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Title: Haptic Technology for Mobile Devices Market Analysis | Coherent Market Insights


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
HAPTIC TECHNOLOGY FOR MOBILE DEVICES MARKET
ANALYSIS
  • Haptic Technology for Mobile Devices Market, by
    Type (Actuators, Drivers and Controllers,
    Software, and Others), by Application (Smart
    phones, Tablets, and Others), and by Region
    (North America, Europe, Asia Pacific, Latin
    America, Middle East, and Africa) - Size, Share,
    Outlook, and Opportunity Analysis, 2019 2027
  • The global haptic technology for mobile devices
    market is expected to exhibit a CAGR of 18
    during the forecast period (2019-2027).

3
Market Dynamics- Drivers
  • Increasing adoption of haptic technology in
    consumer electronics is expected to drive growth
    of the global Haptic Technology for Mobile
    Devices Market during the forecast period 
  • The increasing demand for consumer electronics
    is expected to drive demand for haptic technology
    for mobile devices. Nowadays haptic technology is
    the common feature in most of the smartphones and
    tablets. The increasing penetration of internet
    of things (IoT) in the emerging economies has
    driven growth of smartphones, tablets, and other
    mobile devices. For instance, according to
    Coherent Market Insights, in China, the
    penetration of smartphone increased from 676.5
    million in 2017 to 782.3 million in 2020. The
    main factor for rising demand for haptic
    technology is attributed to the rising number of
    smartphone manufacturers. Moreover, touch screen
    have become the most preferred interfaces for
    mobile devices. Furthermore, smart wearables such
    as smart watches are using haptic technology, in
    order to offer good consumer experience, across
    the globe is the factor that is expected to drive
    growth to the market.

4
  • Asia Pacific is expected to witness significant
    growth over the forecast period.
  • This is attributed due to growing smart phone
    penetration and increasing usage of internet
    connected devices. For instance, according to
    Coherent Market Insights, in China, the
    penetration of smartphone as share of population
    increased from 66.3 in 2016 to 73.2 in 2022.
    Apart from Asia Pacific, North America is
    expected to account for the largest market share
    over the forecast period, owing to presence of
    key players in the region such as Texas
    Instruments Incorporated and Precision
    Microdrives Limited. For instance according to
    Coherent Market Insights report, the number of
    smart phone users in the U.S. increased from
    209.5 million in 2016 to 273.3 million in 2020. 

5
  • Among regions, Asia Pacific region held a
    dominant position in the global haptic technology
    for mobile devices market in 2019, accounting for
    29 share in terms of value, followed by North
    America and Europe, respectively.

6
Market Restraints
  • Consumption of huge power in haptic technology is
    expected to hamper growth of the global haptic
    technology for mobile devices market over the
    forecast period
  • The power consumption and technical challenges
    related to designing of mobile devices are the
    major factors that are expected to restrain the
    market growth of haptic technology for mobile
    devices over the forecast period. Moreover, all
    the mobile devices that are enabled with haptic
    technology are battery-powered and thus more
    engineers and designers are concerned about the
    power consumption in the battery. Basically there
    are two types of haptic technologies which are
    used in the mobile devices such as basic haptic
    and HD haptic technologies. The devices which are
    made with basic haptic technology consume more
    power as compared to HD haptic technologies. When
    HD haptic technologies are used in mobile
    devices, then the consumption of power is higher
    than the basic haptic technology devices. These
    factors are expected to hinder demand for haptic
    technology for mobile devices and thereby
    expected to restrain the market growth over the
    forecast period.

7
Market Opportunities
  • Increasing demand for haptic technology in
    textile, automotive, and healthcare industries
    are expected to create lucrative growth
    opportunities for market players.
  • The increasing demand for haptic technology in
    the textile industry due to integration of the
    new haptic technology, where people can feel the
    texture of the cloth by using internet. Recently
    a force jacket have was launched using haptic
    technology. This jacket include experiences of
    augmented reality and virtual reality, where a
    person can feel the haptic effects including hug
    and pinch on the body. This technology is used in
    gloves through virtual reality applications. For
    instance, when a person will use these gloves, it
    can monitor how the person is interacting with
    the real objects and how skin is stretching or
    contracting when person lift any object. These
    factors are expected to drive demand for haptic
    technology during the forecast period.

8
  • Moreover, haptic technology is adopted by the
    automotive manufacturers to provide more
    information to drivers about safety of the cars.
    Drivers will be able to feel the road and control
    the car systems using haptic sensors.
    Furthermore, cars are also getting enhanced to
    have understanding of their surrounding and react
    as par situation by sharing the information with
    driver through vibration. Currently this
    technology is utilized in seat and steering
    wheel. Steering wheels or seat can vibrate to
    inform driver, when lane change is happening
    without any indication. Thus, increase of haptic
    technology in automotive industry is expected to
    drive the market growth over the forecast period.
  • Moreover, haptic technology finds its increasing
    application in healthcare. The trainee surgeons
    can perform virtual operation by using haptic
    technology. This process of conducting a virtual
    operation as a trainee minimizes the risk of
    harming a human life. Telepresence surgery is
    used in medical industry and haptic technology
    allow expert surgeons to operate patients from a
    distance and give the appearance of being present
    in the surgeries.  Haptic technology provides
    doctors with the feel of virtual patients by
    using virtual reality application in the medical
    field. This is expected to drive demand for
    haptic technology over the forecast period

9
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10
Competitive Section
  • Key companies operating in the haptic technology
    for mobile devices market include Immersion,
    Texas Instruments Incorporated, Precision
    Microdrives Limited, Johnson Electric Holdings
    Limited, AAC Technologies, Analog Devices, Inc.,
    ALPS ALPINE CO., LTD., Microchip Technology Inc.,
    Cypress Semiconductor Corporation, Methode
    Electronics, NIDEC COPAL ELECTRONICS, SMK
    ELECTRONICS CORPORATION U.S.A, Visteon
    Corporation, Semiconductor Components Industries,
    LLC, Synaptics Incorporated, Apple Inc., and
    SAMSUNG.

11
Key Developments
  • Key companies are focusing on expanding product
    portfolio by product expansion/development
    strategies, in order to gain competitive edge in
    the market. For instance, in August 2017,
    Immersion expanded its agreement with LG
    Electronics Inc. In this agreement, LG
    Electronics provided with license to use
    Immersion TouchSense technologies for
    high-definition haptic in LG Electronics mobile
    devices including LGV 30 smartphone. This
    agreement will help these two companies to
    enhance LG mobile devices with haptic
    technologies.
  • Key manufacturers are focusing on product
    launches, in order to enhance their product
    portfolio. For instance, in April 2013, Texas
    Instruments Incorporated launched DRV2605
    eccentric rotating mass actuator (ERM) and linear
    resonant actuator (LRA) haptic driver which add
    realistic tactile feedback effects to consumer
    and industrial products such as smartphones,
    tablets, eBooks, refrigerators, microwave ovens,
    and washing machines.

12
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com/
    market-insight/haptic-technology-for-mobile-device
    s-market-3761

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

14
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
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