Rise in E-Commerce Has Increased the Demand for Digital Writing Instruments Market
Globally, the digital writing instruments market is expected to grow with a CAGR of 8.6% during the forecast period from 2019 to 2027, and has register a market value of US$ 230.0 Mn in 2018. Digital writing instruments are defined as the devices, which are battery-operated writing instrument that can record the handwritten notes and drawing. These instruments can be a pen, pencil or stylus. The digital pen is similar to the usual pens, which can be used similarly, however, if a person wants to record the data, which is written by these instruments the user requires a special digital paper.
These digital papers consist of a dot pattern, which allows the digital pen to capture the written pattern with the help of dots coordinates. Moreover, the digital pens are also integrated with handwriting recognition software, which can convert the handwritten notes into typed text. There are two types of digital pens available, which are wired and wireless. These pens can capture the notes, which can be shared by the users directly on smartphones, PCs, laptops and other instruments
Market Synopsis
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Digital Writing Instruments with Wireless in its Technology Segment Continue Dominating the Market
In 2018, the overall digital writing instruments market was led by the wireless segment in its technology segment contributing to a high percentage of the market share of the total revenue generated globally in 2018 and has a market share of more than 60.0% in the technology segment. The advancement in technology and the increasing use of mobile phones has led to the demand for wireless technology, allowing users to use it with ease. The wireless technology is also accounted to be the fastest-growing segment by technology during the forecast period due to the increasing adoption of the technology by the users and the ability to carry the instruments anywhere without any hassle.
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North America Dominates the Market by Region
The global digital writing instruments market was led by North America with a market share of more than 30.0% in the year 2018. This is due to high penetration of handheld devices and continued technological advancement of smartphones and tablets. Additionally, the rise of digital writing in North America is expected to grow with a CAGR of 8.0% during the forecast period, this is due to increasing awareness among the users about the nature friendly technology. Asia Pacific is set to register the highest growth owing to the presence of huge smartphones and tablets market here.
Some of the prominent players operating in the digital writing instruments are Microsoft Corporation, Apple Inc., Anoto Group AB, Dell Technologies, Wacom Co., Ltd., Moleskine Srl, FiftyThree, Inc., Hanvon Technology Co., Ltd., Neo Smartpen Inc. , Luidia, Inc., Lenovo Group, HP, Acer Inc., AsusTek Computers Inc., Adonit, Staedtler Noris Digital, and I.R.I.S. Inc.
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Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The digital writing instruments market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global digital writing instruments market based on product type, device compatibility, application, channel, technology and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Product Type Segment (2017–2027; US$ Mn)
• Digital Pens/Pencils
• Digital Styli
|
|
Device Compatibility Segment (2017–2027; US$ Mn)
• PCs/Laptops
• Tablets
• Smartphones
|
|
Application Segment (2017–2027; US$ Mn)
• Digital Scanning
• Digital Learning
• Art & Design
• Gesture Recognition
• Others
|
|
Channel Segment (2017–2027; US$ Mn)
• E-commerce
• Retail Stores
|
|
Technology Segment (2017–2027; US$ Mn)
• Wireless
• Wired
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of digital writing instruments in 2018 and forecast up to 2027?
- Which is the largest regional market of wireless in technology segment?
- What are the major trends followed in digital writing instruments market across different regions?
- Who is the key digital writing instruments companies leading the market?
- What are the key strategies adopted by the leading digital writing instruments companies in market?
Unique data points of this report
- Statistics on digital writing instruments penetration and spending worldwide
- Recent trends across different regions in terms of adoption of digital writing instruments.
- Notable developments going on in digital writing instruments market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
