Allied Market Research

2024

Smart Haptic Devices Market

Smart Haptic Devices Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Application and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Emerging and Next Generation Technologies

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Author's: | Sonia Mutreja
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Smart haptic devices use the haptic technology that provides user the real time experience of action by applying force, vibrations, and motions through the integrated device of the haptic system. Thus, these are kinesthetic communication or provides an illusion of 3D touch. The virtual objects in the system are created by mechanical stimulations to enhance the virtual experience of the user and also the proficiency of the remote control. Smart haptic devices are available in the market in the form game controllers, joystick, and steering wheels that are connected to the systems via Bluetooth and Wi-Fi. The use of haptic devices is done in various sectors such as medicine, robotics, art-design, handwriting. The rise in demand for autonomous systems in various industrial verticals round the globe provide the thrust to the smart haptic devices market. 

The factors including the rise in integration of autonomous systems in industries, innovations of sensors used in smart haptic devices, and development of virtual reality drive the smart haptic devices market growth. The rise in competition among the various industries and also the emerging market of fashion, media & entertainment has shifted the industrial verticals toward automation. The real time experience provided by the smart haptic devices offers advantage of testing, analysis, and execution to the R&D departments of these industries. Thus, influencing the smart haptic devices market. Innovation of sensors such as tactile sensors and acoustic wave sensors used in haptic devices for various application has seen recent development and advancement in terms of efficient output provided by these integrated sensing devices. The proficiency provided by these sensors enhance the real time experience provided to the user. The proficiency of these devices allows them to be used in the automotive and machine design. Therefore, the smart haptic devices market is expected to experience growth during the forecast period.

In addition, the development of virtual reality and augmented reality has further influenced the smart haptic devices industry. As, virtual reality provides the user a whole 360-degree real time scenario which influences demand for the smart haptic devices in the video gaming control systems. However, the adoption of IoT and AI demands the devices with minimum power consumption, but the use of smart haptic devices utilizes enhanced energy consumption. Further, the development of smart haptic technology can open a wide market for growth in the industrial vertical of medicine and science. 

The smart haptic devices market is segmented on the basis of component, application, industry vertical, and region. On the basis of component, it is bifurcated into hardware and software. On the basis of application, it is classified into machine learning, medical surgery navigation, automotive design, aviation simulation, and gaming. On the basis of industry vertical, it is categorized into automotive, consumer electronics, industrial, healthcare, and defense. On the basis of region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players covered in the smart haptic devices industry are Synaptics Incorporated, IMAGIS Co., Ltd., Precision Microdrives, Ltd., Microchip Technology, Inc., SMK Corporation, ON Semiconductor Corporation, Ultrahaptics, Texas Instruments, Inc., Force Dimension, and Senseg Oy.

KEY BENEFITS FOR STAKEHOLDERS

  • This study includes the analytical depiction of the global smart haptic devices market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Smart Haptic Devices Market Report Highlights

Aspects Details
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By Component
  • Hardware
  • Software
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By Application
  • Machine Learning
  • Medical Surgery
  • Navigation
  • Automotive Design
  • Aviation
  • Stimulation Gaming
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By Industry Vertical
  • Automotive
  • Consumer Electronics
  • Industrial
  • Healthcare
  • Aerospace & Defense
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

SMK Corporation, Force Dimension, Precision Microdrives, Ltd, Senseg Oy., ON Semiconductor Corporation, IMAGIS Co., Ltd, Texas Instruments, Inc, Synaptics Incorporated, Microchip Technology, Inc, Ultrahaptics

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Smart Haptic Devices Market

Global Opportunity Analysis and Industry Forecast, 2023-2032