A pen-shaped instrument which is used to input commands onto a computer screen, graphics tablet, or a mobile device is called a stylus or a stylus pen. For personal digital assistants, these pen-like input devices act as primary input devices. It is further used in handheld game consoles such as 3DS and Nintendo DS.
Globally, the major manufacturers of the stylus pen market are:
Hanvon Technologies (China), Seiko Epson Corporation (Japan), Wacom Co., Ltd. (Japan), Hitachi (Japan), Walton Group (Bangladesh), Insignia Systems, Inc. (U.S.), Genius KYE Systems Corp. (Taiwan), and Microsoft (U.S.).
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In various touchscreen devices, a stylus is used to make selections by tapping it on the device screen or by drawing an instruction. This device can replace a pointing device such as a mouse or a trackpad. This technique is often known as pen computing.
Technological advancements have taken place in tablets and with that the opportunity for usage of stylus has gained momentum. Following the development of educational curriculum into technologically advanced alternatives, more institutions are incorporating interactive and smart mode of learning. This mode of progressive learning has led to substantial growth in demand for interactive whiteboard (IWB) and stylus pen. The demand for interactive education system is likely to grow during the forecast period as modernization of education system goes on.
The extensive usage of universal stylus initiative (USI) is gaining prominence in the stylus pen market. This is driving the usage of stylus pen and thus is anticipated to propel the market. This growing demand for stylus is creating need for a detailed and dynamic stylus which can be interoperable between arrangements from various different makers and also ensure fresh new utilities of dynamic pens. This advancement is estimated to encourage usage of stylus pens across different devices such as tablets, phablets, and smartphones. The benefits derived from USI are likely to be an important factor for the growth of the stylus pen market during the forecast period. However, constant technological development might render the gadget obsolete. Thus, technological innovations and developments act as restraints.
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