Haptic Technology Market Trends 2020 | Industry Growth, Share, Size, Demand and Future Scope 2025

According to IMARC Group’s latest report, titled “Haptic Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the global Haptic Technology market to continue its moderate growth during the next five years.

Haptic technology, or kinesthetic communication, are virtual and mixed reality solutions that provide multi-model experiences through sight, sound, and touch. It employs technology that utilizes physical feedback and pressures sensitivity to operate through different devices, such as actuators, haptic drives, and microcontroller units. The haptic actuators are electronic devices that transform electric signals into vibrations, which can be sensed by the user operating the device. This technology creates and monitors virtual objects, game consoles, surgical equipment, and wearable devices, and enhance the efficiency of remote-controlled machines and telerobots.

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Market Trends

The growing consumer electronics sector, along with the increasing adoption of haptic technology solutions for enhanced scalability of devices, is augmenting the market growth. The extensive utilization of haptics in appliances and virtual interfaces for optimum sound, touch, and visual effects has helped in improving product designs and operational efficiencies. Furthermore, widespread adoption of haptic technology in gaming input devices, such as operating consoles and joysticks, offers various intensities of vibrations and mechanical signals for high-end user experience. Additionally, the growing popularity of 3D-touchscreen displays in automobiles and medical electronics is further bolstering the demand for haptic technology. The integration of haptics with robotics, manufacturing and industrial automation, along with the emergence of advanced tools for visually-impaired individuals, will continue to drive the haptic technology market.

Haptic Technology Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 3d Systems Corporation
• Haption
• Immersion Corporation
• Johnson Electric Holdings Limited
• Microchip Technology Inc.
• ON Semiconductor Corporation
• Precision Microdrives Ltd.
• Senseg Oy (O-film Global HK Trading Limited)
• SMK Corporation
• Synaptics Incorporated
• Tactus Technology Inc.
• Texas Instruments Incorporated
• Ultrahaptics

The report has segmented the market on the basis of component, feedback, technology, application and region.

Breakup by Component:
• Actuators
• Drivers and Controllers
• Software
• Others

Breakup by Feedback:
• Tactile
• Force

Breakup by Technology:
• Captive
• Resistive
• Others

Breakup by Application:
• Automotive and Transportation
• Consumer Electronics
• Education and Research
• Gaming
• Healthcare
• Engineering
• Others

Explore full report with table of contents: https://www.imarcgroup.com/haptic-technology-market

Breakup by Region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa

Key highlights of the report:
• Market Performance (2014-2019)
• Market Outlook (2020- 2025)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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