A large number of digital pens are being used in design and art-related works, such as sketching and drawing, as they offer an improved experience to users, by facilitating the development of designs and freehand illustrations, which can be modified after being transferred to a computer. Character recognition software-enabled digital pens are being increasingly used in presentations as the text being written by such pens can be recorded in a device and converted into a typed form.
Additionally, the surging popularity of electronic gadgets will fuel the adoption of digital pens in the coming years. The advent of multifunctional writing instruments equipped with improved features, such as smartphone-optimized pens and pens with tablets, has encouraged digital pen manufacturers to develop advanced digital pens for the consumer electronics industry. Some of the key features of such pens are audio recording, decision support and data interpretation, time-based and patient-specific reminders, and data sharing, data storage, and data transformation into audio-based text.
In recent years, the rising deployment of digital tools, such as digital pens, for the development of interpersonal and educational skills, has become a prominent trend in the digital pen market. Such digital devices are offering several advantages to teachers and students, as they are continuously replacing pens, books, and other learning tools in academic institutes. Digital pens aid in the digitization of handwritten notes in educational institutions. Additionally, such pens also enable students to record and share educational content to be used in the future.
At present, digital pen manufacturers are heavily investing in advanced technologies and collaborating with original equipment manufacturers (OEMs) of touch-based devices to offer new products for their customers. For instance, in 2018, Apple Inc. introduced a 9.7-inch iPad supported by Apple Pencil Plus. This Apple Pencil and iPad widens enable users to jot down their handwritten notes to mark up the screenshots. Other manufacturers such as STAEDTLER Mars GmbH & Co. KG, Microsoft Corporation, Moleskine S.p.A., Hanwang Technology Co. Ltd., and Toshiba Corporation are also launching new products to attract more customers.
According to P&S Intelligence, the Asia-Pacific (APAC) digital pen market will witness the fastest growth throughout the forecast period. This can be primarily owed to the growing penetration of the internet and consumer electronics in India and China. Besides, the improving healthcare sector, owing to the burgeoning adoption of digital health technologies, will also facilitate the market growth in the region. Moreover, the mounting investments being made by electronic device manufacturing companies will also drive the demand for digital pens in the region in the foreseeable future.
Thus, the rising use of digital tools in academic institutes and the launch of several initiatives for eliminating paperwork will fuel the adoption of digital pens in the forthcoming years.
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