North America to Hold Foremost Share in Global Haptic Technology Market

Market Overview

Major factors driving the growth of haptic technology market 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 Market 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 market. 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 Market Research Report-Forecast to 2023”.

Key Players

Some of the notable players in the haptics technology market, 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 market 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 Market 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 market 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 market 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 MARKET, BY COMPONENT

TABLE 2 HAPTIC TECHNOLOGY MARKET, BY FEEDBACK

TABLE 3 HAPTIC TECHNOLOGY MARKET, BY APPLICATION

TABLE 4 HAPTIC TECHNOLOGY MARKET, BY REGIONS

TABLE 5 NORTH AMERICA HAPTIC TECHNOLOGY MARKET, BY COMPONENT

Continued……

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LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 HAPTIC TECHNOLOGY MARKET, BY COMPONENT (%)

FIGURE 3 HAPTIC TECHNOLOGY MARKET, BY FEEDBACK (%)

FIGURE 4 HAPTIC TECHNOLOGY MARKET, BY APPLICATION (%)

FIGURE 5 HAPTIC TECHNOLOGY MARKET, BY REGIONS (%)

Continued…….

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