Market Insight
Haptic interfaces use technology that allows physical interaction with virtual environments (VEs) or teleoperated remote systems with the use of various devices. The study also reveals that market growth will reach a higher valuation in the coming years in support of emerging factors from the semiconductor industry.
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Key players
The well-known players in the market of the haptic interface are listed as Google LLC (US), AAC Technologies Holdings Inc. (China), Haption SA (France), Immersion Corporation (US), Apple Inc. (US), 3D Systems (US), Nuance Communications (US), Ultrahaptics Ltd. (UK), Novasentis Inc. (US), Qualcomm Technologies, Inc (US) and to name a few.
Market Insights
The emerging applications of the haptic interface in computer peripherals such as trackballs, keyboard, mice, and others are gaining significant traction, which is one of the prime factors driving the market to grow substantially, at present. The haptic interface is also used in gloves and exoskeletons that track hand movements, and in gaming joysticks that provide vibration feedback back to the user. Due to this, the product is gaining immense popularity in the emerging semiconductor industry across the world that would help the market to prosper in the coming years.
It is the consumer electronics such as media players, smartphones, home appliances, touch screen laptops, and others that make extensive use the haptic interface, which is another factor fueling the market across the globe at substantial rate. An additional factor that drives the haptic interface market is the mounting demand for gaming applications and ongoing advancements in technology witnessed in the gaming sector. The haptic interface is preferred in various application areas such as automotive, education & training, healthcare, and others, which are also gaining rapid attention, thus thriving the market to expand. In the present, the haptic interface is also being utilized in the healthcare sector broadly to train doctors for several surgical procedures.
On the flip side, factor such as the design associated with haptic interfaces is observed to be complicated, which increases its maintenance cost, and this could hamper the market growth in the forecast period.
Market Segmentation
The global haptic interface market can be segmented by the following elements of technology, operating system platform, and application.
In terms of technology: Tactile feedback and force feedback are the segments.
In terms of operating systems platform: Windows, mobile operating systems, and others are the segments.
In terms of application: Manufacturing industries, military & defense, gaming console, medical and healthcare, consumer electronics, automotive are the segments.
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Regional Outlook
The global market for the haptic interface is likely to expand at a significant where its regional analysis is studied for North America, Europe, Asia-Pacific, and the rest of the world.
Among these, the Asia-Pacific region is anticipated to be the leading region in the global haptic interface market owing to the growing ownership of smartphones and consumer electronics in the region. Similarly, the increasing demand for wearable devices, mainly in countries like China, Japan, Korea, and India is yet another factor that increases the adoption of haptic interface in the region. The incidence of consumer electronics device manufacturers such as LG, Lenovo, Meizu, Panasonic, Samsung, and Sony among others in the region also drives the market as they integrate haptic interface in mobile phones, and gaming controllers (Sony PlayStation series). Furthermore, Asia-Pacific is also likely to be the fastest-growing market during the forecast period as large manufacturing units are active in Japan, China, and India that are adopting the haptic interface technology for ornamenting the workflow.
North America is the second-largest region to have the maximum market share the haptic interface market as there are immense advancements going on in technology along with the presence of key players in this region, who are supporting the growth of the haptic interface market. Substantial increase in R&D activities from the private sector towards the improvement of haptic is another factor driving the market growth.
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