Haptic Technology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Haptic Technology Market
The haptic technology market size was valued at USD 2.75 billion in 2022, and the market is now projected to grow from USD 2.99 billion in 2023 to USD 7.31 billion by 2030, exhibiting a CAGR of 13.6% during the forecast period of 2023-2030.
The COVID-19 outbreak has impacted worldwide and this greatly affected the supply chain for many products and services. Haptic demand dropped as production facilities shut down and consumer electronics sales declined. Decreased per capita income further impacted the market. These factors collectively hindered haptic technology market growth.
The increasing use of haptics in smartphones and automotive transportation is attributed to the market expansion. Haptic technology enhances user experience by aligning touch panels with audio-visual content, improving real-time interaction in movies and games. Smartphones are incorporating advanced haptic features, fueling demand. This technological integration is expected to expand the haptic technology market share during the forecast period. The trend supports immersive experiences across devices.
Additionally, the integration of haptics in mobile gaming and consoles is driving market trends. Advanced haptic drivers and actuators enhance the tactile sensations in gaming, making experiences more immersive and realistic. Gaming devices with arm suits and graspable controls are adopting this technology. These innovations are fueling the growth of the haptic technology market. The trend is expected to continue expanding market share during the forecast period.
Comprehensive Analysis of Haptic Technology Market
The haptic technology market and semiconductor & electronics industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the semiconductor & electronics industry. These segmentations are methodically segregated by product type and by application. The product type includes, Graspable, Touchable and Wearable. The application includes, Information & Communication, Automotive Transportation, Gaming & Console, Consumer Electronics, Medical & Healthcare and Others (engineering, & others).
Asia Pacific led the global haptic technology market with a 28.72% share in 2022, driven by rising demand for immersive touch and acoustic haptics. China's dominant tech and consumer base fuels market growth, especially in automotive applications with smart infotainment systems. India, Japan, South Korea and ASEAN nations also contribute significantly. Wearable devices and graspable gaming solutions are expected to boost long-term market expansion. The region is forecasted to grow at the highest rate.
The key industry players in the market play a crucial role in the semiconductor & electronics industry assuring industrial prospectus growth and setting market standards. These players include, Immersion Corporation (U.S.), 3D Systems (U.S.), Jahwa Electronics (South Korea), Renesas Electronics Corporation (Japan), Texas Instruments (U.S.), D-Box Technologies (Canada), AAC Technologies (China), Johnson Electric (China), Microchip Technology (U.S.), TDK Corporation (Japan) and Awinic (China). These market players provide a level-playing competitive landscape.
In January 2023, One Plus, a prominent smartphone manufacturer incorporated AAC technology to create a biometric haptic actuator. This innovation combines acoustics, optics and other haptic elements to deliver enhanced vibration feedback for users.
Segmentation Table
Global Haptic Technology Market Scope
Study Period 2019-2030
Base Year 2022
Forecast Period 2023-2030
Growth Rate CAGR of 13.6% from 2023 to 2030
Historical Period 2019-2021
Unit Value (USD Billion)
Segmentation By Product Type, Application, and Region
By Product Type Graspable
Touchable
Wearable
By Application Information & Communication
Automotive
Gaming & Console
Consumer Electronics
Medical & Healthcare
Others (engineering, & others)
By Region North America (By Product Type, By Application, and By Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Product Type, By Application, and By Country)
U.K. (By Product Type)
Germany (By Product Type)
France (By Product Type)
Italy (By Product Type)
Rest of Europe
Asia Pacific (By Product Type, By Application, and By Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
South Korea (By Product Type)
Rest of Asia Pacific
Middle East & Africa (By Product Type, By Application, and By Country)
