The global digital pen market is anticipated to grow at a significant CAGR of 9.8% during the forecast period. The digital pen is a device that captures handwriting and converts handwritten information into digital data. Currently, industries across the countries are using a digital pen such as BFSI, healthcare, and others, as a tool for errors proof data collection and transfer which is gearing the digital pen market over the forecast period. Companies are launching digital pens for students, professionals, and serious creators of digital content. For instance, in December 2021, Wacom a Japanese manufacturer of interactive pen tablets and displays introduced its new creative pen display to professional and serious creators of digital content.
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Further, Wacom’s Pro Pen 2 has four times greater accuracy and pressure sensitivity than the previous Pro Pen. The improved Pro Pen 2 creates an intuitive, free-flowing experience with virtually lag-free tracking on an anti-glare, etched glass surface that emulates the natural feel and feedback of a traditional pen or brush. In addition, optical bonding greatly reduces parallax for better performance when working with fine lines or details.
However, the high cost associated with these digital pens due to the integration of multiple features is hampering the growth of the market. These pens are not suitable for long working hours, as they need to be charged. Also, the storage depends upon the memory size and it requires a specific type of paper or notebook which is restraining the digital pen market.
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Global Digital Pen Market Segmentation
By Usage
- PC
- Tablet
- Smartphone
By Technology
- Camera Digital Pen
- Accelerometer Digital Pen
- Trackball Digital Pen
- Others
By Application
- BFSI
- Healthcare
- Government
- Education
- Others (Media & Entertainment and Retail)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Anoto Group AB
- Hanvon Technology Co. Ltd.
- HP Enterpriese Development
- Huawei Technologies Co. Ltd.
- Iris S.A
- Lenovo
- Livescribe Inc.
- Luidia Inc.
- Moleskin S.r.l.
- NeoLabConvergrence, Inc.
- Neo Smartpen Inc.
- Nova Nordisk A/S
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Toshiba Corp.
- Wacom Group
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