Haptics Technology Market is expected to reach $50.87 billion
Asia Pacific will dominate the Haptics Technology Market during the forecast period. It is expected to reach $27.74 billion at a CAGR of 22.2% by 2023. This is due to the increasing demand for consumer electronics and medical equipment in countries such as China and India. Haptic technology is used for applications such as surgical simulation, medical training, physical rehabilitation, visualization and gaming in Asia Pacific. In connected car solutions, haptics technology is used for car navigation and can provide touch or force feedback as part of the user interface in vehicles, through the use of vibration motors to improve the usability of vehicles. Large presence of system integrators and OEMS also drive the growth of the Asia Pacific market.
Selected Analysis done in the full Report: The consumer application segment generated a revenue of $8.47 billion in 2015. It is expected to generate a revenue of $45.16 billion by 2023 at a CAGR of 19.5%. Haptic devices include physical contact between a user and a computer. This contact is done using the input or output part of the devices that sense the body movements. The users get the sensation of touch from a virtual object while handling a joystick, data glove or body suit. Haptic technology is applicable for video games, smartphones, robotics, and other touch based electronic devices. The integration of haptic technology in games, enhances the gaming experience and increases the entertainment level for the players.
Excerpts on Market Growth Factors Mentioned in the Full Report:
Haptics technology is used in military simulation, especially in army evaluation. Enhanced user experience makes haptics technology integrated products personalized. Haptics technology is applicable in medical imaging. Collaborative research in developing industrial applications drives the growth of the Haptics Technology Market.
About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
The consumer appliance for ABS Resin worth to be $517.8 in the year 2017 which is fast growing sector in ABS market.
The global Occupant Sensing System Market is estimated to surpass $3.2 billion by 2023 growing at CAGR 9.7% during 2018 to 2023 majorly driven by the increasing stringency of traffic regulations to reduce the number of road accidents.
The global Genomics market generated a revenue of $5651.8 million in 2017 and is poised to grow at a CAGR of 7.5% during 2018-2023. Among the different types of products, the sequencers generated a revenue of $1043.5 million and is expected to rise w
Optical imaging is an emergent technology having enormous potential to improve disease prevention, diagnosis and treatment non-invasively using various imaging techniques. The global Optical Imaging Market is $1.39 billion in 2017 and is estimated to
The global virology market is estimated at $1693 million in 2017 and is estimated to grow at a CAGR of 5.4% during the forecast period 2018-2023. North America is the leading market holder driven by world class healthcare substructure with technologi
The global packaged coconut water generated a revenue of $2689.8 million in 2017 and is projected to rise with a CAGR of 24.2% during 2018-2023. Packaged coconut water market is expected to witness significant growth due to its health benefits.
The Global Oilfield Surfactants Market revenue is $835.49 million by 2017 and forecasted to grow at a CAGR of more than 4.65% during 2018 to 2023 to reach $1.08 billion. The surfactants in oilfield act as detergents, corrosion inhibitors, emulsifiers
Oleo Chemicals market size is estimated to surpass $31 billion mark by 2023 growing at an estimated CAGR of more than 4.9% during 2018 to 2023. With the increase in developments in the plantation side and the demand for Oleo Chemicals is also increas
The Global Nurse Call Systems (NCS) market is estimated to surpass $10.875 billion by 2023 growing at an estimated CAGR of more than 6.6% during 2018 to 2023.
The global nutricosmetics ingredients Market is $940.1M in 2017 and is estimated to grow at a CAGR of more than 9.8% during 2018-2023.
The Global Vibration sensors market recorded annual revenue of $2844.6 million in 2017 and is estimated to grow at a CAGR of 5.6% during the forecast period 2018-2023. Vibration sensors are witnessing prolific demand from industry verticals such as a
Americas hold the largest market share in the Hand Sanitizer Market and is anticipated to reach $603.3 million by 2023 at a CAGR of 5.19%. However, Asia-Pacific is projected to witness the highest growth rate and is anticipated to reach $627.2 millio
The cosmetics and personal care industry of Germany includes the sale of skincare products, haircare products, oralcare products, perfumes, and makeup. These products accounted for a revenue of $17.3 billion in 2014. They are expected to generate a r
The demand for machine vision cameras is continuously rising due to increased automation in the manufacturing section. Line scan camera and area scan camera dominate the overall machine vision camera market. Line scan market generated a highest reven
Asia-pacific holds the highest gesture recognition devices market share, and is estimated to grow at a CAGR of 40.6% from $2.411 billion in 2017 to $17.026 billion by 2023. The main reason for the growth of the market in this region is a heavily popu
Dairy Alternatives Market is anticipated to hit $15.72 billion by 2023 at a CAGR of 9.9%
The Global nutritional premixes market generated annual revenue of $1368million and a volume of 35516.6 tons in 2017 and is estimated to grow at a CAGR of 5.7% and 6.3% in terms of value and volume during the forecast period 2018-2023.
Americas region holds the largest market share and growth in the Electric wheelchair Market, and is anticipated to reach $1.75 billion by 2023 at a CAGR of 11.8%. However, Europe witnesses the highest growth during the forecast period, and is expecte
The Global Optical sensors market is growing rapidly across various countries due to the increase in the demand for smart phones and tablets. The market recorded revenue of $25.65billion in 2017 and is estimated to grow at a CAGR of 8.99% throughout
The global water testing and analysis market generated a revenue of $4060.2 million in 2017 and is expected to rise with a CAGR of 6.7% during the forecast period of 2018-2023. Among the different types of tests, the pH test generated the maximum ma