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Market Overview:
The global stylus pen market reached a value of US$ 13.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.3 Billion by 2027, exhibiting at a CAGR of 10.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A stylus is a pen-shaped device with a soft and round rubber tip that moves smoothly over touch-screen devices such as smartphones, tablets or laptops. Resembling a regular pen in its physical appearance, it works either by touch or pressure. It has a fine-touch point which provides a smudge-free clicking and swiping experience to the user and an unobstructed view of the screen along with better precision for small touch points. With the recent growth in the production of devices equipped with touchscreens, stylus pens are increasingly replacing hardware pointing devices such as mouse and trackpad.
Growing digitization along with technological advancements across various sectors is one of the key factors driving the market growth. For instance, digitization in the education sector has ushered in the era of smart class and interactive whiteboards (IWB) of which stylus pens form a crucial part. With online teaching and training methods gaining preference over the conventional form of teaching, the demand for stylus pens is receiving a boost. Furthermore, the increasing usage of digital pens in creating digital artwork has further increased the demand for these pens in the education and related sectors. Additionally, technological developments in tablets and smartphones have created an extensive demand for these pens owing to the user-friendly experience provided by them. Other factors such as rising disposable income leading to an increasing consumer expenditure capacity is also driving the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global stylus pen market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, distribution channel, application and end-user.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by End-User:
Breakup by Region:
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players.
IMARC Group’s latest report provides a deep insight into the global stylus pen market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global stylus pen market in any manner.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Distribution Channel, Application, End-User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global stylus pen market was valued at US$ 13.4 Billion in 2021.
We expect the global stylus pen market to exhibit a CAGR of 10.4% during 2022-2027.
The growing digitalization levels in the education sector, especially with the advent of interactive whiteboards and smart classes, are some of the key factors driving the global stylus pen market.
The sudden outbreak of the COVID-19 pandemic is encouraging the adoption of online teaching practices across numerous educational institutes, thereby inflating the demand for digital pens.
Based on the product type, the global stylus pen market has been divided into resistive stylus pen, capacitive stylus pen, and active stylus pen. Among these, active stylus pen currently accounts for the largest market share.
Based on the distribution channel, the global stylus pen market can be segregated into online and offline, where online distribution channel holds the majority of total market share.
Based on the application, the global stylus pen market has been bifurcated into smartphones, tablets, and interactive whiteboards. Among these, tablets lead the global market.
Based on the end user, the global stylus pen market can be categorized into OEM and retail. Currently, OEM holds the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
Some of the major players in the global stylus pen market include Dell, Inc., Epson, Genius KYE Systems Corp., Hanvon Technology Co., Ltd., Hitachi, Ltd., Hewlett-Packard (HP) Company, Microsoft Corporation, Panasonic Corporation, PaperMate, Songtak Technology Co., Ltd., and Wacom Co., LTd.
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