Haptic Technology Market - Global Industry Growth, Analysis, Size, Share And Forecast To 2020: New Report By Grand View Research, Inc.

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New Market research report title "Global Haptic Technology Market Analysis Size And Segment Forecasts To 2020" has been added to Grand View Reseach report database. View the full report - http://www.grandviewresearch.com/industry-analysis/haptic-technology-market

Grand View Research

Increasing demand for consumer electronics such as smart-phones, tablets, media players and home appliances and need for their product differentiation is expected to be the key growth factor.

Rising demand for multi-touch applications and richer media experiences is expected to fuel haptic technology market growth over the forecast period. Haptic technology offers enhanced customer experience by engaging sound, sight and touch, and is widely used for vibrating alarms in mobile phones. Increasing demand for consumer electronics such as smartphones, tablets, media players and home appliances and the need for product differentiation are expected to be the key growth factor for the haptic technology market. Additionally, technology advancements and rising demand for advance gaming applications are further expected to favor overall market growth over the next six years.

Access full research report on Global Haptic Technology Market at http://www.grandviewresearch.com/industry-analysis/haptic-technology-market

Size and design limitations in handsets may act as a restraint on the market. High power consumption increases the maintenance cost for haptic technology-enabled consumer electronics, which is also expected to hinder market growth over the forecast period. Increasing implementation of this technology in sectors such as education and home appliances along with emerging applications for the differently abled population is expected to provide new opportunities for market growth. Low technology awareness is a critical factor to be resolved by industry participants for the next six years.

Request for TOC of Global Haptic Technology Market research report at http://www.grandviewresearch.com/industry-analysis/haptic-technology-market/request-toc

The market can be segmented on the basis of technology, component, device type and end-use. Consumer electronics is expected to be the key end-use segment over the forecast period. Industrial use such as automotive is also expected to grow at a considerable rate. Asia Pacific is estimated to be the key regional segment for the next six years. North America and Europe are also expected to witness significant growth. Key market players include Senseg, Immersion and SMK Electronics etc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Grand View Research, Inc
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Web: Grand View Research

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