Graphing Calculator Market Insights
The global graphing calculator market is projected to grow at a rapid rate over the forecast period. The market growth is positively influenced by surging demand for innovative and interactive technology to enhance the process of acquiring knowledge. Graphing calculators are widely used to create customized programs specific to the user’s need. These calculators are also used in plotting graphs, solving complex equations, and performing other mathematical & statistical operations.
Additionally, increasing demand for BYOD and CYOD in classrooms are expected to propel the market demand over the coming years. The market growth is also attributed to the growing adoption of collaboration based learning methods in several educational setting. The high dependency of students’ on these technologically driven devices is likely to reduce thinking the potential of users thereby limiting the learning process. This, in turn, is projected to hinder the market demand to a certain extent over the coming years.
Graphing Calculator Market: Display Insights
On the basis of the display, the graphing calculator market is divided into colored and Black & White display. The colored display segment is projected to grow at a high CAGR over the coming years. The segmental growth is expected to be influenced by the better visual representation of these calculators along with other enhanced features associated with it. Moreover, the companies are constantly indulged in manufacturing colored screen calculators due to high consumer demand for the product.
Graphing Calculator Market: Type Insights
On the basis of type, the global graphing calculator market is segmented into CAS calculator and Non-CAS calculator. The demand for CAS graphing calculator is projected to grow at a considerable rate over the coming years due to high demand for automation and enhanced & quick results. These types of calculators are usually preferred over Non-CAS calculator due to its advantages such as performing algebraic operations accurately and efficiently. However, the use of these calculators is not permissible in several examinations and standardized tests, thereby hindering the market growth over the coming years. The Non-CAS graphing calculators are also expected to account for a significant market share over the coming years due to lower costs and simple operations among others.
Graphing Calculator Market: Application Insights
The global graphing calculator market is segregated into education and gaming among others. The education application segment is projected to grow at a high CAGR over the coming years due to increasing penetration of smart education technology and rapidly evolving educational scenario and competition among others. Furthermore, rising popularity of learning analytics is also expected to bode well for the growth of the segment.
Graphing Calculator Market: Regional Insights
North America is poised to hold a dominant market share throughout the study period due to high adoption rate, huge consumer base, and presence of key manufacturers across the region. Asia Pacific is expected to highest growth rate over the coming years owing to high demand for smart education techniques from emerging economies such as India, China, and Japan among others. The government-driven initiatives including funded projects for literacy development in rural areas are further anticipated to boost the growth of the market in the region.
Graphing Calculator Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Graphing Calculator Market Share & Competitor Analysis
Major players operating in the global graphing calculator market include Texas Instruments, Casio, HP, Datexx, Sight Enhancement Systems, Victor, BHRS Group, Wanty, EAI Education, HQRP, Innovera, Pixnor, Sharp, and Hewlet among others
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