Tuesday, 25 December 2018

Haptic Technology Market 2025 Development Trend by Challenges, Risk and Growth Factors


26 December 2018 – The Global Haptic Technology Market is expected to display enormous growth in the forthcoming years. Haptics is an essential means of communication which performs task through the intellect of touch. It works as an interface linking the haptics enabled equipment and the user. This tool is not novel to the market as scientists have industrialized it and utilized haptics enabled equipment’s for many functions; for instance, a robotic tele-operating haptics equipment was utilized in the nuclear atmosphere in 1954. 


Haptics technology especially force feedback technology was industrial used later and utilized in various equipment’s such as in electro force feedback gloves, -mechanical arm in molecular docking, and many more. Tactile feedback equipments were being industrialized in 1990. Constant R&D activities are being taking place in this sector, ensuing in innovation and technological advancements. This tool is now being utilized in many applications such as consumer devices, smart phones, gaming consoles, industrial devices, tablets, automotive touch screen dashboards, smart watches, medical & healthcare devices and instruments, and in military and aerospace applications.


Video game manufacturer are using the haptics technology in controllers, joysticks, and steering wheels coupled with future video games may permit the players to manipulate and feel tools and virtual avatars by inculcating haptics into practical environments. There has been noteworthy progress in the utilization of haptics technology in the therapeutic sector for teaching doctors in surgical methods. The major challenges linked with haptics technology comprise cost, complexity, and debugging issues. However, another restrain for the haptics technology perceives to be software compatibility. Future shift for haptics technology comprises a broad spectrum of client interaction through technology. Presently, the majority of companies are targeting on conducting research & development activities pertaining to potential of tactile feedback communication with holograms, which may upshot in advancements in functionality such as movies, medical, automotive, gaming and other industries. Growing demand of product discrimination to gain customer loyalty is expected to be the major driving force to adapt technologically advanced technologies over the forecast period.
On the basis of technologies, the haptic technology market can be segregated into resistive technologies, captive technologies and others. Captive technologies section is expected to capture maximum revenue over the forecast period. On the basis of end user industries, the haptic technology market can be segmented into automotive, industrial, consumer electronics, medical & health care industry and others. Consumer electronic section is expected to generate maximum profit over the forecast period. Industrial section is expected to grow rapidly over the forecast period. On the basis of geographical regions, the haptic technology market can be segregated into Asia Pacific, North America, Europe and Rest of the World. North America is expected to capture maximum revenue owing to increasing technological advancements. Asia pacific is expected to grow rapidly over the forecast period.Some of the key players in the haptic technology market are Johnson Electric Group, Johnson Electric Group, Precision Microdrives Ltd, Texas Instruments, 3D systems Corp, AAC Technologies Holdings, Tactus Technology Inc. and Densitron Technologies.


Market Segment:
Market segment by Type, the product can be split into
• Drivers and Controllers
• Actuators
• Software
• Other

Market segment by Application, Haptic Technology can be split into
Consumer Electronics
• Gaming
• Healthcare
• Education & Research
• Automotive & Transportation
• Other

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