The digital pen demand will reach USD 6,410 million by 2030, progressing at a rate of 13.6% by the end of this decade.
The industry is powered by the increasing disposable income, snowballing use of digital pens for eliminating paperwork, and mounting requirement for cutting-edge features of digital pens.
Digital Pen Market
Active pens led the digital pen market with a share of 46%, in 2022. These pens permit users to write directly onto a computing device, as well as a tablet computer, smartphone, and ultra-book.
The cursor is continuously underneath the tip; therefore, they are extremely precise. The key advantage of the active pen is its improved functionality. These are easy to use while also sustaining more intricate necessities.
They are the first-choice of digital artists, independent writers, illustrators, graphic designers, and educators. Moreover, it addresses the problem of paper signatures and supporting e-signatures.
The multiple OS category had the larger share, of over 70%, in 2022. Furthermore, digital pens with in excess of one operating system compatibility have been also prevalent amongst users.
Also, more than a few consumers nowadays own over one phone, with diverse operating systems, as a result of which the requirement for digital pens with numerous operating system compatibility is rising.
Clinical documentation led the industry in terms of revenue. These kinds of pens permit clinicians to employ their preferred technique of documentation, dictation, as well as voice recognition, and transcription of medical documentation, into digitalized forms.
It also helps in the integration of clinical language understanding and natural language processing, which benefits in examining the clinical data.
Tech progressions in digital knowhows and cutting-edge features of digital pens are playing an essential role in the development of the market. The fast expansion of computer technology is snowballing HCI activities.