Haptic Touchscreen Market Drivers and Forecasts by 2025

The haptic touchscreen market is expected to grow from US$ 6.34 billion in 2016 to US$ 20.48 billion by 2025 at a CAGR of 13.92% between 2017 and 2025.

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. Also, there are several companies in the market that are investing in development of haptic touchscreen technologies to introduce better and efficient solutions for enhanced user experience.

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Haptic Touchscreen Market: Strategic Insights

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Key trend which will predominantly effect the haptic touchscreen market in coming year includes rising adoption of consumer electronics with additional features for visually impaired. The Haptic technology changed the way human interact with screens of smartphone, tablets, watches, and mouse pads of laptop which can help user bring the sensation of texture, vibration, and motion to those interactions. Besides this, haptic technology also assistances visually impaired people in order to get a better understanding of their surroundings. The needs and wants of customer increase each passing day and a simple share and sync application

Haptic touchscreen market by application is segmented into consumer electronics, healthcare, automotive, Digital Advertisement and Kiosk, entertainment and others. Haptic technology has been implemented in several devices such as for vibrating notification or alerts in smartphones, input confirmation in an industrial scanner, or tension-building in a video game controller. The dominance of consumer electronics is attributed to the increasing integration of haptics into various consumer electronic devices such as tablets, smartphones, and wearable devices. Consumer electronics includes devices such as touch screen smartphones, laptops, tablets and household appliances among others. The increased demand for better and technologically upgraded products due to rising living standard of people across the world along with companies dedicated to offer better user-machine interface to its customers is driving the market for haptic technologies in the consumer electronics market segment. However, in coming years the healthcare segment is anticipated to showcase significant growth rate in the coming years.

The overall Haptic touchscreen market size has been derived using both primary and secondary source. The Haptic touchscreen market research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Haptic touchscreen market.

Haptic Touchscreen Market Regional Insights

The regional trends and factors influencing the Haptic Touchscreen Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Haptic Touchscreen Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Haptic Touchscreen Market Report Scope

Haptic Touchscreen Market Players Density: Understanding Its Impact on Business Dynamics

The Haptic Touchscreen Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Haptic Touchscreen Market are:

1. Cypress Semiconductor Corporation
2. Immersion Corporation
3. Johnson Electric Group
4. Microchip Technology, Inc.
5. ON Semiconductor

Disclaimer: The companies listed above are not ranked in any particular order.

Some of the key players of haptic touchscreen market include

• Cypress Semiconductor Corporation
• Immersion Corporation
• Johnson Electric Group
• Microchip Technology, Inc.
• ON Semiconductor
• Precision Microdrives Limited
• SMK Corporation
• Senseg Ltd.
• Texas Instruments Incorporated
• Ultrahaptics