Online learning is emerging as the education system of the next generation. With the growth of online learning and the various technological advancements, the growth of digital writing instruments is inevitable. Future Market Insights Presents a Complete Scenario of the Digital Writing Instruments Market in its New Report Titled âDigital Writing Instruments Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027). “ 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 main results of this market research, the global market digital writing instruments market is expected to experience exponential growth in the coming years. The global market is expected to reach a market value of over 2,200 million US $ by the end of 2027, growing at a CAGR of 9.4% during the forecast period. Growth is mainly driven by the preference of individuals for advanced technologies and their dependence on them. The mobile and tablet market is also at its highest level, 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 to attract more buyers.
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 has emerged as the leading region with a 10.2% CAGR over the forecast period.
Based on type of product, digital pens and pencils are expected to remain a dominant segment throughout the forecast period, leaving behind digital pens. However, the digital stylus segment is also expected to experience relatively slow but growing demand.
Based on device compatibility, tablets are the current leaders with a market size of over $ 1,400 million by the end of 2027. But in the coming years, smartphones and PCs / laptops are the segments that would increase demand. of digital writing instruments. Smartphones are expected to grow at a CAGR of 10.9% during the forecast period.
Among various types of application In the global digital writing instruments market, the digital learning market has the highest market value of over $ 800 million by the end of 2027. As digital digitization and art and the design are expected to register a high growth rate during the forecast period.
Segmentation based on distribution channel shows that e-commerce has the highest market size by 2027 and that retail stores have a head start in terms of growth rate.
Digital Writing Instruments Market: Competitive Landscape
The report gives the strategic and development details of many 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.