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Haptic Interface Market Size 2021 Analysis and Industry Expansion Strategies 2027

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Summary

A New Market Study, titled “Haptic Interface Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the haptic interface market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation of USD 18 billion by 2023, and a healthy 16% CAGR over the review period.

Drivers and Restraints

The global market for haptic interfaces is driven by the rising demand for gaming applications and technological advancements in the gaming industry. However, the architecture associated with haptic interfaces is complex, which raises the cost of maintaining it restrains the global market growth. In the healthcare field, haptic technology is currently employed to prepare doctors for different surgical procedures. The future market for the haptic interface in holographic display products and its efficient use with tremendous growth opportunities in educational display technology available. The growing importance of haptic and increased virtual reality (AR & VR), as well as in sports, cars, and medical devices, contribute to the growth of the industry. Increasing investment in private-sector research and development activities for the implementation of advanced haptic and operating systems is expected to accelerate this region’s growth in the near future.

Segmental Analysis

By technology, the market is sub-segmented into tactile feedback and force feedback. Based on the technology, the tactile feedback segment led the global haptic interface market in 2019, owing to the use of tactile, haptic feedback technology in mobile devices, such as smartphones and tablets. Smartphones and tablets are built-in with tactile feedback, and wearable devices such as wristbands and smartwatches have become the subject of the trend. Nonetheless, due to an improvement in the gaming experience among consumers, the force feedback segment is expected to see a higher growth rate over the forecast period.

By operating systems platform, the market is sub-segmented into Windows, mobile operating systems and others

By application, the market is sub-segmented into manufacturing industries, military & defense, gaming console, medical and healthcare, consumer electronics, automotive, and others.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

Due to increasing smartphone ownership and consumer electronics in the world, Asia-Pacific is expected to be the dominant area on the global haptic interface market. Likewise, increasing demand for wearable devices in countries like China, Japan, Korea, and India is one of the factors that increase the region’s acceptance of the haptic interface. Also, driving the market is the presence in the area of consumer electronics product manufacturers such as LG, Lenovo, Meizu, Panasonic, Samsung, and Sony, among others, as they integrate haptic interface in various devices such as mobile phones and gaming controllers (Sony PlayStation series). However, during the forecast period, Asia-Pacific is also projected to be the fastest rising region. Large manufacturing units in Japan, China, and India are now implementing the haptic interface technology to enhance the workflow.

North America is the second-largest region of the haptic interface industry in terms of market share. Advances in technology and the involvement of key players in this area help the growth of the market for haptic interfaces. Another factor driving market growth is a significant interest in private sector R&D towards the development of haptic.

Competitive Analysis

The major market players operating in the global market, as identified by MRFR, are Apple Inc. (US), Google LLC (US), Haption SA (France), AAC Technologies Holdings Inc. (China), Immersion Corporation (US), 3D Systems (US), Nuance Communications (US), Novasentis Inc. (US), Ultrahaptics Ltd. (UK), Qualcomm Technologies, Inc (US) among others.

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TABLE OF CONTENTS

1 Executive Summary
2 Scope Of The Report

2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

  1. Company Profiles
    11.1 Immersion Corporation

    11.1.1 Company Overview
    11.1.2 Product/Business Segment Overview
    11.1.3 Financial Updates
    11.1.4 Key Developments
    11.2 Apple Inc.
    11.2.1 Company Overview
    11.2.2 Product/Business Segment Overview
    11.2.3 Financial Updates
    11.2.4 Key Developments
    11.3 3D Systems
    11.3.1 Company Overview
    11.3.2 Product/Business Segment Overview
    11.3.3 Financial Updates
    11.3.4 Key Developments
    11.4 Ultrahaptics Ltd.
    11.4.1 Company Overview
    11.4.2 Product/Business Segment Overview
    11.4.3 Financial Updates
    11.4.4 Key Developments
    11.5 Nuance Communications
    11.5.1 Company Overview
    11.5.2 Product/Business Segment Overview
    11.5.3 Financial Updates
    11.5.4 Key Developments
    11.6 Novasentis Inc.
    11.7 AAC Technologies Holdings Inc.
    11.8 Haption SA
    11.9 Google LLC
    11.10 Qualcomm Technologies, Inc

