Haptics Technology Market
PUBLISHED: 2019 ID: SMRC17684
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Haptics Technology Market

Haptics Technology - Global Market Outlook (2017-2026)

4.2 (81 reviews)
4.2 (81 reviews)
Published: 2019 ID: SMRC17684

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Haptics Technology Market is 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 deliver 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 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 customers electronics are manufactured in this region. In addition, several automotive OEMs and medical device manufactures are integrating haptics into their products which would augment the market.

Some of the key players in Haptics Technology market include Texas Instruments, Inc, Johnson Electric Holdings Ltd., Haption S.A., Microchip Technologies, Inc., On Semiconductor Corporation, SMK Corporation, Synaptics Incorporated, Imagis Co., Ltd., Immersion Corporation, Force Dimension, Ultrahaptics, Geomagic, Inc., Senseg Oy and Precision Microdrives Ltd.
  .
 Feedbacks Covered:
• Force Feedback
• Tactile Feedback

Components Covered:
• Software 
• Microcontrollers 
• Actuators
• Drivers & Controllers
• Electronics
• Other Components

Applications Covered:
• Gaming
• Engineering
• Education & Research
• Medical
• Automotive & Transportation
• Aerospace
• Military
• Consumer Electronics
• Commercial
• Industrial
• Defense
• Gaming
• POS & kiosks

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary 
   
2 Preface  
 2.1 Abstract 
 2.2 Stake Holders
 2.3 Research Scope
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
  
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.


List of Tables  
1 Global Haptics Technology Market Outlook, By Region (2016-2026) (US $MN)
2 Global Haptics Technology Market Outlook, By Feedback (2016-2026) (US $MN)
3 Global Haptics Technology Market Outlook, By Tactile Feedback (2016-2026) (US $MN)
4 Global Haptics Technology Market Outlook, By Force Feedback (2016-2026) (US $MN)
5 Global Haptics Technology Market Outlook, By Game pads (2016-2026) (US $MN)
6 Global Haptics Technology Market Outlook, By Steering wheels (2016-2026) (US $MN)
7 Global Haptics Technology Market Outlook, By Joysticks (2016-2026) (US $MN)
8 Global Haptics Technology Market Outlook, By Trackball (2016-2026) (US $MN)
11 Global Haptics Technology Market Outlook, By Gloves (2016-2026) (US $MN)
12 Global Haptics Technology Market Outlook, By Component (2016-2026) (US $MN)
13 Global Haptics Technology Market Outlook, By Software (2016-2026) (US $MN)
14 Global Haptics Technology Market Outlook, By Application Software (2016-2026) (US $MN)
15 Global Haptics Technology Market Outlook, By Control Software (2016-2026) (US $MN)
16 Global Haptics Technology Market Outlook, By Microcontrollers (2016-2026) (US $MN)
17 Global Haptics Technology Market Outlook, By Actuators (2016-2026) (US $MN)
18 Global Haptics Technology Market Outlook, By Piezoelectric Actuator (2016-2026) (US $MN)
19 Global Haptics Technology Market Outlook, By Eccentric Rotating Mass (ERM) (2016-2026) (US $MN)
20 Global Haptics Technology Market Outlook, By Electroactive Polymer Actuators (2016-2026) (US $MN)
21 Global Haptics Technology Market Outlook, By Linear Resonant Actuators (LRAs) (2016-2026) (US $MN)
22 Global Haptics Technology Market Outlook, By Drivers & Controllers (2016-2026) (US $MN)
23 Global Haptics Technology Market Outlook, By Electronics (2016-2026) (US $MN)
27 Global Haptics Technology Market Outlook, By Other Components (2016-2026) (US $MN)
28 Global Haptics Technology Market Outlook, By Application (2016-2026) (US $MN)
29 Global Haptics Technology Market Outlook, By Gaming (2016-2026) (US $MN)
30 Global Haptics Technology Market Outlook, By Engineering (2016-2026) (US $MN)
31 Global Haptics Technology Market Outlook, By Education & Learning (2016-2026) (US $MN)
32 Global Haptics Technology Market Outlook, By Medical (2016-2026) (US $MN)
33 Global Haptics Technology Market Outlook, By Digital stethoscope (2016-2026) (US $MN)
34 Global Haptics Technology Market Outlook, By Pulse Oximetry (2016-2026) (US $MN)
35 Global Haptics Technology Market Outlook, By Infusion pump (2016-2026) (US $MN)
36 Global Haptics Technology Market Outlook, By Other Medicals (2016-2026) (US $MN)
37 Global Haptics Technology Market Outlook, By Automotive & Transportation (2016-2026) (US $MN)
38 Global Haptics Technology Market Outlook, By Body control module (2016-2026) (US $MN)
39 Global Haptics Technology Market Outlook, By Remote keyless entry (2016-2026) (US $MN)
40 Global Haptics Technology Market Outlook, By Aerospace (2016-2026) (US $MN)
41 Global Haptics Technology Market Outlook, By Military (2016-2026) (US $MN)
42 Global Haptics Technology Market Outlook, By Consumer Electronics (2016-2026) (US $MN)
43 Global Haptics Technology Market Outlook, By Refrigerators (2016-2026) (US $MN)
44 Global Haptics Technology Market Outlook, By Wireless keyboards and Mouse (2016-2026) (US $MN)
45 Global Haptics Technology Market Outlook, By Washing Machines (2016-2026) (US $MN)
46 Global Haptics Technology Market Outlook, By Tablets (2016-2026) (US $MN)
47 Global Haptics Technology Market Outlook, By Gaming remotes (2016-2026) (US $MN)
48 Global Haptics Technology Market Outlook, By Wearable (2016-2026) (US $MN)
50 Global Haptics Technology Market Outlook, By Mobile phones (2016-2026) (US $MN)
51 Global Haptics Technology Market Outlook, By Printers (2016-2026) (US $MN)
52 Global Haptics Technology Market Outlook, By Personal Computer (2016-2026) (US $MN)
53 Global Haptics Technology Market Outlook, By Commercial (2016-2026) (US $MN)
54 Global Haptics Technology Market Outlook, By Industrial (2016-2026) (US $MN)
55 Global Haptics Technology Market Outlook, By Defense (2016-2026) (US $MN)
56 Global Haptics Technology Market Outlook, By POS & kiosks (2016-2026) (US $MN)
57 Global Haptics Technology Market Outlook, By Other Applications (2016-2026) (US $MN)
   
Note: North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in above manner.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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