Digital Pen Market
Global Digital Pen Market Size, Share & Trends Analysis Report by Usage (PC, Tablet, and Smartphone), by Technology (Camera Digital Pen, Accelerometer Digital Pen, Trackball Digital Pen, and Others) and by Application (BFSI, Healthcare, Government, Education, and Others (Media & Entertainment and Retail)), Forecast Period (2021-2027)
The global digital pen market is anticipated to grow at a significant CAGR of 9.8% during the forecast period. The digital pen is a device that captures handwriting and converts handwritten information into digital data. Currently, industries across the countries are using a digital pen such as BFSI, healthcare, and others, as a tool for errors proof data collection and transfer which is gearing the digital pen market over the forecast period. Companies are launching digital pens for students, professionals, and serious creators of digital content. For instance, in December 2021, Wacom a Japanese manufacturer of interactive pen tablets and displays introduced its new creative pen display to professional and serious creators of digital content.
Further, Wacom’s Pro Pen 2 has four times greater accuracy and pressure sensitivity than the previous Pro Pen. The improved Pro Pen 2 creates an intuitive, free-flowing experience with virtually lag-free tracking on an anti-glare, etched glass surface that emulates the natural feel and feedback of a traditional pen or brush. In addition, optical bonding greatly reduces parallax for better performance when working with fine lines or details.
However, the high cost associated with these digital pens due to the integration of multiple features is hampering the growth of the market. These pens are not suitable for long working hours, as they need to be charged. Also, the storage depends upon the memory size and it requires a specific type of paper or notebook which is restraining the digital pen market.
Impact of COVID-19 Pandemic on Global Digital Pen Market
The COVID-19 pandemic brought an opportunity for the digital pen market. The global pandemic has also contributd to the digital pen industry growth. Among all segments, the education system has changed due to this global pandemic. Educational institutions all over the globe shut down to avoid the spread of coronavirus, and are continuously adopting digital platforms for teaching and learning. Apart from the educational sector, other sectors are also adopting digital pens due to the ease of scanning and reading documents in various languages act as a major boosting factor for the digital pen market.
Segmental Outlook
The global digital pen market has been segmented based on usage, technology, and application. Based on the usage, the market is segmented into PC, tablet, and smartphone. Based on technology, the market is split into camera digital pen, accelerometer digital pen, trackball digital pen, and others. Based on applications, the market is sub-segmented into BFSI, healthcare, government, education, and others. Among all segments, the education sector holds the prominent market share in the digital pen market over the forecast period. Owing to the rise in e-learning due to COVID-19 is offering growth opportunities for the digital pen market. Education through the online mode is pushing the education sector to use the digital pen for greater convenience.
Global Digital Pen Market Share by Application, 2020 (%)
The Healthcare Segment is Anticipated to Holds the Considerable Share in the Global Digital Pen Market
The healthcare segment is expected to grow the digital pen market rapidly in the forecast period. In healthcare, digital pens capture accurate patient data in a precise manner especially in the areas of physiotherapy, occupational therapy, and midwife services. The information is stored timely and sent to an EMR or to the hospital medical system for the further process which is propelling the growth of the market in the forecast period.
Regional Outlooks
The global digital pen market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Digital Pen Market Growth, by Region 2021-2027
The North America Region Holds the Major Share in the Global Digital Pen Market
The North America region holds the major share in the global digital pen market during the forecast period. The increased usage of tablets, personal computers, and growing internet penetration are fueling the market growth. Additionally, rapid adoption of products and technologies in countries like the US and Canada results in the spreading of technologies in the majority of the business, which is a key factor driving the market.
