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Haptic Technology Market Share

  • Report ID: GMI2711
  • Published Date: May 2020
  • Report Format: PDF
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Haptic Technology Market Share

Key companies operating in the market include:

  • Texas Instruments, Inc
  • Immersion Corporation
  • Force Dimension
  • Haption S.A
  • On Semiconductor
  • 3D Systems, Inc
     

Industry players are adopting several strategies including partnerships and expansion of business operations to establish their position in the competitive market. For instance, in August 2019, Immersion Corporation announced its partnership with China-based Awinic Technology to make its haptic patents and technologies available to smartphone and smart wearable manufacturers. According to the agreement, Awinic’s driver ICs will be integrated with Immersion’s haptic technology to be implemented in mobile phones and other smart wearable devices.  

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of haptic technology exceeded USD 7 billion in 2019.

The industry share of haptic technology is poised to grow at a CAGR of over 7% between 2020 and 2026.

The Europe market revenue is predicted to reach USD 3 billion by 2026 impelled by rising consumer spending on technologically advanced consumer electronics devices.

According to the analysts at GMI, the tactile feedback segment held around 70% of the market share in 2019.

Key companies operating in the industry include Texas Instruments, Inc., Immersion Corporation, Force Dimension, Haption S.A., On Semiconductor, and 3D Systems, Inc.

Haptic technology integrated with gaming consoles and mobile gaming interfaces provides players with an enhanced real-life experience. Haptic enabled gaming controllers provide a sense of tangibility to several events in a video game, such as a crash or an explosion.

Haptic Technology Market Scope

  • Haptic Technology Market Size
  • Haptic Technology Market Analysis
  • Haptic Technology Market Share

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    Premium Report Details

    • Base Year: 2019
    • Companies covered: 10
    • Tables & Figures: 153
    • Countries covered: 13
    • Pages: 120
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