The automation and control market will witness a healthy growth from 2019 to 2025, a research report suggests. Growing at a CAGR of 10.41%, the market is projected to reach US$217,354.4 million by 2025.
Rigorous research conducted by the data analysts at Market Research Future Reports (MRFR), states that the global capacitive stylus market 2020 is estimated to expand due to the growing demand for interactive whiteboard and a stylus pen in the field of education. The research also throws light on the role of technological advancement in mobile devices which is driving the market significantly during the assessment period. Besides, the increasing demand for tablets is also playing a pivotal role in strengthening the market. In order to meet the demand of customers, the established vendors are adopting the latest technology within the capacitive stylus sector. The manufacturers are adopting the latest designs and integrating useful features. However, the lack of multiple-input sensing in mobile phones and tablets is estimated to impede market growth.
On the other hand, the pandemic COVID-19 has severely affected the global Capacitive Stylus Market Size. The economy has been affected due to the disturbance caused in the cycle of production and demand. The lockdown imposed across various countries is likely to bring a massive disturbance in the market. The market will start recovering as the lockdown is lifted in a phased manner. We will provide COVID-19 impact analysis with the report.
The established organizations of the global capacitive stylus market are ACE pen Ltd.(China), Hunt wave Industry (Taiwan), Hanns Touch Solution (Taiwan), DIY Network (U.S.), A&L manufacturing corp.(U.S.), Wesco enterprises Ltd (Hong Kong), Newell Electronics Ltd. (China), Ningbo Meile Industrial Co. Ltd (China), and a few more.
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The worldwide capacitive stylus market can be classified into application, type, and geography.
On the basis of application, the worldwide capacitive stylus market can be segmented into monitors, cellular handsets, and portable media devices
On the basis of type, the worldwide capacitive stylus market can be segmented into fine tip capacitive stylus and art capacitive stylus.
On the basis of geography, the worldwide capacitive stylus market can be segmented into North America, Europe, Asia Pacific and Rest of the world (RoW).
Regionally, Asia Pacific holds the major market share and is expected to continue in the future. The presence of major players in the region and technical developments in touchscreen devices are driving the market in the region. ARBOR Technology, leading industrial embedded computing solutions provider South Korean Multinational electronics Company Samsung Electronics is about to launch Note9 by the end of 2018. The phone is supposed to possess under display fingerprint sensor, ultrasound and capacitive touch screen and stylus. The predecessor Samsung s8 stylus is capable of 4096 pressure points. The stylus helps in writing, drawing figures and translation feature for selected sentences through Samsung Bixby voice assistant. Developers are Focusing on innovating styluses by adding more features and launch with Samsung note9.
North America holds the second largest market share for global capacitive stylus market. Being technically advanced region, increasing usage of smart devices, and a wide adoption among education sector are primarily driving the market in the region. Europe holds major market share for capacitive stylus market.
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