DUBLIN–(BUSINESS WIRE)–The “Stylus Pen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global stylus pen market reached a value of around US$ 12 Million in 2020. Looking forward, the global stylus pen market to exhibit strong growth during the next five years.
With the recent growth in the production of devices equipped with touchscreens, stylus pens are increasingly replacing hardware pointing devices such as mouse and trackpad.
Growing digitization along with technological advancements across various sectors is one of the key factors driving the market growth. For instance, digitization in the education sector has ushered in the era of smart class and interactive whiteboards (IWB) of which stylus pens form a crucial part. With online teaching and training methods gaining preference over the conventional form of teaching, the demand for stylus pens is receiving a boost.
Furthermore, the increasing usage of digital pens in creating digital artwork has further increased the demand for these pens in the education and related sectors. Additionally, technological developments in tablets and smartphones have created an extensive demand for these pens owing to the user-friendly experience provided by them.
Other factors such as rising disposable income leading to an increasing consumer expenditure capacity is also driving the market growth.
Report Coverage:
Historical, Current and Future Market Trends Market Breakup by Product Type:
Resistive Stylus Capacitive Stylus Active Stylus Market Breakup by Distribution Channel
Online Offline Market Breakup by Application:
Smart Phones Tablets Interactive Whiteboards Market Breakup by End-User
OEM Retail Market Breakup by Region:
North America Asia Pacific Europe Middle East and Africa Latin America For more information about this report visit https://www.researchandmarkets.com/r/lklt3q