Global Haptic Technology Market By Overview
The term "haptic technology," sometimes known as "kinesthetic communication," describes virtual and mixed reality technologies that provide multi-model experiences by involving sight, sound, and touch. Actuators, haptic drives, and microcontrollers are just a few of the equipment involved in the technology, which uses pressure sensitivity and physical feedback to function. The device's user can feel vibrations produced by the haptic actuators, which are electronic components that transform electric signals into those vibrations. The efficiency of remote-controlled machines and telerobots is increased by using this technology, which is also frequently used to create and control virtual objects, gaming consoles, surgical equipment, and wearable devices. Haptic Technology Market accounted for US$ 4.6 billion in 2024 and is estimated to be US$ 15.3 billion by 2034 with a CAGR of 14.10%.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Haptic Technology Market By Dynamics
Over the projection period, a moderate growth in haptic technology sales is anticipated. The reason for this is the growing use of haptic technology in consumer electronics products including media players, cellphones, tablets, virtual interfaces, and household appliances. The market for haptic technology is expanding as a result of increased use of this technology in visual impairment and medical simulation. The usage of educational display technology and growing demand for haptic technology in holographic products are predicted to open up attractive growth prospects for both new and established firms looking to gain an advantage over rivals.
Global Haptic Technology Market By Segmentation
Haptic Technology Market is segmented based on component, technology, application, and region.
On the basis of component, the Haptic Technology Market is segmented into actuators, drivers, and controllers. On the basis of technology, the Haptic Technology Market is segmented into Tactile Feedback and Force Feedback. On the basis of application, the Haptic Technology Market is segmented into Consumer Electronics, Automotive, and Healthcare.
Regional Insights:
On region the Haptic Technology Market Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the growing use of internet-enabled devices, the prevalence of major consumer electronics and semiconductor companies in nations like China and Japan, as well as the region's significant revenue share of the market for haptic technology, the Asia Pacific region is expected to continue to dominate the market. The haptic technology market in North America has the second-highest revenue share in the world in 2018, followed by markets in Europe.
Report Scope:
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Attribute |
Details |
|
Base year for estimation |
2023 |
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Forecast period |
2024– 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Component - Actuators, Drivers, and Controllers. By Technology - Tactile Feedback and Force Feedback By Application - Consumer Electronics, Automotive, and Healthcare |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034 For the purpose of this study, has segmented the Haptic Technology MarketMarket report based on device, contain, deployment and region:
Haptic Technology Market, By Component
- Actuators
- Drivers
- Controllers
Haptic Technology Market, By Technology
- Tactile Feedback
- Force Feedback
Haptic Technology Market, By Application
- Consumer Electronics
- Automotive
- Healthcare
Haptic Technology Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Haptic Technology Market By Key Players
The key players operating the Haptic Technology Market includes Immersion Corporation, Force Dimension Sarl, Senseg Oy, Ultrahaptics Limited, Haption S.A., Texas Instruments, Inc., Haptx, ON Semiconductor Corporation, SMK Corporation, Microchip Technology, Inc., Precision Microdrives, Ltd, and IMAGIS Co., Ltd.
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".
Global Haptic Technology Market By Company Profile
- Immersion Corporation*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Texas Instruments Incorporated
- Ultrahaptics, Senseg Ltd.
- ON Semiconductor
- Johnson Electric
- SMK Corporation
- Microchip Technology Inc.
- Synaptics Incorporated
- 3D Systems, Inc.
- Force dimension
“*” marked represents similar segmentation in other categories in the respective section
Global Haptic Technology Market By Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Recent Approvals
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Component, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Actuators
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Drivers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Controllers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Technology, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Tactile Feedback
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Force Feedback
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Application, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Immersion Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Force Dimension Sarl
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Senseg Oy
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Ultrahaptics Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Haption S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Texas Instruments, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Haptx
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ON Semiconductor Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- SMK Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Microchip Technology, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview.
- Precision Microdrives, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- IMAGIS Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Analyst Views
- Immersion Corporation
- Section
- Research Methodology
- About Us
- Contact
Global Haptic Technology Market By Highlights
FAQs
The Haptic Technology Market is segmented into basis of on component, technology, application, and region.
Over the projection period, a moderate growth in haptic technology sales is anticipated. The reason for this is the growing use of haptic technology in consumer electronics products including media players, cellphones, tablets, virtual interfaces, and household appliances.
By region, Due to the growing use of internet-enabled devices, the prevalence of major consumer electronics and semiconductor companies in nations like China and Japan, as well as the region's significant revenue share of the global market for haptic technology, the Asia Pacific region is expected to continue to dominate the market.
The Key players operating in the Haptic Technology Market includes Immersion Corporation, Force Dimension Sarl, Senseg Oy, Ultrahaptics Limited, Haption S.A., Texas Instruments, Inc., Haptx, ON Semiconductor Corporation, SMK Corporation, Microchip Technology, Inc., Precision Microdrives, Ltd, and IMAGIS Co., Ltd.