Market Players Outlook
The major companies serving the global digital pen market include Apple Inc., Canon Inc., Dell technologies, Hanvon Technology Co. Ltd., Lenovo, Microsoft Inc., Samsung Electronics Co. Ltd., Xcallibre., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2018 Apple updated its most popular iPad with support for Apple Pencil plus even greater performance, starting at $329. The new 9.7-inch iPad and Apple Pencil give users the ability to be even more creative and productive, from sketching ideas and jotting down handwritten notes to marking up screenshots.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global digital pen market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Digital Pen Market
• Recovery Scenario of Global Digital Pen Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Apple Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Canon Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Dell Technologies
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Xcallibre Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Digital Pen Market by Usage
4.1.1. PC
4.1.2. Tablet
4.1.3. Smartphone
4.2. Global Digital Pen Market by Technology
4.2.1. Camera Digital Pen
4.2.2. Accelerometer Digital Pen
4.2.3. Trackball Digital Pen
4.2.4. Others
4.3. Global Digital Pen Market by Application
4.3.1. BFSI
4.3.2. Healthcare
4.3.3. Government
4.3.4. Education
4.3.5. Others (Media & Entertainment and Retail)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Anoto Group AB
6.2. Hanvon Technology Co. Ltd.
6.3. HP Enterpriese Development
6.4. Huawei Technologies Co. Ltd.
6.5. Iris S.A
6.6. Lenovo
6.7. Livescribe Inc.
6.8. Luidia Inc.
6.9. Moleskin S.r.l.
6.10. NeoLabConvergrence, Inc.
6.11. Neo Smartpen Inc.
6.12. Nova Nordisk A/S
6.13. Samsung Electronics Co. Ltd.
6.14. Sony Corp.
6.15. Toshiba Corp.
6.16. Wacom Group
1. GLOBAL DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY USAGE, 2020-2027 ($ MILLION)
2. GLOBAL DIGITAL PEN FOR PC MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL DIGITAL PEN FOR TABLET MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL DIGIRAL PEN FOR SMARTPHONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
6. GLOBAL CAMERA DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL ACCELEROMETER DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL TRACKBALL DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL OTHER DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
11. GLOBAL DIGITAL PEN IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL DIGITAL PEN IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL DIGITAL PEN IN GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL DIGITAL PEN IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL DIGITAL PEN IN OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY USAGE, 2020-2027 ($ MILLION)
19. NORTH AMERICAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
20. NORTH AMERICAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. EUROPEAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. EUROPEAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY USAGE, 2020-2027 ($ MILLION)
23. EUROPEAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
24. EUROPEAN DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY USAGE, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. REST OF THE WORLD DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
30. REST OF THE WORLD DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY USAGE, 2020-2027 ($ MILLION)
31. REST OF THE WORLD DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
32. REST OF THE WORLD DIGITAL PEN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DIGITAL PEN MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DIGITAL PEN MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL DIGITAL PEN MARKET, 2021-2027 (%)
4. GLOBAL DIGITAL PEN MARKET SHARE BY USAGE, 2020 VS 2027 (%)
5. GLOBAL DIGITAL PEN MARKET FOR PC REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL DIGITAL PEN MARKET FOR TABLET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL DIGITAL PEN MARKET FOR SMARTPHONE REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL DIGITAL PEN MARKET SHARE BY TECHNOLOGY, 2020 VS 2027 (%)
9. GLOBAL CAMERA DIGITAL PEN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL ACCELEROMETER DIGITAL PEN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL TRACKBALL DIGITAL PEN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL DIGITAL PEN FOR OTHER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL DIGITAL PEN MARKET SHARE BY APPLICATIONS, 2020 VS 2027 (%)
14. GLOBAL DIGITAL PEN IN BFSI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL DIGITAL PEN IN HEALTHCARE REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL DIGITAL PEN IN GOVERNMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL DIGITAL PEN IN EDUCATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL DIGITAL PEN FOR OTHER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL DIGITAL PEN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. US DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
21. CANADA DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
22. UK DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
23. FRANCE DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
24. GERMANY DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
25. ITALY DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
26. SPAIN DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF EUROPE DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
28. INDIA DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
29. CHINA DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
30. JAPAN DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
31. SOUTH KOREA DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF ASIA-PACIFIC DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF THE WORLD DIGITAL PEN MARKET SIZE, 2020-2027 ($ MILLION)
