The global haptic technology market size is expected to reach USD 9.05 Billion in 2032 and register a steady revenue CAGR of 12.0% during the forecast period, according to the latest analysis by Emergen Research. Growing use of haptic technology in automobile safety applications can be attributed to revenue growth of the haptic technology market. Drivers tend to perceive haptic feedback more quickly than visual and aural feedback, making it an effective replacement. Unlike dashboard light signals, tactile input is perceptible even in situations with significant cognitive strain, such as traffic jams. Also, it seems to be more efficient than visual or auditory feedback to alert drivers to emergency safety hazards. The hands of the steering wheel, for example, are in regular contact with various sections of the driver's body, making them prime locations for haptic stimulation while driving. Hence, ‘Haptic automobiles’ could benefit from utilizing haptic feedback to provide drivers with information.
The current COVID-19 pandemic is expected to have an effect on the growth of the Haptic Technology industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Haptic Technology sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Haptic Technology industry.
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Key companies profiled in the report include:
Texas Instruments Incorporated, Johnson Electric Holdings Limited., AAC Technologies, TDK Corporation, Microchip Technology Inc., Immersion, Semiconductor Components Industries, LLC, Precision Microdrives, Synaptics Incorporated., Ultraleap
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Haptic Technology market?
What are the key product types and applications of the Haptic Technology industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Haptic Technology market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Haptic Technology Market by 2027?
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Market Segmentation
Device Type Outlook (Revenue, USD Billion; 2019–2032)
- Active Haptics
- Passive Haptics
Touch Screen Technology Type Outlook (Revenue, USD Billion; 2019–2032)
- Capacitive
- Resistive
- Others
Component Outlook (Revenue, USD Billion; 2019–2032)
- Hardware
- Software
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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