Component Sense Blog

Tag: advancements in technology

Haptic Technology Market Set for Growth Surge

Haptic Technology Market Set for Growth Surge
A new study from market research firm Global Market Insights reveals that demand for haptic technology is forecast to rise from its current market value of over $7 trillion to over $10 trillion by 2026, gaining remarkable traction between 2020 and 2026. Thanks to growing demand for haptics in the gaming industry and increased use of haptic systems in consumer electronic devices such as tablets and smartphones, the haptics market is set to enjoy exponential growth in coming years. Haptic technology seeks to simulate the sensation of touch using multiple mechanisms. Along with other sensory mechanisms, haptics can be used...

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