Pocket calculators got their name due to their compact size, which is small and handy and can be carried in the pocket. A pocket calculator is primarily used for doing calculations ranging from simple arithmetic to complex mathematics. After their introduction in the 1970s, they quickly became the norm in the oil and gas industry. And from there they became popular in almost every sector where calculations were necessary. A typical pocket calculator consists of an input keyboard, processor, power source, and a display to show output. There are different types of calculators like scientific calculators, graphing calculators, etc. Due to its unique advantages, the pocket calculator market has increasing demand like for students for retail show owners.This growth is primarily driven by Demand for Easy Arithematic Calculation for Saving Time and Accuracy and Surging Consumption of Pocket Calculator in Sales Sector.
Globally, a noticeable market trend is evident Adoption of Calculators with Printers
. Major Vendors, such as Citizen (Japan), Casio (Japan), TI (United States), Canon (Japan), Rockwell (United States), Sharp Electronics (Japan), Flair (Canada), Oreva (India), Sociosis Productions (India) and Karan Overseas International Co. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Nov 2018, Casio launched a new GST calculator in India. The Two GST calculators are called MJ-120GST and MJ-12GST and start at the price tag of Rs. 395. Both the calculators are available to purchase in the stationary store in India. The calculators feature built-in GST tabs for all five tabs- 0%, 5%, 12%, 18%, and 28% and include separate buttons for the GST slabs to reduce the time required for processing invoices.
- Demand for Easy Arithematic Calculation for Saving Time and Accuracy
- Surging Consumption of Pocket Calculator in Sales Sector
- Adoption of Calculators with Printers
- Rising Use of Calculators with Increased Functionality
- Introduction of Smartphones Hindering the Pocket Calculators Market
Increasing Demand from China and India Due to Greater Number of Graduating Students
Pocket Calculator Market is a Penetrated Market
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