Description
Global Haptic Technology Market Research Report—Forecast till 2026
Market Snapshot
Global Haptic Technology Market is expected to register an incredible market growth of 13.89% CAGR during the assessment period reach USD 21,469.6 Million by 2026.
The global haptic is expected to witness substantial market growth in upcoming years owing to the highest market value of USD 8,995.1 Million in 2019. The global market growth is attributed to the rising adoption of haptics technology into consumer electronics and the growing use of haptics in the medical industry. Additionally, the requirement for haptic technology in holographic display products has created a profitable opportunity for market growth. However, the high investment cost is expected to restrain the growth of the haptic technology market during the review period.
Market Segmentation
The global Haptic Technology Market has been classified into Component, Feedback, Application, and Region. Based on component type, the global market has been divided into actuators, drivers & controllers, software, and others. The actuators segment valued for the largest market share of 41.1% in 2018, with a market value of USD 3,387.6 million; it is anticipated to exhibit a CAGR of 13.6% during the assessment period. However, the drivers & controller segment was the second-largest market in 2018, valued at USD 2,290.6 million; it is projected to register the highest CAGR of 15.8%.
In terms of feedback, the market has been divided into tactile and force feedback. The tactile segment is expected to register a CAGR of 13.5% by 2025 owing to a larger market share of 68.8% in 2018, with a market value of USD 5,665.4 million.
Based on application, the global haptic technology market has been classified into consumer electronics, automation & transportation, education & research, gaming, healthcare, engineering, and others. The consumer electronics segment is anticipated to witness a notable CAGR of 14.2% during the review period.
Regional Analysis
Geographically, the Global Haptic Technology Market has been classified into North America, Europe, Asia-Pacific, Middle East, and Africa, and Central & South America.
Asia-Pacific is expected to exhibit the largest CAGR of 16.1% during the forecast period. The region accounted for the largest market value of USD 3,596.0 Million in 2019 with the highest CAGR of 16.06%.
North America is expected to exhibit a second largest market with a healthy CAGR of 11.1% during the review period owing to the highest market value of USD 2248.3 million in 2018. The regional market growth is attributed to the increasing use of actuators followed by drivers & controllers and software. Additionally, the increasing impacts in augmented and virtual reality, as well as in automobiles, gaming, and medical devices fuelling the growth of the market in the region. Furthermore, the technological advancements in North America have led to the development of the IT industry in the region.
Major Players
The Prominent Players of the Global Haptic Technology Market includes Immersion Corporation (US),Haption S.A. (France), ON Semiconductor Corporation (US), Johnson Electric (Hong Kong), SMK Corporation (Japan), Microchip Technologies Incorporated (US), Synaptics Incorporated (US),Texas Instruments Incorporated (US), Ultrahaptics (Ultraleap) (UK), and Force Dimension (Switzerland) among others.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECASTING TECHNIQUES
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVER
4.2.1 INCREASING ADOPTION OF HAPTICS TECHNOLOGY INTO CONSUMER ELECTRONICS
4.2.2 INCREASING USE OF HAPTICS IN THE MEDICAL INDUSTRY
4.3 RESTRAINTS
4.3.1 HIGH INVESTMENT COST
4.4 OPPORTUNITY
4.4.1 DEMAND FOR HAPTIC TECHNOLOGY IN HOLOGRAPHIC DISPLAY PRODUCTS
4.5 CHALLENGES
4.5.1 HIGH POWER CONSUMPTION AFFECTING PERFORMANCE
4.6 30
4.7 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON THE OPERATIONAL TECHNOLOGY SECURITY MARKET
4.7.1 IMPACT ON OVERALL HAPTIC TECNOLOGY
4.7.2 CASH FLOW CONSTRAINTS OF HAPTIC TECHNOLOGY BASED PRODUCTS
4.7.3 IMPACT ON DEMAND FOR HAPTIC TECHNOLOGY ACROSS END-USERS
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.1.1 TECHNOLOGY PROVIDERS
5.1.2 MANUFACTURERS
5.1.3 SYSTEM INTEGRATORS
5.1.4 END-USERS
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 BARGAINING POWER OF BUYERS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6 GLOBAL HAPTIC TECHNOLOGY MARKET, BY COMPONENT
6.1 OVERVIEW
6.2 ACTUATORS
6.3 DRIVERS & CONTROLLERS
6.4 SOFTWARE
6.5 OTHERS
7 GLOBAL HAPTIC TECHNOLOGY MARKET, BY FEEDBACK
7.1 OVERVIEW
7.2 TACTILE
7.3 FORCE
8 GLOBAL HAPTIC TECHNOLOGY MARKET, BY APPLICATION
8.1 OVERVIEW
8.2 CONSUMER ELECTRONICS
8.3 AUTOMOTIVE & TRANSPORTATION
8.4 EDUCATION & RESEARCH
8.5 GAMING
8.6 HEALTHCARE
8.7 ENGINEERING
8.8 OTHERS
9 GLOBAL HAPTIC TECHNOLOGY MARKET, BY REGION
9.1 MARKET ESTIMATES AND FORECAST, BY REGION, 2018–2026
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 ITALY
9.3.5 SPAIN
9.3.6 REST OF EUROPE
9.4 ASIA-PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 SOUTH KOREA
9.4.4 TAIWAN
9.4.5 INDIA
9.4.6 REST OF ASIA-PACIFIC
9.5 REST OF WORLD
9.5.1 MIDDLE EAST & AFRICA
9.5.2 SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW
10.2 MARKET SHARE ANALYSIS
10.3 COMPETITIVE BENCHMARKING: HAPTIC TECHNOLOGY MARKET
11 COMPANY PROFILES
11.1 IMMERSION CORPORATION
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 TEXAS INSTRUMENTS INCORPORATED
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 ULTRAHAPTICS (ULTRALEAP)
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.3.4 KEY DEVELOPMENTS
11.4 HAPTION S.A.
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.4.4 KEY DEVELOPMENTS
11.5 ON SEMICONDUCTOR CORPORATION
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 JOHNSON ELECTRIC
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 SMK CORPORATION
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 MICROCHIP TECHNOLOGIES INCORPORATED
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGIES
11.9 SYNAPTICS INCORPORATED
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIES
11.1 FORCE DIMENSION
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS/SOLUTION/SERVICES OFFERED
11.10.4 KEY DEVELOPMENTS
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