Haptic Technology Industry 2020: Historical Analysis, Opportunities, Latest Innovations, Top Players Forecast 2025
Market Overview
Major factors driving the growth of haptic Technology Industry is the increasing adoption of haptics technology into consumer electronics like mobile phones and tablets, gaming consoles, automotive sector and many others. Haptic devices have integrated tactile devices that measure the force exerted by users. Haptics provides with an enhanced user interface by taking the user experience to a whole new level.
Global Haptic Technology Industry  is expected to grow at approx. USD 22 Billion by 2023, at 16% of CAGR between 2017 and 2023.
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Several factors are responsible for the ascension of the haptic Technology Industry . accelerated adoption of haptics technology in consumer electronics such as tablets, gaming consoles, and mobile phones is complementing market growth.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Haptic Technology Industry  Research Report-Forecast to 2023”.
Key Players
Some of the notable players in the haptics Technology Industry , as profiled in the latest MRFR analysis include 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.), and Force Dimension (Switzerland).
Market Segmentation
The haptic Technology Industry  has been segmented on the basis of component, feedback and application. The application segment is further bifurcated into consumer electronics, automation & transportation, education & research, gaming, healthcare, engineering and others. Out of which the healthcare segment is expected to have higher growth potential owing to the growing medical applications. Tactile imaging translates the sense of touch into a digital image and this proves to be very beneficial in various clinical applications.
Detailed Regional Analysis
The Haptic Technology Industry is segmented into the regions of Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).
The regional analysis of haptic Technology Industry is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that Asia Pacific is estimated to account for the largest share of the market, whereas North America is projected to grow at the fastest rate during the forecast period. The major growth in haptic Technology Industry in Asia Pacific is attributed to technical advancements and increasing demand for mobiles and tablets in that region.
Industry Update
August 2019: Immersion Corporation recently signed a license agreement with Awinic Technology Ltd to develop Immersion haptic patent and technology licenses available to wearable OEMs and mobile phones through Awinic.
LIST OF TABLES
TABLE 1 HAPTIC TECHNOLOGY INDUSTRY , BY COMPONENT
TABLE 2 HAPTIC TECHNOLOGY INDUSTRY , BY FEEDBACK
TABLE 3 HAPTIC TECHNOLOGY INDUSTRY , BY APPLICATION
TABLE 4 HAPTIC TECHNOLOGY INDUSTRY , BY REGIONS
TABLE 5 NORTH AMERICA HAPTIC TECHNOLOGY INDUSTRY , BY COMPONENT
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 HAPTIC TECHNOLOGY INDUSTRY , BY COMPONENT (%)
FIGURE 3 HAPTIC TECHNOLOGY INDUSTRY , BY FEEDBACK (%)
FIGURE 4 HAPTIC TECHNOLOGY INDUSTRY , BY APPLICATION (%)
FIGURE 5 HAPTIC TECHNOLOGY INDUSTRY , BY REGIONS (%)
Continued…….
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