Graphic Pen Display Market Overview
The Graphic pen display comprises of an electronic device such as tablets, smart pads or other electronic equipment and the pressure pen that functions on the principle of electromagnetic induction. Graphic pen display market has main contribution in digital creativity and is likely to witness promising development in the near future. Both 2D and 3D animators use a graphic tablet along with a pen for sketching characters, drawing storyboards, creating backgrounds, and animating frames on the screen, hence driving the development of the market. Additionally, it offers benefits in the classrooms such as teaching the students to use the products that will help them in their professional career and assuring that the students have the tools that are required for creating a job winning portfolios, thus propelling the market. Besides, more and more educational institutes are providing programs on the game development. Accordingly, it will also increase the growth of the market because of the new customer base developed in the market. The Global Graphic Pen Display Market was registered at USD 106.4 billion in 2016 and is likely to reach USD 171.13 billion by 2024 at a CAGR of 6.12% during the forecasting period.
Drivers and Restraints:
Over portable tablets graphic pen displays are preferred because of their better precision, bigger size and sensitivity. Ease of handling, shortcut features, touch accessibility, simple setup and quick response are main factors encouraging the demand for graphic pen displays. Furthermore, involvement of graphic pen display technology in online education media is becoming a new digital trend, resulting in quick development of graphic pen display market. The main concern for children using graphic tablets between 7 to 10 age group are screen display and writing space. Best quality graphic pen displays comes at higher price, which hinders its sales and adoption rate in developing and under-developed economies.
Geographically, Global Graphic Pen Display Market has been divided into various areas like Europe, North America, Asia-pacific, Latin America, and Middle East & Africa and rest of the world. Global Graphic Pen Display Market has been mainly dominated by North America, followed by Europe.
The companies leading in Global Graphic Pen Display Market are Huion, VisTablet Systems, Artisul, Bosto, LLCDell Inc., Addesso, Wacom Co. Ltd., Hanvon, Ugee Co. Ltd., Genius, Microsoft Corporation, Parblo, ELMOMonoprice, Pen Power, XP-Pen and YIYNOVA.
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