GCC Countries (By Product Type)
Turkey (By Product Type)
South Africa (By Product Type)
Rest of MEA
South America (By Product Type, By Application, and By Country)
Brazil (By Product Type)
Argentina (By Product Type)
Rest of South America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Haptic Technology Key Players Market Share/Ranking, 2022
- 5. Global Haptic Technology Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Product Type (USD)
- 5.2.1. Graspable
- 5.2.2. Touchable
- 5.2.3. Wearable
- 5.3. By Application (USD)
- 5.3.1. Information & Communication
- 5.3.2. Automotive
- 5.3.3. Gaming & Console
- 5.3.4. Consumer Electronics
- 5.3.5. Medical & Healthcare
- 5.3.6. Others (engineering, & others)
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. South America
- 6. North America Haptic Technology Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Product Type (USD)
- 6.2.1. Graspable
- 6.2.2. Touchable
- 6.2.3. Wearable
- 6.3. By Application
- 6.3.1. Information & Communication
- 6.3.2. Automotive
- 6.3.3. Gaming & Console
- 6.3.4. Consumer Electronics
- 6.3.5. Medical & Healthcare
- 6.3.6. Others (engineering, & others)
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Product Type
- 6.4.2. Canada
- 6.4.2.1. By Product Type
- 6.4.3. Mexico
- 6.4.3.1. By Product Type
- 7. Europe Haptic Technology Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Product Type (USD)
- 7.2.1. Graspable
- 7.2.2. Touchable
- 7.2.3. Wearable
- 7.3. By Application (USD)
- 7.3.1. Information & Communication
- 7.3.2. Automotive
- 7.3.3. Gaming & Console
- 7.3.4. Consumer Electronics
- 7.3.5. Medical & Healthcare
- 7.3.6. Others (engineering, & others)
- 7.4. By Country (USD)
- 7.4.1. United Kingdom
- 7.4.1.1. By Product Type
- 7.4.2. Germany
- 7.4.2.1. By Product Type
- 7.4.3. France
- 7.4.3.1. By Product Type
- 7.4.4. Italy
- 7.4.4.1. By Product Type
- 7.4.5. Rest of Europe
- 8. Asia Pacific Haptic Technology Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Product Type (USD)
- 8.2.1. Graspable
- 8.2.2. Touchable
- 8.2.3. Wearable
- 8.3. By Application (USD)
- 8.3.1. Information & Communication
- 8.3.2. Automotive
- 8.3.3. Gaming & Console
- 8.3.4. Consumer Electronics
- 8.3.5. Medical & Healthcare
- 8.3.6. Others (engineering, & others)
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Product Type
- 8.4.2. India
- 8.4.2.1. By Product Type
- 8.4.3. Japan
- 8.4.3.1. By Product Type
- 8.4.4. South Korea
- 8.4.4.1. By Product Type
- 8.4.5. Rest of Asia Pacific
- 9. Middle East & Africa Haptic Technology Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Product Type (USD)
- 9.2.1. Graspable
- 9.2.2. Touchable
- 9.2.3. Wearable
- 9.3. By Application (USD)
- 9.3.1. Information & Communication
- 9.3.2. Automotive
- 9.3.3. Gaming & Console
- 9.3.4. Consumer Electronics
- 9.3.5. Medical & Healthcare
- 9.3.6. Others (engineering, & others)
- 9.4. By Country (USD)
- 9.4.1. Turkey
- 9.4.1.1. By Product Type
- 9.4.2. GCC
- 9.4.2.1. By Product Type
- 9.4.3. South Africa
- 9.4.3.1. By Product Type
- 9.4.4. Rest of MEA
- 10. South America Haptic Technology Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Product Type (USD)
- 10.2.1. Graspable
- 10.2.2. Touchable
- 10.2.3. Wearable
- 10.3. By Application
- 10.3.1. Information & Communication
- 10.3.2. Automotive
- 10.3.3. Gaming & Console
- 10.3.4. Consumer Electronics
- 10.3.5. Medical & Healthcare
- 10.3.6. Others (engineering, & others)
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Product Type
- 10.4.2. Argentina
- 10.4.2.1. By Product Type
- 10.4.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. 3D Systems
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Jahwa Electronics
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Renesas Electronics Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Texas Instruments
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. D-Box Technologies
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Awinic
- 11.6.1.
- 11.6.1.1. Overview
- 11.6.1.2. Key Management
- 11.6.1.3. Headquarters
- 11.6.1.4. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. AAC Technologies
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Johnson Electric
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Microchip Technology
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. TDK Corporation
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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