Technological Advancement to Drive Digital Pen Market Forward

Digital Pen Market

Global Digital Pen Market
The increasing demand for digital pens owing to their advanced features and rising
disposable income have contributed to the growth of the digital pen market, which
generated a revenue of $773.5 million in 2017. It is expected to grow at an 18.4%
CAGR during the forecast period (2018–2023).
Digital pens are tools that capture information on a digital surface, such as a specially
designed digital paper or a liquid crystal display (LCD) screen. These pens mostly
have built-in scanners and handwriting recognition software, which converts the
handwritten text into the typed form.
A shift toward digital learning methods is being observed in the digital pen market.
The advancement and ease of use of technology have enabled the students and
teachers alike to shift from traditional learning methods, such as books and pens to
digital devices including mobile phones, computers, and laptops devices that are
compatible with digital pens.
The usage of these pens on digital whiteboards in educational institutes encourage
interactive learning among students and help them conveniently share and record the
content as per their requirement.
Another major trend in the digital pen market is the use of such electronics in art and
design work. This enables artists to sketch in a freehand manner, but on a digital
platform. The illustrations and designs are then smoothly transferred to a computer,
where further modifications can be done with ease, and the work can be stored for a
long time without losses in the print quality.
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Global Digital Pen Market
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