Complete Report Details @ https://www.marketresearchfuture.com/reports/haptic-interface-market-1542

About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

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posted Jul 27 by anonymous

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Market Research Future published a research report on “Machine Control System Market Research Report- Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2027. Market Highlights According to Market Research Future, Machine Control System market is estimated to generate USD 8 billion market revenue by 2023 growing with 14% CAGR during forecast period 2017 to 2023. Considering the present global machine control systems market scenario, the target market is estimated to have a moderate threat of new entrants, owing to the higher capital-intensive nature of the industry. The demand for machine control systems is expected to increase in constructions, infrastructure planning, mining and marine. This is expected to lead to insufficiency in supply of components soon as the technology is constantly upgrading. It is expected that new players enter the Machine Control Systems Market owing to the growing demand from the end-users. Key Players Market Research Future (MRFR) identifies the following companies as the key players in the machine control system market – ABB Group, Leica Geosystems, Topcon Corporation, Trimble Inc., RIB Software AG, Andritz, Belden Inc., Schneider Electric, and Mitsui Co. among others. Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2384 Segmentation The machine control system market is segmented into type, equipment, and end user. Based on the type, the machine control system market is sub-segmented into total stations, global navigation satellite system, laser scanners, and GIS controllers. The equipment segment is sub divided into excavators, dozers, loaders, scrapers, and graders. Moreover, by end-users the market is sub-categorized into construction, mining, agriculture, and marine. Regional analysis Geographically, the Machine Control System market in four different regions namely, North America, Europe, Asia Pacific, and Rest of the World. The North American market is further divided into the U.S., Canada, and Mexico while the European market is segmented into Germany, the U.K., France, Spain, Russia, and Rest of the Europe. The Asia Pacific market is sub-divided into China, India, Japan, South Korea, Taiwan, Singapore, Australia, New Zealand, Indonesia, Kazakhstan, and Rest of Asia Pacific. The machine control system manufacturers comprise mostly the electronic component manufacturers along with software developers. The software developers typically design and develop the software for control system based on the type of machinery it is to be applied. These software developers generally contract with the system assemblers for the procurement of electronic components as any severe increase in the component price could impact margins for software developers adversely. The software developers also must be aligned with the type of component used. Manufactures from China contribute highly to the Asia Pacific production. Apart from China, other prominent countries involved in the production are the U.S., Canada, the U.K, Germany, India, Japan, and South Korea. In terms of revenue, North America accounted for the largest market share of 40% in 2017, with a market value of USD 1 billion and is projected to grow at CAGR of 12% during the forecast period followed by Europe. Asia Pacific is projected to grow with the fastest growing CAGR during forecast period. Get Complete Report @ https://www.marketresearchfuture.com/reports/machine-control-system-market-2384 Table Of Contents: Global Machine Control System Market Executive Summary Scope Of The Report Research Methodology Machine Control System Market Landscape Pipeline Analysis Five Forces Analysis Machine Control System Market Segmentation Customer Landscape Regional Landscape Decision Framework Drivers And Challenges Machine Control System Market Trends Vendor Landscape Vendor Analysis Appendix Get More Updates: https://www.linkedin.com/showcase/ict-mrfr/ About Us: Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects. Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions. Media Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: [email protected]
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Summary

A New Market Study, titled “Driver Assistance System Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.

The enhancement of vehicles is expected to gain importance as consumers become more aware of technological innovations, thus spurring the advanced driver assistance system market 2020. The automobile industry reports are produced by Market Research Future, which highlights market options for expansion.  A CAGR of 13.6% is estimated to provide the necessary traction for market growth in the coming years.

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The accessibility to novel and enhanced technologies concerning safety features in automobiles is likely to induce the advanced driver assistance system market. The growing population base globally, combined with the technical breakthroughs observed in the automotive sector, is estimated to lead the charge in transforming the advanced driver assistance system market.

