Market Research Report
Asia Pacific Haptic Technology Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||551042|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Asia Pacific Haptic Technology Market Forecast 2020-2028|
|Published: March 23, 2020||Content info: 90 Pages||
The Asia Pacific haptic technology market is projected to record growth at a CAGR of 14.46% during the forecast period, 2020-2028. The presence of growing economies like Japan, China, and South Korea, is one of the prominent drivers of market growth, along with the presence of major haptic components suppliers.
The Asia Pacific haptic technology market growth analysis involves the market analysis of Thailand, Indonesia, India, Japan, China, Australia & New Zealand, South Korea, Vietnam, and the rest of Asia Pacific. Japan is known for its advanced technological products. The rising demand for consumer electronic devices like tablets and smartphones has resulted in a well-established VR market in Japan. The products of the Japanese consumer electronics companies like Panasonic Corporation, Toshiba Corporation, Sony Corporation, etc. have embraced the haptics feedback. With companies like Sony Corporation expanding its gaming portfolio by launching products like the PlayStation controller, the adoption of new touch screen technologies, along with the touch screen controllers market, gets boosted. The brick-and-mortar retailers are adopting touchscreen systems for enhanced customer interaction. The adoption of touch-enabled kiosks is further boosting the market growth. The prominent automotive sector of the country is witnessing increasing demands for convenience, safety, and comfort. The research and development expenditure is also growing in order to develop improved display technologies for meeting the connected car features.
The growing usage of smartphones is set to drive market growth in India. The surging disposable incomes have increased the demand for Smart Televisions. The flourishing automotive sector of the country provides immense growth opportunities for the market. Since touch controllers find major applications in consumer electronics, the thriving consumer electronics market is beneficial for haptic technology market growth.
The leading companies operating in the market are Senseg OY, Precision Microdrives Ltd, SMK Corporation, ON Semiconductor Corporation, Synaptics Incorporated, etc.