Digitizer Market

Digitizer Market Snapshot (2023 to 2033)

In 2023, the global digitizer market is estimated to be worth around USD 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 USD 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)	USD 1,673.3 million
Anticipated Forecast Value (2033)	USD 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.

Digitizer Demand Analysis (2018 to 2022) Vs Market Outlook (2023 to 2033)

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 USD 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 USD 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.

Prominent Growth Drivers of the Digitizer Market

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.

Challenges Faced by the Digitizer Market

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.

Region-Wise Insights

North America to Hold the Lion's Share of the Digitizer MarketNorth America to Hold the Lion’s Share of the Digitizer Market

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.

What is the Growth Outlook of the Digitizer Market in the Asia Pacific?

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.

Category-Wise Insights

The Digitizer without a Display is the Leading Segment in the Digitizer Market

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.

Startups for Digitizer Market

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.

• Moon Digitizing is a well-known embroidery digitizing service provider that is part of a multinational company situated in the USA. Shakeel-ur-Rahman founded it in 2015. Moon Digitizing began in the early 1990s as an in-house digitizing studio, serving the requirements of several sister business units. It has since grown into a fully working stand-alone company that serves the end clients internationally, exclusively focusing on digitizing services. Rahman founded it in 2015. Moon Digitizing began in the early 1990s as an in-house digitizing studio, serving the requirements of several sister business units. It has since grown into a fully working stand-alone company that serves the end clients internationally with an exclusive focus on digitizing services.
• Gammon Technology is a Chinese high-tech company noted for its independent research and development of core technology, such as animation goods and handwriting input digitizer devices. The USB Pen Tablet, Wireless Pen Tablet, Signature Pad, Pen Tablet Monitor, and LED Tracing Board are the core products of Gaomon. It has been a well-known developer in the Chinese domestic market since 2011, thanks to a successful range of graphic tablet devices. Since September 2016, GAOMON has grown into a new market. This is primarily shown by the company's entry into the foreign market with the launch of the GAOMON S56K, which was offered on Amazon on September 7th, 2016. GAOMON goods will increasingly join the worldwide market in the future.Gaomon. It has been a well-known developer in the Chinese domestic market since 2011 thanks to a successful range of graphic tablet devices. Since September 2016, GAOMON has grown into a new market. This is primarily shown by the company's entry into the foreign market with the launch of the GAOMON S56K, which was offered on Amazon on September 7th, 2016. GAOMON goods will increasingly join the worldwide market in the future.

Market Competition

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:

• In June 2022, Agilent Technologies Inc. announced that its customer demonstration laboratory in Waldbronn, Germany, has acquired My Green Lab Certification at the highest level, the gold standard in laboratory sustainability best practices.
• In April 2022, ArtSpark Holdings Inc. and Wacom Co., Ltd. announced that they have formed a financing and business relationship. Through a third-party allocation, ArtSpark will issue new shares equal to 5% of its current share unit number, and Wacom will purchase the newly issued shares. Wacom will also acquire shares in ArtSpark from the public market, with a total shareholding ratio of less than 10%.
• In March 2022, CEVA, Inc., the leading licensor of wireless connectivity and smart sensing technologies, as well as an ST Authorized Partner, announced a collaboration with STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and Wacom Co., Ltd., the global leader and major pioneer in digital pen technology, announced a cooperation to provide an expanded digital pen experience with a new wireless sensor module that expands the digital pen's capability through sophisticated gesture, cursor, and motion control. The collaborative effort combines the three businesses' specialized talents to build a sophisticated, sensor-enabled digital pen that OEMs may use to add value to their smartphone, tablets, laptops, PCs, interactive whiteboards, or other smart-display devices.
• Assomac, a leading wire machinery group, extended its range of products by introducing products like dry wire drawing machines, specialized die boxes, wire flattening mills, and turnkey process plants, among others.
• July 2023 - ADLINK, a leading player in edge computing, launched the SuperCAT, a software-designed EtherCAT motion controller. This release ensures advancement in EtherCAT control solutions.EtherCAT control solutions.

Report Scope

Report Attribute	Details
Market Value in 2023	USD 1,673.3 million
Market Value in 2033	USD 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 USD 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	Type, Application, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel
Key Companies Profiled	Wacom; GTCO CalComp; Immersion; Hongke; Spectrum; Aeroflex; ADLINK; Assomac; Han-Bond Group; Aiptek International
Customization	Available Upon Request

Key Segments Profiled in the Digitizer Industry Survey

By Type:

• Without Display
• Embedded Display

By Application:

• Automotive
• Aerospace & Defense
• Industrial Machinery
• Electrical & Electronics

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Frequently Asked Questions

How big is the market in 2023? 

The market is valued at USD 1.6 billion in 2023. 

Who are the key market players? 

Wacom, GTCO CalComp, and Immersion are key market players. 

How is the historical performance of the market? 

From 2018 to 2022, the market registered a CAGR of 14.7%. 

What opportunities await the market players? 

Continually expanding CAD market to boost the growth.

What is the expected CAGR of North America’s market through 2033? 

North America to expand at a CAGR of 16.6% through 2033.