Dublin, Jan. 25, 2019 (GLOBE NEWSWIRE) -- The "Haptics Technology - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

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.

Haptic technology provides an enhanced multi-modal experience to the user by attractive touch, sight and sound. This technology is more and more used in customer's electronics such as tablets and smartphones as it delivers tactile feedback to its users.

The usage of Haptics technology in joysticks, controllers and steering wheels and future video games enhances the user experience by engaging sound, light and touch which allows the users to feel and influence the virtual avatars and tools by incorporating Haptics into a virtual world. It involves physical contact between the computer and the user. By using haptic devices, the user can not only supply information to the computer but can receive information from the computer.

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 customer's electronics are manufactured in this region. In addition, several automotive OEMs and medical device manufacturers are integrating haptics into their products which would augment the market.

What our report offers:

  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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
5.3.1 Game pads
5.3.2 Steering wheels
5.3.3 Joysticks
5.3.4 Trackball
5.3.5 Gloves

6 Global Haptics Technology Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Application Software
6.2.2 Control Software
6.3 Microcontrollers
6.4 Actuators
6.4.1 Piezoelectric Actuator
6.4.2 Eccentric Rotating Mass (ERM)
6.4.3 Electroactive Polymer Actuators
6.4.4 Linear Resonant Actuators (LRAs)
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
7.5.1 Digital stethoscope
7.5.2 Pulse Oximetry
7.5.3 Infusion pump
7.5.4 Other Medicals
7.6 Automotive & Transportation
7.6.1 Body control module
7.6.2 Remote keyless entry
7.7 Aerospace
7.8 Military
7.9 Consumer Electronics
7.9.1 Refrigerators
7.9.2 Wireless keyboards and Mouse
7.9.3 Washing Machines
7.9.4 Tablets
7.9.5 Gaming remotes
7.9.6 Wearable
7.9.7 Mobile phones
7.9.8 Printers
7.9.9 Personal Computer
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
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of 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/fbsqdh/global_haptics?w=12

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Related Topics: Tablet and Mobile Device Hardware