Epson America, Inc., Wacom Co., Ltd., Hanwang Technology Co., Ltd, and Microsoft Corporation, among others, are the major players in the global stylus pen market.
In the forecast period of 2022-2027, the global stylus pen market is projected to grow at a CAGR of 5.3%. As per the analysis by Expert Market Research, the global stylus pen market is being driven by the rapid advancement in technology and the increasing popularity of devices equipped with touchscreens, including tablets and smartphones, among others.
The rapid advancement of technology and increasing demand for touch screen devices is significantly boosting the market growth of stylus pens. Companies like Samsung, Microsoft, and Lenovo are providing stylus pens with their products. The growing demand for smartphones and tablets produced by these companies is helping the market growth. The rising digitisation in every sector, particularly education, is aiding the growth of the stylus pen market tremendously. Many educational institutions are transforming their curriculums to integrate technologically advanced learning models into their systems. This has led to a major increase in the demand for whiteboards, thereby increasing the demand for stylus pens as well.
The Asia Pacific region is a major market for stylus pens and is expected to contribute significantly over the forecast period. The major factors include increased inclination towards e-learning, growth in the number of students, and increased acceptance of the technology. The rising disposable incomes, and the immense popularity of gadgets in developing nations is also helping in the market growth.
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|Headquarters:||California, United States|
Epson America deals with the manufacture of technological products. The company’s products include printers, scanners, projectors, systems devices, and provides professional imaging services. This company also manufactures digital cameras, home theatre systems, and document cameras. The products offered by the company are used in several industries such as education, financial, hospitality, healthcare, manufacturing, logistics, and retail.
Wacom is a global leader in the pen display and tablet market. The company provides state-of-the-art digital ink solutions for a vast range of partners who produce smartphones, digital stationery, and tablets. The products produced by this company are used in film and 3D animation, digital art, industry design, and game development.
The company is a leader in character recognition technology and intelligent interactive products globally. The company uses core technology as its foundation and develops market-oriented products. These products include general ones such as dictionary pens, HW pens, wise readers, business card storage, starter edition scanners, and drawing tablets, and specific identify products for text and graphic in industries like education and finance.
|Headquarters:||Albuquerque, United States|
Microsoft is a world-famous company that deals with the development, manufacture, licencing, and selling of software products. The company produces computer software, personal computers, consumer electronics, and related services. Their most famous products are the Windows line of operating systems and the Microsoft Office. Microsoft has its operations in over 170 countries and is considered as one of the biggest companies in the information technology industry globally.
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