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Global Haptic Technology Market to Grow at a CAGR of 11.64% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Haptics Technology Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 02/10/2016 -- Report forecast the global haptic technology market to grow at a CAGR of 11.64% during the period 2016-2020.

Haptic technology deals with touch sensation while interacting with touchscreen devices such as smartphones, tablets, and infotainment systems through a tactile feedback technology. Touch sensations can be in the form of applied forces, motions, or vibrations and can be felt by users through devices.

This stimulation enhances the user experience and can be used to create and control virtual objects. Haptic devices are deployed with tactile sensors that measure the force exerted by a user on the interface. Actuators or motors produce the haptic sensation, which is managed by software incorporated into the device interface through an application programming interface.

The report covers the present scenario and the growth prospects of the global haptic technology market for 2016-2020. To calculate the market size, the report considers the revenue generated from the licensing of haptic technology

The market is divided into the following segments based on application:
- Consumer electronics
- Automotive
- Medical
- Others (desktop phones, printers, POS devices, and industrial controls)

According to the report, the usage of smartphones and tablets has increased primarily in web-based and media-based applications, resulting in high penetration among individual customers. The demand for an interactive sensory experience by consumers drives the demand for devices with haptics.

Further, the report states that end-users are highly price sensitive, and any upgrade in technology results in incremental changes in price, thereby affecting the market growth of vendors.

Global Haptics Technology Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Haptics Technology Market: Immersion

Other Prominent Vendors in the market are: AAC Technologies, ADI, Alps Electric, Atmel, Bluecom, Cypress Semiconductor, Daesung, Dongwoon Anatech, Fairchild, Hokuriku, Hysonic, Imagis, Jahwa Electronics, Jinlong, Johnson Electric, Konghong, Methode Electronics, Microchip, NEC TOKIN, Nidec Copal, RAONTECH, SEMCO, SMK, Texas Instruments, Visteon, and Yeil Electronics.

Market driver
- Growing demand for interactive sensory experience
- For a full, detailed list, view our report

Market challenge
- Constant need for design upgrades
- For a full, detailed list, view our report

Market trend
- High usage of touch screens
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 45 pages and 12 Exhibit "Global Haptics Technology Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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