Tactile VR Market Analysis

The market is segmented based on component into hardware and software. The hardware segment accounts for the maximum share in the component segment during the forecast period owing to usage of high sensitive sensors and cameras in various products. However, the software segment is expected to grow at a high CAGR over the forecast period owing to recent development and changes involved in software of virtual reality.

On the basis of end use industry, the market is further segmented as automotive, healthcare, consumer electronic, transportation, industrial and others. The automotive and consumer electronic segment is expected to occupy the largest market share in the forecast period owing to recent advancement in the field of automotive industry and growth of virtual operated consumer electronics across the globe. Also, there is an increase in adoption of tactile VR products in the automobile sector to control various components of the vehicle such as steering wheels, acceleration & brake paddle and other dashboard controls.

Our in-depth analysis of the global market includes the following segments:

By Component	Hardware Software
By End Use Industry	Automotive Consumer Electronics Healthcare Transportation Industrial Others

Frequently Asked Questions (FAQ)

Increasing Integration of Virtual Reality with Automotive and Consumer Electronics.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Technical issues related to product design and high cost associated with Tactile VR products in lower economic regions are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to rising disposable income, along with increased adoption of consumer devices.

The major players dominating the Tactile VR market are Force Dimension, Geomagic, Inc., Immersion Corporation, Hapton S.A., MK Electronics, HaptX Inc. and Texas Instruments Inc., and among others.

Tactile VR Market Analysis