Global Digitizer Market Expected to Make Great Impact in Future - Major Growth Factors, Opportunities, Future Trends and Forecast to 2021

Market research analysts at Technavio predict that the global digitizer market will grow steadily at a CAGR of around 14.8% by 2021. Computer aided design (CAD) is used in designing and manufacturing processes in various applications and industries including automotive, aerospace and defense, industrial machinery, and electrical and electronics. The recent years witnessed the emergence of innovative CAD software, ideas, and the launch of new products. These innovations have encouraged companies to introduce changes such as the inclusion of new model templates, improved documentation, and enhanced support. Additionally, CAD also aids in developing systems that are used in industrial environments for various machinery, equipment, and motor vehicles, which in turn will increase its adoption in the coming years. According to this market research analysis, this growing use of CAD will be one of the major factors that will have a positive impact on the growth of the digitizer market during the next four years.

The Global Digitizer Market size is expected to grow from USD 949.2 million in 2017 to USD 1,895.0 million by 2021, at a Compound Annual Growth Rate (CAGR) of +14.8% during the forecast period.

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Top Key Players
Aiptek International, Bosto, gaomon Technology, Hanwang Technology, PenPower, Shenzhen Ugee Technology, Huion Technology, Tsinghua Tongfang, and ViewSonic.

Geographical segmentation and analysis of the digitizer market Americas, APAC, EMEA Owing to the increased usage of digitizers in CAD software, heavy investments in the R&D facilities of aerospace and defense, electrical and electronics, and automotive industries, and huge foreign direct investments (FDI) in these processes, APAC will be the major revenue contributor to the digitizer market by 2021. Additionally, the high demand for 3D animation and the increased adoption of CAD among automobile and auto-component manufacturers, will also influence the growth of the digitizer market in this region.

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The market is competitive and monopolized by one major vendor due to its strong presence in the animation hub of the world. The vendors mainly compete based on price and the rising demand for animation in various regions influence the vendor’s performance in this market space. The vendors have the need to innovate and produce better quality products to expand their product portfolio and geographical presence and they should also cater to the growing demand for 3D technology.

Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global digitizer market?
What are the key market trends impacting the growth of the global digitizer market?
What are the challenges to market growth?
Who are the key vendors in the global digitizer market?
What are the market opportunities and threats faced by the vendors in the global digitizer market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global digitizer market?
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Table of Content
Chapter 1 Global Digitizer Market Overview
Chapter 2 Data Analysis
Chapter 3 Technical Data Analysis
Chapter 4 Global Digitizer Market Government Policy and News
Chapter 5 Manufacturing Process and Cost Structure
Chapter 6 Productions Supply Sales Demand Market Status and Forecast
Chapter 7 Global Digitizer Market Key Manufacturers
Chapter 8 Up and Down Stream Industry Analysis
Chapter 9: Marketing Strategy
Chapter 10 Development Trend Analysis
Chapter 11 Global Digitizer Market New Project

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