Global Graphics Tablet Market Report 2023: Sector is Expected to Reach $1.4 Billion by 2030 at a CAGR of 11.5% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Graphics Tablet Market Size, Share, and Growth Analysis by Component, Application, Distribution Channel, and Region - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The global graphics tablet market size was valued at USD 476.58 million in 2021 and is poised to grow from USD 531.39 million in 2022 to USD 1415.42 million by 2030, growing at a CAGR of 11.5% in the forecast period (2023-2030).

A graphics tablet, often referred to as a digitising tablet or pen tablet, is a tool used by illustrators, graphic designers, and other creatives to produce digital sketches and designs. With the use of a special stylus and the tablet, users may create drawings that are directly transferred into digital signals and seen on a computer screen.

Segments covered in this report

The Global graphics tablet market is segmented based on the Component, Application, Distribution Channel, type, and region. Based on the Component, the market is segmented into Tablet, Stylus, and Software. Based on the Application, the market is segmented into Industrial Design, Animation, Special Effects Film, Advertising, and Other. Based on the Distribution Channel, the market is bifurcated into Online, and Offline. By type, the market is segmented into Passive Tablet, Acoustic tablet, Optical Tablet, Capacitive Tablet, Active Tablet and Electromagnetic Tablet. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The graphics tablet market is the increasing demand for digital content creation. With the rise of digital media and the internet, there is a growing need for high-quality digital content, such as illustrations, animations, and graphic designs. Graphics tablets offer artists and designers a more natural and intuitive way to create digital artwork, which can result in higher quality and more engaging content.

Additionally, the growth of the design and animation industry is driving the demand for graphics tablets. As more businesses and organizations invest in digital marketing and content creation, the demand for skilled designers and animators is increasing, which in turn is driving demand for graphics tablets.

Restrain

The graphics tablet market is the high cost of the devices. Graphics tablets can be expensive, especially for high-end models with advanced features and larger drawing surfaces. This can limit the adoption of graphics tablets, especially among casual users and hobbyists.

Additionally, the growing availability of other digital drawing tools, such as touch screen devices and mobile apps, can be a restraint for the graphics tablet market.

Trend

The graphics tablet market is the increasing focus on wireless and portable devices. This includes the development of smaller and lighter graphics tablets, as well as wireless connectivity options that allow users to work from anywhere. Another trend is the integration of new technologies, such as pressure sensitivity, tilt recognition, and touch gestures, which offer more natural and intuitive ways to interact with digital artwork.

Additionally, the development of specialized software and apps for graphics tablets is a trend that is making it easier for artists and designers to create and share their work. Finally, the growing interest in digital art and the increasing popularity of social media platforms for sharing artwork is driving the demand for graphics tablets.

Companies Mentioned

• Wacom Co., Ltd.
• Huion Animation Technology Co., Ltd.
• XP-Pen Technology Co., Ltd.
• Shenzhen Ugee Technology Co., Ltd.
• Hanvon Ugee Technology Co., Ltd.
• Gaomon Technology Corporation
• Parblo Technology Co., Ltd.
• Turcom Electronics
• Shenzhen Huion Animation Technology Co., Ltd.
• VEIKK Technology Co., Ltd.
• Artisul
• PenPower Technology Ltd.
• UGEE Technology Co., Ltd.
• Yiynova Technology Limited
• Adesso Inc.
• Bosto International Co., Ltd.
• ViewSonic Corporation
• Hahakee Technology Co., Ltd.
• Acepen
• Xencelabs

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