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Haptic Technology Market Research Report | Industry Insights, Share, Size, Growth, Trends And Forecast By 2025

December 9th, 2020 IMARC Group Releases

According to the latest report by IMARC Group, titled “Haptic Technology Market Size: Global Industry Trends, Share, Demand, Growth, Opportunity and Forecast 2020-2025,” the global haptic technology market grew at a CAGR of around 12% during 2014-2019. Haptic technology refers to the virtual and mixed reality solutions that engage sight, sound, and touch to provide multi-modal experience to users. It acts as an interface between the user and connected devices, such as tablets and smartphones, by using sensors to measure the physical feedback and pressure sensitivity. It is widely used in joysticks, controllers and steering wheels for enhancing the overall user experience in video games. Apart from this, it is also used for controlling surgical equipment and wearable devices and improving the efficiency of remote-controlled machines and telerobots. 

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/haptic-technology-market/requestsample

Global Haptic Technology Market Trends:

The market is primarily driven by the increasing uptake of consumer electronic devices across the globe, along with the escalating sales of touch-enabled home appliances. Haptic technology is widely utilized in most of these electronics due to its ability to provide tactile feedback to users. Its use also offers enhanced sound, touch and visual effects that result in improved operational efficiencies. Apart from this, this technology is also extensively adopted for numerous gaming applications and augmented reality (AR)-enabled devices. Several hardware devices, including joystick and controllers, are equipped with haptics to enable convenient manipulation of virtual avatars when integrated with virtual reality (VR). This, along with the rising need for immersive gaming experiences and the increasing penetration of high-speed internet on the global level, is providing an impetus to the market growth. Furthermore, these solutions are now extensively integrated with 3D-touchscreen displays in medical electronics and automobiles. There has also been an increase in the adoption of haptics in robotics and certain devices designed for visually-impaired individuals, which, in turn, is acting as another major growth inducing factor. The widespread utilization of the internet of things (IoT) across industries and the growing integration of adaptive triggers with haptics are some of the other factors driving the market further. On account of the aforementioned factors, the market is anticipated to witness strong growth during 2020-2025.

For more information about this report visit: https://www.imarcgroup.com/haptic-technology-market

Breakup by Component:

  • Actuators
  • Drivers and Controllers
  • Software
  • Others

Breakup by Feedback:

  • Tactile
  • Force

Breakup by Technology:

  • Captive
  • Resistive
  • Others

Breakup by Application:

  • Automotive and Transportation
  • Consumer Electronics
  • Education and Research
  • Gaming
  • Healthcare
  • Engineering
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 3d Systems Corporation, Haption, Immersion Corporation, Johnson Electric Holdings Limited, Microchip Technology Inc., ON Semiconductor Corporation, Precision Microdrives Ltd., Senseg Oy (O-film Global HK Trading Limited), SMK Corporation, Synaptics Incorporated, Tactus Technology Inc., Texas Instruments Incorporated and Ultrahaptics.

Browse Related Reports:

Hernia Repair Market Report by IMARC Group

Alpha 1 Antitrypsin Deficiency Treatment Market Report by IMARC Group

Biological Safety Cabinet Market Report by IMARC Group

Acne Drugs Market Report by IMARC Group

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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