Graphic Tablet Market - Forecasts from 2019 to 2024
The Graphic Tablet Market is projected to grow at a CAGR of 11.43% to reach US$955.017 million by 2024, from US$506.553 million in 2018. Graphic Tablet or a drawing tablet is a hardware device used for digital artistry. They are also used by multiple professionals for entertainment, art, architecture, prototype designing and more. It comprises of a touch sensitive surface or screen with multiple pressure levels to allow the user more usability. The demand for these tablets will increase with the rising demand for media and entertainment industry. Moreover, the demand for these devices will snowball with rising automation in the designing and prototyping segments of various industries such as building and construction, automotive, healthcare and more. However, the high cost of acquiring and maintenance will limit the demand for graphic tables during the forecasted period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the graphic tablet value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the graphic tablet market.
Major industry players profiled as part of the report are Wacom, Huion Animation Technology Co., Ltd., Shenzhen Ugee Technology Development Co., Ltd., Xppen Technology Co., and Monoprice, Inc., among others.
The graphic tablet market has been analyzed through following segments:
Media and Entertainment
Art and Designing
Middle East and Africa
Key insights offered
What will be the graphic tablet market size from 2017 to 2023?
How are the major drivers and restraints affecting the graphic tablet market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviourKey strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
Wacom Co., Ltd.,
Huion Animation Technology Co., Ltd.
Shenzhen Ugee Technology Development Co., Ltd.
Xp-pen Technology Co.
Gaomon Technology Corporation
Penpower Technology Ltd.
Parblo Tech Co, Ltd.