Segmental Analysis

The segmental study of the Driver Assistance System Market has been conducted on the basis of vehicle type, technology, sensor type, and region. On the basis of technology, the advanced driver assistance system market has been segmented into drowsiness monitor, adaptive front-lighting system, adaptive cruise control, intelligent park assist, blind-spot detection, pedestrian protection, a head-up display, and others. Based on the vehicle type, the advanced driver assistance system market has been bifurcated into commercial vehicle and passenger vehicle. On the basis of the types, the advanced driver assistance system market has been segmented into radar, camera, LiDAR, and ultrasonic sensors. Based on the regions, the advanced driver assistance system market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the regions in the world.

Detailed Regional Analysis

The regional review of the advanced driver assistance system market covers regions such as North America, Europe, Asia-Pacific, and the rest of the regions in the world. The European region is focusing on the advanced safety features for vehicles, which will be a significant growth factor for market growth in Europe. The need for the safe delivery of goods and well-organized city transportation, original equipment manufacturers in The UK, Germany, and France are investing in the advanced driver assistance systems in Europe. The Middle Eastern and African region has several up-and-coming national markets due to the boost in the implementation of passenger cars in this region. The Latin American region is one of the budding regions in the advanced driver assistance system market. The nations such as Brazil are notably adding to the augmentation of the market due to the government initiatives, which are advocating rapid expansion of the advanced driver assistance system market.

Competitive Analysis

The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets are expected to aid each competitor in the mart with their growth goals. The inducement of favorable regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges.

The eminent contenders in the advanced driver assistance system market are Delphi Automotive LLP, HELLA KGaA Hueck & Co, Magna International Inc, Hitachi Ltd., DENSO CORPORATION, Panasonic Corporation, Robert Bosch Automotive Steering GmbH, Valeo, Continental AG, and ZF Friedrichshafen AG to name a few.

Complete Report Details @ https://www.marketresearchfuture.com/reports/driver-assistance-system-market-794

About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

Contact
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Summary

A New Market Study, titled “Gas Sensors Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.

Market overview

The Gas Sensors Market is so crucial as these are the detectors used with the Internet of Things technology. The international market for oil and gas sensors is speculated to grow at CAGR of around 4.80 % during the forecasted year up to 2023. Its ability to deliver superior levels of accuracy, trustworthiness, and applicability with a range of applications makes it significant. Starting from analysis to remote monitoring, it is useful for the industry in many ways, thus being highly demanded.

There are numerous ways gas sensors can be used. Starting from pressure detection, flow, level of variation in temperature to detection of pressure, these are used in numerous ways. Through the heightening number of non-traditional drilling, the demand for oil sensors has grown in many sectors. It has been highly trustworthy in terms of superior specification it delivers and lowering the safety issues. All these aspects make the prospects of the oil and gas sensors market highly significant during the forecasted year.

It is evident that the level of adoption of the Internet of Things products has increased in a noteworthy fashion. Moreover, the state administrators across the world are preparing norms to promote the higher usage of the technologies based on IoT technology. This is said to be the most proven in terms of enhancing the efficacy of production. In concurrence, lowers the operational expenses quite well, improving the downtime. In fact, the higher adoption of IoT insight of growing GDP has boosted the significance of oil and gas sensors.         

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Segmentation

The international Gas Sensors Market is segmented based on the product type, in terms of connectivity, on the basis of region and sectors. On the basis of product type, the international Gas Sensors Market is divided in to pressure sensor, temperature sensor, level sensor, vibration sensor, and others. Among these pressure sensor segments is indeed the most promising that enjoys the highest market share, primarily due to huge applications at all levels. In terms of sector, the international Gas Sensors Market is again divided into upstream, midstream, and downstream. In terms of connectivity, the market is divided in to wired and wireless.   

