Globally, several countries have undertaken initiatives to propel the digitization across industries, which is expected to ease and smoothen various operational activities in the industries. The rapid escalation in digitalization practices is influencing industries to procure advanced electronics in order to shift from paper-based work to digital content based work. The shift towards digital content based work facilitates completion of desired work in lesser time and with higher accuracy. Countries such as China, India, Japan, the US, and the UK among others are pioneers in undertaking digitization practices. Some of the prominent initiatives include; Digital China, Digital India, and Horizon 2020 by EU among others. These initiatives are boosting the procurement of pen tablets in respective countries attributing to the advantages of pen tablets and the rising demand for such electronics in various industries.
APAC is expected to be the fastest growing region in the adoption of pen tablets. The major reason for this is the high demand from developing countries like China and India where animation, designing and other creative industries are booming. In addition to this, supporting government initiatives towards a digitalized economy, huge investments in the development of smart cities and smart buildings in these countries are also fuelling the demand for pen tablets by architects and designers. The new market initiatives by players and surge in the animation industry are a few other factors that are expected to positively impact the market during the forecast period. Additionally, the animation industry is significantly growing across the globe, which is again demanding digital content creation technology, pertaining to the faster creation of the content through the technology.
Significant product developments have been taken by some of the leading companies by getting involved in R&D activities and by developing advanced products and solutions. For instance, recently, GAOMON has extended its pen tablet family by launching a portable and affordable pen tablet named, model S620. This tablet supports Windows, Android, and macOS system. The tablet is developed for game players who want to enhance the accuracy and speed of cursor responsive while lowering distance of arm movement. Further, Huion plans to unveil HS64 and HS610 pen tablets. These pen tablets support Android OS. These pens would eradicate the need to stay in front of the PC to draw with automotiva tablet. These are built with 12 customized express keys and 8192 levels of pen pressure sensitivity.
The major players operating in the market for pen tablet market include Adesso Inc., Parblo Tech., GAOMON Technology Corporation, Huion Animation Technology Co., Ltd., Monoprice, Inc., PenPower Technology Ltd., Shenzhen Ugee Technology Co., Ltd., TurcomUSA, Wacom Co., Ltd., and XPPen Technology CO. among others.
The report segments the global Pen tablet Market as follows:
Global Pen tablet Market – By Pressure Level
Global Pen tablet Market – By End-Use
Global Pen tablet Market – By Geography
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