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Global Digital Pen Market by Product (Handwriting, Scanning), by Application (Healthcare, BFSI) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ES-75399
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 82
  • No. Of Pages: 245
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

In 2018, the global digital pen market was worth USD 1.5 billion. The market's growth will be influenced by the increasing need to digitize businesses in many sectors, including healthcare, education and retail. Digitization can increase productivity and give you an advantage over your competitors, as it has been proven.

Due to increasing use of e-learning apps and sites among students of all ages, the product is seeing significant growth around the world. E-educators are working to offer education online, which offers more convenience for students than traditional offline education.

Because it obscures the written content, the traditional blackboard method is inefficient. The digital pen is an effective alternative to chalks and provides clarity to the viewers. These products quickly transform the points that have been scribbled into digital mode. This makes it easier to read on the screen, and faster than other methods.

The implementation of supportive government policies for digitalization in emerging countries, such as China and India, will push the healthcare and BFSI sector to adopt the digital pen to ensure error-proof data collection. These objects are used by banks to convert paper data into digital format, making it easier for them to maintain customer information. The digital pen can also be used to easily edit stored data whenever needed.

Product Insights

In 2018, handwriting pen was more than 70%. These products have been shown to be extremely beneficial in the management of analog input systems. The product is also considered versatile and precise and useful in many industries, including banking, education, banking and retail. This product has many benefits due to the collaboration of multiple sensors such as IR cameras and pressure sensitivity sensors. These devices allow users to capture text, drawings, and quick notes, then transfer it to a computer.

The scanner pen will see the fastest CAGR at 10.8% between 2019 and 2025 due to its portability, simplified USB-based powering system, and ease of use. The scanning products are compatible with more than 40 languages. They can recognize numbers and text in English, German Mandarin, Spanish and French. These pens are compatible with many tools, including Word, Excel, PowerPoint, and other common ones.

Application Insights

The largest market share, exceeding 20% in 2018, was held by healthcare. Most hospitals and pharmacies are familiar with the product. The value of electronic medical records regarding patient safety has been recognized by the industry and the product was quickly adopted. The combination of Bluetooth, optical devices, electronic circuits and Bluetooth has revolutionized digitization. It makes it easier to store every piece of information about patients. Many products can be made wireless to allow for easy locomotion.

BFSI is expected to experience the highest growth due to the changing environment in which the sector strives to provide better customer service. It also reduces the time and labor required to convert data from analogue to digital. Most banks are rapidly adopting integrated solutions that combine tablets and digital pen. Citibank Korea Inc., for instance, announced in July 2016 a paperless and more convenient way to open accounts. Customers can complete the forms from their mobile devices and then submit their signatures at the branch using the Wacom tablets or digital pens.

Regional Insights

North America was the largest region, accounting for over 35.0% of global revenue in 2018. Market growth is due to the rapid adoption of digital pen technology in North America and Canada. The U.S. is home to the majority of major manufacturers, and this has influenced the market.

The U.S. education industry has been driving the industry's growth. Students can take notes with the digital pen and share them digitally. Digital textbooks and notebooks have made it interactive. To improve education in America and Canada, many schools have adopted e-exams/e-notes. This is accelerating the market growth.

Asia Pacific will be the fastest growing market. It is expected to grow at 11.4% CAGR between 2019 and 2025. Products that work in a similar way have been created by countries like South Korea and China. They are also affordable to the general public at a low price. This has led to the product's growing popularity. The device is also popular in China, India, and Japan where the government is trying to go completely digital. This has led to the market growing.

Market Share Insights & Key Companies

I.R.I.S. and Luidia are some of the major players in the digital pen market. Manufacturers of integrated solutions are making it tough for independent digital pen manufacturers. They are developing a mix of digital pens and tablets. As these do not require paper at all, they are preferred by the environmentally-conscious population segment to deter the use of paper completely.

Manufacturers are embracing the device because it helps them get rid of all paperwork. Even so, certain industries have seen a rapid rise in the use of the device. The product's popularity in animation has been on the rise over the years, and it seems unaffected by any new technology.

Digital Pen Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including country, regional and global. It also provides analysis of industry trends and potential opportunities for each sub-segment between 2015 and 2025. Grand View Research has divided the global digital pen market report by product, region, and application.

  • Product Outlook (Revenue USD Million, 2015-2025)

    • Scanning

    • Handwriting

  • Application Outlook (Revenue USD Million, 2015-2025)

    • BFSI

    • Healthcare

    • Government

    • Media & Entertainment

    • Education

    • Retail

    • Other

  • Regional Outlook (Revenue USD Million, 2015-2025)

    • North America

      • The U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • India

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa (MEA)

These are the most frequently asked questions about this report

b. Global digital pen market was valued at USD 1.63 Billion in 2019, and is forecast to grow to USD 1.79 Billion by 2020.

b. Global digital pen market will grow at 10.4% compound annual growth rate from 2019-2025, to reach USD 2.96 Billion by 2025.

b. With a 38.0% share in 2019, North America was the dominant market for digital pen. This can be attributed to the rapid adoption of digital pen technology in North America and Canada.

b. I.R.I.S. and Luidia are some of the key players in the digital pen market.

b. The market is growing due to the increasing need for digitization in different sectors such as banking, education and retail. Students are also adopting e-learning apps and sites more frequently.

