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Published: Aug, 2019 | Pages:
80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)
The global digital pen market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing application of digital pen in the field of animation and entertainment as it assists in editing photos and videos, along with creating 3D painting, is expected to have a positive impact on the market growth. These devices are capable of providing a depth to the artwork by making it vibrant and realistic. Furthermore, digital pen finds its use among students and artists as it provides versatility in performing various functions such as drawing, doodling, editing, and note taking. Shifting trend towards the use of digital pen among students with limited learning is generating the demand for the product. It has been proven to be beneficial for students who are struggling with note taking and comprehension. In 2011, UC Berkeley Disabled Students Program conducted a pilot test of 40 disabled students by providing Livescribe Echo smart pen for taking notes. The results revealed that the students became capable of recording audio, along with converting the handwritten notes into digital format. Later, the audio version can be used by students for review and cross checking. Therefore, the afore-mentioned features of digital pen are expected to promote their utility among students for their course curriculum. One such product specifically launched for art students and creative professionals and enthusiasts is Wacom Cintiq 16. It was launched in January 2019 to assist the students in digital sketching, illustration, and drawing. The product is embedded with Wacom's Pro Pen 2 technology. It has 8,192 levels of pressure sensitivity and tilt, which makes it precise and accurate. Another very important technology built in it is EMR (Electro Magnetic Resonance), which removes the need for batter and recharge completely. Some of the key players are I.R.I.S., Luidia, Sony, Livescribe, Kent Displays, Wacom, e-Pens, ACE CAD, Neo Smart Pens, and Neo Slate. The industry participants are projected to increase their spending on the development of new products in order to expand their market share. Additionally, expansion of middle-income population groups in emerging economies including China and India on account of urbanization and increasing employment opportunities from the service sector at a domestic level is expected to open new avenues for the market. Further key findings from the report suggest: • By product, handwriting pen accounted for more than 70.0% in 2018 due to growing product awareness among students and professionals. Scanning pen is expected to register the fastest CAGR of 10.8% from 2019 to 2025 • By application, the BFSI sector is expected to generate a revenue of exceeding USD 400.0 million by the end of 2025 due to rapid adoption of the device in major banks across the world as an endeavor to go digital • The healthcare sector accounted for more than 20.0% share of the global digital pen market revenue in 2018 • Asia Pacific is expected to register the fastest CAGR of 11.4% from 2019 to 2025
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Digital Pen Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Digital Pen Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Application Adoption
4.4. Observations & Recommendations
Chapter 5. Digital Pen Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Scanning
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Handwriting
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Digital Pen Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2018 & 2025
6.2. BFSI
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.3. Healthcare
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.4. Government
6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.5. Media & Entertainment
6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.6. Education
6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.7. Retail
6.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.8. Others
6.8.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Digital Pen Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2018 & 2025
7.2. North America
7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD million)
7.2.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD million)
7.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.3.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.4.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.4.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.5.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
9.1. I.R.I.S.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Luidia
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Sony
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Livescribe
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Kent Displays
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Wacom
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. e-Pens
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. ACE CAD
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Neo Smart Pens
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Neo Slate
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables 1. Digital pen - Key market driver analysis 2. Digital pen - Key market restraint analysis 3. Global scanning digital pen market estimates and forecast, 2015 - 2025 (USD Million) 4. Global handwriting digital pen market estimates and forecast, 2015 - 2025 (USD Million) 5. Global digital pen market estimates and forecast for BFSI, 2015 - 2025 (USD Million) 6. Global digital pen market estimates and forecast for healthcare, 2015 - 2025 (USD Million) 7. Global digital pen market estimates and forecast for government, 2015 - 2025 (USD Million) 8. Global digital pen market estimates and forecast for media & entertainment, 2015 - 2025 (USD Million) 9. Global digital pen market estimates and forecast for education, 2015 - 2025 (USD Million) 10. Global digital pen market estimates and forecast for retail, 2015 - 2025 (USD Million) 11. Global digital pen market estimates and forecast for others, 2015 - 2025 (USD Million) 12. North America digital pen market estimates and forecast, 2015 - 2025 (USD Million) 13. North America digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 14. North America digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 15. U.S. digital pen market estimates and forecast, 2015 - 2025 (USD Million) 16. U.S. digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 17. U.S. digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 18. Europe digital pen market estimates and forecast, 2015 - 2025 (USD Million) 19. Europe digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 20. Europe digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 21. Germany digital pen market estimates and forecast, 2015 - 2025 (USD Million) 22. Germany digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 23. Germany digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 24. U.K. digital pen market estimates and forecast, 2015 - 2025 (USD Million) 25. U.K. digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 26. U.K. digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 27. Asia Pacific digital pen market estimates and forecast, 2015 - 2025 (USD Million) 28. Asia Pacific digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 29. Asia Pacific digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 30. China digital pen market estimates and forecast, 2015 - 2025 (USD Million) 31. China digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 32. China digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 33. India digital pen market estimates and forecast, 2015 - 2025 (USD Million) 34. India digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 35. India digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 36. Japan digital pen market estimates and forecast, 2015 - 2025 (USD Million) 37. Japan digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 38. Japan digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 39. Central & South America digital pen market estimates and forecast, 2015 - 2025 (USD Million) 40. Central & South America digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 41. Central & South America digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 42. Brazil digital pen market estimates and forecast, 2015 - 2025 (USD Million) 43. Brazil digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 44. Brazil digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 45. Middle East & Africa digital pen market estimates and forecast, 2015 - 2025 (USD Million) 46. Middle East & Africa digital pen market revenue estimates and forecast by product, 2015 - 2025 (USD Million) 47. Middle East & Africa digital pen market revenue estimates and forecast by application, 2015 - 2025 (USD Million) 48. Vendor landscape
List of Figures 1. Digital Pen market snapshot 2. Digital Pen market segmentation & scope 3. Digital Pen market penetration & growth prospect mapping 4. Digital Pen value chain analysis 5. Digital Pen market dynamics 6. Digital Pen market Porter's analysis 7. Digital Pen market: Product movement analysis 8. Digital Pen market: Application movement analysis 9. Digital Pen market: Regional movement analysis
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