Graphing Calculator Market Size Worth $ 286.41 Million, Globally By 2027 At 5.04% CAGR: Verified Market Research®
Some of the main driving forces behind graphing calculators are high school and students in the upper class rely on it. The increasingly tech-savvy education sector creating huge opportunities for the smart device market is expected to hamper the market growth.
/ EIN News / – Jersey City, New Jersey, November 29, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently released a report, “Graphing Calculator MarketâBy type (Computer Algebraic System (CAS) calculator and non-CAS calculator), by display (color and black and white), by application (education, games and others) and by geography. According to verified market research, the global graphics calculator market size was valued at $ 437.63 million in 2019 and decreasing to $ 286.41 million by 2027, with a CAGR of 5.04% from 2020 to 2027 .
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Browse the table of contents in depth to “Graphing Calculator Market“
202 – Pages
126 – Tables
37 – Figures
Global Graphing Calculator Market Overview
Graphing calculators are used for quizzes and standardized exams, depending on the class. Traditionally, graphing calculators had larger screens, larger keys, and a selection of colors. With the emergence of new technologies and the trend towards miniaturization, graphing calculators are reducing their size to portable display calculators. The emergence of new technologies has led to the development of new substitutes in the market, resulting in a drop in demand for the product. Many companies prefer to use built-in online calculators rather than this stand-alone calculator.
One of the main drivers of graphing calculators among high school and senior students depends on it. Some of the benefits associated with the graphing calculator, such as a better understanding of trigonometry problems, providing more clarity on statistical details and helping to solve geometric problems with greater precision, have driven the demand for the graphing calculator. The market is expected to present a threat leading to lower growth due to the high cost of graphing calculators and increased adoption of alternative graphing calculator.
The increasingly technologically advanced education industry, creating huge opportunities for the smart device market, is expected to hamper the market growth. The increasing penetration of internet, the on-going digitization at a breakneck pace is paving the way for the online graphing calculator market, hampering the market for a conventional graphing calculator. In addition, the impact of COVID-19 on the graphing calculator market due to the shutdown or closure of several component manufacturing facilities in China, European countries, Japan and the United States
The major players in the market are Texas Instruments Incorporated, Casio Computer Co., Ltd., HP, Inc., Datexx, Sight Enhancement Systems Inc., Sharp and NumWorks, etc.
Verified market research segmented the global graphing calculator market on the basis of type, display, application, and geography.
Graphing Calculator Market, By Type
- Computer Algebra Calculator (CAS)
- Non-CAS calculator
- Graphing Calculator Market, By Display
- Graphing Calculator Market, By Application
Graphing Calculator Market By Geography
- North America
- The rest of europe
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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