Tactile feedback segment in the haptic technology market has witnessed high revenue
and growth prospects in the recent years. This is attributed to the rising implementation
across several consumer electronics devices such as smartphones, tablets, and
laptops. Additionally, increasing usage in various other applications such as
wearables, gaming, healthcare, and automotive products is fueling the demand. Force
feedback segment in the industry is predicted to witness steady growth due to the
ability of the system to receive feedbacks from the various inputs given by the user to
eliminate performance issues. These systems are applied in specialized devices such
as gaming joysticks, virtual reality walls, and medical operation machines. For
instance, in March 2015, Apple Inc. launched a new MacBook incorporating the haptic
force feedback technology that allows the trackpad, touch sense recreation by
vibration simulation.
The education segment is witnessing a rapid growth in the haptic technology market.
The high growth is due to its implementation in conducting performing experiments
such as understanding the the feel of tissues and visualizing the interaction of Nano-
scale materials. These technologies are also used in educating visually-impaired
students by providing study materials in electronic devices with haptic displays. The
haptic technology market has growth opportunities in healthcare machines as doctors
are able to navigate through and view the patient’s 3D brain scan. It is increasingly
implemented in cases of perceptual deficiencies by health professionals and patients
to alert them in performing necessary actions and can be used in both home and
hospital settings.
India, China, and Japan are expected to grow at high rates in the haptic technology
market owing to the presence of a large number of consumer electronics
manufacturers in these countries. A high demand in the Asia Pacific region is attributed
to the increased buying power of customers in purchasing such products. The U.S.
has dominated the haptic technology market due to the early adoption of advanced
technologies and growing research and development practices related to these
technologies. Growing number of automobile manufacturers in the country are
increasing the technology consumption. These are used in vehicles that provide
communication essential information to the driver at times of emergency situations and
accidents. Additionally, this is used in creating