Digital Writing Instruments Market Research Report 2017 –
The digital writing instruments market is expected to reach US$2,288.5 million in value by 2027, growing at a CAGR of 9.4% from 2017 to 2027.
The report covers demand analysis for various products in the digital writing instruments market along with an analysis of various segments associated with the market. According to the key findings of this market research, the global digital writing instruments market is expected to grow exponentially in the coming years. The global market is expected to reach a market value of over US$2,200 million by the end of 2027, growing at a CAGR of 9.4% during the forecast period.
Growth is mainly driven by people’s preference for advanced technologies and their dependence on them. The mobile and tablet market is also at its peak, which in turn has influenced the demand for digital writing instruments in the global market. Manufacturers should take full advantage of current trends and come up with innovative writing instruments, so as 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 is became the top region with a CAGR of 10.2% during the forecast period. .
Based on product type, digital pens and pencils are expected to remain a dominant segment throughout the forecast period, leaving behind digital styluses. However, the digital stylus segment is also expected to see relatively slow but growing demand.
Based on device compatibility, tablets are the current leaders with a market size of over US$1,400 million by the end of 2027. But in the coming years, smartphones and PCs/ Laptops are the segments that will increase the demand for digital writing instruments. . Smartphones are expected to grow at a CAGR of 10.9% during the forecast period.
Among various types of applications in the global digital writing instruments market, the digital learning market has the highest market value of over 800 million US$ by the end of 2027. While digital digitization and art & design are expected to register a high growth rate during the forecast period.
Segmentation based on distribution channel shows that e-commerce holds the highest market size by 2027 and retail stores are ahead in terms of growth rate.
Digital Writing Instruments Market: Competitive Landscape
The report gives the strategic and development details of numerous 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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A weighted segmentation of the market is essential to gather key information on each aspect. Below is a detailed market taxonomy covering various segments of the global digital writing instruments market.
By product type
By device compatibility
By distribution channel
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
This press release was published on openPR.