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(IT-NEWSWIRE.COM, February 12, 2019 ) 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
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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The major players operating in the market are
1. Cypress Semiconductor Corporation
2. Immersion Corporation
3. Johnson Electric Group
4. Microchip Technology, Inc.
5. ON Semiconductor
6. Precision Microdrives Limited
7. SMK Corporation
8. Senseg Ltd.
9. Texas Instruments Incorporated
10. Ultrahaptics
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.
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.
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The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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