Haptic Technology Market to Grow at a Robust Pace During 2022-2028
Stratview Research has recently published a report on the Haptic Technology Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Feedback Type (Tactile and Force), by Component Type (Actuators, Drivers & Controllers, and Software), by Application Type (Consumer Electronics, Gaming, Automotive, Healthcare, and Robotics), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Haptic Technology Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Haptic Technology Market was estimated to grow at a healthy CAGR of 12.03% during the forecast period to reach from USD 2.73 billion in 2021 to USD 6.07 billion by 2028.
Some of the companies drive the market growth:
- 3D Systems
- Force Dimension
- Haption S.A.
- Aito B.V.
- Haptx Inc.
- Immersion Corporation
- On Semiconductors
- SENSEG OY
- Texas Instruments Inc.
- Ultrahaptics (Ultraleap).
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Segments Analysis
By Feedback Type
The market is segmented as tactile and force. Tactile is expected to witness a significant growth rate in the market during the assessment period owing to changing consumers leaning towards a simulating experience in smartphone experience.
In addition, tactile feedback offers features such as the personalization of text alerts and other notifications. This is further expected to drive market growth during the assessment period.
Region Analysis
Europe is estimated to be the leading region in the market owing to increasing consumer spending on technologically-progressive consumer electronic devices. The continuously rising consumer expenditure on current infotainment systems, offering simulated touchscreen displays for enhanced safety and driving experience in passenger cars and commercial vehicles is further expected to drive the market growth over the following period.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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