Haptic Technology: Applications and Global Markets

LONDON, Aug. 27, 2015 /PRNewswire/ -- This BCC Research report presents the forecasts for haptic actuators and drivers for 2015 through 2020 by value, and forecasts for device-embedded haptic actuators and drivers for 2015 through 2020 by volume.

Use this report to:
- Classify the market size of haptic actuators and drivers by haptic actuation technologies in terms of dollars and unit sales.
- Classify the market size of haptic actuators and drivers by geographical regions in terms of dollars and unit sales.
- Receive an overview of the activities of influential companies.
- Identify the roles played by major stakeholders and players.

Highlights
- The global haptic technology actuator market reached $1.6 billion in 2014. This market is expected to grow to nearly $2.7 billion in 2015 and nearly $10.3 billion in 2020, with a CAGR (compound annual growth rate) of 30.7%.
- Mobile computing and portable devices reached $830 million in 2014. This market is expected to grow to nearly $1.4 billion in 2015 and nearly $5.2 billion in 2020, with a CAGR of 30.3%.
- The gaming segment is expected to reach $530 million in 2015 and $1.7 billion in 2020, with a CAGR of 26.6 %.

Introduction & Scope

INTRODUCTION
Haptics derives its name from the Greek word haptesthai, literally meaning ?to touch.? Haptics technologies are associated with the sense of touch, in particular about
providing the very important tactile feedback that lends completeness to a user?s experience. Haptics technologies can be regarded as fallout of increased sophistication in devices. As the ability of devices to amplify user inputs grew, users were largely oblivious to the impact their imports exerted on the devices. Examples of such early realization are in the field of aviation, wherein a pilot had little idea about the extent of enormity of the powers vested in the controls of the cockpits. System designers therefore began to devise mechanisms within the user would have some idea in the form of tactile feedback about the impact of inputs provided to devices. While aviation, robotics and gaming are the early adopters of haptics, the decisive push was imparted when haptics broke into the mobile device segment.

The confluence of haptics technology with mobile devices has multiplied the effect on the market size for haptics technology. It has also triggered enormous interest about
how haptics technologies work, and how they can impact the prospects of devices that they are embedded in. In that sense, this report provides a timely analysis and forecast
of a technology that is at the frontlines of information and communications technology (ICT) innovation.

When all the hype around haptics technologies is removed, the mechanisms governing haptics technologies are quite uncomplicated. After all, haptics is about providing
tactile feedback, which in its most basic form can be conveyed through simple vibrations. However, in their quest to emulate realistic tactile responses, haptic technology designers have embarked upon an ambitious spree of actuator material and technology exploration. Much of these technologies are largely futuristic without any known market testing in place. This report provides forecasts for technologies that are well entrenched as well as for those technologies that are yet to see commercial
launch as of date.

STUDY GOALS AND OBJECTIVES
This study?s goals and objectives include the following activities in regard to haptic actuators and drivers:
- Forecast the market size of haptic actuators in terms of dollars sales.
- Forecast the market size of haptic drivers in terms of dollars sales.
- Forecast the market size of devices enabled with haptic actuators and drivers in terms of shipment sales.
- Classify the market size of haptic actuators and drivers by haptic actuation technologies in terms of dollars and unit sales.
- Classify the market size of haptic actuators and drivers by end-use applications in terms of dollars and unit sales.
- Classify the market sie of haptic actuators and drivers by geographical regions in terms of dollars and unit sales.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/haptic-technology-applications-and-global-markets-300134430.html

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