The global haptic technology market size is expected to reach USD 9.05 Billion in 2032 and register a steady revenue CAGR of 12.0% during the forecast period, according to the latest analysis by Emergen Research. Growing use of haptic technology in automobile safety applications can be attributed to revenue growth of the haptic technology market. Drivers tend to perceive haptic feedback more quickly than visual and aural feedback, making it an effective replacement. Unlike dashboard light signals, tactile input is perceptible even in situations with significant cognitive strain, such as traffic jams. Also, it seems to be more efficient than visual or auditory feedback to alert drivers to emergency safety hazards. The hands of the steering wheel, for example, are in regular contact with various sections of the driver’s body, making them prime locations for haptic stimulation while driving. Hence, ‘Haptic automobiles’ could benefit from utilizing haptic feedback to provide drivers with information.
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
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Key companies operating in the Haptic Technology market include:
Texas Instruments Incorporated, Johnson Electric Holdings Limited., AAC Technologies, TDK Corporation, Microchip Technology Inc., Immersion, Semiconductor Components Industries, LLC, Precision Microdrives, Synaptics Incorporated., Ultraleap
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Haptic Technology market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Haptic Technology Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Haptic Technology Market Segmentation:
-
Device Type Outlook (Revenue, USD Billion; 2019–2032)
- Active Haptics
- Passive Haptics
-
Touch Screen Technology Type Outlook (Revenue, USD Billion; 2019–2032)
- Capacitive
- Resistive
- Others
-
Component Outlook (Revenue, USD Billion; 2019–2032)
- Hardware
- Software
Haptic Technology Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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