Albany, NY -- (SBWIRE) -- 04/19/2019 -- ResearchMoz present a comprehensive research report namely "Global Haptics Technology Market Size, Status and Forecast 2019-2025" which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer's Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2025.
This report studies the Haptics Technology market, Haptic technology,or haptics,is a tactile feedback technology which takes advantage of the sense of touch by applying forces, vibrations, or motions to the user. Latest trends in haptics are proving to grow day by day as most of the people and scientists throng into this field due to its interesting nature. Modern technologies especially in scientific disciplines have aided quality advancements and trends in the haptics technology.
The increase in the demand of consumer electronics devices such as smart-phones, tablets, media players, home appliances, virtual interfaces and the need for the product differentiation is expected to drive the growth of global haptic technology market. Also, technology advancements and rising demand for gaming applications will further drive the growth of the market. The use of haptic technology in the medical sector by training doctors in various surgical procedures is also driving the growth of the global Haptics market.
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High power consumption and touch screen complex design regulations of haptic technology enabled devices increases the device maintenance cost, is expected to hinder the growth of the market.
Latest development in Hapics technology includes invisible 3-D haptic shape using ultrasound that can be seen and felt. The air disturbances can be seen as floating 3 D images when complex ultrasound patterns are focused. Companies are working on touch screen devices that features physical buttons that rise up out of the screen when needed. The research field of Walt Disney Company has announced new technology which allows users to feel texture on touchscreens.
On the basis of region, China is the largest market segment of Haptics Technology, with a consumption market share nearly 29.92% in 2016; Asia region has great market potential in the future.
Haptics Technology used in industry including Automotive, Medical, Mobile Terminal (Smartphone/Tablet), Home and Wearable. Report data showed that 36.04% of the Haptics Technology market demand in Mobile Terminal (Smartphone/Tablet) in 2016.
In 2018, the global Haptics Technology market size was 6370 million US$ and it is expected to reach 18800 million US$ by the end of 2025, with a CAGR of 14.5% during 2019-2025.
The key players covered in this study
AAC Technologies
Alps Electric
Nidec Corporation
Cypress Semiconductor
Texas Instruments
Bluecom
On Semiconductor
Microchip
Johnson Electric
Immersion
Jinlong Machinery & Electronics
Precision Microdrives
Novasentis
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Market segment by Type, the product can be split into
Haptics Actuators
Drivers & Controllers
Haptics Software
Market segment by Application, split into
Automotive
Medical
Mobile Terminal (Smartphone/Tablet)
Home
Wearable
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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