Haptic Technology for Mobile Devices Market 2019-2027

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• Coherent Market Insights
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HAPTIC TECHNOLOGY FOR MOBILE DEVICES MARKET
ANALYSIS

• Haptic Technology for Mobile Devices Market, by
  Type (Actuators, Drivers and Controllers,
  Software, and Others), by Application (Smart
  phones, Tablets, and Others), and by Region
  (North America, Europe, Asia Pacific, Latin
  America, Middle East, and Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2019 - 2027

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Market Overview Haptic technology is also known
as kinaesthetic communication or 3D touch, is a
type of technology that is used to create
experience of touch by applying forces to the
user. The haptic devices are equipped with
tactile sensors, which are used to measure the
force exerted by user on the interface. Haptic
devices are basically in the form of joysticks,
game controllers, and steering wheels. There are
different kinds of components used in the haptic
technology such as actuators, haptic drive and
controllers. Haptic technology is used in many
applications such as consumer electronics,
healthcare, automotive, robotics, gaming
consoles, and others. These factors are expected
to drive the market growth over the forecast
period. The global haptic technology for mobile
devices market is expected to exhibit a CAGR of
18 during the forecast period (2019-2027).
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Market Dynamics- Drivers Increasing adoption of
haptic technology in consumer electronics is
expected to drive growth of the global haptic
technology for mobile devices market during the
forecast period. The increasing demand for
consumer electronics is expected to drive demand
for haptic technology for mobile devices.
Nowadays haptic technology is the common feature
in most of the smartphones and tablets. The
increasing penetration of internet of things
(IoT) in the emerging economies has driven growth
of smartphones, tablets, and other mobile
devices. For instance, according to Coherent
Market Insights, in China, the penetration of
smartphone increased from 676.5 million in 2017
to 782.3 million in 2020. The main factor for
rising demand for haptic technology is attributed
to the rising number of smartphone manufacturers.
Moreover, touch screen have become the most
preferred interfaces for mobile devices.
Furthermore, smart wearables such as smart
watches are using haptic technology, in order to
offer good consumer experience, across the globe
is the factor that is expected to drive growth to
the market.
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Asia Pacific is expected to witness significant
growth over the forecast period. This is
attributed due to growing smart phone penetration
and increasing usage of internet connected
devices. For instance, according to Coherent
Market Insights, in China, the penetration of
smartphone as share of population increased from
66.3 in 2016 to 73.2 in 2022. Apart from Asia
Pacific, North America is expected to account for
the largest market share over the forecast
period, owing to presence of key players in the
region such as Texas Instruments Incorporated and
Precision Microdrives Limited. For instance
according to Coherent Market Insights report,
the number of smart phone users in the U.S.
increased from 209.5 million in 2016 to 273.3
million in 2020.  Among regions, Asia Pacific
region held a dominant position in the global
haptic technology for mobile devices market in
2019, accounting for 29 share in terms of value,
followed by North America and Europe,
respectively.
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SOURCE https//www.coherentmarketinsights.com/
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• Market Opportunities
• Increasing demand for haptic technology in
  textile, automotive, and healthcare industries
  are expected to create lucrative growth
  opportunities for market players.
• The increasing demand for haptic technology in
  the textile industry due to integration of the
  new haptic technology, where people can feel the
  texture of the cloth by using internet. Recently
  a force jacket have was launched using haptic
  technology. This jacket include experiences of
  augmented reality and virtual reality, where a
  person can feel the haptic effects including hug
  and pinch on the body. This technology is used in
  gloves through virtual reality applications. For
  instance, when a person will use these gloves, it
  can monitor how the person is interacting with
  the real objects and how skin is stretching or
  contracting when person lift any object. These
  factors are expected to drive demand for haptic
  technology during the forecast period.

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Moreover, haptic technology is adopted by the
automotive manufacturers to provide more
information to drivers about safety of the cars.
Drivers will be able to feel the road and control
the car systems using haptic sensors.
Furthermore, cars are also getting enhanced to
have understanding of their surrounding and react
as par situation by sharing the information with
driver through vibration. Currently this
technology is utilized in seat and steering
wheel. Steering wheels or seat can vibrate to
inform driver, when lane change is happening
without any indication. Thus, increase of haptic
technology in automotive industry is expected to
drive the market growth over the forecast
period. Moreover, haptic technology finds its
increasing application in healthcare. The trainee
surgeons can perform virtual operation by using
haptic technology. This process of conducting a
virtual operation as a trainee minimizes the risk
of harming a human life. Telepresence surgery is
used in medical industry and haptic technology
allow expert surgeons to operate patients from a
distance and give the appearance of being present
in the surgeries.  Haptic technology provides
doctors with the feel of virtual patients by
using virtual reality application in the medical
field. This is expected to drive demand for
haptic technology over the forecast period
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SOURCE https//www.coherentmarketinsights.com/
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• Competitive Section
• Key companies operating in the haptic technology
  for mobile devices market include Immersion,
  Texas Instruments Incorporated, Precision
  Microdrives Limited, Johnson Electric Holdings
  Limited, AAC Technologies, Analog Devices, Inc.,
  ALPS ALPINE CO., LTD., Microchip Technology Inc.,
  Cypress Semiconductor Corporation, Methode
  Electronics, NIDEC COPAL ELECTRONICS, SMK
  ELECTRONICS CORPORATION U.S.A, Visteon
  Corporation, Semiconductor Components Industries,
  LLC, Synaptics Incorporated, Apple Inc., and
  SAMSUNG.
• Key Developments
• Key companies are focusing on expanding product
  portfolio by product expansion/development
  strategies, in order to gain competitive edge in
  the market. For instance, in August 2017,
  Immersion expanded its agreement with LG
  Electronics Inc. In this agreement, LG
  Electronics provided with license to use
  Immersion TouchSense technologies for
  high-definition haptic in LG Electronics mobile
  devices including LGV 30 smartphone. This
  agreement will help these two companies to
  enhance LG mobile devices with haptic
  technologies.
• Key manufacturers are focusing on product
  launches, in order to enhance their product
  portfolio. For instance, in April 2013, Texas
  Instruments Incorporated launched DRV2605
  eccentric rotating mass actuator (ERM) and linear
  resonant actuator (LRA) haptic driver which add
  realistic tactile feedback effects to consumer
  and industrial products such as smartphones,
  tablets, eBooks, refrigerators, microwave ovens,
  and washing machines.

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  market-insight/haptic-technology-for-mobile-device
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