Regional analysis

The global Gas Sensors Market is segmented on the basis of the region as well. In this context, the market is divided into North America, South America, Europe, Africa, Asia, the Middle East, and Africa. North America is the most prominent among all, with the US remaining as the frontrunner. The European market is led by the UK and Germany. Brazil is speculated to be the leading market in South America. The Asian market is expected to remain steady, powered by the significant market scenario of the Indian and Chinese markets. In short, the market of oil and gas sensors looks established equally all across the globe during the forecasted period.  

Industry news

3rd Watch News publishes a report about the global Gas Sensors Market. It figures out the key driving factors behind the growth of the market. At the same time, the report also predicts the rate at which the international Gas Sensors Market is supposed to grow in the international market.  

Major Key Points in Table of Content

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Dynamics

5 Market Factor Analysis

6 Global Gas Sensors Market, by Technology

7 Global Gas Sensors Market, by Gas Type

8 Global Gas Sensors Market, by Application

9 Global Gas Sensors Market, by Region

10 Competitive Landscape

11 Company Profile

Complete Report Details @ https://www.marketresearchfuture.com/reports/gas-sensors-market-5459

About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

Contact
Market Research Future
+1 646 845 9312
Email: [email protected]

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Summary

A New Market Study, titled “USB Devices Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.

According to Market Research Future (MRFR), the USB devices market had a valuation of USD 19.00 billion in 2018 and is estimated to reach USD 46.08 billion with a CAGR of 13.9% from 2019 to 2025 (forecast period). The report covers the COVID-19 analysis of the global USB devices market and provides a full and accurate description of market segments, recent trends, growth prospects, and business challenges from 2019 to 2025 (forecast period) to identify growth opportunities.

Universal Serial Bus (USB) is an industry standard that sets out the specification for cables and connectors to connect, communicate, and supply power between computers, peripheral devices, and other computers. USB allows users to connect up to 127 devices, either directly or via a USB hub. The USB device uses a host or data source to send a class code, which further enables the device to select specific drivers that are compatible with it, and thus initiates the transfer process. The adoption of USB devices is largely witnessed in consumer electronics, IT & telecom devices, automobiles, and medical devices.

Market Dynamics

Ease in the development and manufacture of custom products and increasing demand for improved connectivity performance between electronic devices are critical factors in the growth of the global market for USB devices. Nevertheless, security issues are expected to hinder the development of the global market. Moreover, the complexity of replacing old USB standards with new ones creates a challenge for market vendors.

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Market Segmentation

The global market for USB devices has been segmented on the basis of type, product, connector type, and application.

Based on type, the global USB devices market has been segmented into USB 1.0, USB 2.0, USB 3.0, and others.

By product, the global USB devices market has been segmented into webcams, USB, flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers, others.

By the connector type, the global USB devices market has been segmented into type A, type B, type C, and lightning connector.

By application, the global USB devices market has been segmented into consumer electronics, IT & telecommunication, automotive, healthcare & medical devices, and others.

Regional Analysis

Regionally, the global USB devices market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America.

North America led the global USB devices market for USB devices. The region has seen a strong presence of automotive, consumer electronics, and manufacturing companies. This increased the demand for USB devices for use in numerous consumer electronic applications.

The Asia Pacific region is expected to see the fastest growth in the production of USB devices during the forecast period. Increasing consumer electronics adoption and the growing IT & telecommunication industry in the region have led to the continued growth of the USB device market. In addition, mature markets such as China, Japan, India, and South Korea have contributed to the development of the global market for USB devices.

Key Players

MRFR has identified a few companies as leading players in the Global USB Devices Market. These include Corsair Memory, Inc. (US), ADATA Technology Co., Ltd (Taiwan), Imation Corporation (US), SanDisk Corporation (US), Kingston Technology Corporation (US), Samsung Corporation (South Korea), Micron Consumer Products Group Inc. (US), Verbatim Americas LLC. (Japan), Toshiba Corporation (Japan), Transcend Information Inc. (Taiwan), Teclast Electronics Co., Ltd. (China), Netac Technology Co., Ltd. (China), Intel Corporation (US), and Koninklijke Philips N.V. (Netherlands). These companies are evaluated based on their geographic presence, origin, product portfolio, key developments, and expertise in USB device manufacturing and technology.

