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Haptic Technology Market 2021: Gross Margin Analysis, Sales, Demand, and Global Research Report 2027

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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.

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posted Jul 27 by anonymous

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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

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Summary

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

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Market Synopsis

The global Display Driver Market Size was initially valued at USD 6.04 billion in 2017 and is estimated to reach USD 8.93 billion by the end of the assessment period i.e 208-2023. The CAGR is expected to expand at a rate of 7.16% during the forecast period.

With the higher demand for LCD panels for mobile devices, PC monitors, TVs and an increasing number of display manufacturers are some of the major factors driving the display market 2020. The adoption of AR/VR, wearables are being done at a faster pace which results in the rising demand for OLED, flexible drivers that affect the market of display drivers as well.

Smart displays play an important role in automotive applications. Increasing demand for better safety and luxury in automobiles has resulted in the development of applications such as telematics, infotainment systems, and heads-up displays. Additionally, governments from various countries are implementing vehicle regulations for security and safety.

Segmentation

The display driver market is segmented into the device, type, technology, and package type.

On the basis of device, display driver IC is classified into automotive displays, smartphone, TV, tablet, wearable, PC monitor, and others. Smartphone is one of the leading segments which contribute a major share in the display driver market. Owing to the rising demand for connected vehicles and increasing interest in modern technologies, the automotive display segment is estimated to grow at a considerable rate during the assessment period.

On the basis of technology, the market is segmented into OLED, LCD, and others.

On the basis of package type, the market is classified into Chip-On-Film (COF), and Chip-On-Glass (COG). The rising adoption of the Chip-On-Film package type is anticipated to increase fast during the forecast period.

On the basis of type, the market is classified into touch display driver integration (TDDI), and display driver IC. The touch display driver integration segment is expected to thrive at a higher CAGR during the forecast period while the Display driver IC segment contributes to the maximum share of the market. Display driver IC embedded with a capacitive-touch-screen controller is called as touch display driver integration. It is believed to gain credibility recently as a higher number of entrepreneurs are paying attention to enhancing and developing this technology.

Regional Analysis

The global market for display drivers is considered to rise at a notable rate during the forecast period from 2018-2023. The regional study of the display driver market is performed for Asia-Pacific, North America, Europe, and the rest of the world (Middle East, Latin America, and Africa). Among the regions acknowledged, the APAC region is estimated to lead the display driver Market share during the forecast owing to a large number of presence of entrepreneurs in the region. Countries like Taiwan, China, and South Korea have a huge number of market vendors which has an advantage of low labor costs and a large number of raw-material suppliers, which plays a major role in the growth of the market.

North America also plays a significant role in the market due to the entrepreneur’s willingness to adopt modern technology. Europe is estimated to grow at the fastest pace due to the flourishing automobile industry in the region. Many organizations are increasing their production for display driver ICs utilized in automotive displays.

Key Players

The eminent key players in the display driver market are acknowledged across all the prominent regions based on their industry expertise, regions, recent key developments, product diversification, origin, presence across different regions. Some of those eminent organizations are ROHM Semiconductor (Japan), Samsung Electronics Co., Ltd. (South Korea), Fitipower Integrated Technology Inc. (Taiwan), Synaptics Inc. (US), MediaTek Inc. (Taiwan), Silicon Works Co., Ltd. (South Korea), Novatek Microelectronics Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MediaTek Inc. (Taiwan), Himax Technologies, Inc. (Taiwan), Raydium Semiconductor Corporation (Taiwan), MagnaChip Semiconductor Corporation (South Korea), and others. These are the key players in the market and play a significant role in the market share.

Apart from these key players, there are other competitors in the market which play a role in contributing to the market growth. These players consist of UltraChip Inc. (Taiwan), Systech Limited (Hong Kong), Lucid Display Technology Inc. (South Korea), Yunnan OLIGHTEK Opto-Electronic Technology Co. Ltd. (China), Dialog SemiConductor PLC (UK), SolasOLED LTD. (Ireland), and others.

Complete Report Details @ https://www.marketresearchfuture.com/reports/display-driver-market-7315

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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Market Research Future published a research report on “Haptic Technology Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Highlights

The global 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.

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.

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.

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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. 

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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.

