The North America Haptic Technology Market would witness market growth of 12.9% CAGR during the forecast period (2020-2026).
Haptic technology finds its application in several electronic and mechanical products like smartphones, handheld devices such as GPS units, desk phones, toys, barcode readers, automotive dashboards, medical devices, and industrial instruments. Different products use different kinds of haptic effects. By offering security and decreasing distractions, haptics technology helps the users to become more confident. This technology helps the user to get a better mechanical feeling as they feel the virtual buttons on the touch screen.
The growing deployment of haptics in consumer electronic devices is the major driving force behind the market growth. The primary application for haptics technology is in Consumer electronics. The consumer electronics segment procures the maximum revenue of the market. The main factor behind the segment’s growth is the integration of haptics on a wide scale by smartphone manufacturers. Touch screens are regarded as one of the most favored interfaces to be used in mobile devices. These offer advanced device features such as dynamic and contextual user interfaces. There has been a slow shift from conventional uses such as gaming effects and message alerts to more visual and audio feedback that is incorporated into smart devices. Also, haptics has been used in smart wearables like smart-watches to provide enhanced customer experience.
Based on Component, the market is segmented into Hardware and Software. Based on Feedback Type, the market is segmented into Tactile and Force. Based on End User, the market is segmented into Consumer Devices, Education & Research, Automotive & Transportation, Healthcare, Commercial & Industrial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, TDK Corporation, Microchip Technology, Inc., Dialog Semiconductor PLC, ON Semiconductor Corporation, Synaptics, Inc., Immersion Corporation, SMK Corporation, HaptX, Inc., and Ultraleap Limited (Leap Motion, Inc.).
Scope of the Study
Market Segments covered in the Report:
By Feedback Type
By End User
• Consumer Devices
• Education & Research
• Automotive & Transportation
• Commercial & Industrial
• Rest of North America
• Infineon Technologies AG
• TDK Corporation
• Microchip Technology, Inc.
• Dialog Semiconductor PLC
• ON Semiconductor Corporation
• Synaptics, Inc.
• Immersion Corporation
• SMK Corporation
• HaptX, Inc.
• Ultraleap Limited (Leap Motion, Inc.)
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