Global Haptic Technology Market to Amass Notable Growth Over 2020-2026

August 28, 2020

According to the research report titled ‘Haptic Technology Market Size By Feedback, By Component, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report LLC, global haptic technology market is expected to witness exponential growth during 2020-2026.

Growing scope for haptics in gaming sector and increasing adoption of consumer electronic devices such as smartphones and tablets are the major factors driving the growth of global haptic technology market. Haptic technology, also known as kinaesthetic communication, aims to stimulate the sensation of touch with several mechanisms.

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Haptic technology has applications in automotive industry, especially in controls which directly involve driver or the person in the automobile. Also, it is broadly used in teleoperation. In a telerobotic system, the human operator controls the movements of the robot situated at a distance using haptics.

Moreover, in more advanced type of teleoperation, called as telepresence, the human operator has a sense of being inside the robot environment. Haptics technology, in addition to audio and visual cues, implements touch cues as well.

Based on feedback type, global haptic technology market is segmented into force and tactile. Among these, the force segment contributed 30% to the market share in 2019, mainly due to its rising use in robotics and healthcare industry.

In terms of application scope, the industry is classified into automotive, robotics, healthcare, consumer electronics, gaming, and others. Haptic technology market share from consumer electronics is expected to witness modest expansion over the forecast period, due to growing integration of haptics technology in smartphones and tablets.

With respect to regional overview, Middle East & Africa haptic technology market is likely to witness notable growth through 2026, owing to the rising interest of consumers towards advanced gaming equipment for entertainment purposes.

Key players operating in global haptic technology market are Haption S.A., Aito B.V., Force Dimension, Immersion Corporation, Ultraleap, ON Semiconductor, Haptx Inc., Texas Instruments, 3D Systems Inc., and Senseg Oy.

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