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 information into digital data which enables the data to be utilized in various applications. Digital pens mainly contain internal electronics configurations and have features such as touch sensitivity, input buttons, and memory and transmission capabilities. Basically a digital pen comes with a USB cradle to let the user upload the handwritten notes to a personal computer.Most of the digital pens come with handwriting recognition software that allows the user to convert their handwritten notes into typed text. Some digital pens are wireless, taking advantage of Bluetooth technology, which make it more attractive and demanding.
Technological advancements, availability of pens with advanced features, increased use of these pens in arts and designing, and adoption of digital learning are the major factors driving the growth of the global digital pen market. However, high cost of these pens may hamper the adoption among end users. Furthermore, market expansion and advanced technologies with improved feature might provide several market scopes for the future.
The global digital pen market is categorized into platform, technology, application, and geography. Platform is bifurcated into android, windows, and IOS. Technology is segmented into camera, accelerometer, active, position, trackball, and others. Furthermore, application is bifurcated into communication, education, clinical documentation, billing and back office, and others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
Major companies operating in the global Digital Pen market are Hewlett-Packard Company, Toshiba Corporation, Apple Inc., Canon Inc., Wacom Co. Ltd., Anoto Group AB, E-pens Ltd., Logitech International S.A., MoleskineS.p.A, and Hanvon Technology Co.Ltd., among others.
The key takeaways from the report
Scope of the Global Digital Pen Market