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Summary

A New Market Study, titled “Haptic Technology Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.

The haptic technology market is garnering significant traction, witnessing the wide adoption of haptic solutions across industries. High-definition haptic feedback significantly enhances the sensory experience of human-machine interfaces by engaging the full range of human tactile sensitivity. Therefore, haptic actuators are extensively used for robust operating purposes in hostile, low-visibility and noise-filled environments.

The vast uptake of haptic technology in some of the burgeoning sectors such as automotive and healthcare increases the market size, escalating the market further on the global platform. The market is witnessing substantial investments in R&D activities, which boost the size of the market. The haptic technology market is projected to demonstrate outstanding growth in the years to come.

In this regard, Market Research Future (MRFR) states that the global haptic technology market would account for exponential gains by 2027, registering a staggering CAGR during the review period (2020 – 2027). Additional factors bolstering the market growth include the proliferation of smartphones, smart electronic devices, and wearables.

Haptics is garnering huge prominence in augmented reality (AR) and virtual reality (VR). This, as a result, increases haptics uses in automobiles, gaming, and medical devices, boosting the growth of the market. The burgeoning IT sectors worldwide foster the market share for haptic technology.

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Haptic Technology Market – Segmentation

The market is segmented into components, feedback, application, and regions. The component segment is sub-segmented into actuators, drivers & controllers, software, and others. The feedback segment is sub-segmented into tactile and force.

The application segment is sub-segmented into automotive & transportation, consumer electronics, gaming, education & research, healthcare, engineering, and others. By regions, the market is sub-segmented into Americas, Asia Pacific, Europe, and rest-of-the-world.

Global Haptic Technology Market – Regional Analysis

The Asia Pacific region dominates the global haptic technology market. The largest market share attributes to the wide adoption of these technologies in some of the burgeoning sectors in the region. Moreover, rapidly growing haptic technology markets in India, China, and Japan place the region in the leading position. Spurring rise in consumer electronics, automotive & transportation, gaming, education & research, healthcare, and engineering, creates substantial market demand.

North America stands second in the global haptic technology market. Heavy R&D investment by the private sector towards developing haptic technologies is a key driving force behind the market growth. The augmented demand and availability of quality haptic devices boost the market size in the region. Besides, factors such as vast technological advances and the presence of prominent players substantiate the market growth in this region.

Europe is emerging as the fastest-growing market for haptic technologies. The region is witnessing a rapid expansion stage of haptic technologies. Additionally, the market is driven by the increasing adoption of haptic technologies by the increasing number of businesses in the region. The European haptic technology market is estimated to witness fabulous market growth during the review period. 

Haptic Technology Market – Competitive Landscape

Well-established market players gain a competitive advantage in the market, maintaining their market position. These Players also invest substantially in the R&D to develop a technology with unique features entirely on a different level than their competition. They focus on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets.

Major Players:

Players leading the haptic technology market are Texas Instruments Incorporated (US), Immersion Corporation (US), Ultrahaptics (Ultraleap – UK), ON Semiconductor Corporation (US), Haption S.A. (France), SMK Corporation (Japan), Johnson Electric (Hong Kong), Microchip Technologies Incorporated (US), Force Dimension (Switzerland), and Synaptics Incorporated (US), among others.

Industry/Innovation/Related News:

February 03, 2021 —- Faurecia, a leading global automotive technology company and Immersion Corporation, a leading developer and provider of haptics, announced a multi-year license agreement. Under the agreement, Immersion would provide Faurecia with access to its haptic technologies & solutions. Further, the agreement would enable Faurecia to develop advanced, interactive haptic user interfaces with the latest innovations from Immersion.

Complete Report Details @ https://www.marketresearchfuture.com/reports/haptic-technology-market-4011

About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

Contact
Market Research Future
+1 646 845 9312
Email: [email protected]

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