With the slowdown in world economic growth, the Haptics Technology industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Haptics Technology market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Haptics Technology market size will be further expanded, we expect that by 2023, The market size of the Haptics Technology will reach XXX million $.
Haptic technology, also known as kinaesthetic communication or 3D touch, creates an experience of touch by applying forces, vibrations, or motions to the user. It finds application in art, automotive, aviation, medicine and dentistry, mobile devices, neurorehabilitation, personal computers, robotics, tactile electronic displays, teleoperators and simulators, video games, and virtual reality (VR). Haptic technology relies on vibrations and eccentric rotating mass actuators. Piezoelectric actuators are also used to produce vibrations.
Launch of video game consoles with haptic feedback is expected to propel growth of the global haptic technology market over the forecast period. For instance, The Sony PlayStation 5, which is expected to be launched in 2020, offers precise haptic feedback through voice coil actuators. Moreover, increasing adoption of smartphones is also expected to aid in growth of the market. For instance, according to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.
Launch of new wearables is expected to offer lucrative growth opportunities for players in the global haptic technology market. For instance, in September 2019, Samsung launched The Samsung Galaxy Watch Active 2 with an ECG sensor. Moreover, launch of VR headsets is also expected to aid in growth of the market. For instance, in May 2020, HP launched HP Reverb G2, a new VR headset that HP has developed in collaboration with Microsoft and Valve.
Major players in the market are focused on launching new products to expand their product portfolio. For instance, in May 2020, Cirrus Logic Inc. launched Cirrus Logic CS40L25 family of boosted haptic drivers for smartphones, PCs, wearables, gaming, virtual reality, and automotive applications.
Major players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in May 2019, Immersion Corp. signed an agreement with Sony Interactive Entertainment to license Immersion’s advanced haptics patent portfolio.
Key Takeaways
- Launch of video game consoles with haptic feedback to augment growth of the global haptic technology market over the forecast period
- Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in May 2019, Ultrahaptics partnered with Leap Motion to form a spatial interaction company.
- Major players operating in the global haptic technology market include, Immersion Corporation, Texas Instruments, Precision Microdrives Ltd., Johnson Electric, Ultrahaptics, ON Semiconductor, Microchip Technologies, Synaptics Inc., Cirrus Logic Inc., 3D Systems, SMK Corporation, Haption S.A, and Densitron Technologies
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
AAC Technologies
Alps Electric
Nidec Corporation
Cypress Semiconductor
Texas Instruments
Bluecom
On Semiconductor
Microchip
Johnson Electric
Immersion
Jinlong Machinery & Electronics
Precision Microdrives
Novasentis
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Hardware
Software
Industry Segmentation
Automotive
Medical
Mobile Terminal (Smartphone/Tablet)
Home
Wearable
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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