According to the new market research report Haptic Technology Market, by Components (Software, Drivers, Actuators, Microcontrollers), Feedback (Force Feedback, Tactile Feedback), Applications (Healthcare, Gaming, Engineering, Transportation & Automotive, Research & Education, Others) - Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022 published by Scalar Market Research, the global intelligent transportation systems market is expected to grow at a healthy rate during the forecast period.

Chicago, IL -- (SBWire) -- 04/10/2017 --The objective of this report is Haptic Technology Market to describe the market trends and revenue forecasts for the haptic technology market for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.

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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the haptic technology market. The scope of this report covers the haptic technology market by its major segments, which include the components, feedback, applications, and the major geographic regions.

KEY PREMIUM INDUSTRY INSIGHTS

The key reasons driving the growth of the Haptics Technology Market include the growing adoption of haptics in consumer electronics devices and use of haptics in medical industry

Probable demand for haptic technology in holographic display products Development of the smart grid technology is one of the key growth opportunity drivers for this market

However, the decline in the adoption rate of force feedback haptic technology due to high cost is the major factor that may hamper the growth of the Haptics Technology Market

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