About Drawing Tablet
A drawing tablet is defined as the computer input device which allows a user to hand-draw images and other design. It is also known as a graphic tablet. Numerous advantages of using drawing tablets such as freedom to draw without any restrictions, able to make illustrations easier, eco-friendly, producing high-quality images with proper accuracy and others. It is used to capture data as well as handwritten signatures. Increasing usage of drawing tablet in various application such as industrial design, animation and film, advertising, others are likely to be the prime driver for the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
The drawing tablet market is highly fragmented with several major players such as Wacom (United States), Shenzhen Huion Animation Technology Co., Ltd. (China), Shenzhen Ugee Technology Co., Ltd. (China), among othersThe Players having a strong hold in the market are Wacom, Huion, UGEE, among others. Analyst at AMA Research estimates that China Players will contribute the maximum growth to Global Drawing Tablet market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wacom (United States), Shenzhen Huion Animation Technology Co., Ltd. (China), Shenzhen Ugee Technology Co., Ltd. (China), ViewSonic Corporation (United States), Samsung (South Korea), Hanwang Technology Co (China), Bosto (China), PenPower Technology Ltd. (China) and Adesso Inc (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Drawing Tablet market by Type (1024 Level, 2048 Level and Others), Application (Industrial Design, Animation & Film, Advertising and Others) and Region.
On the basis of geography, the market of Drawing Tablet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Material, the sub-segment i.e. Plastic will boost the Drawing Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness among Consumer Regarding the benefit of Drawing Tablet Products
Market Growth Drivers:
Rising Disposal Income among Middle-Class Families in Asia Pacific Region and Rising usage of Drawing Tablet in Various Application such as Industrial Design, Animation, and Film, among others
Challenges:
A problem regarding the Lack of Awareness of Drawing Tablet
Restraints:
Issue related to Drawing tablet is expensive and are Not Actually Useful for General Purpose and The major concern regarding the Changing Preference of Users for Buying Products
Opportunities:
Growing Demand from Emerging Economics Market Such as China, India, Brazil, among Others
In July 2019, the HUION Company has launched HS64 special edition drawing tablet in collab with CHIPS&CO, which provides flexible whether artist is righty or lefty. Hence, this will increase the product portfolio of the company.
Key Target Audience
Manufacturers of Drawing Tablet, Suppliers of Drawing Tablet, Wholesalers, Distributors, and Retailers of Drawing Tablet, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.