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The study reveals that Enterprise Governance, Risk, And Compliance is trending in North America region. The enterprise governance, risk, and compliance market is driven by the increasing number of government regulation and compliance mandates. The numerous benefits of enterprise governance, risk, and compliance such as reducing costs, rationalizing controls, identify operational inefficiencies and others is boosting the enterprise governance, risk, and compliance market. The study indicates that the rise in need for increase in the operational efficiency and reduce costs is driving the Enterprise governance, risk, and compliance market. The study reveals that the lack of awareness, growing business partnerships and associations and limited resources results as the limitations to the enterprise governance, risk, and compliance market. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/2786 The Enterprise Governance, Risk, and Compliance Market is growing rapidly over 13% of CAGR and is expected to reach at USD 48 billion by the end of forecast period. Enterprise Governance, Risk, and Compliance Market Segmentation The enterprise governance, risk, and compliance market has been segmented on the basis of component, deployment model, organization size, end-user and region. Looking through the component segment, considering the software sub-segment, the risk management software has accounted for a largest share in enterprise governance, risk, and compliance market due to increasing risks in various fields. Considering the service sub-segment the integration services are expected to show a positive growth in the enterprise governance, risk, and compliance market. Access Report Details @ https://www.marketresearchfuture.com/reports/enterprise-governance-risk-compliance-market-2786 Key Players: The prominent players in the enterprise governance, risk, and compliance market are Dell EMC (U.S.), SAS (U.S.), Oracle (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), MetricStream (U.S.), Resolver (UK), BWise (Netherlands), Resources Connection, Inc. (U.S.), among others. Market Research Analysis: On geographic basis, enterprise governance, risk, and compliance market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of World. It has been observed that North America region is leading in the enterprise governance, risk, and compliance market. North America region has a higher focus towards risk management and has strict regulations for risk and compliance management. The study shows that European region has a positive growth in the enterprise governance, risk, and compliance market. The developing economies in Asia-Pacific regions like China, Japan and others are showing high adoption in the enterprise governance, risk, and compliance systems. Asia-Pacific region is expected to show a sudden hike in the enterprise governance, risk, and compliance market during the forecast period. 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. The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. Our Forte • Strong industry focus • Robust methodology • Tailor-made solutions • Disruptive research • Cutting-edge detailed reports • Competitive pricing • Domain expert researchers • Timely delivery • Ground-breaking approach • Advanced and transparent research methodology • Cover latest trends and innovations
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Market Research Future published a research report on Shortwave Infrared Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Highlights

Shortwave infrared is invisible to eyes and used to achieve high quality and object-specific images. It is used for various applications like weather forecasts, climate changes, and others, making it an important part of the human life and end-user industries. It is used for surveillance, as it has a high capability of detecting objects in dark conditions, making it an effective technology in the aerospace and defense sectors. As technology advances, this technology is also being used in the automotive industry in advanced features like vehicle navigation in low light and dark conditions.

The rapid growth of the automotive industry is expected to provide lucrative growth opportunities for the shortwave infrared market. The growing defense budgets and needs to adopt the latest technologies have provided major growth opportunities to this market and are rapidly growing globally. The rise in penetration through space in search of new opportunities has provided additional opportunities to the shortwave infrared market. The companies are readily investing in research & development programs to unfold the new aspects, imposing an extra load on the market and will help the market gain accelerated speeds.

Apart from the uses and features, the global Shortwave Infrared Market is facing challenges from high costs of shortwave infrared cameras, which has restrained the global market growth. This report offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global shortwave infrared marketplace. The worldwide market is anticipated to sign in approximately 08 % annual growth in this era.

Key players

The prominent players in the Shortwave Infrared Market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Sensors Unlimited (US), Flir Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Opgal Optronic Industries (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. (Canada), Ircameras LLC (US), Princeton Infrared Technologies (US), Episenors (Ireland), and HGH Infrared Systems (France).

These players are largely investing in organic growth strategies such as expansion and new product launches to strengthen their position in the shortwave infrared market. For instance, in 2018, New Imaging Technologies launched a new shortwave infrared camera WiDy SenS largely to cater to surveillance, microscopy, and laser beam profiling applications.

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Segmentation

The global shortwave infrared market has been segmented into type, technology, end user, and region.

By type, the shortwave infrared market has been segmented into area scan and line scan.

By technology, the shortwave infrared market has been segmented into cooled infrared imaging, and uncooled infrared imaging.

By end user, the shortwave infrared market has been segmented into aerospace, electronics & communication, food & beverage, military & defense, medical & healthcare, and others.

By region, the shortwave infrared market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis

The global market for shortwave infrared is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of shortwave infrared market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the shortwave infrared market from 2018 to 2023 owing to the high demand for SWIR cameras from end-use verticals such as defense, healthcare and scientific research. Furthermore, higher concentration global market players and easy availability of proficient technical expertise drive the demand for shortwave infrared cameras.

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