The “Haptic Touchscreen Market to 2025 – Global Analysis and Forecasts by Component (Hardware and Software); Device (Telerobotic Device and Feedback Device); Interaction Type (Tactile Feedback and Forced Feedback) and Application (Consumer Electronics, Healthcare, Automotive, Digital Advertisement and Entertainment) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of haptic touchscreen market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant haptic touchscreen players in the market and their key developments.
The Insight Partners : Implementation of haptic touchscreen in consumer electronics will raise the haptic touchscreens Market by 2025 with a CAGR of 13.92%.
The haptic touchscreen market is US$ 6.34 billion in 2016 and is estimated to reach US$ 20.48 billion by 2025. Haptics is more instinctive and reactive, and this has big advantages, particularly when it comes to safety. Initially, when touch-screen was introduced in enabled automotive for in-car interactions. However, it had one of the major drawback as it required visual attention, which is desperately needed to operate the vehicle in a safe manner. Later, with haptic touchscreens, the drivers were allowed to control infotainment and audio systems with hand gestures, enabling them to keep their eyes on the road and lowering cognitive distraction while driving. Rising implementation of haptic touchscreens in automobiles is driving the haptic touchscreens market by 13.92% between 2016 and 2025.
Global Haptic Touchscreen market has been categorized by interaction type majorly into two categories; tactile feedback and force feedback. Tactile Feedbacks use advanced vibration patterns and waveforms to express information to the user. The tactile sense is stimulated by a variety of different methods that include vibration, skin deformation, skin stretch, temperature, friction and electric simulation. Whereas, the Force feedbacks stimulate the ligaments and muscles of a human body to perceive or have a sensation of the virtual environment. The tactile feedback is solely accountable for the ongoing demand of these devices and their applications in gaming & entertainment industry.
Haptic Touchscreen Market to 2025 – Global Analysis and Forecast by Components, Application, Devices and Interaction Type, haptic touchscreens market is expected to grow US$ 20.48 billion by 2025 from US$ 6.34 billion in 2016. Haptic touchscreen technology is witnessing a high growth owing to its increasing applications in several new industries such as medical, ARVR, digital advertising and others. Several companies are investing in the developing of haptic touchscreen technologies to introduce better and efficient solutions for enhanced user experience. Moreover, various companies in the value chain are also collaborating with each other to provide efficient solutions to its customers. Major manufacturers of haptic touchscreen technology are based in APAC region particularly, in countries such as Taiwan, China, Japan and Korea.
Some of the remarkable partnership and collaboration in this industry are collaboration of Immersion Corporation and Perception in order to introduce high-quality tactile effects to content experiences and human-machine interfaces. Moreover, the company Immersion has also continuously updated its license agreements with all its major clients, a majority of which belong to the consumer electronics industry. Apart from this, Ultrahaptics collaborated with HARMAN International Industries. The collaboration was aimed towards incorporation of mid-air gesture haptic feedback technology to the variety of audio systems and infotainment.
Haptic touchscreen market by application is segmented into consumer electronics, healthcare, automotive, Digital Advertisement and Kiosk, entertainment and others. Haptic technology has been implemented in several devices such as for vibrating notification or alerts in smartphones, input confirmation in an industrial scanner, or tension-building in a video game controller. The dominance of consumer electronics is attributed to the increasing integration of haptics into various consumer electronic devices such as tablets, smartphones, and wearable devices. Consumer electronics includes devices such as touch screen smartphones, laptops, tablets and household appliances among others. The increased demand for better and technologically upgraded products due to rising living standard of people across the world along with companies dedicated to offer better user-machine interface to its customers is driving the market for haptic technologies in the consumer electronics market segment. However, in coming years the healthcare segment is anticipated to showcase significant growth rate in the coming years.
Some of the major players influencing haptic touchscreens market are Immersion Corporation, Johnson Electric Group, Cardinal IP Microchip Technology, Inc., ON Semiconductor, Precision Microdrives Limited, SMK Corporation, Senseg Ltd., Texas Instruments Incorporated and Ultrahaptics among others.
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