Global Haptic Driver Product Market – Industry Analysis and Forecast (2019-2027)

[akash Arjun pingale]

Global haptic driver product market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~15% during the forecast period.

 

Global Haptic Driver Product Market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

Haptic technology is also known as 3D touch technology. Haptic driver product or technology is used to create a touch experience by applying motions, vibrations, or forces to the user. This driver can also be used to control virtual objects, to create virtual objects in a computer simulation and to improve controlling of devices and machines remotely.

Market Dynamics

A surge in the adoption of haptic drivers in consumer electronics products and growing technological advancements in 3D device and modeling technology are the major driving factors behind the growth of the market. A rising demand for haptic driver products in a variety of safety application of automotive devices, growing use of haptic drivers in visual impaired such as gaming console device and education sector to improve the overall performance of the product and rising demand for low power consumption and high performance based haptic drivers in many end user industries are expected to improve growth of the market during the forecast period.

Nevertheless, technical challenges associated with the haptic driver product design and high initial costs are the major restraining factors that could hamper the growth of the market.

Global Haptic Driver Product Market: Segmentation Analysis

By industry, consumer electronics segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A surge in the adoption of haptic driver products in consumer electronics applications such as Smartphones, touch displays, wearables, video game consoles, portable computing systems, notebook PCs and many others is accredited to the growth of the market. In addition, rising importance of haptic driver products in applications such as robotics, virtual reality, teleoperators and simulators and in virtual art devices are likely to improve growth of the market during the forecast period.

Alternatively, automotive segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising adoption of haptic drivers in modern automotive vehicles such as cars to improve drivers’ safety during manual driving is attributed to the growth of the market. A growing introduction of large touchscreen control panels in vehicle dashboards, rising technological advancements in advanced driver-assistance systems (ADAS) and increasing concerns regarding the accidents prevention using emergency warnings and preventing collisions and speeding are further likely to impel growth of the market in the coming years.

A growing introduction and production of various haptic driver products in the market by leading haptic device manufacturing companies is escalating the market growth. For instance,

• In May 2020, Cirrus Logic announced the development of its advanced product portfolio of sensing and haptic integrated circuits (ICs), with the aim to elevate the user experience for a broad range of consumer devices.
• In Apr 2020, Sony announced its DualSense controller with haptic feedback for future PlayStation 5.

Global Haptic Driver Product Market: Regional Analysis

Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for consumer electronics and semiconductor manufacturing industry across the region.

The massive presence of various leading semiconductor manufacturing companies, rising adoption of consumer products such as Mobile phone, gaming consoles and many others and increasing significance of haptic drivers in applications such as medicine and dentistry, neurorehabilitation, automotive and aviation applications are driving the growth of the market in APAC region.

The objective of the report is to present a comprehensive analysis of the Global Haptic Driver Product Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Haptic Driver Product Market dynamics, structure by analyzing the market segments and projects the Global Haptic Driver Product Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Haptic Driver Product Market make the report investor’s guide.

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Scope of Global Haptic Driver Product Market

Global Haptic Driver Product Market, By Product Type

• Pulse-Width Modulated (PWM)
• LRA
• Analog
• I2C
Global Haptic Driver Product Market, By Industry

• Consumer Electronics
• Automotive
• Transportation
• Gaming
• Healthcare
• Engineering
• Others
Global Haptic Driver Product Market, By Region

• North America
 US
 Canada
• Europe
 UK
 France
 Germany
 Italy
 Spain
 Norway
 Russia
• Asia Pacific
 China
 India
 Japan
 South Korea
 Australia
 Malaysia
 Indonesia
• South America
 Brazil
 Mexico
 Argentina
• Middle East and Africa
Global Haptic Driver Product Market, Key Players

• Texas Instruments
• National Semiconductor
• Fairchild Semiconductor
• Maxim Integrated Products
• Aito
• Arkema
• Immersion Corporation
• Novasentis
• Precision Microdrives
• Redux Labs
• Solvay
• Tactus Technologies
• Dialog Semiconductor
• Shanghai Awinic Technology Co., Ltd
• General Vibration
• Artificial Muscle Inc
• Ultrahaptics Ltd
• NXP Semiconductors
• Force Dimensions
• Johnson Electric
• Cirrus Logic
• Sony
• XX
• XX

 

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