Portland, Jan. 14, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global stylus pen for education market generated $55.7 million in 2019, and is projected to reach $99.3 million by 2027, growing at a CAGR of 8.8% from 2020 to 2027.
Rise in internet penetration coupled with increase in adoption of smart devices and increase in adoption of BYOD policy drive the growth of the global stylus pen for education market. However, lack of technology readiness in underdeveloped nations hampers the market growth. On the contrary, surge in initiatives for digitalizing education present new opportunities in the next few years.
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Covid-19 scenario:
- Covid-19 pandemic has severely affected the education sector. Schools and colleges were closed to curb the spread of infection.
- The prolonged lockdown across various countries resulted in the supply chain disruption, which posed challenges for manufacturers to reach customers.
The global stylus pen for education market is segmented on the basis of type, screen type, platform type, application, and geography. On the basis of type, the market is divided into active and passive. The active segment held the largest share in 2019, accounting for more than two-thirds of the market. Moreover, the segment is projected to register the highest CAGR of 8.7% during the forecast period.
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On the basis of platform type, the market is classified into Chrome OS, iOS, Windows, and Android. The Windows segment dominated the market in 2019, contributing to more than half of the market. However, the Android segment is projected to manifest the highest CAGR of 9.2% during the forecast period.
The global stylus pen for education market is analyzed across North America, Europe, Asia-Pacific, and region. The market across North America held the lion’s share in 2019, accounting for more than one-third of the market. However, the market across Asia-Pacific is projected to manifest the highest CAGR of 9.7% during the forecast period.
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The global stylus pen for education market report includes an in-depth analysis of the major market players such as Apple Inc., Adonit, Acer Inc., HP Development Company, L.P., DNS Overseas, Microsoft Corporation, Logitech International S.A., Xcallibre SONICTECH Ine., Wacom, and Staedtler Mars GmbH & Co. KG.
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