Allied Market Research

2024

Haptic Technology Market

Haptic Technology Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by TECHNOLOGY and by APPLICATION : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Sensors and Controls

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Author's: | Sonia Mutreja
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Increasing demand of product differentiation to gain consumer loyalty is a major driving force to adopt advanced technologies. The adopted advanced technologies would make human interaction more appealing. The need for an advanced technology gave way to adopting haptic technology that would make human and computer interaction possible. Haptic sensing technology is considered superior as compared to other sensing technologies that are used for human interface such as vision and auditions. This technology delivers higher touch sensations while using electronic devices, and  results in realistic virtual experience. Conventional touch screen lack in physical feedback, this barrier is eliminated by haptic technology as it delivers clearly identifiable tactical verification to improve safety by eliminating distractions. This virtual confirmation plays critical role in application areas like automotives, navigations etc. 
Switching cost of this technology is very high, which may not be affordable to many companies. This acts as a major limiting factor restraining the adoption in many application segments. Power consumption haptic technology based devices is impacting the adoption of this technology in smart phones and other handheld electronics devices. 

KEY BENEFITS

  • An in-depth analysis is done for the Global haptic technology market by considering adoption rate in various geographic regions and application segments
  • Estimations are made by considering current market trends, future potential investment for analysis with base revenue of 2012
  • Top investment pockets are analyzed in this report for various application segments and geographic regions of haptic technology market
  • Market share of top companies is analyzed in this report that helps new entrants to understand current market scenario 
  • Deep dive intelligence for Drivers, Restraints and Opportunities of haptic technology market and impact analysis of these factors by considering current market scenario and future trends are dealt more profoundly

 

Haptic Technology Market Report Highlights

Aspects Details
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By Component
  • Actuators
  • Microcontroller
  • Others
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By TECHNOLOGY
  • Captive
  • Resistive
  • Others (optical imaging, surface acoustic wave)
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By APPLICATION
  • Automotive & transportation
  • Consumer electronics
  • Healthcare
  • Gaming
  • Others
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Microchip Technologies, Inc., Immersion Corporation, Texas Instruments, Inc., Cypress Semiconductor Corporation, Senseg Oy, Synaptics Incorporated, Precision Microdrives Ltd., Ultrahaptics, Johnson Electric Holdings Ltd., Samsung Electronics

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Haptic Technology Market

Global Opportunity Analysis and Industry Forecast, 2023-2032