Global Haptics Technology revenue market is valued at 5636.16 million USD in 2016 and is expected to reach 12457.83 million USD by the end of 2022, growing at a CAGR of 14.13%between 2016 and 2022.
AAC Technologies, Alps Electric, Nidec Corporation, Cypress Semiconductor, Texas Instruments, Bluecom, On Semiconductor, Microchip, Johnson Electric and Immersion are major players in the Haptics Technology in 2016. AAC Technologies dominated with 21.26% revenue share.
On the basis of region, China is the largest market segment of Haptics Technology, with a consumption market share nearly 29.92% in 2016; Asia region has great market potential in the future.
Haptics Technology used in industry including Automotive, Medical, Mobile Terminal (Smartphone/Tablet), Home and Wearable. Report data showed that 36.04% of the Haptics Technology market demand in Mobile Terminal (Smartphone/Tablet) in 2016.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.