Global Haptic Technology Market Forecast 2020 - 2026


Posted May 24, 2021 by sonikashukla98

The Global Haptic Technology Market size is expected to reach $4.5 billion by 2026, rising at a market growth of 13.6% CAGR during the forecast period.
 
Bharat Book Bureau Provides the Trending Market Research Report on Global Haptic Technology Market 2021 by Company, Regions, Type and Application, Forecast to 2020 - 2026 "under Media and Technology Market Research Reports section. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The Global Haptic Technology Market size is expected to reach $4.5 billion by 2026, rising at a market growth of 13.6% CAGR during the forecast period. The Haptic technology refers to an interface between the user and the connected device. It offers two types of haptic feedback viz. tactile feedback and force feedback to the users with a sense of touch by applying forces, vibrations, and motion of the users. The Haptic technology finds potential application in joysticks, controllers and steering wheels, and future video games. Moreover, this technology improves the experience of users by engaging sound, light, and touch which permit the users to feel and control the virtual avatars and devices by integrating Haptics into a virtual world. Haptic sense is considered as more direct in comparison to other senses utilized in user computer interaction such as audio and vision.

The haptic technology market is anticipated to boost by a surge in the demand for consumer electronic devices like smart-phones, tablets, media players, home appliances, virtual interfaces, and the requirement for product differentiation. Also, the technological developments and increasing demand for gaming applications will further boost the growth of the market. The utilization of haptic technology in the medical industry by imparting training to doctors in several surgical procedures is also fueling the growth of the global haptics technology market.

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Scope of the Study

Market Segments covered in the Report:

By Component

Hardware
Software
By Feedback Type
Tactile
Force

By End User

Consumer Devices
Education & Research
Automotive & Transportation
Healthcare
Commercial & Industrial
Others
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
• LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

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Last Updated May 24, 2021