NEW YORK , Sept. 25, 2024 -- Report with market evolution powered by AI - The Digitizer Market size is estimated to grow by USD 70.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.21% during the forecast period. Development of innovative products leading to product premiumization is driving market growth, with a trend towards introduction of digitizers with customizable shortcut keys and compatible with multiple designs and artist software However, high product cost poses a challenge - Key market players include Adesso Inc., ADLINK Technology Inc., Beijing Veikk E commerce Co. Ltd., Eastman Kodak Co., GAOMON, GTCO Cal Comp, Hanvon Ugee Technology Co. Ltd., Immersion, Parblo, Pyle USA Sound Around Inc, Samsung Electronics Co. Ltd., Shenzhen BOSTO Technology Co. Ltd., Shenzhen Hanbang Mechanical and Electrical Co. Ltd., Shenzhen Huion Trend Technology Co. Ltd., Shenzhen Upin Technology Co. Ltd., TurcomUSA, UC Logic Technology Co., ViewSonic Corp., and Wacom Co. Ltd..
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Digitizer Market Scope | |
Report Coverage | Details |
Base year | 2023 |
Historic period | 2018 - 2022 |
Forecast period | 2024-2028 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.21% |
Market growth 2024-2028 | USD 70.2 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 3.07 |
Regional analysis | North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution | APAC at 28% |
Key countries | US, Japan, Germany, UK, and China |
Key companies profiled | Adesso Inc., ADLINK Technology Inc., Beijing Veikk E commerce Co. Ltd., Eastman Kodak Co., GAOMON, GTCO Cal Comp, Hanvon Ugee Technology Co. Ltd., Immersion, Parblo, Pyle USA Sound Around Inc, Samsung Electronics Co. Ltd., Shenzhen BOSTO Technology Co. Ltd., Shenzhen Hanbang Mechanical and Electrical Co. Ltd., Shenzhen Huion Trend Technology Co. Ltd., Shenzhen Upin Technology Co. Ltd., TurcomUSA, UC Logic Technology Co., ViewSonic Corp., and Wacom Co. Ltd. |
Market Driver
Digitizers are becoming increasingly popular among professionals and hobbyists due to their functionality and ease of use. Vendors are responding to user demands by introducing digitizers with customizable shortcut keys and compatibility with various designs and artist software. This widens the adoption of digitizers in industries worldwide. For instance, the Veikk VK1560 pen display offers eight customizable shortcut keys and quick dial compatibility with multiple software, including
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