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Detailed examination of the Global haptic technology market forecast to 2022

IT Market Research

Haptic Technology Market Global Industry Report 2017 is a professional and in-depth study on the current state of the Haptic Technology Market insight. Report provides market size, share, growth, trend, supplier, top player, manufacturer, demand, outlook, opportunities, competitors, production, revenue analysis forecast to 2023 from 2017.

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Description of Report:

Haptic Technology Companies Profiled In Report: Immersion Corporation (U.S.), Texas Instruments Incorporated (U.S.), Ultrahaptics (U.K.), Haption S.A. (France), ON Semiconductor Corporation (U.S.), Johnson Electric (Hong Kong), SMK Corporation (Japan), Microchip Technologies Incorporated (U.S.), Synaptics Incorporated (U.S.), Geomagic (U.S.), Force Dimension (Switzerland), Precision Microdrives Ltd.

(U.K.), Senseg (Finland), and Imagis Co., Ltd. (South Korea).

The key drivers contributing to the growth of the market primarily include increasing adoption of haptics in consumer electronic devices such as smart phones and tablets, growing demand for haptics in gaming consoles, and potential market for haptics in medical and automotive sectors.

However, the growth of the market is expected to be limited due to the high cost of force feedback devices and technical challenges related to product design.

The target audience for the report includes:

  • Haptic technology products and solutions providers
  • Haptic technology-related service providers
  • Research organizations and consulting companies
  • Government and corporate offices
  • Venture capitalists, private equity firms, and start-up companies
  • Distributors and traders
  • Forums, alliances, and associations
  • End users who want to know more about haptic technology and latest technological developments in the haptic technology market

Consumer electronics sector accounted for the largest market for haptic technology

The consumer electronics sector accounted for the largest market for haptic technology in 2015, attributed to the increasing integration of haptics into consumer electronic devices such as smart phones, tablets, and other wearable devices. Almost all the smart phones and tablets are inbuilt with haptics and the trend has been shifting to smart watches and wristbands.

In April 2015, Apple Inc. (U.S.) launched its smart watch with haptic technology, and now Samsung is planning to integrate haptics into its upcoming smart watch “Gear S3.”

Asia-Pacific accounted for the largest market for haptic technology and is expected to be the fastest-growing market between 2016 and 2022

Asia-Pacific accounted for the largest share of the global haptic technology market in 2015, driven by the presence of several major semiconductor companies and consumer electronics manufacturing companies in the Asia-Pacific region, especially in China, Japan, South Korea, and Taiwan. Most of the consumer electronics are manufactured in this region and these electronic companies are the end users of haptic products where haptics are integrated into the electronic devices.

In addition, several automotive OEMs and medical device manufactures are integrating haptics into their products which would increase the market for haptics in Asia-Pacific at a considerable rate.

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Haptic Technology Electronics Market Overview:

By Application

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

By Feedback

  • Tactile
  • Force

By Component

  • Actuators
  • Drivers & Controllers
  • Software
  • Others

The report describes market dynamics that include key drivers, restraints, challenges, and opportunities with respect to the haptic technology market and forecasts the same till 2022. This report provides a detailed view of the haptic technology market based on feedback, component, application, and geography.

The report also profiles the prominent players in the market along with their key growth strategies. The competitive landscape of the market analyzes a large number of players.

The market is witnessing numerous collaborations and partnerships across the value chain to cater to various industries in different regions.

This report segments the Haptic Technology market comprehensively and provides the closest market size estimation for sub segments across different regions. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for market growth.

This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes the information on the competitor’s ecosystem, product launches, acquisitions, partnerships, agreements, contracts, and collaborations.

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