In 2023, the global digitizer market is estimated to be worth around US$ 1,673.3 million. The global digitizer market is expected to develop at a 16.8% CAGR from 2023 to 2033, reaching a value of US$ 7,929.3 million by 2033.
The digitizer market is likely to grow at a solid CAGR in the near future due to the increasing use of mobiles, tablets, and other devices embedded with digitizers. Mobile phones and tablets have become an unavoidable part of modern life. Nobody can picture their day without their smartphone.
Data Points | Key Statistics |
---|---|
Expected Market Value (2023) | US$ 1,673.3 million |
Anticipated Forecast Value (2033) | US$ 7,929.3 million |
Projected Growth Rate (2023 to 2033) | 16.8% CAGR |
This is the primary application of digitizers. Digitizers only do one thing: they transform analog signals into digital signals. Digitizers make digital artwork easier to create and, hence, more accurate. You can't always rely on a mouse. There are several types of digitizers, the most common of which are digitizers without displays. always rely on a mouse. There are several types of digitizers, the most common of which are digitizers without displays.
These digitizers are popular among architects and animation artists because they use a specialized digital pen to draw data accurately. The rising usage of e-learning and one-on-one learning is one of the most closely studied trends in the digitizer industry.
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The global demand for digitizers is projected to increase at a CAGR of 16.8% during the forecast period between 2023 and 2033, reaching a total of US$ 7,929.3 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 14.7%. The global demand for digitizer is projected to increase at a CAGR of 16.8% during the forecast period between 2023 and 2033, reaching a total of US$ 7,929.3 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 14.7%.
One of the primary drivers of the digitizer industry is the expanding CAD market. Because CAD software is utilized in every sector today, including automotive, aerospace and military, industrial equipment, and electrical and electronics, its increasing use is likely to influence the digitizer market directly. Other aspects that lead to increased digitizer usage include improved fidelity measurement, signal integrity, and measurement throughput.
Graphic tablets are relatively expensive, and the key reason impeding this market's growth is the high cost. People can avoid the high costs associated with digitizers by exploring alternate choices. The costs increase when repairs and replacements are added to the costs of digitizers as they wear out or are damaged over time. Although not acceptable in the short term, preferred investments for industrial applications can be predicted to improve the growth of the digitizer industry in the long run.
Expanding CAD Market to Drive Digitizer Market Growth
One of the primary drivers of the digitizer industry is the expanding CAD market. Because CAD software is increasingly utilized in every industry, including automotive, aerospace and military, industrial equipment, and electrical and electronics, its increasing use is likely to influence the digitizer market directly. Other variables influencing digitizer use in diverse industries include improved fidelity measurement, signal integrity, and measurement throughput.
For instance, Dassault Systèmes SE announced the release of 3DEXPERIENCE WORKS in February 2020, which gives SOLIDWORKS customers a linked, integrated, and automated manner of optimizing their work processes and saving time and money. The new offering also includes 3D Creator and 3D Sculptor, which are next-generation design applications that can run in any browser and allow users to extend and improve what they can do with SOLIDWORKS by choosing from dozens of other powerful 3DEXPERIENCE WORKS applications and only using the ones they need for their tasks.
High Cost of Digitizers to Impede Market Growth
The biggest impediment to the expansion of this industry is its high cost, as graphic tablets are relatively expensive. People might avoid the costly investments associated with digitizers because various solutions are accessible.
When the digitizers wear down or get damaged throughout their lives, the expenses for repairs and replacements rise. Though they may not be accepted in the short term, preferred investments for industrial applications are projected to drive digitizer market growth in the long run. Though they may not be accepted in the short term, preferred investments for industrial applications are projected to drive digitizer market growth in the long run.
Research and Development Creating Opportunities for Digitizer Providers
While North America witnessed tremendous growth with the introduction of digitizers, this trend is projected to continue during the projection period. In the developed economies of the USA and Canada, there is a strong emphasis on innovations produced via Research and Development to improve accuracy, which is predicted to drive market growth.
Due to these reasons, North America is expected to possess a 33.1% market share by registering a CAGR of 16.6% for the digitizer market in the assessment period 2023 to 2033.
Growing Use of CAD Software Fuelling Rapid Adoption
Asia Pacific is predicted to be the fastest-growing market for digitizers. The primary cause is the growing use of CAD software in the automobile industry.
For example, Nissan Motors, a Japanese automaker, has been under great pressure to build environmentally friendly vehicles, minimize time to market, and support their worldwide supplier. This prompted the firm to implement NX I-ideas and Siemens PLM Software NX, which significantly shortened the product development cycle and vehicle after-sales troubles.
The growing knowledge of the benefits of moving to the cloud and the rapid adoption of breakthrough technologies are some of the causes persuading organizations to modify their IT infrastructure to ensure future development. Organizations are embracing digitizers to improve customer experience and streamline company operations by empowering employees to make educated decisions. The growing number of mobile phone users, the expansion of web-based commerce, and the increased usage of data analytics are all aspects that are expected to drive to ensure future development. Organizations are embracing digitizers to improve customer experience and streamline company operations by empowering employees to make educated decisions. The growing number of mobile phone users, the expansion of web-based commerce, and the increased usage of data analytics are all aspects that are expected to drive the region's market growth. Thus, Asia Pacific is expected to procure a 15% market share for the digitizer market in 2023.region's market growth.
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Based on type, the digitizer market is segmented into two types these are digitizers without a display and embedded display digitizers. The digitizer without a display is made from a flat pad and a specialized digital pen. These types of digitizers are popular among architects and animation designers.
On the other hand, embedded display digitizers do not require a specialized pen and allow the user to draw directly on the screen using anything, including a touch of the finger, which the screen interprets as input. The user may draw directly on the screen in this form of the digitizer. They greatly value Artists and other hobbyists. The most common form of digitizer is a digitizer without a display, and it is anticipated to grow at a CAGR of 15% in the sales indicator period 2023 to 2033.
Moon Digitizing, Bosto, Gammon Technology, Hanwang Technology, PenPower, Shenzhen Ugee Technology, Huion Technology, Tsinghua Tongfang, and ViewSonic are some of the startups in the digitizer market.
Some of the eminent players in the global digitizer market are Wacom, GTCO CalComp, Agilent Technologies, CD-digitizer, Immersion, Hongke, Spectrum, Aeroflex, ADLINK, Assomac, Han-Bond Group, and Aiptek International.
Recent Developments in the Digitizer Market:
Report Attribute | Details |
---|---|
Market Value in 2023 | US$ 1,673.3 million |
Market Value in 2033 | US$ 7,929.3 million |
Growth Rate | CAGR of 16.8% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
The market is valued at US$ 1.6 billion in 2023.
Wacom, GTCO CalComp, and Immersion are key market players.
From 2018 to 2022, the market registered a CAGR of 14.7%.
Continually expanding CAD market to boost the growth.
North America to expand at a CAGR of 16.6% through 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Without Display
5.3.2. Embedded Display
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. Industrial Machinery
6.3.4. Electrical & Electronics
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Type
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Type
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Type
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Type
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Type
15.5.2.2. By Application
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Type
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Type
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Type
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Type
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Type
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Type
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Type
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Type
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Type
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Type
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Type
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Type
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Type
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Type
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Type
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Type
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Type
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Type
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Wacom
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. GTCO CalComp
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Immersion
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Hongke
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Spectrum
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Aeroflex
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. ADLINK
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Assomac
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Han-Bond Group
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Aiptek International
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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