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Global Haptic technology market Size study, by Component (Hardware, Software), by Feedback Type (Tactile, Force), By Application (Consumer Devices, Automotive & Transportation, Education & Research, Others), and Regional Forecasts 2020-2027

February 2021 | 200 pages | ID: GF904EC97FABEN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Haptic technology market is valued approximately at USD 2.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2020-2027. The Haptics technology is a bridge between connected device and the user that offers force feedback and tactile feedback to the users over the sense of touch by pertaining forces, vibrations, and motion to the users. This technology provides higher touch vibrations whereas using electronic devices, and outcomes in accurate virtual experience. A key factor driving the growth of the global market for haptic technology is the growing demand for consumer electronic devices such as smartphones, tablets, virtual interfaces, media players and home appliances. Also, Haptic feedback finds its applications and functions as a persuasive tool in wearable devices, including wristbands, smartwatches, and fitness trackers, having better battery life, faster controls and user-friendly interfaces. For instance, according to the Statista, In the space of three years, the number of connected wearable devices worldwide has more than doubled, rising from 325 million in 2016 to 722 million in 2019. It is estimated that the number of devices will reach more than one billion by 2022. Additionally, Due to rising demand for haptic technology, players in this market are taking initiatives for their expansion in the market. For instance:
? In September 2020, Immersion signed a multi-year license extension for the continued use of TouchSense applications and haptic technology in its mobile devices with LG Electronics (South Korea). LG is expected to continue the use of Immersion haptic software across its entire range of smartphones.
? In November 2020, Ultraleap signed an agreement to bring Ultraleap's hand tracking and mid-air haptic technology to customers in the UAE with IPlan Ideas Events and its division, IPlan Ideas Technologies (IPI Tech), a subsidiary of the Hawas Group based in the UAE.

However, transition cost of this technology is extremely high, which may not be reasonable to many companies, this may hinder the market growth over the forecast period of 2020-2027.

The regional analysis of the global Haptic technology market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share due to increasing disposable income, which in turn has expanded the acceptance of consumer devices in the region. Whereas Europe is also anticipated to exhibit the highest growth rate/CAGR over the forecast period 2020-2027, owing to increasing consumer expenditure on technologically advanced electronics devices.
Major market player included in this report are:

Texas Instruments
Johnson Electric
AAC Technologies
TDK
Microchip Technology
3D Systems, Inc.
Force Dimension
Immersion Corporation
Maxim Integrated Product
Precision Microdrives Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Hardware
Software
By Feedback Type :
Tactile
Force
By Application:
Consumer Devices
Automotive & Transportation
Education & Research
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027.

Target Audience of the Global Haptic technology market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
  1.2.1. Haptic technology market, by Region, 2018-2027 (USD Billion)
  1.2.2. Haptic technology market, by Component , 2018-2027 (USD Billion)
  1.2.3. Haptic technology market, by Feedback Type , 2018-2027 (USD Billion)
  1.2.4. Haptic technology market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL HAPTIC TECHNOLOGY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL HAPTIC TECHNOLOGY MARKET DYNAMICS

3.1. Haptic technology market Impact Analysis (2018-2027)
  3.1.1. Market Drivers
  3.1.2. Market Challenges
  3.1.3. Market Opportunities

CHAPTER 4. GLOBAL HAPTIC TECHNOLOGY MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL HAPTIC TECHNOLOGY MARKET, BY COMPONENT

5.1. Market Snapshot
5.2. Global Haptic technology market by Component ,by performance- Potential Analysis
5.3. Global Haptic technology market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Haptic technology market, Sub Segment Analysis
  5.4.1. Hardware
  5.4.2. Software

CHAPTER 6. GLOBAL HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE

6.1. Market Snapshot
6.2. Global Haptic technology market by Feedback Type ,by performance- Potential Analysis
6.3. Global Haptic technology market Estimates & Forecasts by Feedback Type 2017-2027 (USD Billion)
6.4. Haptic technology market, Sub Segment Analysis
  6.4.1. Tactile
  6.4.2. Force

CHAPTER 7. GLOBAL HAPTIC TECHNOLOGY MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Haptic technology market by Application ,by performance- Potential Analysis
7.3. Global Haptic technology market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Haptic technology market, Sub Segment Analysis
  7.4.1. Consumer Devices
  7.4.2. Automotive & Transportation
  7.4.3. Education & Research
  7.4.4. Others

