Haptics Technology Market Insights and Growth by 2031
The sensing haptics technology is measured significant as compared to other sensing technologies that are used for a human interface such as auditions and vision. This technology offers higher-touch sensations while using various electronic devices, and grades in a realistic virtual experience. Conservative touch screens lack in physical feedback. This failure is eradicated by haptic technology as it delivers clearly tactical verification to advance safety by eliminating interruptions. This virtual confirmation plays an essential role in application areas like navigation, automotive, etc.
MARKET DYNAMICS
An increase in demand for consumer electronics like gaming consoles, mobile phones and tablets, automotive sectors, and many more are the major factors driving the growth of the haptics technology market. However, this technology is costly, which may affect the growth of the haptic technology market. The technology with an enhanced user interface, which drives user experience to a whole new level, is expected to boost the growth of the haptics technology market.
MARKET SCOPE
The "Global Haptic Technology Market Analysis to 2031" is a specialized and in-depth study of the Haptic technology market with a special focus on the global market trend analysis. The report aims to provide an overview of Haptic technology market with detailed market segmentation by applications, component. The global Haptic technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Haptic technology market players and offers key trends and opportunities in the Haptic technology market.
MARKET SEGMENTATION
The global Haptic technology market is segmented on the basis of applications, component. On the basis of application, the market is segmented as automotive and transportation, consumer electronics, education and research, gaming, healthcare, engineering, others. On the basis of component, the market is segmented as actuators, drivers and controllers, software, others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Haptic technology market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Haptic technology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Haptic technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Haptic technology market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Haptic technology market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Haptic technology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Haptic technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Haptic technology market in these regions.
MARKET PLAYERS
The reports cover key developments in the Haptic technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Haptic technology market are anticipated to lucrative growth opportunities in the future with the rising demand for Haptic technology market. Below mentioned is the list of few companies engaged in the Haptic technology market.
The report also includes the profiles of key Haptic technology market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Geomagic, Inc.
- Imagis Co., Ltd.
- Johnson Electric Holdings Ltd.
- Microchip Technologies, Inc.
- On Semiconductor Corporation
- Precision Microdrives Ltd.
- SMK Corporation
- Synaptics Incorporated
- Texas Instruments, Inc.
- Ultrahaptics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Haptics Technology Market - By Application
1.3.2 Haptics Technology Market - By Component
1.3.3 Haptics Technology Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HAPTICS TECHNOLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HAPTICS TECHNOLOGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HAPTICS TECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. HAPTICS TECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2. HAPTICS TECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HAPTICS TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. AUTOMOTIVE AND TRANSPORTATION
7.3.1. Overview
7.3.2. Automotive and Transportation Market Forecast and Analysis
7.4. CONSUMER ELECTRONICS
7.4.1. Overview
7.4.2. Consumer Electronics Market Forecast and Analysis
7.5. EDUCATION AND RESEARCH
7.5.1. Overview
7.5.2. Education and Research Market Forecast and Analysis
7.6. GAMING
7.6.1. Overview
7.6.2. Gaming Market Forecast and Analysis
7.7. HEALTHCARE
7.7.1. Overview
7.7.2. Healthcare Market Forecast and Analysis
7.8. ENGINEERING
7.8.1. Overview
7.8.2. Engineering Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. HAPTICS TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. ACTUATORS
8.3.1. Overview
8.3.2. Actuators Market Forecast and Analysis
8.4. DRIVERS AND CONTROLLERS
8.4.1. Overview
8.4.2. Drivers and Controllers Market Forecast and Analysis
8.5. SOFTWARE
8.5.1. Overview
8.5.2. Software Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HAPTICS TECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Haptics Technology Market Overview
9.1.2 North America Haptics Technology Market Forecasts and Analysis
9.1.3 North America Haptics Technology Market Forecasts and Analysis - By Application
9.1.4 North America Haptics Technology Market Forecasts and Analysis - By Component
9.1.5 North America Haptics Technology Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Haptics Technology Market
9.1.5.1.1 Canada Haptics Technology Market by Application
9.1.5.1.2 Canada Haptics Technology Market by Component
9.1.5.2 Mexico Haptics Technology Market
9.1.5.2.1 Mexico Haptics Technology Market by Application
9.1.5.2.2 Mexico Haptics Technology Market by Component
9.1.5.3 US Haptics Technology Market
9.1.5.3.1 US Haptics Technology Market by Application
9.1.5.3.2 US Haptics Technology Market by Component
9.2. EUROPE
9.2.1 Europe Haptics Technology Market Overview
9.2.2 Europe Haptics Technology Market Forecasts and Analysis
