Dublin, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Haptic Technology Market by Component, Feedback, Application, and Region - Global Forecast to 2022" report to their offering.
The key drivers contributing to the growth of the market primarily include increasing adoption of haptics in consumer electronic devices such as smartphones and tablets, growing demand for haptics in gaming consoles, and potential market for haptics in medical and automotive sectors. However, the growth of the market is expected to be limited due to the high cost of force feedback devices and technical challenges related to product design.
The consumer electronics sector accounted for the largest market for haptic technology in 2015, attributed to the increasing integration of haptics into consumer electronic devices such as smartphones, tablets, and other wearable devices. Almost all the smartphones and tablets are inbuilt with haptics and the trend has been shifting to smartwatches and wristbands. In April 2015, Apple Inc. (U.S.) launched its smartwatch with haptic technology, and now Samsung is planning to integrate haptics into its upcoming smartwatch Gear S3.
Asia-Pacific accounted for the largest share of the global haptic technology market in 2015, driven by the presence of several major semiconductor companies and consumer electronics manufacturing companies in the Asia-Pacific region, especially in China, Japan, South Korea, and Taiwan. Most of the consumer electronics are manufactured in this region and these electronic companies are the end users of haptic products where haptics are integrated into the electronic devices. In addition, several automotive OEMs and medical device manufactures are integrating haptics into their products which would increase the market for haptics in Asia-Pacific at a considerable rate.
The report profiles the key players in the haptic technology market with their respective market share analysis.
The prominent players profiled in this report are:
- Force Dimension
- Geomagic, Inc.
- Haption S.A.
- Imagis Co., Ltd.
- Immersion Corporation
- Johnson Electric Holdings Ltd.
- Microchip Technologies, Inc.
- On Semiconductor Corporation
- Precision Microdrives Ltd.
- SMK Corporation
- Senseg Oy
- Synaptics Incorporated
- Texas Instruments, Inc.
- Ultrahaptics
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Haptic Technology Market, By Component
8 Haptic Technology Market, By Feedback
9 Haptic Technology Market, By Application
10 Haptic Technology Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/ngbv33/haptic_technology