Global Graphics Tablet Market is anticipated to exceed USD 1196.72 Million by 2028, By SkyQuest Technology
Global Graphics tablet market was valued at US$ 714.32 million in 2021, and it is expected to reach a value of US$ 1196.72 million by 2028, at a CAGR of 7.65% over the forecast period (2022 2028).The rise in digitization, growing preference for more hi tech approaches, and technology in most industries have shifted consumers' preference toward graphics tablets. These tablets are becoming increasingly popular among artists because they are easier to transport than traditional drawing methods. It has contributed to the growth of the graphics tablet market, as evidenced by the increase in market participants.The growing number of digital artists in various industry verticals such as graphic design, fashion design, architectural design, and industrial design is expected to drive the graphics tablet market significantly.
Globally expanding animation and design industries, as well as the quick growth of digital content creation in countries such as the United States, Japan, and especially China, are all factors that will contribute to the global graphics tablet market's steady growth over the course of the forecast period. The graphics tablet market is anticipated to be significantly impacted by an exponential rise in the number of digital artists working in a variety of industry verticals, such as graphic design, fashion design, architectural design, and industrial design. An increase in consumer disposable income and a desire for technologically cutting edge features in graphics tablets across various industries are additional factors driving demand for graphics tablets.
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Read market research report, "Global Graphics Tablet Market By Component (Tablet, Stylus, Software),By Application(Industrial Design, Animation, Special Effects Film, Advertising, Other), By Distribution Channel (Online, Offline) & By Region Forecast and Analysis 2022 2028” by SkyQuest
Few global players dominate the market. Pricing is competitive among companies in the graphics tablet market. To gain a significant market share, key players in the graphics tablet market are employing strategies such as product launch, mergers and acquisitions, and high R&D investments. WACOM is a major player in the graphics market in terms of revenue. According to WACOM's
annual report from April 2019 to March 2020, net sales reached $765.6 million, up from $773.6 million the previous year. However, sales of graphics tablets increased exponentially as a result of the growing culture of working or studying from home, as well as increased media consumption. According to WACOM's annual report from April 2020 to March 2021, net sales reached $ 938.1 million, a 21% increase.
The North American graphics tablet market is expected to grow significantly during the forecast period, accounting for the majority of the market.The early adoption of cutting edge technologies by the region's developed nations is the main factor driving the market. Early digitization increased the use of graphics tablets for architects, engineers, comics, animations, drafting, designing, and graphic novels in countries such as the United States and Canada. Additionally, the existence of significant market participants has helped the market in terms of product innovation and technological advancement.
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One of the most significant disadvantages of graphics tablets is that they can be quite expensive, depending on the make and model. Even if the system is useful, the cost may deter independent artists or small studios from investing. Large scale deployment may also entail a significant investment. When repairs and replacements are taken into account, the price rises over time as tablets become damaged or worn out.
The report published by SkyQuest Technology Consulting provides in depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Scope & Segmentation
Report Attribute Details
Growth Rate CAGR of 7.56% from 2021 to 2028
The base year for estimation 2021
data
period
coverage
2020
to 2028
forecast,
factors,
Segments
Regional scope North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope US, Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
Wacom (Japan)
Huion Animation Technology Co., Ltd. (China)
Shenzhen Ugee Technology Development Co., Ltd. (China)
Xppen Technology Co. (US)
Monoprice, Inc. (US)
Gaomon Technology Corporation (China)
Penpower Technology Ltd. (US)
Parblo Inc. (China)
ViewSonic (US)
Samsung (South Korea)
Customization scope Free report customization
country,
Pricing and purchase options
With Our Analyst:
What does this Report Deliver?
Profiles
purchase. Addition
has segmented the Global Graphics Tablet Market based on the Component, Application, Distribution Channel,and Region:
Global Graphics Tablet Market by Component(Revenue, USD Million, 2022 2028)
Tablet
Stylus
Software
Global Graphics Tablet Market by Application (Revenue, USD Million, 2022 2028)
Industrial Design
Animation
Special Effects Film
Advertising
Other
Global Graphics Tablet Market by Distribution Channel
USD Million, 2022 2028)
Online
Offline
Global Graphics Tablet Market Regional Outlook (Revenue, USD Million, 2022 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
South Africa
of MEA
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