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 smartphones, portable devices such as GPS, office telephones, toys, barcode 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 touchscreen.
Global Haptic Technology Market Size:
According to our Research analysts, the size of the Global Haptic Technology Market was valued at USD 6.6 Billion in 2017 and this value predicted to grow USD 12.8 Billion by 2022.
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Global Haptic 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 on 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.
Global Haptic Technology Market - Geographical Segmentation and Analysis:
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 a 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.
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Companies leading the Global Haptic Technology Market profiled in the report are:
- Immersion Corporation
- Texas Instruments, Inc.
- Precision Microdrives Ltd.
- Johnson Electric Holdings Ltd.
- Ultrahaptics
- On Semiconductor Corporation
- Microchip Technologies, Inc.
- Synaptics Incorporated
- SMK Corporation
- Haption S.A.
- Senseg Oy
- Geomagic, Inc.
- Force Dimension
- Imagis Co., Ltd.
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