Technology industry

$17.7 Billion Global Haptic Technology Industry to 2027 – Featuring Johnson Electric Holdings, Microchip Technology and SMK, among others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Haptic Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global haptic technology market reached a value of US$8.1 billion in 2021. Looking ahead, the publisher expects the market to reach US$17.7 billion by 2027 , posting a CAGR of 13.92% in 2021-2027.

Companies cited

  • 3D Systems Society

  • Legend

  • Immersion society

  • Johnson Electric Holdings Limited

  • Microchip Technology Inc.

  • ON Semiconductor Corporation

  • Precision Microdrives Ltd.

  • Senseg Oy (O-film Global HK Trading Limited)

  • SMK Company

  • Synaptics Incorporated

  • Tactus Technology Inc.

  • Texas Instruments Incorporated

  • Ultrahaptics

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.

Haptic technology, or kinesthetic communication, refers to virtual and mixed reality solutions that provide multi-model experiences by engaging sight, sound, and touch. It involves technology that uses physical feedback and pressure sensitivity to operate through various devices, such as actuators, haptic readers, and microcontroller units.

Haptic actuators are electronic devices that convert electrical signals into vibrations that can be detected by the user using the device. This technology is commonly used to create and control virtual objects, game consoles, surgical equipment and portable devices, and to improve the efficiency of remote-controlled machines and telerobots.

Significant growth in the consumer electronics sector, along with increasing adoption of haptic technology solutions for better device scalability, are among the key factors creating a positive impact on the market. The widespread adoption of haptics in smart phones, tablets, media players, home appliances and virtual interfaces for enhanced sound, touch and visual effects has facilitated improved product design and experience. operational efficiency.

Additionally, the increasing use of haptic technology in gaming applications is also driving the growth of the market. Gaming input devices, such as operating consoles and gamepads, use technology to deliver varying intensities of vibrations and mechanical signals, providing an immersive user experience.

Additionally, the increasing use of 3D touchscreens in automobiles and medical electronics is contributing to the growth of the market. Other factors, including the proliferation of haptics in robotics, manufacturing, and industrial automation, as well as the development of effective tools and devices for the visually impaired, are expected to further drive the market.

Answers to key questions in this report:

  • How has the global haptic technology market behaved so far and how will it behave in the coming years?

  • What has been the impact of COVID-19 on the global haptic technology market?

  • What are the main regional markets?

  • What is the market breakdown by component?

  • What is the breakdown of the market based on feedback?

  • What is the shattering of the technology-based market?

  • What is the market breakdown by application?

  • What are the different stages of the industry value chain?

  • What are the industry drivers and key challenges?

  • What is the structure of the global haptic technologies market and who are the major players?

  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global Haptics Technology Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Component

7 Market Breakdown by Feedback

8 Market Breakdown by Technology

9 Market Breakdown by Application

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive landscape

15.1 Market structure

15.2 Key Players

15.3 Profiles of Key Players

For more information on this report, visit https://www.researchandmarkets.com/r/mmrkjj