Global haptic technology market for mobile devices expected to grow at a high CAGR of 29% by 2019, says Technavio

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This market study by Technavio segments the global haptic technology market for mobile devices by geography and includes regions like the Americas, EMEA, and APAC. Leading vendors analyzed are Immersion, AAC Technologies, Analog Devices, Alps Electric, Atmel, Bluecom, Cypress Semiconductor, Daesung, Dongwoon Anatech, Fairchild, Hokuriku, Hysonic, Imagis, Jahwa Electronics, Johnson Electric, Konghong, Jinlong, Methode Electronics, Microchip, NEC TOKIN, Nidec Copal, RAONTECH, SEMCO, SMK.

Technavio’s market research analysts estimate the global haptic technology market for mobile devices to incorporate HD haptics in mobile devices, boosting the market’s growth during the forecast period. The APAC dominates the global haptic technology market for mobile devices, accounting for 85% of the total market share. Much of this region’s growth ca be attributed to the booming demand for smartphones and the presence of major mobile device manufacturers.

The new market research report from Technavio provides a breakdown and analysis of the haptic market by technology.

“Of late, the advent of ultra-haptics is one of the interesting trends witnessed in this market. The manufacturers are coming up with the idea of launching floating touch screen formula in the near future. Many research activities are being carried out to design systems that can create floating 3D holographic plasma display with haptic feedback. This technology has huge benefits for the tech-savvy consumers, who can operate on-screen images without touching the physical screen of their mobiles, says Navin Rajendra, Lead Analyst, IT Hardware, Technavio Research.

The Increased demand for interactive sensory experience is a significant factor that is expected to stimulate this market’s growth during the forecast period. To make human-computer interactions more natural, the device manufacturers are now using advanced actuator and sensors. These sensors enhance users’ experience by creating vibrations synchronized with touch actions and, therefore, augment the demand for tactile feedback in mobile devices during the forecast period.

The leading vendors in the global haptic technology market for mobile devices include Immersion, AAC Technologies, Analog Devices, Alps Electric, Atmel, Bluecom, Cypress Semiconductor, Daesung, Dongwoon Anatech, Fairchild, Hokuriku, Hysonic, Imagis, Jahwa Electronics, Johnson Electric, Konghong, Jinlong, Methode Electronics, Microchip, NEC TOKIN, Nidec Copal, RAONTECH, SEMCO, SMK. Immersion currently monopolizes the global market for haptic technology in mobile devices and generates revenue by licensing their patented solutions to mobile device OEMs.

A more detailed analysis is available in the Technavio report, Global Haptic Technology Market for Mobile Devices 2015-2019.

We can customize reports by other regions and specific segments upon request.

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