Haptic technology is superior as compared to other sensing technologies used for a human interface such as auditions and vision. Haptic technology provides higher touch sensations while using electronic devices, and results in a realistic virtual experience. The problem that convention touch screen lack in physical feedback is eliminated by haptic technology as it provides clearly identifiable tactical verification to increase safety by abolishing disruption. This virtual confirmation plays a crucial role in application areas like navigations, automotive, etc.
MARKET DYNAMICS
The surge in penetration of the internet of things (IoT) combined with rural penetration of the internet in evolving economies is fueling the growth of tablets, smartphones, and laptops market. This is one of the prime factors driving the growth of the haptic technology market. However, High power consumption of devices using haptic technology is the major factor restraining the growth of the haptic technology market. Nevertheless, increasing the use of haptic technology in automobiles, home appliances, and education sectors may generate new opportunities to market participants.
MARKET SCOPE
The "Global Haptic Technology Market Analysis to 2028" is a specialized and in-depth study of the haptic technology market with a special focus on the global market trend analysis. The report aims to provide an overview of haptic technology market with detailed market segmentation by application, feedback, component. The global haptic technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading haptic technology market players and offers key trends and opportunities in the haptic technology market.
MARKET SEGMENTATION
The global haptic technology market is segmented on the basis of application, feedback, component. On the basis of application, the market is segmented as automotive and transportation, consumer electronics, education and research, gaming, healthcare, engineering, others. On the basis of feedback, the market is segmented as tactile, force. On the basis of component, the market is segmented as actuators, drivers and controllers, software, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global haptic technology market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The haptic technology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting haptic technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Haptic technology market in these regions.
MARKET PLAYERS
The reports cover key developments in the haptic technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from haptic technology market are anticipated to lucrative growth opportunities in the future with the rising demand for haptic technology market. Below mentioned is the list of few companies engaged in the haptic technology market.
The report also includes the profiles of key haptic technology market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Geomagic, Inc.
- HAPTION S.A.
- Immersion
- Johnson Electric Holdings Limited
- Microchip Technology Inc.
- Precision Microdrives Limited
- SMK Corporation
- Synaptics Incorporated
- Texas Instruments Incorporated
- Ultrahaptics