Global Haptic Technology Market Size, Trends & Growth Opportunity, By Component (Hardware and Software), By Feedback Type (Tactile and Force), By Applications (Consumer Devices, Automotive & Transportation, Education & Research, Commercial & Industrial, Healthcare, and Others), and By Region and Forecast till 2027.
Report ID : QR1001397 | Industries : Information and Communication Technology | Published On :January 2022 | Page Count : 238Global Haptic Technology Market
Haptics technology is a user-to-connected-device interface that provides tactile and force feedback to users via their sense of touch by applying vibrations, forces, and motion. The use of haptics technology in joysticks, controllers, steering wheels, and future video games improves the user experience by incorporating sound, light, and touch into the virtual world, allowing users to feel and manipulate virtual avatars and tools.
When compared to other senses used in user computer interaction, such as audio and vision, haptics is considered to be more direct. Smart phones, handheld devices like GPS units, desk phones, toys, barcode readers, automotive dashboards, medical devices, and industrial instruments all use haptic technology.
Drivers: The global haptic technology market is expected to grow due to rising demand for consumer electronics devices such as smartphones, tablets, media players, home appliances, virtual interfaces, and the need for product differentiation. Furthermore, technological advancements and rising demand for gaming applications will propel the market forward.
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Restraints: The high power consumption and touch screen complex design regulations of haptic technology enabled devices raise device maintenance costs, which is expected to stymie market growth.
Impact of Covid-19
Due to the outbreak of the COVID-19 pandemic in January 2020, the haptic technology industry is expected to grow slowly. Lockdowns and movement restrictions imposed by the government have caused supply chain disruptions and distribution facility closures, among other issues. This has resulted in a sharp drop in consumer electronics and other touchscreen devices, affecting market demand. In addition, shifting consumer focus to essential commodities and the temporary shutdown of manufacturing, distribution, and service industries around the world will limit market growth.
Segmentation By Component: Global Haptic Technology Market is classified on the basis of Component into Hardware and Software. Hardware segment holds the largest market share of Global Haptic Technology Market.
Segmentation By Feedback Type: Global Haptic Technology Market is classified on the basis Feedback Type into Tactile and Force. Tactile segment holds the largest market share of Global Haptic Technology Market.
Segmentation By Applications: Global Haptic Technology Market is classified on the basis of Application into Consumer Devices, Automotive & Transportation, Education & Research, Commercial & Industrial, Healthcare, and Others. Automotive & Transportation segment holds the largest market share of Global Haptic Technology Market.
Segmentation By Region: Global Haptic Technology Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific holds the largest market share of Global Haptic Technology Market.
Competitive Landscape: Texas Instruments (US), Johnson Electric (Hong Kong), AAC Technologies (China), TDK (Japan), Microchip Technology (US), Immersion Corporation (US), Ultrahaptic (Ultraleap) (UK), Haption S.A. (France), and ON Semiconductor Corporation (US).
Industrial Development
- Ultraleap signed an agreement with IPlan Ideas Events and its division, IPlan Ideas Technologies (IPI Tech), a subsidiary of the UAE-based Hawas Group, in November 2020, to bring Ultraleap's hand tracking and mid-air haptic technologies to clients in the UAE. IPI Tech will bring the technology to a variety of industries, including kiosk manufacturers, retail, advertising and marketing, and movie theatres, among others.
- LG Electronics (South Korea) signed a multi-year licence renewal with Immersion in September 2020 for the continued use of TouchSense software and haptic technologies in its mobile devices. LG is expected to keep using Immersion haptic software across its entire smartphone lineup.
- Microchip Technology announced the opening of a new research and development centre in Chennai, India, in July 2019. The new R&D centre, which employs around 1,200 people, aims to catalyse the development of the local ecosystem for integrated circuit design and specialised embedded systems development.
Market Taxonomy
By Component
- Hardware
- Software
By Feedback Type
- Tactile
- Force
By Application
- Consumer Devices
- Automotive & Transportation
- Education & Research
- Commercial & Industrial
- Healthcare
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Haptic Technology Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Haptic Technology Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3. Executive Summary
4. Global Haptic Technology Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Haptic Technology Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
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- Global Haptic Technology Market Share Analysis, By Component
5.3 Global Haptic Technology Market Size and Forecast, By Component
5.3.1 Hardware
5.3.2 Software
6. Global Haptic Technology Market, By Feedback Type
6.1 Y-o-Y Growth Comparison, By Feedback Type
6.2 Global Haptic Technology Market Share Analysis, By Feedback Type
6.3 Global Haptic Technology Market Size and Forecast, By Feedback Type
6.3.1 Tactile
6.3.2 Force
7. Global Haptic Technology Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
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- Global Haptic Technology Market Share Analysis, By Application
-
- Global Haptic Technology Market Size and Forecast, By Application
- Consumer Devices
- Automotive & Transportation
- Education & Research
- Commercial & Industrial
- Healthcare
- Others
- Global Haptic Technology Market Size and Forecast, By Application
8. Global Haptic Technology Market, By Region
8.1 Global Haptic Technology Market Share Analysis, By Region
8.2 Global Haptic Technology Market Size and Forecast, By Region
8.2 Global Haptic Technology Market Size and Forecast, By Region
9. North America Haptic Technology Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Haptic Technology Market Share Analysis, By Component
9.3 North America Haptic Technology Market Size and Forecast, By Feedback Type
9.4 North America Haptic Technology Market Size and Forecast, By Application
9.5 North America Haptic Technology Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Haptic Technology Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Haptic Technology Market Share Analysis, By Component
10.3 Europe Haptic Technology Market Size and Forecast, By Feedback Type
10.4 Europe Haptic Technology Market Size and Forecast, By Application
10.5 Europe Haptic Technology Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe (Russia, Spain, Finland, Denmark, Italy, Greece, and Sweden)
11. Asia Pacific Haptic Technology Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Haptic Technology Market Share Analysis, By Component
11.3 Asia Pacific Haptic Technology Market Size and Forecast, By Feedback Type
11.4 Asia Pacific Haptic Technology Market Size and Forecast, By Application
11.5 Asia Pacific Haptic Technology Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific (Hong Kong, Australia, Singapore, New Zealand, Indonesia, Malaysia, and Taiwan)
12 Latin America Haptic Technology Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Haptic Technology Market Share Analysis, By Component
12.3 Latin America Haptic Technology Market Size and Forecast, By Feedback Type
12.4 Latin America Haptic Technology Market Size and Forecast, By Application
12.5 Latin America Haptic Technology Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Haptic Technology Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Haptic Technology Market Share Analysis, By Component 13.3 Middle East Haptic Technology Market Size and Forecast, By Feedback Type
13.4 Middle East Haptic Technology Market Size and Forecast, By Application
13.5 Middle East Haptic Technology Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Texas Instruments (US)
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Johnson Electric (Hong Kong)
1.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. AAC Technologies (China)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. TDK (Japan)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Microchip Technology (US)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Immersion Corporation (US)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Ultrahaptic (Ultraleap) (UK)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8. Haption S.A. (France)
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. ON Semiconductor Corporation (US)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies