Haptics Technology - Global Market Outlook (2017-2026): Expected to Grow at a CAGR of 18.1% - ResearchAndMarkets.com

The "Haptics Technology - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to this report, the Global Haptics Technology market accounted for $9.50 billion in 2017 and is expected to reach $42.36 billion by 2026 growing at a CAGR of 18.1% during the forecast period.

Some of the key drivers of the market include rising demand for haptics in gaming consoles and growing implementation of haptics in consumer electronic devices are fuelling the market growth. In addition, the use of haptics technology in the medical sector by doctors for training purpose in various surgical procedures is the major driving factor for market growth.

However, high power consumption and high cost are inhibiting the market growth. Developing haptic and touch technology to improve the efficiency of medical simulations for invasive procedure represents a good opportunity for manufacturers.

By Feedback, Tactile feedback segment accounted for the largest market share in the global market due to its applications in customer electronic devices such as smartphones and tablets. Nearly all the smartphones and tablets are inbuilt with tactile feedback and the trend has been changing to wearable devices such as smartwatches and wristbands. In addition, it is driven by the rising demand in numerous applications such as gaming, automotive, and healthcare.

By Geography, Asia Pacific commanded the largest market share due to most of the customers electronics are manufactured in this region. In addition, several automotive OEMs and medical device manufactures are integrating haptics into their products which would augment the market.

Key Topics Covered

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.5 Research Sources

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Futuristic Market Scenario

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Haptics Technology Market, By Feedback

5.1 Introduction

5.2 Tactile Feedback

5.3 Force Feedback

6 Global Haptics Technology Market, By Component

6.1 Introduction

6.2 Software

6.3 Microcontrollers

6.4 Actuators

6.5 Drivers & Controllers

6.6 Electronics

6.7 Other Components

7 Global Haptics Technology Market, By Application

7.1 Introduction

7.2 Gaming

7.3 Engineering

7.4 Education & Learning

7.5 Medical

7.6 Automotive & Transportation

7.7 Aerospace

7.8 Military

7.9 Consumer Electronics

7.10 Commercial

7.11 Industrial

7.12 Defense

7.13 POS & kiosks

7.14 Other Applications

8 Global Haptics Technology Market, By Geography

8.1 Introduction

8.2 North America

8.3 Europe

8.4 Asia Pacific

8.5 South America

8.6 Middle East & Africa

9 Key Developments

9.1 Agreements, Partnerships, Collaborations and Joint Ventures

9.2 Acquisitions & Mergers

9.3 New Product Launch

9.4 Expansions

9.5 Other Key Strategies

10 Company Profiling

10.1 Texas Instruments, Inc.

10.2 Johnson Electric Holdings Ltd.

10.3 Haption S.A.

10.4 Microchip Technologies, Inc.

10.5 On Semiconductor Corporation

10.6 SMK Corporation

10.7 Synaptics Incorporated

10.8 Imagis Co., Ltd.

10.9 Immersion Corporation

10.10 Force Dimension

10.11 Ultrahaptics

10.12 Geomagic, Inc.

10.13 Senseg Oy

10.14 Precision Microdrives Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/p9z5pk/haptics?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181121005223/en/