Haptic Technology Market | Trends, Analysis, Size, Share

1
The Global Haptic Technology Market to Grow at
14.85 of CAGR by 2027
Triton Market Research presents the Global Haptic
Technology Market report segmented by Feedback
Type (Force, Tactile), by Components (Software,
Actuators, Drivers Controllers), by Application
(Engineering, Automotive Transportation,
Healthcare, Consumer Electronics, Gaming,
Education Research, Others), by Geographical
Region (North America, Europe, Asia-Pacific,
Latin America, Middle East and Africa),
discussing Key Impact Analysis, Porter's Five
Force Analysis, Drivers, Restraints, Challenges,
Vendor Scorecard, Global Market Size, Forecasts
Analysis (2019-2027).
A Triton Market Research report depicts that the
Global Haptic Technology Market is increasing at
a growth rate of 14.85 during the forecast
period 2019-2027. Request a Free
Sample https//www.tritonmarketresearch.com/repor
ts/haptic-technology-marketrequest-free-sample Th
e growing demand for haptic technology systems by
the gaming console companies, the increasing use
of consumer electronic devices, rising demand by
touch screen applications and the ever-increasing
innovation application in the automotive
industry are some of the critical factors driving
the growth of haptic technology market. However,
the high adoption cost of the technology and the
considerable power consumption are restraining
the market growth. Besides, the technical
challenges faced by the manufacturers are
significant challenges to the growth of the
haptic technology market. A haptic device is used
to create manual interaction virtually between
the computer and the user. Through haptic
technology, a user can not only feed information
but also sense three-dimensional the virtual
object features like shape, texture, temperature
and weight.
2
Latin America is expected to be the
fastest-growing region in the haptic technology
market over the forthcoming years. The
increasing demand for haptic technology by the
aircraft, automobile and security industries in
countries like Brazil is driving the growth of
the haptic technology market in in the region. On
the other hand, Asia-Pacific is anticipated to
be the largest market for haptic technology in
the estimated period. The growing economies of
countries like Japan and South Korea and the
expanding telecom IT industry in the region
are the main factors aiding the regional market
growth. The major players in the haptic
technology market are Synaptics, 3D Systems Inc,
Force Dimension, Haption, Imagis, Johnson
Electric Holdings Limited, Microchip Technology
Inc, Immersion, Texas Instruments Incorporated,
Precision Microdrives Limited, Ultraleap Limited,
Semiconductor Components Industries LLC, Senseg
Oy and SMK Manufacturing Inc. Out of these
companies, Immersion is the only vendor that
provides products that incorporate haptic
technology and it has partnered with OEMs. As all
component suppliers and OEMs depend on one
company, it has become the price setter for the
haptic technology market. Contact Us
sales_at_tritonmarketresearch.com Phone 44 7441
911839