Digital Writing Instruments Market 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 Channel (E-Commerce, Retail Stores), By Technology (Wired, Wireless) - Growth, Future Prospects, And Competitive Landscape, 2019 - 2027

The 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 registered a market value of US$ 230.0 Mn in 2018. Digital writing instruments are defined as devices that are battery-operated writing instruments that can record handwritten notes and drawings. These instruments can be a pen, pencil, or stylus. The digital pen is similar to the usual pens and can be used similarly; however, if a person wants to record the data 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 dot coordinates. Moreover, digital pens are also integrated with handwriting recognition software, which can convert handwritten notes into typed text. Two types of digital pens are available: wired and wireless. These pens can capture notes, which users can share directly on smartphones, P.C.s, laptops, and other instruments.

Market Synopsis

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 having a market share of more than 60.0% in the technology segment. The advancement in technology and the increasing use of mobile phones have led to the demand for wireless technology, allowing users to use it easily. As a result, 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 users and the ability to carry the instruments anywhere without hassle.

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 the high penetration of handheld devices and the 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, and this is due to increasing awareness among users about nature-friendly technology. The Asia Pacific is set to register the highest growth owing to the presence of a considerable smartphone and tablet market here.

Some of the prominent players operating in 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, H.P., Acer Inc., AsusTek Computers Inc., Adonit, StaedtlerNoris Digital, and I.R.I.S. Inc.

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 the 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:

Key questions answered in this report.

• What was the market size of digital writing instruments in 2018, and what is the forecast up to 2027?
• Which is the largest regional market of wireless in the technology segment?
• What are the major trends followed in the digital writing instruments market across different regions?
• Who is the essential digital writing instrument companies leading the market?
• What are the key strategies adopted by the leading digital writing instrument companies in the market?

Unique data points of this report

• Statistics on digital writing instruments penetration and spending worldwide
• Recent trends across different regions in terms of the adoption of digital writing instruments.
• Notable developments going on in the 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)

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