Market Research Report
North America Haptic Technology Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||551044|
|Published||Content info||89 Pages
Delivery time: 2-3 business days
|North America Haptic Technology Market Forecast 2020-2028|
|Published: March 23, 2020||Content info: 89 Pages||
The North American haptic technology market is anticipated to register a CAGR of 13.60% over the estimated period, 2020-2028. One of the factors propelling the market growth in the region is the increasing adoption of haptic technology in consumer electronics devices.
The market growth in North America is studied based on countries such as the United States and Canada. Canada is one of the largest producers of consumer electronics in the world. The free trade agreements with the United States always keep the production and assembly of consumer electronics in the country active. Growing demand for smartphones and wearable devices is anticipated to drive the demand for haptic technology in the country.
Haptic technology is gaining various solutions for smart devices. Smart wearables are also gaining popularity in the country. The growing economic stability and high living standards have led to higher disposable incomes in the nation. The availability of smart wearables from various brands at affordable prices, that provide health information is one of the major reasons for health-conscious Canadians to switch to smartwatches.
Companies are investing in touch screen technology in the country. For example, A D Metro introduced projected capacities touch screen displays with common controllers that serve a range of PCAP touch sensor sizes and formats. The PCAP touch screen product line with its range of standard sensor sizes can reduce the minimum order quantities and the non-recurring engineering expenses. Besides, Canada is one of the pioneers in robotic-assisted surgeries. In 2010, the world's first all-robotic surgery was performed in Canada. Haptic technology plays a significant role in giving feedback regarding resistance, thereby help the doctor by giving correct navigation.
3D Systems Corporation, ON Semiconductor Corporation, Immersion Corporation, Microchip Technology Incorporated, Johnson Electric Holdings Limited, etc. are some of the well-known companies operating in the market.