Transparency Market Research

Haptic Technology Market - Growing Number of Application to Bode Well for Growth

Haptic Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

 

Albany, NY -- (SBWIRE) -- 06/05/2018 -- Haptic is a Greek word which means 'able to come into contact' or 'anything related to sense of touch'. The technology where the sense of touch is recreated through vibration or other means is known as haptic technology. Haptic technology saw one of the earliest applications in large aircrafts, where controls surfaces were operated through servomechanism systems, a system which provided negative feedback when it sensed error.

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The market for haptic technology is growing at a very fast pace, primarily owing to the growing demand for various consumer electronic devices globally. Haptic technology is now a common feature in most mobile handsets such as smart phones and tablets. It is also being used in various laptops. It has also being seeing growing applications in gaming consoles.

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The increasing penetration of internet of things (IoT) coupled with rural penetration of internet in emerging economies has been boosting the growth of smart phones, tablets and laptops market. This in turn has been positively impacting the growth of haptic technology market. Additionally, haptic technology is also being utilized in vehicular electronics and medical electronics among others. Furthermore, various research institutes and research and development (R&D) divisions of corporations have been focusing on improving haptic systems and also to develop newer applications for haptic technology.

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