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Tactile VR Market Trends

  • Report ID: 2929
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Tactile VR Market Trends

Growth Drivers

  • Upsurge Demand and Usage of Robotics
  • Growing Advancements in Virtual Reality Products
  • Increasing Integration of Virtual Reality with Automotive and Consumer Electronics

Challenges

  • Technical Issues Related to Product Design
  • High Cost Associated with Tactile VR Prod

Tactile VR Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

21.6%

Base Year Market Size (2023)

USD 483.71 billion

Forecast Year Market Size (2036)

USD 6.14 trillion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Abhishek Verma


  • Report ID: 2929
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

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.
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