Implementation of haptic touchscreen in consumer electronics will raise the haptic touchscreens Market by 2025 with a CAGR of 13.92%.

by Sameer Joshi or 04-Oct-2017

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.

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.

The global haptic touchscreen market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific is expected to account for the largest share of the global haptic touchscreen market in 2016, followed by North America. US and Canada being two key countries in North America region which will lead haptic touch screens market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such Cypress Semiconductor Corporation, 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.

The report segments the global haptic touch screen market as follows:

Global Haptic Touchscreen Market – By Component

Hardware
Software

Global Haptic Touchscreen Market – By Device

Telerobotic Devices
Feedback Devices

Global Haptic Touchscreen Market – By Application

Automotive
Consumer Electronics
Healthcare
Digital Advertisement
Entertainment
Others

Global Haptic Touchscreen Market – By Interaction Type

Tactile Feedback
Force Feedback

Global Haptic Touchscreen Market – By Geography

North America
U.S.
Canada
Mexico

Europe
France
Germany
Italy
Spain
U.K.
Rest of Europe

Asia Pacific (APAC)
Japan
China
India
Australia
Rest of APAC

Middle East & Africa (MEA)
Saudi Arabia
U.A.E.
South Africa
Rest of MEA

South America (SA)
Brazil
Rest of SA