The global haptic technology market exhibited strong growth during 2015-2020. Looking forward, the market is expects to grow at a CAGR of around 10% during 2021-2026.
According to IMARC Group’s latest report, titled “Haptic Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global haptic technology market exhibited strong growth during 2015-2020. Looking forward, the market is expects to grow at a CAGR of around 10% during 2021-2026.
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Haptic technology, or kinesthetic communication, are virtual and mixed reality solutions that provide multi-model experiences through sight, sound, and touch. It employs technology that utilizes physical feedback and pressures sensitivity to operate through different devices, such as actuators, haptic drives, and microcontroller units. The haptic actuators are electronic devices that transform electric signals into vibrations, which can be sensed by the user operating the device. This technology creates and monitors virtual objects, game consoles, surgical equipment, and wearable devices, and enhance the efficiency of remote-controlled machines and telerobots.
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The growing consumer electronics sector, along with the increasing adoption of haptic technology solutions for enhanced scalability of devices, is augmenting the market growth. The extensive utilization of haptics in appliances and virtual interfaces for optimum sound, touch, and visual effects has helped in improving product designs and operational efficiencies. Furthermore, widespread adoption of haptic technology in gaming input devices, such as operating consoles and joysticks, offers various intensities of vibrations and mechanical signals for high-end user experience. Additionally, the growing popularity of 3D-touchscreen displays in automobiles and medical electronics is further bolstering the demand for haptic technology. The integration of haptics with robotics, manufacturing and industrial automation, along with the emergence of advanced tools for visually-impaired individuals, will continue to drive the haptic technology market.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of component, feedback, technology, application and geography.
Breakup by Component:
Breakup by Feedback:
Breakup by Technology:
Breakup by Application:
Key highlights of the report:
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