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Haptic Technology Market by Global Trends, Opportunities and Industry Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-15 

The haptic technology market is estimated to garner remarkable growth on account of proliferating use of self-service kiosks with enhanced haptic feedback and 3D touchscreens. Numerous kiosk manufacturers have begun to integrate 3D and haptic technology in their products to offer improved visualization of objects.

Rising adoption of haptic technology in the automobile sector could play a crucial role in boosting product penetration. Automakers are driving heavy demand for 3D touchscreen displays that improve driver communication. This has compelled manufacturers to develop haptic solutions specific for automotive applications. The haptic technology market might surpass USD 10 billion by 2026.

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The use of haptic technology can be seen in the automotive industry, particularly in technologies which directly involve the drive or the person in the automobile. It is to be noted that each type of haptic technology has a diverse use in automobiles. Citing an instance, ERMV motors are frequently utilized in dashboards, built-in Sat Nav's, touch screens, and in central control systems which wars the driver when the engine is probably going to overheat.

Some major findings in the haptic technology market report include:

  • Increasing penetration of smartphones, tablets, and laptops with advanced haptic feedback is augmenting the demand for haptic technology in the market. Haptic technology simulates a sense of touch with these devices, enhancing the overall user experience.
  • Rising implementation of haptic technology in the automotive sector is proliferating the demand for 3D touchscreen displays in modern vehicles for enhanced driver communication
  • Increasing disposable income coupled with consumer inclination to purchase technologically advanced gaming equipment in North America and MEA is supporting the demand for haptic technology enabled products in these regions
  • Haptic technology providers are focusing on strategic collaborations with electronic manufacturers to integrate high-fidelity haptic into mobile phones, smart wearables, etc.
  • The haptic technology market in Europe is expected to witness a rapid growth due to the increasing use of high-performance haptic solutions in healthcare and defense sectors
  • Key players operating in the haptic technology market include Texas Instruments, Inc., Haption S.A, MK Electronics, Geomagic, Inc., Immersion Corporation, and Force Dimension
  • Market players are adopting several strategies focusing on developing alliances with technology providers to launch innovative haptic technology solutions in the market. Established companies are also emphasizing on business expansion strategies to cater to a wider customer base.

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The Asia Pacific region is expected to project a positive market outlook owing to the increasing adoption of smartphones and tablets. The region is anticipated to dominate the global industry owing to the growing use of smart devices including touchscreen home appliances such as smart refrigerators and kitchen appliances. Electronic manufacturers in Asia Pacific are launching new products to cater to the growing demand for smart gaming devices in the region. For instance, in June 2018, Huawei launched its new Honor Play gaming smartphone integrated with 4D haptic feedback that provides different styles of vibrations in the video game.

Table of Contents (ToC) of the report:

Chapter 5.    Haptic Technology Market, By Component

5.1.    Key trends by component

5.2.    Actuators

5.2.1. Market estimates and forecast, 2016 – 2026

5.3.    Drivers & controllers

5.3.1. Market estimates and forecast, 2016 – 2026

5.4.    Software

5.4.1. Market estimates and forecast, 2016 – 2026

Chapter 6.    Haptic Technology Market, By Application

6.1.    Key trends by application

6.2.    Consumer electronics

6.2.1. Market estimates and forecast, 2016 – 2026

6.3.    Gaming

6.3.1. Market estimates and forecast, 2016 – 2026

6.4.    Automotive

6.4.1. Market estimates and forecast, 2016 – 2026

6.5.    Healthcare

6.5.1. Market estimates and forecast, 2016 – 2026

6.6.    Robotics

6.6.1. Market estimates and forecast, 2016 – 2026

6.7.    Others

6.7.1. Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/haptic-technology-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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