Up Market Research published a new report titled “Digital Pen Market research report which is segmented by Product (Handwriting, Scanning), by Application (Healthcare, BFSI), By Players/Companies e-Pens, Livescribe, Neo Smart Pens, IRIS, Sony, ACE CAD, Kent Displays, Neo Slate, Luidia, Wacom”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleDigital Pen Market Research Report
By ProductHandwriting, Scanning
By ApplicationHealthcare, BFSI
By Companiese-Pens, Livescribe, Neo Smart Pens, IRIS, Sony, ACE CAD, Kent Displays, Neo Slate, Luidia, Wacom
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages245
Number of Tables & Figures172
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Digital Pen Industry Outlook

Global Digital Pen Market Report Segments:

The market is segmented by Product (Handwriting, Scanning), by Application (Healthcare, BFSI).

Digital Pen Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Digital Pen Market

Overview of the regional outlook of the Digital Pen Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Digital Pen Market Overview

Highlights of The Digital Pen Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Digital Pen Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Handwriting

                2. Scanning

        7. By Application:

                1. Healthcare

                2. BFSI

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Digital Pen Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Digital Pen Market Trends

Reasons to Purchase the Digital Pen Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Pen Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Digital Pen Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Digital Pen Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Digital Pen Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Digital Pen Market Size & Forecast, 2018-2028 
      4.5.1 Digital Pen Market Size and Y-o-Y Growth 
      4.5.2 Digital Pen Market Absolute $ Opportunity 


Chapter 5 Global Digital Pen Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Digital Pen Market Size Forecast by Product
      5.2.1 Handwriting
      5.2.2 Scanning
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Digital Pen Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Digital Pen Market Size Forecast by Application
      6.2.1 Healthcare
      6.2.2 BFSI
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Digital Pen Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Digital Pen Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Digital Pen Analysis and Forecast
   9.1 Introduction
   9.2 North America Digital Pen Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Digital Pen Market Size Forecast by Product
      9.6.1 Handwriting
      9.6.2 Scanning
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Digital Pen Market Size Forecast by Application
      9.10.1 Healthcare
      9.10.2 BFSI
   9.11 Basis Point Share (BPS) Analysis by Application 
   9.12 Absolute $ Opportunity Assessment by Application 
   9.13 Market Attractiveness Analysis by Application

Chapter 10 Europe Digital Pen Analysis and Forecast
   10.1 Introduction
   10.2 Europe Digital Pen Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Digital Pen Market Size Forecast by Product
      10.6.1 Handwriting
      10.6.2 Scanning
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Digital Pen Market Size Forecast by Application
      10.10.1 Healthcare
      10.10.2 BFSI
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application

Chapter 11 Asia Pacific Digital Pen Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Digital Pen Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Digital Pen Market Size Forecast by Product
      11.6.1 Handwriting
      11.6.2 Scanning
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Digital Pen Market Size Forecast by Application
      11.10.1 Healthcare
      11.10.2 BFSI
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application

Chapter 12 Latin America Digital Pen Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Digital Pen Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Digital Pen Market Size Forecast by Product
      12.6.1 Handwriting
      12.6.2 Scanning
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Digital Pen Market Size Forecast by Application
      12.10.1 Healthcare
      12.10.2 BFSI
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application

Chapter 13 Middle East & Africa (MEA) Digital Pen Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Digital Pen Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Digital Pen Market Size Forecast by Product
      13.6.1 Handwriting
      13.6.2 Scanning
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Digital Pen Market Size Forecast by Application
      13.10.1 Healthcare
      13.10.2 BFSI
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application

Chapter 14 Competition Landscape 
   14.1 Digital Pen Market: Competitive Dashboard
   14.2 Global Digital Pen Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 e-Pens
      14.3.2 Livescribe
      14.3.3 Neo Smart Pens
      14.3.4 IRIS
      14.3.5 Sony
      14.3.6 ACE CAD
      14.3.7 Kent Displays
      14.3.8 Neo Slate
      14.3.9 Luidia
      14.3.10 Wacom
Segments Covered in the Report
The global Digital Pen market has been segmented based on

By Product
  • Handwriting
  • Scanning
By Application
  • Healthcare
  • BFSI
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • e-Pens
  • Livescribe
  • Neo Smart Pens
  • IRIS
  • Sony
  • ACE CAD
  • Kent Displays
  • Neo Slate
  • Luidia
  • Wacom

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