How will the Haptic Technology market look like in terms of trends and analysis in 2026?

The global haptic technology market is expected to grow at a CAGR of 16% during the forecast period, 2019–2026. Haptic technology recreates the ‘sense of touch’ by applying vibrations or motions and measures the tactile sensation of human-computer interaction. This technology is extensively used in consumer electronics such as smartphones and tablets to enhance customer experience. Growing demand from consumer electronics and gaming applications and technological advancements are projected to drive market growth.

The adoption of tele-haptics along with augmented reality (AR) or virtual reality (VR) in gaming and medical sectors is expected to provide a new growth avenue for the haptic technology market during the forecast period; for instance, companies such as Apple and Google are focusing on R&D and investing in AR/VR technology.

The global haptic technology market is expected to witness dynamic growth on account of rapid urbanization around the globe, introduction of innovative technology, and escalating demand for more sophisticated devices for ease of use in the day-to-day life of individuals. Additionally, the demand for innovative products in consumer electronics such as smartphones and tablets is also expected to be key factor fostering market growth.

The adoption of innovative technologies in all fields, including education, research, healthcare, technology, and others is a trend expected to positively influence the global haptic technology market. The application of haptics in surgical and other simulation applications is expected to provide impetus to market growth during the forecast period, 2019–2026.

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The Major Players Covered in this Report: Immersion Corporation (U.S.), Texas Instruments Incorporated. (U.S.), Precision Microdrives Limited (U.K.), Johnson Electric Holdings Limited (Hong Kong), ULTRAHAPTICS (U.K.), ON Semiconductor (U.S.), Microchip Technologies (U.S.), Synaptics Incorporated (U.S.), 3D Systems, Inc. (U.S.), SMK Electronics Corp (U.S.), HAPTION (France), and Densitron (U.K.)., & More...

By Component, Drivers and Controllers, Actuators, Software, Others,
By Feedback, Tactile, Force,
By Application, Gaming, Education & Research, Healthcare, Consumer Electronics, Automotive & Transportation, Others,

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Haptic Technology in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Haptic Technology market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Haptic Technology and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Haptic Technology. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Why Buy This Report?
Our report covers the global haptic technology market insights, focusing on recent developments in the market in different regions and development strategies of the companies. Moreover, following sections are specifically covered in the report.

Competitive Analysis
Market Concentration of Top Five Players
Potential Ventures

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