Haptic Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global haptic technology market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028.
Haptic technology, or kinesthetic communication, refers to virtual and mixed reality solutions that offer multi-model experiences by engaging sight, sound and touch. It involves technology that uses physical feedback and pressure sensitivity to operate through various devices, such as actuators, haptic drives and microcontroller units. The haptic actuators are electronic devices that convert electric signals to vibrations that can be sensed by the user operating the device. This technology is commonly used for creating and controlling virtual objects, game consoles, surgical equipment and wearable devices, and to enhance the efficiency of remote-controlled machines and telerobots.
Significant growth in the consumer electronics sector, along with the increasing adoption of haptic technology solutions for improved scalability of devices, are among the key factors creating a positive impact on the market. The widespread adoption of haptics in smart-phones, tablets, media players, home appliances and virtual interfaces for enhanced sound, touch and visual effects have facilitated improvements in product designs and operational efficiencies. Furthermore, increasing utilization of haptic technology in gaming applications is also driving the market growth. Gaming input devices, such as operating consoles and joysticks, use the technology to provide different intensities of vibrations and mechanical signals, thereby providing immersive user experience. Additionally, the growing usage of 3D-touchscreen displays in automobiles and medical electronics is contributing to the growth of the market. Other factors, including the proliferation of haptics in robotics, manufacturing and industrial automation, along with the development of efficient tools and devices for visually-impaired individuals, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global haptic technology market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, feedback, technology and application.
Breakup by Component:
Actuators
Drivers and Controllers
Software
Others
Breakup by Feedback:
Tactile
Force
Breakup by Technology:
Captive
Resistive
Others
Breakup by Application:
Automotive and Transportation
Consumer Electronics
Education and Research
Gaming
Healthcare
Engineering
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 3d Systems Corporation, Haption, Immersion Corporation, Johnson Electric Holdings Limited, Microchip Technology Inc., ON Semiconductor Corporation, Precision Microdrives Ltd., Senseg Oy (O-film Global HK Trading Limited), SMK Corporation, Synaptics Incorporated, Tactus Technology Inc., Texas Instruments Incorporated and Ultrahaptics.
Key Questions Answered in This Report
1. What was the size of the global haptic technology market in 2022?
2. What is the expected growth rate of the global haptic technology market during 2023-2028?
3. What are the key factors driving the global haptic technology market?
4. What has been the impact of COVID-19 on the global haptic technology market?
5. What is the breakup of the global haptic technology market based on the component?
6. What is the breakup of the global haptic technology market based on the feedback?
7. What is the breakup of the global haptic technology market based on the application?
8. What are the key regions in the global haptic technology market?
9. Who are the key players/companies in the global haptic technology market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Haptic Technology Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Actuators
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Drivers and Controllers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Software
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Feedback
- 7.1 Tactile
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Force
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Technology
- 8.1 Captive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Resistive
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Application
- 9.1 Automotive and Transportation
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Consumer Electronics
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Education and Research
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Gaming
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Healthcare
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Engineering
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Others
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 3d Systems Corporation
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Haption
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Immersion Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Johnson Electric Holdings Limited
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Microchip Technology Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 ON Semiconductor Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Precision Microdrives Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 Senseg Oy (O-film Global HK Trading Limited)
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 SMK Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Synaptics Incorporated
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Tactus Technology Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Texas Instruments Incorporated
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.13 Ultrahaptics
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
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