9.2.3 Europe Haptics Technology Market Forecasts and Analysis - By Application
9.2.4 Europe Haptics Technology Market Forecasts and Analysis - By Component
9.2.5 Europe Haptics Technology Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Haptics Technology Market
9.2.5.1.1 Germany Haptics Technology Market by Application
9.2.5.1.2 Germany Haptics Technology Market by Component
9.2.5.2 France Haptics Technology Market
9.2.5.2.1 France Haptics Technology Market by Application
9.2.5.2.2 France Haptics Technology Market by Component
9.2.5.3 Italy Haptics Technology Market
9.2.5.3.1 Italy Haptics Technology Market by Application
9.2.5.3.2 Italy Haptics Technology Market by Component
9.2.5.4 United Kingdom Haptics Technology Market
9.2.5.4.1 United Kingdom Haptics Technology Market by Application
9.2.5.4.2 United Kingdom Haptics Technology Market by Component
9.2.5.5 Russia Haptics Technology Market
9.2.5.5.1 Russia Haptics Technology Market by Application
9.2.5.5.2 Russia Haptics Technology Market by Component
9.2.5.6 Rest of Europe Haptics Technology Market
9.2.5.6.1 Rest of Europe Haptics Technology Market by Application
9.2.5.6.2 Rest of Europe Haptics Technology Market by Component
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Haptics Technology Market Overview
9.3.2 Asia-Pacific Haptics Technology Market Forecasts and Analysis
9.3.3 Asia-Pacific Haptics Technology Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Haptics Technology Market Forecasts and Analysis - By Component
9.3.5 Asia-Pacific Haptics Technology Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Haptics Technology Market
9.3.5.1.1 Australia Haptics Technology Market by Application
9.3.5.1.2 Australia Haptics Technology Market by Component
9.3.5.2 China Haptics Technology Market
9.3.5.2.1 China Haptics Technology Market by Application
9.3.5.2.2 China Haptics Technology Market by Component
9.3.5.3 India Haptics Technology Market
9.3.5.3.1 India Haptics Technology Market by Application
9.3.5.3.2 India Haptics Technology Market by Component
9.3.5.4 Japan Haptics Technology Market
9.3.5.4.1 Japan Haptics Technology Market by Application
9.3.5.4.2 Japan Haptics Technology Market by Component
9.3.5.5 South Korea Haptics Technology Market
9.3.5.5.1 South Korea Haptics Technology Market by Application
9.3.5.5.2 South Korea Haptics Technology Market by Component
9.3.5.6 Rest of Asia-Pacific Haptics Technology Market
9.3.5.6.1 Rest of Asia-Pacific Haptics Technology Market by Application
9.3.5.6.2 Rest of Asia-Pacific Haptics Technology Market by Component
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Haptics Technology Market Overview
9.4.2 Middle East and Africa Haptics Technology Market Forecasts and Analysis
9.4.3 Middle East and Africa Haptics Technology Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Haptics Technology Market Forecasts and Analysis - By Component
9.4.5 Middle East and Africa Haptics Technology Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Haptics Technology Market
9.4.5.1.1 South Africa Haptics Technology Market by Application
9.4.5.1.2 South Africa Haptics Technology Market by Component
9.4.5.2 Saudi Arabia Haptics Technology Market
9.4.5.2.1 Saudi Arabia Haptics Technology Market by Application
9.4.5.2.2 Saudi Arabia Haptics Technology Market by Component
9.4.5.3 U.A.E Haptics Technology Market
9.4.5.3.1 U.A.E Haptics Technology Market by Application
9.4.5.3.2 U.A.E Haptics Technology Market by Component
9.4.5.4 Rest of Middle East and Africa Haptics Technology Market
9.4.5.4.1 Rest of Middle East and Africa Haptics Technology Market by Application
9.4.5.4.2 Rest of Middle East and Africa Haptics Technology Market by Component
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Haptics Technology Market Overview
9.5.2 South and Central America Haptics Technology Market Forecasts and Analysis
9.5.3 South and Central America Haptics Technology Market Forecasts and Analysis - By Application
9.5.4 South and Central America Haptics Technology Market Forecasts and Analysis - By Component
9.5.5 South and Central America Haptics Technology Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Haptics Technology Market
9.5.5.1.1 Brazil Haptics Technology Market by Application
9.5.5.1.2 Brazil Haptics Technology Market by Component
9.5.5.2 Argentina Haptics Technology Market
9.5.5.2.1 Argentina Haptics Technology Market by Application
9.5.5.2.2 Argentina Haptics Technology Market by Component
9.5.5.3 Rest of South and Central America Haptics Technology Market
9.5.5.3.1 Rest of South and Central America Haptics Technology Market by Application
9.5.5.3.2 Rest of South and Central America Haptics Technology Market by Component
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HAPTICS TECHNOLOGY MARKET, KEY COMPANY PROFILES
11.1. GEOMAGIC, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. IMAGIS CO., LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JOHNSON ELECTRIC HOLDINGS LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MICROCHIP TECHNOLOGIES, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ON SEMICONDUCTOR CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PRECISION MICRODRIVES LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SMK CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SYNAPTICS INCORPORATED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TEXAS INSTRUMENTS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ULTRAHAPTICS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Geomagic, Inc.
2. Imagis Co., Ltd.
3. Johnson Electric Holdings Ltd.
4. Microchip Technologies, Inc.
5. On Semiconductor Corporation
6. Precision Microdrives Ltd.
7. SMK Corporation
8. Synaptics Incorporated
9. Texas Instruments, Inc.
10. Ultrahaptics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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