Overview:
The global review of the haptic interfaces market includes a proper study of various factors that can provide a tailwind to ensure a rise up to USD 18 billion by 2023 at a CAGR of 16% during the forecast period of 2018 to 2023.
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Regional Analysis:
Infrastructural backing and investment scope are supporting the growth of the North American Haptic Interface Market Growth. In Europe, research facilities are getting thrusts from government initiatives.
Industry News:
Recently, researchers came up with a new tool, designed with the help of haptic technology, for firefighters. An interdisciplinary research team from Carnegie Mellon University (CMU) is working on developing haptic interfaces as alternative communication channels for firefighters. This system allows communication with a computer through their body movements. These researchers have modified a firefighter's helmet by including haptic actuators, a control box that comes with a radio module, and other important devices to empower firefighters with real-time information. They are calling the prototype "Haptic Helmet." This helmet is expected to communicate with firefighters by sending a buzz to different sides of the head to inform about movement. The helmet will receive these signals from an RF remote controller.
In July 2020, Actronika announced the launch of its new product Skinetic, a haptic effects engine providing developers that come with a new type of designing and touch interfaces. The system incorporates diverse types of haptic interfaces to deliver amazing tactile experiences for any mainstream game engine. This desktop app will allow gamers to have a simple, deep, effective tool irrespective of the level of the knowledge of the haptics. Actronika is influencing the ecosystem of High Definition Haptic products that shows up to 95% of tactile fidelity with its hardware through unique VR Vests, VR gamepads, and smartphones. The company has launched the product in such a way that it would perform well with most of the up-to-grade hardware.
The haptic interface market is slated to gain significantly from its ability to introduce telemanipulation as a method. This new technology would help various sectors like the healthcare industry and the COVID-19 crisis is inspiring this change a lot.
Competitive Landscape:
Haption SA (France), AAC Technologies Holdings Inc. (China), Apple Inc. (US), Google LLC (US), Nuance Communications (US), Ultrahaptics Ltd. (UK), Novasentis Inc. (US), Immersion Corporation (US), 3D Systems (US), Qualcomm Technologies, Inc (US), and others are names inspiring growth in the haptic interface market by implementing strategic tools that not just cement their own market position but help the market to progress.
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