Pen Tablet Market Share, price, Outlook 2027
The global pen tablet market accounted to US$ 348.8 Mn in 2018 and is expected to grow at a CAGR of 9.8% during the forecast period 2019 - 2027, to account to US$ 803.9 Mn by 2027.
Asia-Pacific was the leading geographic market in 2018 and it is anticipated to be the highest revenue contributor throughout the forecast period.
Market Insights
Attractive demand for the pen tablet market is anticipated in countries such as China and Japan
Globally, several countries have undertaken initiatives to propel the digitization across industries, which is expected to ease and smoothen various activities in the industries. The rapid escalation in digitalization practices is influencing various industries to procure advanced electronics to shift from paper-based work to digital content based work. The shift towards digital content based work facilitates in 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 the 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. Moreover, various industries in China, the US, and Japan have heavily integrated pen tablets to boost the digital content and the same is expected to continue in the coming years. Thus, the rapid expansion in digital content creation across the globe is driving the pen tablet market.
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Pen Tablet Market: Strategic Insights
Pen Tablet Market
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CAGR (2018 - 2027)
9.8%
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Market Size 2018
US$ 348.8 Million
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Market Size 2027
US$ 803.9 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- ADESSO INC
- GAOMON TECHNOLOGY CORPORATION
- HUION ANIMATION TECHNOLOGY CO LTD
- MONOPRICE INC
- PARBLO TECH CO LTD
- PENPOWER TECHNOLOGY LTD
- SHENZHEN UGEE TECHNOLOGY DEVELOPMENT CO LTD
- TURCOMUSA
- WACOM CO LTD
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Pressure Level
- 1024 Level
- 2048 Level
- 4096 Level
- 8192 Level
End-Use
- Illustrators
- Animators
- Photographers & Graphic Designers
- Architects
- Engineers & Industrial design
- Medical & Healthcare
- Education & Training
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Pen Tablet Market: Strategic Insights
-
CAGR (2018 - 2027)9.8% -
Market Size 2018
US$ 348.8 Million -
Market Size 2027
US$ 803.9 Million
Market Dynamics
- XXXXXXX
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- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- ADESSO INC
- GAOMON TECHNOLOGY CORPORATION
- HUION ANIMATION TECHNOLOGY CO LTD
- MONOPRICE INC
- PARBLO TECH CO LTD
- PENPOWER TECHNOLOGY LTD
- SHENZHEN UGEE TECHNOLOGY DEVELOPMENT CO LTD
- TURCOMUSA
- WACOM CO LTD
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- 1024 Level
- 2048 Level
- 4096 Level
- 8192 Level
- Illustrators
- Animators
- Photographers & Graphic Designers
- Architects
- Engineers & Industrial design
- Medical & Healthcare
- Education & Training
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Significant demand from animation industry to propel the growth of pen tablets in the forecast period
The animation industry is undoubtedly among the fastest and prospering sector worldwide. Since the inception, the animation industry on a global scenario is booming exponentially year on year, attributing to the advancements in the internet infrastructure and satellite channels in the developed countries as well as economically growing counties. Earlier animation movies and shows were aimed at children and were made in a moderate budget and the use of modern and advanced technology was limited. However, in this modern era, the animation industry is progressing phenomenally. The animation industry in the developed countries and developing countries is experiencing a paradigm shift from 2D animation to 3D animation. One of the key trends in the modern animation industry is the usage of 3D animation software; also, the usage of graphics tablets or pen tablets play a critical role in designing the animated images. This would drive the pen tablet market during the forecast period.
Segment by Pressure Level Insights
The global pen tablet market by pressure level has been segmented into 1024 Level, 2048 Level, 4096 Level, and 8192 Level. The pen tablets have an integrated pressure sensitive capacitor that tracks the amount of pressure on the pen when anything is drawn by the user. The thickness of the line drawn varies as per the pressure applied by the user. Also, higher the pressure level integrated with the pen tablet, more is the detail of information captured. More pressure sensitivity will give the user more options related to the thickness of the line. The 2048 level segment led the pen tablet market in 2018 and it is expected to lose its dominance to 8192 level as a result of large demand on account of higher accuracy provided by the segment.
Segment by End-Use Insights
The global pen tablet market by end-use has been segmented into Illustrators, Animators, Photographers, and Graphic Designers; Education and Training; Medical and Healthcare; and others. The pen tablet market by end-use was led by illustrators, animators, photographers & graphic designers segment. The animation industry has been in prominence since decades, and with rising importance of animation and prototyping in various industry verticals, its importance has further increased over the years. Animators of today serve the gaming industry, as well as the media and entertainment industry. Pen tablet are characterized by power and versatility, and are thereby used by animation artists for quicker and effective results. The ease of handling, higher efficiency and productivity coupled with enabling quicker time to market of the product has led to proliferated demands of pen tablets amongst the animators, graphic designers, and the photographers.
New market initiatives were observed off late by companies in global pen tablet market. Few of the recent market initiatives are listed below:
2019:XP-Pen Deco Pro Won the 2019 Red Dot Design Award. In its deliberations, the Red Dot jury honored the Deco Pro for combining traditional input methods with a graphics tablet in an intelligent way and enhancing and enriching the creative process.
2018:Wacom Co., Ltd. team up with Magic Leap to deliver spatial computing and pen input solution. Through this collaboration, both the companies aim to provide the best instruments for creative expression and their unique solution, combining precision pen input with spatial computing.
2018:XP-Pen entered into a strategic and technical cooperation with Ugee Technology Co. Ltd and Hanvon Technology Co., Ltd.
Pen Tablet Market Report Scope
Report Attribute | Details |
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Market size in 2018 | US$ 348.8 Million |
Market Size by 2027 | US$ 803.9 Million |
Global CAGR (2018 - 2027) | 9.8% |
Historical Data | 2016-2017 |
Forecast period | 2019-2027 |
Segments Covered |
By Pressure Level
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
GLOBAL PEN TABLET – MARKET SEGMENTATION
By Pressure Level
By Pressure Level
- 1024 Level
- 2048 Level
- 4096 Level
- 8192 Level
By End-Use
- Illustrators, Animators, Photographers & Graphic Designers
- Architects, Engineers & Industrial design
- Medical & Healthcare
- Education & Training
- Others
By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- China
- India
- Australia
- Japan
- Rest of Asia Pacific
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of South America (SAM)
Pen Tablet Market - Company Profiles
- Adesso Inc.
- Parblo
- GAOMON Technology Corporation
- Huion Animation Technology Co., Ltd.
- Monoprice, Inc.
- PenPower Technology Ltd.
- Shenzhen Ugee Technology Co., Ltd. (UGEE)
- TurcomUSA
- Wacom Co., Ltd.
- XPPen Technology CO.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Pressure Level ; End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- ADESSO INC.
- GAOMON TECHNOLOGY CORPORATION
- HUION ANIMATION TECHNOLOGY CO., LTD
- MONOPRICE, INC
- PARBLO TECH CO, LTD
- PENPOWER TECHNOLOGY LTD.
- SHENZHEN UGEE TECHNOLOGY DEVELOPMENT CO., LTD
- TURCOMUSA
- WACOM CO., LTD.
- XPPEN TECHNOLOGY CO.