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Stylus Pen Market to grow by USD 374.47 million | Evolving Opportunities with Hitachi Ltd. and KYE Systems Corp | Technavio
[January 10, 2022]

Stylus Pen Market to grow by USD 374.47 million | Evolving Opportunities with Hitachi Ltd. and KYE Systems Corp | Technavio


NEW YORK, Jan. 10, 2022 /PRNewswire/ -- The stylus pen market is expected to be dominated by APAC during the forecast period. The region will account for 59% of the market's growth during the forecast period. China and India are the key countries for the stylus pen market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The rapid growth of e-learning is one of the prime factors that will drive the stylus pen market growth in APAC during the forecast period.

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The stylus pen market is set to grow by USD 374.47 mn from 2020 to 2025, according to Technavio. Moreover, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%.

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Read the 120-page report with TOC on "Stylus Pen Market Analysis Report by Application (Tablets and IWBs) and Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.

Drivers and Trends

The growing popularity of IWBs is one of the drivers impacting the growth of the stylus pen market. The scope of use of stylus pens has gained momentum with technological advancements in tablets. Nowadays, educational institutions are using new curriculum methods where Interactive whiteboard (IWB) and stylus pens have become crucial for interactive educational modes of learning. The IWB market is expected to grow, with the rising demand for advanced teaching methods. This will drive the growth of the stylus pen market during the forecast period.

The extensive application of the Universal stylus Initiative (USI) is a major trend that is gaining prominence in the stylus pen market. This is fueling the adoption of stylus pens. The objective of USI is to empower interoperability between arrangements from various makers and to empower new utilities of dynamic pens. The initiative will increase the use of stylus pens across various devices. These pens can be used in devices such as smartphones, tablets, and phablets. Thus, the various benefits of USI will drive the market's growth during the forecast period.

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Major Stylus Pen Companies:

  • Best Buy Co. Inc.
  • Hanwang Technology Co.,Ltd
  • Hitachi Ltd.
  • KYE Systems Corp
  • Microsoft Corp.
  • Newell Brands Inc.
  • Promethean Ltd.
  • Seiko Epson Corp.
  • Wacom Co. Ltd.
  • WALTOP International Corp.

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Stylus Pen Market Application Outlook (Revenue, USD mn, 2020-2025)

  • Tablets - size and forecast 2020-2025
  • IWBs - size and forecast 2020-2025

Stylus Pen Market Geography Outlook (Revenue, USD mn, 2020-2025)

  • APAC - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • Europe - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025
  • South America - size and forecast 2020-2025

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Stylus Pen Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 4%

Market growth 2021-2025

USD 374.47 million

Market structure

Fragmented

YoY growth (%)

4.05

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 59%

Key consumer countries

China, US, Germany, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Best Buy Co. Inc., Hanwang Technology Co.,Ltd, Hitachi Ltd., KYE Systems Corp, Microsoft Corp., Newell Brands Inc., Promethean Ltd., Seiko Epson Corp., Wacom Co. Ltd., and WALTOP International Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio


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