Haptics Technology Market Size, Share Analysis to 2022, Leading Players-Ultrahaptics (U.K), Haption SA (France), ON Semiconductor Corporation (U.S.), Texas Instruments, Inc. (U.S.), Microchip Technology, Inc. (U.S.), Precision Microdrives, Ltd. (U.K.).

Haptics Technology Market Overview:

Haptics technology is an interface between the user and the connected device that provides users with tactile feedback and force through the sense of touch by applying vibrations, forces and movements to users. The use of Haptics technology in joysticks, controls and steering wheels, as well as in future video games, improves the user experience by combining sound, light and touch, allowing users to feel and play, manipulate avatars and virtual tools incorporating Haptics in the virtual world. The haptic senses are considered more direct than other senses used in user-computer interactions, such as audio and vision. Haptic technology finds its place in various electronic and mechanical products, such as smart phones, portable devices such as GPS, office telephones, toys, bar code scanners, automotive dashboards, medical devices and industrial instruments. Different types of haptic effects are used in different products. Haptics technology improves user-friendliness by fully involving the user's senses, such as in a shooter when a user selects a virtual button. A user can detect the virtual button due to the haptic that increases performance. Haptics technology increases user confidence by providing security and reducing distractions. This technology increases the mechanical sensation since the user can now feel the virtual buttons on the touch screen.

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Haptics Technology Market Drivers and Restraints:
The haptic technology market is growing very rapidly, mainly due to the growing demand for various consumer electronic devices around the world. Haptic technology is now a common feature of most mobile phones, such as smartphones and tablets. It is also used in several laptops. It also sees more and more applications in game consoles. The growing penetration of the Internet of Things (IoT), combined with the penetration of rural Internet in emerging economies, has stimulated the growth of the market for smartphones, tablets and laptops. This had a positive impact on the growth of the haptic technology market. In addition, haptic technology is also used in automotive electronics and medical electronics, among others. In addition, several research institutes and divisions of research and business development (R & D) have focused on improving haptic systems and developing new applications for haptic technology. Given all the positive impacts of the factors mentioned above, the haptic technology market is expected to grow rapidly.

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Haptics Technology Market Geographical Segmentation:
The global market for haptic technology has been segmented into five regions: North America, Europe, Asia Pacific, Latin America and the Middle East and Africa (MEA). In terms of revenue, the Asia-Pacific region had the highest market share in 2015, followed by North America and Europe. The growing penetration of smartphones, the increasing use of Internet-enabled devices and the large number of consumer electronics users are the main reasons why Asia-Pacific is the main source of income. North America is the second largest source of revenue in the haptic technology market. The growth rate of haptic technology is also good in Latin America, with a growing penetration of smartphones and tablets in the region.

Top Companies Listed in Haptics Technology Market:
Ultrahaptics (U.K), Haption SA (France), ON Semiconductor Corporation (U.S.), Texas Instruments, Inc. (U.S.), Microchip Technology, Inc. (U.S.), Precision Microdrives, Ltd. (U.K.), SMK Corporation (Japan), IMAGIS Co., Ltd. (South Korea) and Synaptics Incorporated (U.S.).

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