Asia Pacific Haptic Technology Market By Component (Hardware and Software), By Feedback Type (Tactile and Force), By End User (Consumer Devices, Education & Research, Automotive & Transportation, Healthcare, Commercial & Industrial and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Haptic Technology Market would witness market growth of 14% CAGR during the forecast period (2020-2026). Haptic technology refers to the technology where the sense of touch is recreated via vibration or other means. Large aircrafts were one of the earliest adopters of haptic technology, where control surfaces were managed through servomechanism systems, a system that offered negative feedback when it detected an error. The servo systems were improved with weights and springs to permit sending vibrations to the controller in the hand of the pilot, whenever threats were sensed by the servo system. Advanced haptic technology uses sensors to assess the amount of force exerted by the user on the user interface and then transmits feedback.
The growing demand for product differentiation to achieve consumer loyalty is a significant driver for the adoption of advanced technologies. The adoption of these modern technologies will help in making human interaction more attractive. The requirement for cutting-edge technology paved the way to adopt haptic technology that would facilitate the interaction between humans and computers. Haptic sensing technology is regarded better in comparison to other sensing technologies that are utilized for the human interface like vision and audio. This technology offers higher-touch sensations, simultaneously utilizing electronic devices, and brings genuine virtual experience. Physical feedback is absent in traditional touch screen; this limitation can be removed by haptic technology as it offers clearly identifiable tactical verification to enhance safety by eradicating distractions. This virtual confirmation assumes a major role in application fields such as automotive, navigations, etc.
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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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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