely on the features like pressure sensitivity and precision offered by digitizers, making them an important tool.The surge in demand of the creator’s industry, with innovations in graphic designing, animation and all forms of digital art. Creators and designers rely on the features like pressure sensitivity and precision offered by digitizers making them an important tool for them.
- The adoption of work-from-home culture and E-learning post-COVID-19 has increased rapidly. This accelerates the use of tools like digitizers for remote professionals and students, helping them to annotate and collaborate on PowerPoint presentations and other digital documentation.
- Market players are launching digitizers with gaming-specific characteristics that can be used as input devices for online gaming. With the growth in the entertainment industry, the market for digitizers is also expected to grow.
- With continuous technological improvement and advancements in research and development by key players, companies have a new range of offeanies with enhanced efficiency and accuracy. Consumers are seeking more sophisticated devices, leading to a rise in sales for digitizers.With a continuous improvement in technology and advancements in research and development by key players, there is a new range of offerings by companies with enhanced efficiency and accuracy. Consumers are seeking more sophisticated devices leading to a rise in sales for digitizers.
Key Takeaways from the Digitizer Market:
- The high rise in the adoption of digital transformation tools by consumers in India is responsible for the high expectations of players in the digitizers market. India is expected to expand at a CAGR of 18.6% through 2033.is responsible for the high expectations by players in the digitizers market. India is expected to expand at a CAGR of 18.6% through 2033.
- The market for digitizers in the United Kingdom is expected to grow at a CAGR of 12.4% by 2033. This surge is significant owing to the rapid advancements in technology by the major companies indulged in the manufacturing of digitizers.
- Germany accounted for a share of 9.4% globally in the digitizers market in 2022. Germany is expected to grow at a moderate pace owing to consumers’ increasing demand for digital artwork and animations.Germany accounted for a share of 9.4% globally in the digitizers market in 2022. Germany is expected to grow at a moderate pace owing to the increasing demand for digital artwork and animations by consumers.
- The market players for digitizers in the United States held a share of 19.4% in 2022. The market players are involved in investing higher capital in the research and development of digitizers..
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Competitive Landscape
The digitizer market is highly fragmented, with market players of all sizes ranging from international businesses to medium local businesses to new emerging startups. The advancements in technology have paved the way for market players to invest more in research and development to launch novel products with unique features. Companies are adopting strategies such as mergers, acquisitions, collaborations, and alliances to increase their consumer base.The market for digitizers is highly fragmented with market players of all sizes ranging from international businesses to medium local businesses to new emerging startups. The advancements in technology have paved the way for market players to invest more in research and development to launch novel products with unique features. Companies are adopting strategies such as mergers and acquisitions, and collaborations and alliances to increase their consumer base.
Recent Developments
- February 2023 – Samsung Electronics’ Galaxy S23 Ultra adopted Wacom Co, Ltd.’s unique digital pen technology. Users can quickly and deftly use applications to draw and write on the device.
April 2023 – Immersion Corporation, a global leader in providing technologies for haptics, signed a long-term license agreement with Motrex Co., Ltd., a producer of automotive solutions. Co., Ltd., a producer of automotive solutions.
Key Segments Profiled in the Digitizer Industry Survey
By Type:
- Without Display
- Embedded Display
By Application:
- Automotive
- Aerospace & Defense
- Industrial Machinery
- Electrical & Electronics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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