About Haptics Technology
Haptic technology deals with touch sensation while interacting with touchscreen devices such as smartphones, tablets, and infotainment systems through a tactile feedback technology. Touch sensations can be in the form of applied forces, motions, or vibrations and can be felt by users through devices.
This stimulation enhances the user experience and can be used to create and control virtual objects. Haptic devices are deployed with tactile sensors that measure the force exerted by a user on the interface. Actuators or motors produce the haptic sensation, which is managed by software incorporated into the device interface through an application programming interface.
Technavio’s analysts forecast the global haptic technology market to grow at a CAGR of 11.64% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global haptic technology market for 2016-2020. To calculate the market size, the report considers the revenue generated from the licensing of haptic technology
The market is divided into the following segments based on application:
Technavio Announces the Publication of its Research Report – Global Haptics Technology Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Haptics Technology Market: Immersion
Other Prominent Vendors in the market are: AAC Technologies, ADI, Alps Electric, Atmel, Bluecom, Cypress Semiconductor, Daesung, Dongwoon Anatech, Fairchild, Hokuriku, Hysonic, Imagis, Jahwa Electronics, Jinlong, Johnson Electric, Konghong, Methode Electronics, Microchip, NEC TOKIN, Nidec Copal, RAONTECH, SEMCO, SMK, Texas Instruments, Visteon, and Yeil Electronics.
Commenting on the report, an analyst from Technavio’s team said: “Haptic technology has huge potential in the smartphone sector mainly because of the rise in smartphones equipped with large touch screen interfaces. The growing market for large-screen smartphones equipped with haptic technology will drive growth in the haptic technology market during the forecast period.”
According to the report, the usage of smartphones and tablets has increased primarily in web-based and media-based applications, resulting in high penetration among individual customers. The demand for an interactive sensory experience by consumers drives the demand for devices with haptics.
Further, the report states that end-users are highly price sensitive, and any upgrade in technology results in incremental changes in price, thereby affecting the market growth of vendors.
Immersion,AAC Technologies, ADI, Alps Electric, Atmel, Bluecom, Cypress Semiconductor, Daesung, Dongwoon Anatech, Fairchild, Hokuriku, Hysonic, Imagis, Jahwa Electronics, Jinlong, Johnson Electric, Konghong, Methode Electronics, Microchip, NEC TOKIN, Nidec Copal, RAONTECH, SEMCO, SMK, Texas Instruments, Visteon, Yeil Electronics.