USD 476.58 million
Graphics Tablet Market Size, Share, Growth Analysis, By Component(Tablet, Stylus, Software), By Application(Industrial Design, Animation, Special Effects Film, Advertising), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45I2028 |
Region:
Global |
Published Date: February, 2024
Pages:
257
|Tables:
91
|Figures:
76
Graphics Tablet Market Insights
Global Graphics Tablet Market size was valued at USD 476.58 million in 2019 and is poised to grow from USD 531.39 million in 2023 to USD 1415.42 million by 2031, growing at a CAGR of 11.5% in the forecast period (2024-2031).
A graphics tablet, also known as a drawing tablet, is a piece of hardware used for digital artistry. They are also used by a variety of professionals in entertainment, art, architecture, prototype design, and other fields. It consists of a touch-sensitive surface or screen with multiple pressure levels to provide greater usability to the user. The growing demand for media and entertainment tablets will drive up demand for these tablets. Furthermore, as automation increases in the designing and prototyping segments of various industries such as building and construction, automotive, healthcare, and others, demand for these devices will skyrocket.
The rapid expansion of the creation of digital content in nations like the US, Japan, and especially China, as well as the expanding animation and design industries globally, are all contributing to the steady growth of the global graphics tablet market during the forecast period. The graphics tablet market is also anticipated to be significantly impacted by an exponential rise in the number of digital artists across a variety of industry verticals, including graphic design, fashion design, and architectural and industrial design. Another factor driving the demand for graphics tablets is the rise in consumer disposable income and the demand for technologically advanced features in graphics tablets across various industries. The combination of all the following factors is anticipated to grow the graphics tablet market globally.
US Graphics Tablet Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Animation
Fastest Growth
Animation
Growth Rate
11.5% CAGR
Global Graphics Tablet Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Graphics Tablet Market Segmental Analysis
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.
Graphics Tablet Market Analysis by Application
Based on Application, the graphics tablet market is segmented into Industrial Design, Animation, Special Effects Film, Advertising, and Other. In 2021, the Animation segment dominated the global graphics tablet market. The animation industry has been prominent for decades, and as the importance of animation and prototyping in various industry verticals has grown. In addition, creative professionals in the photography industry have consistently adopted innovations in order to deliver a higher quality product. The Global Animation Market was worth US$ 351.58 billion in 2021 and is expected to be worth US$ 530.19 billion by 2030, growing at a CAGR of 5.26% between 2022 and 2030. The growing advancement in the communications and technology sectors, expansion of the media and entertainment industry, and increasing internet penetration around the world are the factors driving the market's growth.
Global Graphics Tablet Market By Application , 2021(%)
To get detailed analysis on other segments, Request For Free Sample Report
Graphics Tablet Market Regional Insights
The North American region accounts for the majority of the graphics tablet market and is expected to grow significantly during the forecast period. The region's market is primarily driven by the trend of early adoption of advanced technologies in the region's developed countries. 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. Furthermore, the presence of major market players has aided the market by developing technologies and introducing new products.
The Latin American region offers huge opportunities for the companies operating in this market. This is because of a number of factors, such as rising demand for electronic and digital signage and increased awareness about the benefits associated with touch technology solutions among key industry players. The European region is expected to witness a high growth rate during the forecast period. The growing demand for these tablets in various industries, such as animation and special effects film, industrial design, advertising, etc., is mainly responsible for this market’s trend.
Global Graphics Tablet Market By Geography, 2021 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Graphics Tablet Market Dynamics
Graphics Tablet Market Driver
Rise In Digitization and Technology Upgradation
- In recent years, the rise in digitization, increasing preference for more hi-tech approaches, and technology in most industries have shifted consumers' preference toward graphics tablet. Because they are easier to transport than traditional drawing, these tablets are becoming increasingly popular among artists. It has contributed to graphics tablet market growth, as evidenced by the expansion of market participants.
Graphics Tablet Market Restraint
High Cost of Graphic Tablet
- One of the most significant disadvantages of graphics tablet is that they can be quite expensive, depending on the make and model. For independent artists or small studios, this cost may be sufficient to deter investment, even if the system itself is useful. Large-scale deployment can also necessitate a substantial investment. The cost is increased when repairs and replacements are considered, as tablets are damaged or worn out over time.
Request Free Customization of this report to help us to meet your business objectives.
Graphics Tablet Market Competitive Landscape
The market is dominated by few global players. The companies in the graphics tablet market are competitive based on pricing. Key players in the graphics tablet market are adopting strategies like product launch, mergers, and acquisition, and high R&D investments to gain a significant market share. Based on revenue, WACOM is a major player in the graphics market. According to WACOM's annual report from April 2019 to March 2020, net sales reached $765.6 million, up from $773.6 million in the previous year. However, sales of the graphics tablet increased exponentially due to 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 over the previous year.
Graphics Tablet Market Top Player's Company Profiles
- 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
Graphics Tablet Market Recent Developments
- In January 2023, Huion, the leading enterprise of handwriting input devices, introduced its new-generation pen computers, graphics tablets, and mini keyboards at the most influential tech event in the world, the Consumer Electronics Show.
- In September 2022, Wacom announced the Cintiq Pro 27 (via Gizmodo), its latest pen display for creative professionals such as photo editors and digital artists.
- In August 2022, Huion, a global supplier of digital drawing devices, introduced the Inspiroy Dial 2 pen tablet (the successor of Inspiroy Dial Q620M). Huion optimizes the design of the dial and adds one more dial controller on the tablet, which helps to improve user productivity.
- In October 2021, Wacom launched Cintiq Pro 16 creative pen display for professional and serious digital content creators. The Wacom Cintiq Pro 16 combines the company's most natural and precise pen performance with newly improved ergonomic features in a sleek and portable form.
Graphics Tablet Key Market Trends
- Some of the trends that will support and accelerate the graphics tablet market are the constantly evolving technologies and formats in the professional creative digital landscape. The market's players are investing in value-added products and researching new technologies such as the Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI). These factors are expected to gain traction in the coming years and to have a significant impact on the graphics tablet market.
- An increase in the number of digital artists in various industry verticals such as graphic design, fashion design, architectural and industrial design is expected to significantly drive the graphics tablet market.
Graphics Tablet Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Graphics Tablet market analysis, the market is expected to grow steadily over the forecast period, owing to rapid expansion in digital content creation in countries such as the United States, Japan, and, in particular, China, as well as a growing animation and design industry globally. Based on region, the North America region dominates the global market. During the forecasted period, Asia pacific accounted fastest growing region. Based on application, the Animation segment dominates the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 476.58 million |
| Market size value in 2031 | USD 1415.42 million |
| Growth Rate | 11.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Graphics Tablet Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Graphics Tablet Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Graphics Tablet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Graphics Tablet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Graphics Tablet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Graphics Tablet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
