Capacitive Stylus Global Market – Overview —
The Global Market of Capacitive Stylus is growing rapidly mainly due to the rising market penetration of smart phones. According to a recent study report published by the Market Research Future, The global market of Capacitive Stylus is booming and expected to gain prominence over the forecast period. The global Capacitive Stylus Market is anticipated to accrete pervasively by 2023, with a whooping CAGR between 2018 and 2023.
The Capacitive Stylus Market is predominantly driven by the growing demand, sales and market penetration of smart phones. On the other hand, factors such as growing competition, and high power consumption are likely to pose a challenge to the market growth of Capacitive Stylus Market.
Most of the Smart Phone, Tablets and connected devices come with the capacitive touch screens. This extraordinary technology allows it’s user to interact with the screen with the use of fingers. However this interface becomes a messy affair when fingers leave traces of finger prints on the screen. Also, some users prefer to pattern lock their devices, in such cases finger interface is considered risky, as device no more remains password protected when the finger trails reveal the gatekeeper. A Capacitive Stylus comes to an aid where the pattern locks are meant to be a protective means such as – a Safe (for cash or valuables), huge Data stores where one can find organizational secretes and data, and smart phones of course.
Capacitive Stylus are usually low cost, work on most capacitive touch screen devices and useful for general purpose such as basic drawing or for handwritten notes. These economy models need not to be powered and work right out of the package. On the other hand, expensive styluses are exclusively designed for specific device line, including customized features for those devices for example Google Pixel book Pen integrates with the Google Assistant software to search the web for words or images circled on the screen of the Pixel book. Apple Pencil, and Microsoft Surface Pen are other kinds of expensive Capacitive Stylus which sometimes require their own battery power or Bluetooth pairing with a designated device.
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Hunt wave Industry, ACE pen Ltd., Hanns Touch Solution, A&L manufacturing corp., DIY network, Wesco enterprises Ltd. and Box wave corp. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Capacitive Stylus Market.
Drivers and Restraints:
The growing demand for smart gadgets in myriad fields, chiefly in the education sector, can give a boost to the global market of capacitive stylus. One big advantage of the capacitive stylus is its ability to work on all touchscreens. Rapid urbanization has also made a significant impact on consumer behavior leading to an increase in tablets and touch-enabled laptops sale, a factor that the capacitive stylus market can capitalize on. The inclusion of Windows Ink in Windows 10 has helped in growing demand for such products.
However, there are some drawbacks. The tips are big and not accurate and consume more power. Lack of pressure sensitivity is also a major concern.
Capacitive Stylus Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type: Comprises Art, Fine Tip stylus and other.
Segmentation By Applications: Comprises Monitors, Portable media devices, Cellular handset and other.
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
To stay in sync with continuous advancement in capacitive screens, key market players are offering the latest technology in capacitive stylus sector. Hence, they are coming up with modern designs and infusing them with multiple features. For instance, Adonit has launched a wide range of styluses, such as Adonit Pixel, Adonit Mark, Adonit Jot Pro with precise and fine tip, and Adonit Switch with a combination of both stylus and actual pen.
Wacom has designed its Bamboo Fineline fine tip smart stylus, for writing and note-taking. It provides pressure sensitivity and ergonomic design and gives a comfortable pen-like feel.
Characterized by the presence of several major well-established players, the global Market of Capacitive Stylus appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services.
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April 2018 – Microsoft introduced Windows Ink to support Stylus Pens. Microsoft, with the Windows Ink and Surface Pen enabled users to do something completely new, allowing them to cut loose the restraining chains of the keyboard and mouse. The invention - Windows Ink made stylus support an essential part of Windows 10, encouraging to many computer makers to ship digital pens. This although, puzzled users initially with its hybrid Surface tablets, went ahead proving to be Microsoft’s perceptive move prompting to Apple even to compete with the iPad Pro'sPencil.
Asia-Pacific dominated the Global Capacitive Stylus Market with the largest market share due to growing presence of smartphone and tablets manufacturers in the region, and therefore accounting for astronomical amounts and is expected to grow further over its previous growth records by 2023. Capacitive Stylus Market in North America is expected to grow at a substantial CAGR during 2018 to 2023. The European market for Capacitive Stylus Market is expected to grow at a considerable CAGR (2018-2023).
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