Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Digital Pen Market Overview
Digital Pens are a pen-like structure that helps in writing digitally. The global digital pen market is primarily driven by the increasing use of digital pens in art and designing works across the world. As well, technological developments with advanced features of digital pens have mainly expanded the growth of the market. Additionally, the increasing need to digitize business in various sectors such as banking, healthcare, education, and retail is projected to create a positive impact on the market’s development over the forecast period.
Furthermore, digital pens are replacing the use of pens and paper. Increasing uses of the computer or laptops to store the sensitive data with more security, digital pen is uses for this work at a large quantity. This key fact remarkably affects the growth of the market. In addition, increasing uses of smartphone devices is propelling the growth of the global Digital Pen market in near future.
On the downside, the cost of the Digital Pens is higher as compared to the traditional pens, this is the main reason to hampering the growth of the market. In addition, this pen needs to be charged at a definite interval and it is not preferred to be used for long time writing. This key fact also detains the development of the market.
Digital Pen Market Segment Overview
According to the application, the education segment holds the major share of the market. This is because digital pens are gaining a significant grip across the world due to the rising adoption of e-learning sites and apps among students of all ages. Also, E-educators have been striving to provide education through the online medium, thus offering more convenience to the students as compared to the conventional offline education medium. Therefore, the digital pen has more space in the education sector which is more fruitful for the market’s growth in the forthcoming period.
Moreover, the implementation of favorable government policies on digitalization in developing countries such as China and India are anticipated to drive the healthcare and BFSI sectors to use the digital pen as a tool for ensuring error-proof database collection. This factor contributes significantly to the market’s progress over the coming years.
Digital Pen Market Regional Overview
Region-wise, North America is projected to lead the Global Digital pen market. This is on account of the rapid digitization, rise in demand for digital creativity across the media & journalism industry in the region. Similarly, Europe is the second-largest region in the market owing to rapid development in the electronic industry. As well, Asia Pacific is estimated to be one of the quickest developing zonal markets in the coming year. China is the main hub for the manufacturing of electronics devices which signifies the growth of the market in this region. Also, the Middle East and Africa have a slighter market share in the Global Digital pen market.
Digital Pen Market Competitor overview
· In June 2021, Huion, one of the largest manufacturers and providers of Digital Graphics Tablets and Pen Displays, announced three new Pen Tablets, the Inspiroy RTS-300, RTM-500, and RTP-700. With a new, sleek design and high-quality performance, these new Pen Tablets will enhance digital creation and empower any user's professional and personal workflow.
Digital Pen Market, Key Players
· Apple Inc.
· Hewlett-Packard Company
· Microsoft
· Anoto Group AB
· Wacom Co. Ltd.
· Toshiba Corporation
· Canon Inc.
· E-pens Ltd
· Moleskine S.p.A
· STAEDTLER Mars GmbH & Co.KG
· Hanvon Technology Co.Ltd
· Neo LAB
· Convergene
Digital Pen Market Segmentation
Digital Pen Market, By Platform
· Android
· Windows
· iOS
Digital Pen Market, By Technology
· Active Digital Pen
· Camera Digital Pen
· Accelerometer Digital Pen
· Positional Digital Pen
· Trackball Digital Pen
Digital Pen Market, By Application
· Clinical Documentation
· Education
· Billing & Back Office
· Communication
· Media & Entertainment
· BFSI
· Others
Digital Pen Market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Digital Pen Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Platform
- 5.2.1. Android
- 5.2.2. Windows
- 5.2.3. iOS
- 5.3. Market Analysis, Insights and Forecast – By Technology
- 5.3.1. Active Digital Pen
- 5.3.2. Camera Digital Pen
- 5.3.3. Accelerometer Digital Pen
- 5.3.4. Positional Digital Pen
- 5.3.5. Trackball Digital Pen
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Clinical Documentation
- 5.4.2. Education
- 5.4.3. Billing & Back Office
- 5.4.4. Communication
- 5.4.5. Media & Entertainment
- 5.4.6. BFSI
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Digital Pen Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Platform
- 6.2.1. Android
- 6.2.2. Windows
- 6.2.3. iOS
- 6.3. Market Analysis, Insights and Forecast – By Technology
- 6.3.1. Active Digital Pen
- 6.3.2. Camera Digital Pen
- 6.3.3. Accelerometer Digital Pen
- 6.3.4. Positional Digital Pen
- 6.3.5. Trackball Digital Pen
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Clinical Documentation
- 6.4.2. Education
- 6.4.3. Billing & Back Office
- 6.4.4. Communication
- 6.4.5. Media & Entertainment
- 6.4.6. BFSI
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Digital Pen Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Platform
- 7.2.1. Android
- 7.2.2. Windows
- 7.2.3. iOS
- 7.3. Market Analysis, Insights and Forecast – By Technology
- 7.3.1. Active Digital Pen
- 7.3.2. Camera Digital Pen
- 7.3.3. Accelerometer Digital Pen
- 7.3.4. Positional Digital Pen
- 7.3.5. Trackball Digital Pen
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Clinical Documentation
- 7.4.2. Education
- 7.4.3. Billing & Back Office
- 7.4.4. Communication
- 7.4.5. Media & Entertainment
- 7.4.6. BFSI
- 7.4.7. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Digital Pen Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Platform
- 8.2.1. Android
- 8.2.2. Windows
- 8.2.3. iOS
- 8.3. Market Analysis, Insights and Forecast – By Technology
- 8.3.1. Active Digital Pen
- 8.3.2. Camera Digital Pen
- 8.3.3. Accelerometer Digital Pen
- 8.3.4. Positional Digital Pen
- 8.3.5. Trackball Digital Pen
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Clinical Documentation
- 8.4.2. Education
- 8.4.3. Billing & Back Office
- 8.4.4. Communication
- 8.4.5. Media & Entertainment
- 8.4.6. BFSI
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Digital Pen Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Platform
- 9.2.1. Android
- 9.2.2. Windows
- 9.2.3. iOS
- 9.3. Market Analysis, Insights and Forecast – By Technology
- 9.3.1. Active Digital Pen
- 9.3.2. Camera Digital Pen
- 9.3.3. Accelerometer Digital Pen
- 9.3.4. Positional Digital Pen
- 9.3.5. Trackball Digital Pen
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Clinical Documentation
- 9.4.2. Education
- 9.4.3. Billing & Back Office
- 9.4.4. Communication
- 9.4.5. Media & Entertainment
- 9.4.6. BFSI
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Digital Pen Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Platform
- 10.2.1. Android
- 10.2.2. Windows
- 10.2.3. iOS
- 10.3. Market Analysis, Insights and Forecast – By Technology
- 10.3.1. Active Digital Pen
- 10.3.2. Camera Digital Pen
- 10.3.3. Accelerometer Digital Pen
- 10.3.4. Positional Digital Pen
- 10.3.5. Trackball Digital Pen
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Clinical Documentation
- 10.4.2. Education
- 10.4.3. Billing & Back Office
- 10.4.4. Communication
- 10.4.5. Media & Entertainment
- 10.4.6. BFSI
- 10.4.7. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Apple Inc.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Hewlett-Packard Company
- 11.6. Microsoft
- 11.7. Anoto Group AB
- 11.8. Wacom Co. Ltd.
- 11.9. Toshiba Corporation
- 11.10. Canon Inc.
- 11.11. E-pens Ltd
- 11.12. Moleskine S.p.A
- 11.13. STAEDTLER Mars GmbH & Co.KG
- 11.14. Hanvon Technology Co.Ltd
- 11.15. Neo LAB
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
