According to a new
market research report published by Inkwood Research, the Global Haptic
Technology Market is estimated to register a CAGR of 14.44% during the
forecasting years of 2020-2028.
‘’Browse 43
Market Data Tables and 46 Figures spread over 143 Pages, along with an in-depth
TOC on the Global Haptic
Technology Market Forecast 2020-2028.’’
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Haptic technology allows physical
interaction with the virtual environment. It allows the user to sense and
manipulate three-dimensional virtual objects concerning features such as shape,
weight, surface texture, and temperature. A haptic device is used to create
manual contact between the user and the computer. A user can not only feed
information but also receive it in the form of a sensation with the help of a
haptic device from the computer. Haptics enriches the user experience by
engaging the user’s senses. For instance, when a user selects a virtual button
in a shooter game, he or she can sense the embedded haptic technology. The
recent applications of haptic technology are tablets, gaming devices, personal
computers, smartphones, home appliances, and others.
Increasing
Adoption of Haptics in Consumer Electronics Devices Propels Market Growth
The growing use of consumer electronic
devices such as smartphones, tablets, and other wearable devices is one of the
significant factors propelling the market. Nearly, all the smartphones and
tablets are inbuilt with the haptics, and the trend is moving towards
smartwatches and wrist bands. Haptics feedback acts as a powerful tool in
wearable devices owing to their smaller displays, contrary to the larger
displays of smartphones and tablets. These wearables include wrist bands,
fitness trackers, smartwatches, smart jewelry, and connected home products that
are user friendly and have better battery life. Other consumer products that
use haptics include personal navigation devices, digital cameras, printers,
portable media players, and white goods, which are appliances and systems used
at home.
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Tactile Records the Highest CAGR in
the Market by Feedback Type Segment
Tactile sensing includes feelings of texture, pressure,
wetness, softness, thermal properties, friction-induced phenomena such as slip
and adhesion, and also local features of objects such as edges, shape, and
recessed features. The tactile system occupies the central nervous system and
also the peripheral nervous system. There are different kinds of receptors that
enable tactile sensations in skin and internal tissues. Tactile sensing works
on the principle of tactile feedback. It includes devices that are used to
indicate whether the user is in contact with a virtual object. Tactile
technology is mainly used in consumer electronic devices such as smartphones
and tablets that are integrated with a touch screen.
Europe is Anticipated to Record the
Highest CAGR
The presence of one of the large automotive and consumer
electronics industries is one of the several factors driving the European
haptic technology market. The significant markets of haptic technology in
Europe are Germany, France, and the UK. Drivers such as reviving economic
conditions, high per capita income, and improved standard of living of people
have contributed to the growth of the market.
Immersion is the only global vendor providing haptics for
products that incorporate the technology, and is the only vendor that has
successfully partnered with automotive OEMs and component suppliers. This has
further resulted in the restriction of entry of other vendors into the market. Some
of the other leading players besides Immersion Corporation operating in the
market are 3D Systems Corporation, Force Dimension, Densitron Technologies,
Haption S.A., Johnson Electric Holdings Limited, etc.
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