Global Haptics Technology Market Growth (Status and Outlook) 2023-2029

Global Haptics Technology Market Growth (Status and Outlook) 2023-2029

This report studies the Haptics Technology market, Haptic technology,or haptics,is a tactile feedback technology which takes advantage of the sense of touch by applying forces, vibrations, or motions to the user.

In the report, the statistical range of Haptics Technology includes: Actuators (Eccentric Rotating Mass (ERM), piezoelectric actuator, Linear Resonant Actuators (LRAS), Electroactive Polymer Actuators), Drivers & Controllers, and Software.

LPI (LP Information)' newest research report, the “Haptics Technology Industry Forecast” looks at past sales and reviews total world Haptics Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Haptics Technology sales for 2023 through 2029. With Haptics Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Haptics Technology industry.

This Insight Report provides a comprehensive analysis of the global Haptics Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Haptics Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Haptics Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Haptics Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Haptics Technology.

The global Haptics Technology market size is projected to grow from US$ 10550 million in 2022 to US$ 23670 million in 2029; it is expected to grow at a CAGR of 12.2% from 2023 to 2029.

AAC Technologies, Alps Electric, Nidec Corporation, Cypress Semiconductor, Texas Instruments, Bluecom, On Semiconductor, Microchip, Johnson Electric and Immersion are major players in the Haptics Technology. AAC Technologies dominated with 21% revenue share.

On the basis of region, China is the largest market segment of Haptics Technology, with a consumption market share nearly 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Haptics Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Haptics Actuators

Drivers & Controllers

Haptics Software

Segmentation by application

Automotive

Medical

Mobile Terminal (Smartphone/Tablet)

Home

Wearable

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

AAC Technologies

Alps Electric

Nidec Corporation

Cypress Semiconductor

Texas Instruments

Bluecom

On Semiconductor

Microchip

Johnson Electric

Immersion

Jinlong Machinery & Electronics

Precision Microdrives

Novasentis

Please note: The report will take approximately 2 business days to prepare and deliver.