© 2016 Global Market Insights, Inc. USA. All Rights Reserved Haptic Technology Industry analysis research and trends report for : Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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 non-visual communication and control systems in vehicles by improving the reaction time and providing necessary warnings. The increasing demand for automotive user interface in the U.S. that supports safe driving is creating large development opportunities for the haptic technology market. The ultrasonic mid-air advancement enables three-dimensional vehicle interaction, reducing the need for buttons, knobs, and screens. Regional Analysis of Haptic Technology Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  A major trend impacting the haptic technology market is the implementation of the 3D touchscreen with haptic feedback. For instance, Microsoft has developed devices incorporating these technologies along with 3D screens, which can provide feedback to operators and give them the ability to push 3D objects around in a virtual space. The trend of manufacturing self- service kiosks by implementing these technologies will aid in increasing the usability of touch senses in the kiosks. Advanced electrostatics is used to create movement sensations on kiosk touch screens, eliminating the need for movable components such as servers & scanners and suitable for all screen sizes and types. The implementation of IoT systems with these components is an advanced technical trend in the haptic technology market owing to its use in eccentric rotating mass, linear resonant, and piezoelectric actuators. Apple’s Taptic Engine, which is an IoT system based on the LRA technology provides a localized experience for improving users’ touch on the keyboard.  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. Application Analysis of Haptic Technology Market :

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Market research reports: Key analytical components

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Players operating in the haptic technology market include SMK Electronics, Immersion Corporation, Texas Instruments, Inc., Haption S.A., Force Dimension, and Geomagic, Inc. Companies have adopted strategies such as new product developments or innovations, mergers, acquisitions, collaborations, and partnerships to sustain the increasing competition in the haptic technology market. For instance, in May 2018, Immersion Corporation signed a licensing agreement with Panasonic to add haptics to automotive interfaces application, strengthening its hold in the haptic technology market. Competitive Market Share of Haptic Technology Market:

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