What makes the Calculator Market worth USD 561 million and is it worth to invest in this industry?

by Vishal

05/05/2022 4 min read

What makes the calculator market worth USD 561 million

With a CAGR of 5.04% from 2020 to 2027, the North American graphing calculator market was worth USD 437.63 million in 2019 and is expected to rise at a CAGR of 19%. In 2020, the market was worth USD 500 million, and by 2026, it is expected to be worth USD 561 million.

The worldwide desktop calculator market has grown dramatically in recent years as a result of considerable technological advancements that enable nearly anybody to operate a calculator. Simple arithmetic and other mathematical computations such as addition, subtraction, multiplication, and division were formerly performed on desktop calculators.

But now these desktop calculators support many typical scientific calculations, such as power computations, financial issues in statistics, square roots, and logarithms, which is helping the calculators remain significant in the market.

North America Calculators Market, by Power Source, 2020-2026 (USD Million)

What makes the calculator’s market invite investors across the globe?

During the anticipated period of 2018 to 2028, the worldwide desktop calculator’s market is expected to generate a total additional potential revenue of USD 430.1 Million.

Although, calculators are now easily accessible on smartphones, technology is playing an equally essential part in the electronics sector, as seen by the addition of various new capabilities to calculators that make them more usable and accurate.

Furthermore, the market for desktop calculators is expected to rise due to their advanced capabilities and their applications in a variety of fields.

For example, small and big retail establishments, banks and financial organisations, accounting businesses, and hospitals have all used various sorts of desktop calculators. Factors such as the ability to reduce the complexity of problem solving and the ability to run on solar energy are propelling the desktop calculator industry forward.

North America Calculators Market, by End-Use, 2020-2026 (USD Million)

Why is the calculator’s market still sustainable?

In today's information and technology-based environment, using desktop calculators can help build higher-order thinking and reasoning skills that are necessary for problem solving.

As consumers are shifting their preference of purchasing goods and services online, e-commerce sector in return is witnessing a great boost. Due to this boost, the demand for calculator’s has been growing by a little margin for processing and shipping online purchases, since student and business personnel need a calculator to complete their tasks.

Digitization has created huge development prospects in a variety of industries, sectors, geographies, and business sizes. Diverse suppliers are delivering customised application goods for various end-users as a result of technology developments and M&A operations. Scientific desktop calculators are becoming increasingly popular as scientific education improves. Furthermore, after the eighth grade, numerous new schools in the United States and several European nations have made it mandatory to use a desktop calculator for basic arithmetic.

In the primary grades, calculators are used as a supplement to assist students grasp concepts without removing the requirement for other calculating methods. Along with this, the growing number of airports, educational institutes, private offices, malls, and transit stations, on the other hand, are predicted to favourably affect the growth of the desktop calculator’s market throughout the above-mentioned forecasted period.

To get Free sample report on the above market Click Here

How are different regions across the globe responding to the calculator’s market?

According to Skyquest, the Middle East and Africa's economies are quickly expanding, and each nation is attempting to build a rising number of desktop calculator products in response to the growing number of educational institutions, which is likely to drive the Middle East's calculator market.

In addition to this, East Asia's desktop calculator industry is predicted to grow considerably in the next years. The existence of a high number of emerging small-scale regional competitors in the area has fuelled significant growth in the East Asian calculator industry. The adoption of cutting-edge technology and innovative systems in the field of desktop calculators is already presenting considerable potential prospects for the region's calculator’s industry.

Due to increased urbanisation and infrastructure expenditure, enterprises active in desktop calculator commerce are likely to penetrate the desktop calculator market in Latin America and the Middle East and Africa more quickly in the near future. 

Key players in the global calculator’s market 

Texas Instruments Incorporated, Casio Computers, Canon USA, Hewlett Packard Development Company, Sharp Electronics Corporation, Sunway Electronics Corporation, Citizen Systems, Orpat Group, Flair Writing Industries Limited, Hamilton Writing Instruments, and Lyreco Office & Work Solutions are some of the key players in the global desktop calculator’s market. By embracing novel tactics and developing new products, these companies are projected to have a significant impact on the desktop calculator’s market throughout the forecast period.

SkyQuest provides market insights that fuel your growth. Our insights are a base for you to innovate and understand the needs of your consumers. Reach your goals with data that will give you deep-rooted insights into your industry.

People Also Read