CHAPTER 8. GLOBAL HAPTIC TECHNOLOGY MARKET, REGIONAL ANALYSIS

8.1. Haptic technology market, Regional Market Snapshot
8.2. North America Cardiac Marker Testing Market
  8.2.1. U.S. Haptic technology market
    8.2.1.1. Component breakdown estimates & forecasts, 2017-2027
    8.2.1.2. Feedback Type breakdown estimates & forecasts, 2017-2027
    8.2.1.3. Application breakdown estimates & forecasts, 2017-2027
  8.2.2. Canada Haptic technology market
8.3. Europe Haptic technology market Snapshot
  8.3.1. U.K. Cardiac Marker Testing Market
  8.3.2. Germany Haptic technology market
  8.3.3. France Haptic technology market
  8.3.4. Spain Haptic technology market
  8.3.5. Italy Haptic technology market
  8.3.6. Rest of Europe Haptic technology market
8.4. Asia-Pacific Haptic technology market Snapshot
  8.4.1. China Cardiac Marker Testing Market
  8.4.2. India Cardiac Marker Testing Market
  8.4.3. Japan Haptic technology market
  8.4.4. Australia Haptic technology market
  8.4.5. South Korea Haptic technology market
  8.4.6. Rest of Asia Pacific Haptic technology market
8.5. Latin America Haptic technology market Snapshot
  8.5.1. Brazil Haptic technology market
  8.5.2. Mexico Haptic technology market
8.6. Rest of The World Haptic technology market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. Texas Instruments
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Component Summary
    9.2.1.5. Recent Developments
  9.2.2. Johnson Electric
  9.2.3. AAC Technologies
  9.2.4. TDK
  9.2.5. Microchip Technology
  9.2.6. 3D Systems, Inc.
  9.2.7. Force Dimension
  9.2.8. Immersion Corporation
  9.2.9. Maxim Integrated Product
  9.2.10. Precision Microdrives Ltd

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Haptic technology market, report scope
TABLE 2. Global Haptic technology market Estimates & forecasts by region 2017-2027 (USD Billion)
TABLE 3. Global Haptic technology market Estimates & forecasts by Component 2017-2027 (USD Billion)
TABLE 4. Global Haptic technology market Estimates & forecasts by Feedback Type 2017-2027 (USD Billion)
TABLE 5. Global Haptic technology market Estimates & forecasts by Application 2017-2027 (USD Billion)
TABLE 6. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 7. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 8. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 9. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 10. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 11. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 12. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 13. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 14. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 15. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 16. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 17. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 18. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 19. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 20. Global Haptic technology market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 21. Global Haptic technology market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 22. U.S. Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 23. U.S. Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 24. U.S. Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 25. Canada Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 26. Canada Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 27. Canada Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 28. UK Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 29. UK Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 30. UK Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 31. Germany Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 32. Germany Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 33. Germany Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 34. FranceHaptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 35. FranceHaptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 36. FranceHaptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 37. SpainHaptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 38. SpainHaptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 39. SpainHaptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 40. ItalyHaptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 41. ItalyHaptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 42. ItalyHaptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 43. ROE Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 44. ROE Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 45. ROE Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 46. China Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 47. China Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 48. China Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 49. India Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 50. India Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 51. India Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 52. Japan Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 53. Japan Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 54. Japan Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 55. Australia Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 56. Australia Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 57. Australia Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 58. South Korea Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 59. South Korea Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 60. South Korea Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 61. ROPAC Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 62. ROPAC Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 63. ROPAC Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 64. Brazil Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 65. Brazil Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 66. Brazil Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 67. Mexico Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 68. Mexico Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 69. Mexico Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 70. ROLA Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 71. ROLA Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 72. ROLA Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 73. ROW Haptic technology market Estimates & forecasts, 2017-2027 (USD Billion)
TABLE 74. ROW Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 75. ROW Haptic technology market Estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 76. List of secondary Component s used in the study of Global Haptic technology market.
TABLE 77. List of primary Component s used in the study of Global Haptic technology market.
TABLE 78. Years considered for the study.
TABLE 79. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Haptic technology market, research methodology
FIG 2. Global Haptic technology market, market estimation Component s
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Haptic technology market, key trends 2019
FIG 5. Global Haptic technology market, growth prospects 2020-2027
FIG 6. Global Haptic technology market, porters 5 force model
FIG 7. Global Haptic technology market, pest analysis
FIG 8. Global Haptic technology market, value chain analysis
FIG 9. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 10. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 11. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 12. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 13. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 14. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 15. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 16. Global Haptic technology market by segment, 2017 & 2027 (USD Billion)
FIG 17. Global Haptic technology market, regional snapshot 2017 & 2027
FIG 18. North America Cardiac Marker Testing Market2017 & 2027 (USD Billion)
FIG 19. Europe Cardiac Marker Testing Market2017 & 2027 (USD Billion)
FIG 20. Asia-Pacific Cardiac Marker Testing Market2017 & 2027 (USD Billion)
FIG 21. Latin America Cardiac Marker Testing Market2017 & 2027 (USD Billion)
FIG 22. Global Haptic technology market, company market share analysis (2019)


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