Pune, India — 09/13/2018 — Market Highlights:
Haptic interface technology allows humans to touch what may be considered as untouchable for instance; in laparoscopic surgery, radioactive waste removal, mobile, and robotics. The adoption of haptics is widespread across sectors, such as mobile, automotive, gaming, wearables, and industrial.
Haptic interface incorporated into the touch panels of printers, scanners, and copiers create a more intuitive interface. For instance; haptics applied to a flat-screen touch panel provides the sensation of pushing physical buttons on a printer or feeling the clicks to adjust brightness on a scanner.
haptic interface technology also allows humans to establish a connection with an electronic device such as computers and smartphones by the body sensations and body movements. Therefore, haptic interface is widely adopted across the industries. Its uptake in some of the burgeoning sectors such as automotive and Healthcare is increasing its market size, escalating the market further n the global platform.
Identifying the outstanding growth prospect, the market is demonstrating currently, Market Research Future (MRFR) in its recently published study report states that, the global haptic interface market is forecasted to gain exponential accruals by 2022, registering a staggering CAGR during the review period (2017 – 2022).
Additional factors substantiating the market growth include the proliferation of smartphones, smart electronics devices, and wearables. The market is witnessing substantial investments transpired into R&D activities which in turn, are driving the market growth to an extent.
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Prominent players profiled in MRFR Analysis and are at the forefront of the competition in the market are Google (US), Apple (US), Haption SA (France), Immersion Corporation (US), AAC Technologies (China), 3D Systems (US), Novasentis (US), Nuance Communications (US), Ultrahaptics (UK), and Qualcomm (US)
Haptic Interface Market – Segmentation
The MRFRV analysis is segmented into four key dynamics for enhanced understanding.
By Components: Hardware (Controllers, Sensors, Actuators) and Software.
By Applications: Computer Haptic, Machine Haptic and Human Haptic.
By End-Users : Manufacturing, Education and training, Games, Automotive, and Scientific among others.
By Regions: North America, Europe, APAC and then Rest-of-the-World (RoW).
Haptic Interface Market: Regional Analysis
North America market for the haptic interface, holding the largest share will dominate the global market during the assessment period. This growth is mainly driven by the augmented demand & availability of quality haptic interface devices in the region.
Besides, factors such as the technological advancement and presence of prominent players are substantiating the market growth in this region. Heavy investment transpired in R&D activities by private sector towards the development of haptic is a key driving force acting as a tailwind to the market growth.
The Europe region, emerging as the fastest growing market is expected to witness a fabulous market growth during the review period. The increasing adoption of the haptic interface by increasing the number of businesses is stimulating the market growth in the region.
Whereas, Asia-Pacific market for Haptic Interface is expected to witness a rapid expansion stage attributing to the upsurge markets in some of the APAC countries like India, China & Japan. The wide adoption of these interfaces in some of the burgeoning sectors is the main driving force behind the market growth, which is placing these countries at the leading positions of the market growth in the region.
Haptic Interface Market – Competitive Landscape
The well- established market players gain the competitive advantage in the market maintaining their market position. These Players also invest substantially in the R&D to develop a technology with unique design and features that are on an entirely different level compared to their competition. Players are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets.
They employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to suffice the dynamic needs of the consumers. Manufacturers operating in the haptic interface market are educating themselves on its intricacies and work closely with their media agencies to sustain their market position.
July 25, 2018 – Immersion Corp. (US), a leading developer and licensor of touch feedback technology also known as haptics, announced signing a license agreement with Stanley Electric Co., Ltd. (Japanese), a leading global supplier of lighting products and electronic components, including control panels for printers.
The license agreement reflecting the depth and breadth of Immersion's portfolio, and the rich and dynamic nature of touch, will enhance and revolutionize how users interact with their systems and devices.
July 26, 2018 – A team of scientists at the Indian Institute of Science (IISc – India), published their study of a low-cost simulator for endoscopy they have developed – called EndoMimyk. The simulator endoscopy is a medical procedure to examine the interior of a body by inserting a tube with an attached camera. EndoMimyk will be used to train clinicians with graphics visualization. Such a simulator can help bridge the spatial and temporal gap between the patient and the doctor and is useful in remote medical diagnosis and treatment.
EndoMimyk consisting of a haptic interface is a novel system VR models and instrumented tools. According to the researchers, haptics is a fast-emerging technology that offers immersiveness while interacting with virtual environments.
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