Latest market study on “Pen tablet Market to 2027 by Pressure Level (1024 Level, 2048 Level, 4096 Level, and 8192 Level); End-Use (Illustrators, Animators, Photographers & Graphic Designers; Architects, Engineers & Industrial design; Medical & Healthcare; Education & Training; and Others) – Global Analysis and Forecast”, the pen tablet market is estimated to reach US$ 803.9 Mn by 2027 from US$ 348.8 Mn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
The graphics tablets manufacturers across the globe are experiencing fair demands from various industries which are creating a decent business space for the market players and boosting the growth of pen tablet market. According to the Industrial Designer Society of America (IDSA), several small, medium and large enterprises are introducing creative displays and pen tablets for the designing purpose of various products. From ideation to iteration to rendering to modeling, these pen tablets offer designers with exclusive tools to discover digital creation in a natural, ergonomic and comfortable way. In addition, an increasing number of partnerships to boost the usage of pen tablets in the developed countries is posing a prominent future for the pen tablet market. Similarly, Wacom and Magic Leap partnered together with an aim to create an optimistic vision for the future of productivity. The key aim of this partnership is to facilitate the designers during designing their artwork by using Magic Leap’s One Headset connected to a Wacom Intuos Pro pen tablet. With the usage of two advanced technologies, designers can use the separate three-button Pro Pen 3D stylus to control their content on a platform called Spacebridge, which streams 3D data into a spatial computing environment. These partnerships and introduction of pen tablets or graphics tablets in industrial designing are anticipated to accentuate the market growth for the pen tablet market.
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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.
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.
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Pen Tablet Market – Company Profiles
- Adesso Inc.
- GAOMON Technology Corporation
- Huion Animation Technology Co., Ltd.
- Monoprice, Inc.
- PenPower Technology Ltd.
- Shenzhen Ugee Technology Co., Ltd. (UGEE)
- Wacom Co., Ltd.
- XPPen Technology CO.
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