Haptic Technology Market Report 2022-2027, Size, Share, Growth, Trends and Forecast – EIN News

The global haptic technology market to reach US$ 17. 7 Billion by 2027, exhibiting a CAGR of 14. 4% during 2022-2027.

SHERIDAN, WYOMING, UNITED STATES, September 26, 2022 / EINPresswire. com / — According to IMARC Group’s latest report, titled “Haptic Technology Market: Industry Trends, Discuss, Size, Growth, Opportunity and Forecast 2022-2027, ” Offers a comprehensive analysis of the industry, which comprises insights on haptic technology market report .

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The worldwide haptic technologies market reached a value of US$ 8. 1 Billion in 2021. Haptic technology, or kinesthetic communication, represents the particular virtual plus mixed reality solutions that offer multi-model experiences by engaging sound, sight, and touch. It involves techniques that use physical feedback and pressure sensitivity to operate through various devices, such as actuators, drivers, software, and microcontroller units. The haptic actuators are electronic instruments that will convert electric signals in order to vibrations that can be sensed by the user operating the device. As a result, this technology finds widespread applications in creating and controlling game consoles, surgical equipment, virtual objects, and wearable devices to enhance the efficiency of telerobots plus remote-controlled machines.

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Marketplace Trends

The particular expanding consumer electronics sector and the particular escalating demand for these solutions for improved scalability associated with devices are usually among the primary factors driving the haptic technology marketplace. Besides this particular, the elevating requirement for these techniques in gaming applications is further augmenting the market growth. Moreover, the growing popularity of haptics in smartphones, tablets, media players, home appliances, and virtual interfaces for enhanced sound, contact, and visual effects have facilitated improvements in product designs plus operational efficiencies, which will be also catalyzing the global market. Apart from this, the inflating need for these types of solutions within gaming input devices, including operating games consoles and joysticks to provide several intensities of vibrations and mechanical signals, is acting as another significant growth-inducing factor. Additionally , the particular rising usage of 3D-touchscreen displays in automobiles plus medical electronics is also stimulating the market development. Furthermore, the particular increasing utilization of these associated with robotics, manufacturing, and industrial automation, and the development associated with efficient tools and instruments for visually impaired individuals, are expected in order to bolster the haptic technology market within the coming years. Looking forward, IMARC Group expects the marketplace to reach US$ 17. 7 Billion by 2027, exhibiting a CAGR of 14. 4% during 2022-2027.

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List associated with Key Companies Covered in this Market Report:

3d Systems Corporation
Haption
Immersion Corporation
Johnson Electric Holdings Limited
Microchip Technology Inc.
ON Semiconductor Company
Precision Microdrives Ltd.
Senseg Oy (O-film Global HK Trading Limited)
SMK Corporation
Synaptics Incorporated
Tactus Technology Incorporation.
Texas Instruments Integrated
Ultrahaptics

The statement has segmented the market on the basis of component, feedback, technologies, application and geography.

Breakup by Component:

Actuators
Drivers plus Controllers
Software
Others

Separation by Feedback:

Tactile
Force
Breakup simply by Technology:

Captive
Resistive
Others

Breakup by Application:

Automotive and Transportation
Consumer Electronics
Education and Research
Gaming
Healthcare
Engineering
Others

Key highlights from the report:

Marketplace Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Marketplace Drivers plus Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope from the report, we can provide it to a person as a part of the particular customization.

About Us

IMARC Group is usually a leading market research company that offers management strategy and market study worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their own most critical challenges, and transform their businesses.

IMARC’s information products include major marketplace, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, plus high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology plus novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
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