Graphics Tablet Market Size, Share, Growth, And Industry Analysis, By Type (512 level, 1024 level and 2048 level), By Application (Industrial Design, Animation, Special Effects Film, Advertising and Other), Regional Forecast From 2024 To 2032

Graphics Tablet Market Report Overview

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The global graphics tablet market size was USD 476.58 million in 2021 and is expected to reach USD 1509.52 million in 2032, at a CAGR of 11.05% during the forecast period. In the market study, our analysts have considered graphics tablet players such as Hanwang, Samsung, Boston, Wacom and PenPower, etc.

A graphics tablet, often referred to as a digitizer, a digital graphic tablet, a pen tablet, an external drawing pad, or a digital art board, is an input device for computers that lets users draw pictures by hand. Users can connect with their PCs more naturally thanks to the versatility of the tablets, which are used as an input device. They can be utilized in a wide range of situations and are available in a wide range of sizes and shapes. Drawing, painting, and graphic design are just a few of the jobs that graphics can be utilized for. Digital graphics and sketches are another popular thing they do. They are used by certain users to produce desktop art, comics, and manga. Graphics creation tools such as Inkscape and Scribus, drawing programmes such as GIMP and Photoshop Elements, and digital illustration programmes such as Adobe Illustrator Creative Suite and Corel Draw X5 are some of the most popular graphics tablet applications.

The expanding passion for digital devices, the influence of digitalization, and the rising preference for new technology over traditional due to its advantages and features are all expected to have positive effects on the worldwide graphic tablet market in the years to come. Digital tools such as graphic tablets are increasingly being used by architects, illustrators, photographers, engineers, fashion designers, lecturers, and graphic designers instead of traditional pen and paper. Since they enable a natural sketching motion, reduce the risk of repetitive strain injuries, connect to computers quickly, boost efficiency and productivity and provide a wealth of custom settings, graphic tablets are assisting users in becoming more dynamic and innovative.

COVID-19 Impact: Halts in Organizational Activities caused a Lack of Demand for the Tablets

The global COVID-19 pandemic has been unprecedented and staggering, with the graphics tablet market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Due to lockdowns and other restrictions set by the appropriate government organizations in response to the recent COVID-19 breakout, the activities of many organizations had to either be momentarily stopped or operate with a small personnel. The worldwide graphics tablet INDUSTRY was no different, and this fact adversely affected this sector's revenue growth. The governments' recent relaxing of the limitations placed during the epidemic will cause the tablet market to pick up steam once more.

Latest Trends

"Introduction of New System to Replace the Desktop Computer and Satisfy the Requirements of Professional Artists"

To preserve their place in the international market, the leading players in the industry participate in product launches. For instance, on September 3, 2019, Wacom, Co. Ltd., announced the release of its new product, the Wacom MobileStudio Pro 16, an update to its line of high-tech handheld innovative tablet systems that serves as an all-in-one replacement for a desktop computer. The product was developed to satisfy the needs of professional artists who asked for a drawing tool that could be utilized anywhere, whether it was standalone or traveling. Furthermore, it permits engineers, artists, and developers to use the complete versions of the most complex creative software programmes.

Graphics Tablet Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into 512 level, 1024 level and 2048 level

• By Application Analysis

Based on application, the market can be divided into Industrial Design, Animation, Special Effects Film, Advertising and Other

Driving Factors

"Growing Utilization in the Animation Industry will Boost the Requirement for these Tablets "

Unquestionably, the animation business is one of the fastest-growing and most lucrative in the world. Since its beginning, the animation industry has grown rapidly on a global scale year after year, thanks to improvements in network infrastructure and satellite channels in both developed and developing nations. Early animated films and television programmes had a child audience, a moderate budget, and a restricted use of cutting-edge technology. However, the animation sector is advancing astronomically in the current contemporary period. The paradigm for animation is changing from 2D animation to 3D animation in both developed and developing nations. Utilizing 3D animation software and graphics tablets or pen tablets is one of the key developments in the contemporary animation industry. Both are essential tools for creating animated visuals. During the projection period, this would fuel the pen tablet market.

"Growing Digitization Trend and Emergence of Consumer-friendly Purchasing Options is Driving the Market Demand"

A fast expanding and expanding digitization trend, rising preference for more high-tech approaches and technology in the advertising and recreation sectors and industries, and growing preference among artists, both commercial and independent, are some of the major elements leading to a greater adoption of these devices. In addition to this, the emergence of consumer-friendly purchasing options in a number of developed and emerging nations is encouraging independent or private purchases of these devices, which were previously out of reach for certain consumers.

Restraining Factors

"Cost of Repairs and the Availability of Options Hinder the Industry Expansion"

Since graphic tablets are very expensive, this industry's high cost is the main barrier to its growth. As there are so many options available, people may decide without making the expensive investments related to digitizers. The costs for repairs and replacements increase as digitizers age or sustain damage over the duration of their lifespan. Long-term graphics tablet market growth is anticipated to be driven by favored investments for industrial applications, even though they might not be approved in the short term.

Graphics Tablet Market Regional Insights

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"North America to Dominate the Market due to Quick Uptake of the Tablets as well as the Presence of the Top Manufacturers"

A substantial percentage of the global revenue in 2021 came from North America, which was the largest market. One of the main factors influencing the graphics tablet market share is the quick uptake of the tablets in nations such as the United States and Canada as a result of the rising incorporation of technology in the majority of organizations. Furthermore, the industry in the geographical area has been impacted by the presence of the plurality of the top manufacturers, who are primarily situated in the United States.

The fastest-growing market is anticipated to be in Asia Pacific. Products made in nations of the region that perform similarly and are inexpensively accessible to the general public have led to the product's increasing appeal. The market has expanded as a result of the device's substantial uptake in the region where the administration is intent on turning totally digital.

Key Industry Players

"Offering of Creative Displays by the Key Players to Operate Profitably in the Market"

The demand for graphics tablets from a variety of industries is reasonable, which is allowing market participants to operate profitably and fostering the expansion of the pen tablet industry. The Industrial Designer Society of America (IDSA) reports that a number of small, medium, and big businesses are offering creative displays and pen tablets for the purpose of developing diverse goods. These pen tablets give designers unique tools to explore digital creativity in a natural, comfortable, and ergonomic approach, from conception to iteration to visualization to modeling.

LIST OF TOP GRAPHICS TABLET COMPANIES

• Hanwang (China)
• Samsung (South Korea)
• Wacom (Japan)
• PenPower (U.S.)
• ViewSonic (U.S.)
• AIPTEK (U.S.)
• UGEE (China)
• Adesso (Germany)

Report Coverage

This report covers the graphics tablet market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2027. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.