Categories
Entertainment Politics Space

Haptic Technology Market 2021: Top Countries Data with Emerging Opportunities, Key Trends, Sales Growth, Market Value-Chain and Forecast to 2027

 

Global Haptic technology market is valued approximately at USD 2.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2020-2027. The Haptics technology is a bridge between connected device and the user that offers force feedback and tactile feedback to the users over the sense of touch by pertaining forces, vibrations, and motion to the users. This technology provides higher touch vibrations whereas using electronic devices, and outcomes in accurate virtual experience. A key factor driving the growth of the global market for haptic technology is the growing demand for consumer electronic devices such as smartphones, tablets, virtual interfaces, media players and home appliances.

Also, Haptic feedback finds its applications and functions as a persuasive tool in wearable devices, including wristbands, smartwatches, and fitness trackers, having better battery life, faster controls and user-friendly interfaces. For instance, according to the Statista, In the space of three years, the number of connected wearable devices worldwide has more than doubled, rising from 325 million in 2016 to 722 million in 2019. It is estimated that the number of devices will reach more than one billion by 2022. Additionally, Due to rising demand for haptic technology, players in this market are taking initiatives for their expansion in the market.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10346960

For instance: In September 2020, Immersion signed a multi-year license extension for the continued use of Touch Sense applications and haptic technology in its mobile devices with LG Electronics (South Korea). LG is expected to continue the use of Immersion haptic software across its entire range of smartphones. In November 2020, Ultraleap signed an agreement to bring Ultraleap’s hand tracking and mid-air haptic technology to customers in the UAE with IPlan Ideas Events and its division, IPlan Ideas Technologies (IPI Tech), a subsidiary of the Hawas Group based in the UAE. However, transition cost of this technology is extremely high, which may not be reasonable to many companies, this may hinder the market growth over the forecast period of 2020-2027.

The regional analysis of the global Haptic technology market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share due to increasing disposable income, which in turn has expanded the acceptance of consumer devices in the region. Whereas Europe is also anticipated to exhibit the highest growth rate/CAGR over the forecast period 2020-2027, owing to increasing consumer expenditure on technologically advanced electronics devices.
Major market player included in this report are:

Texas Instruments
Johnson Electric
AAC Technologies
TDK
Microchip Technology
3D Systems, Inc.
Force Dimension
Immersion Corporation
Maxim Integrated Product
Precision Microdrives Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players.

Request For Full Report:https://www.kennethresearch.com/sample-request-10346960

The detailed segments and sub-segment of the market are explained below:

By Component:
Hardware
Software
By Feedback Type :
Tactile
Force
By Application:
Consumer Devices
Automotive & Transportation
Education & Research
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research

Email : [email protected]

Phone: +1 313 462 0609

—————————Upcoming Research———————

RFP Software Emerging Trends 2021 By Industry Size, Demand, Future Prospects, Regional Overview, Top Manufacture, Business Growth Strategies and Forecast to 2025
Deception Technology Market
Demand Planning Software Market
Enterprise Network Firewall Market
Human Capital Management Solution Market
Intelligent Video Surveillance Systems Market
KVM over IP Market
Live Streaming Software Market
Managed Cyber Security Services Market
Cyber Security Market
Cloud-Based Security Services Market
Home Security Market
Managed VPN Market
Manufacturing Operations Management Software Market
Master Data Management Market
Mobile Event App Software Market
Non-Profit CRM Market
Security as a Service (SECaaS) Market
Video Interview Software Market
Virtual Private Network (VPN) Market
Virtual Router Market
Virtual Server Market
Web Conferencing Software Market
Digital Banking Platforms Market
Cyber Security Market
Digital Banking Platforms Market
Distributed Antenna System Market
Cyber Security Market
Cyber Security Market
Internet of Things Networks Market
Live Streaming Services Market
Mentoring Software Market
Telecom Consulting Market
Telecom Power Systems Market
Telecommunication Market
Telescopic Extraction Arms Market
Threat Intelligence Market
USB Flash Drive Market
User Authentication Solution Market
IT-as-a-Service Market
Mobile Point of Sale(mPOS) Market
Warranty Management System Market
Web Filtering Market
Web to Print Software Market
Whitebox Servers Market
Wi-Fi Chipsets Market
Wire & Cable Management Market
Wireless Telecom Infrastructure Market
4D Technology Market
Cyber Security Insurance Market
Artificial Intelligence (AI) for Telecommunication Market
Campaign Management Software Market
Pay-TV Services Market
Point of Sale Software Market
Quantum Computing Technology Market
Quick Service Restaurant Market
Content Recommendation Engine Market
Data Center Market
Vendor Management Software Market
Structured Collaboration Software Market
Third-Party Optical Transceivers Market
Virtual Rehabilitation and Telerehabilitation Systems Market
Cloud Electronic Design Automation (EDA) Market

https://bisouv.com/