WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Thursday, March 28, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


Global Haptics Industry (2020 to 2027) - Global Market Trajectory & Analytics
Friday, July 17, 2020

DUBLIN, July 9, 2020 /PRNewswire/ -- The "Haptics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Amid the COVID-19 crisis, the global market for Haptics estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$40.9 Billion by 2027, growing at a CAGR of 17.9% over the period 2020-2027. Tactile Feedback, one of the segments analyzed in the report, is projected to grow at a 19% CAGR to reach US$25.2 Billion by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Force Feedback segment is readjusted to a revised 16.2% CAGR for the next 7-year period. This segment currently accounts for a 42.3% share of the global Haptics market.

The Haptics market in the U. S. is estimated at US$3.8 Billion in the year 2020. The country currently accounts for a 29.64% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$7 Billion in the year 2027 trailing a CAGR of 17.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 15.2% respectively over the 2020-2027 period.

Within Europe, Germany is forecast to grow at approximately 12.9% CAGR while Rest of European market (as defined in the study) will reach US$7 Billion by the year 2027.The publisher brings years of research experience to this 18th edition of our report. The 134-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

    --  AAC Technologies Holdings Inc.
    --  CyberGlove Systems LLC
    --  Entact Robotics Inc.
    --  Ergos-Technologies
    --  Force Dimension
    --  Haption SA
    --  Immersion Corporation
    --  Moog Inc.
    --  MPB Technologies Inc.
    --  Murata Manufacturing Co., Ltd.
    --  Novasentis, Inc.
    --  Novint Technologies Inc.
    --  Quanser Inc.
    --  Reachin Technologies AB
    --  Senseg OY
    --  Tactical Haptics, LLC
    --  Tactus Technology, Inc.
    --  Tanvas

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

    --  A Quick Primer
    --  Recent Market Activity
    --  Haptic Technology Developments - A Brief Review
    --  Market Outlook
    --  Global Competitor Market Shares
    --  Haptics Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
    --  Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

    --  Haptic Technology to Boost Online Shopping Experience
    --  Use of Haptic Technologies in Mobile Advertisements
    --  Emergence of Haptics in AR and VR
    --  Haptics to Transform Mobile Advertising
    --  Haptic Technology for Maritime Applications
    --  Haptics in Healthcare
    --  Haptics in Automobiles
    --  Haptics in the Audio Industry
    --  Haptics Technology Makes inroads into Automotive and Gaming Industries
    --  Haptics Based Ads on the Rise
    --  VR and AR Applications Hold Immense Potential
    --  Haptics Gain at the Expense of Home Button in Smartphones
    --  Proliferation of Mobile Internet Drives the Need for Haptic Feedback in
        Mobile Devices
    --  Opportunity Indicators
    --  Skyrocketing Mobile Video Usage Drives the Business Case for Haptics
    --  Opportunity Indicator
    --  Tactile Computing Revolution Opens a New Window of Opportunity for
        Haptics
    --  Haptics Emerges As a Key Strategy for Product Differentiation
    --  UltraHaptics to Bring In a New Era of Touchless Touch Screens
    --  Demand for HD Haptics Grows in Parallel to the Need to Enhance User
        Experience
    --  Wearable Haptics to Make the First Cut Impact on Healthcare
    --  OEM Adoption of Morphing Touch Screen Technology to Fuel Future Growth
    --  Proliferation of Touchscreens, Touch Surfaces & Their Inherent UI
        Limitations Amplify Interest in Haptics
    --  Adoption of Touch Screens in Public Shared Devices: An Attractive
        Opportunity for Growth
    --  Haptic Technology Boosts Gaming Experience to a New Level
    --  Rise in Mobile Gaming Opens a Lucrative Niche for Haptics in the Gaming
        Industry
    --  Haptic Technology Brings Myriad of Exciting Possibilities
    --  Future Potential
    --  Applications of Haptic Technology
    --  Haptic Technology to Find New Applications in VR Arena
    --  Developments in Robotic Technology Powers Demand for Haptics
    --  Opportunity Indicators
    --  Increasing Activity in Nuclear Power Sector to Power Growth in the
        Haptics Market
    --  Opportunity Indicator
    --  Haptics in the Military & Defense Sector: A Review
    --  Intelligent Automotive Technologies to Spur Demand for Haptics in the
        Automotive End-Use Sector
    --  Robotic Surgery, Medical Prosthetics & Simulated Training Drive Adoption
        of Haptics in the Healthcare Sector
    --  Strong Focus on Industrial Automation Drives Interest in Haptics
    --  Development of New Generation Automated Aircrafts Drives Demand for
        Haptics in Commercial Flight Simulation Equipment
    --  Haptics Set to Revolutionize Molecular Biology & Cellular Research
    --  A Peek into Emerging Application Areas of Haptic Technology
    --  Wearables
    --  Education and Health
    --  Automotive
    --  Other Potential Applications
    --  Operator Feedback
    --  Video Gaming and Medical Simulation
    --  Touchscreen Interfaces
    --  Handheld Devices
    --  Haptic Technology for Creating Mobility Devices for Visually Impaired
        People

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 34

For more information about this report visit https://www.researchandmarkets.com/r/m5rfn5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-haptics-industry-2020-to-2027---global-market-trajectory--analytics-301090855.html

SOURCE Research and Markets



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav WSPN and MathWallet Jointly Launch StableWallet, Pioneering AA Wallet for Web3 | Mar 28, 2024
Nav Stetson University Named a Top Game Design Program in the Nation by Princeton Review for Third Year in a Row | Mar 28, 2024
Nav Global Floating Data Center Market Analysis Report 2024: Market to Reach $732.6 Million by 2033 with Adoption of LNG and Hydrogen Powered Floating Data Centers Gaining Momentum | Mar 28, 2024
Nav Global Hybrid Memory Cube and High-Bandwidth Memory Industry Research Report 2023-2033 Featuring Market Leaders - AMD, Micron, NVIDIA, IBM, HPE, Samsung and Intel Among Others | Mar 28, 2024
Nav AllSaints Music Group to launch spatial audio service offering 360 Reality Audio | Mar 28, 2024
Nav Growing BolderĀ® and OTTA Advisors Launch the World's First Active Lifestyle Streaming Platform for Adults 50+ | Mar 28, 2024
Nav VIAVI Demonstrates Leadership in RAN Intelligence Test and Training at 2024 RIC Forum | Mar 28, 2024
Nav BrightPoint LLC Secures Position on $1.5 Billion Contract Supporting U.S. Department of Commerce's CATTS Program | Mar 28, 2024
Nav FlowFuse and Gallarus Announce Strategic Partnership to Accelerate Industry 4.0 Adoption | Mar 28, 2024
Nav Gogo Testing for Global Broadband Antenna Achieves Major Milestone | Mar 28, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News