Global Haptic Touchscreen Market Size By Component (Software, Hardware), By Feedback Type (Tactile, Force), By Application (Consumer Electronics, Automotive), By Geographic Scope And Forecast

Haptic Touchscreen Market Size And Forecast

Haptic Touchscreen Market size was valued at USD 17.32 Billion by 2022 and is projected to reach USD 47 Billion in 2030, growing at a CAGR of 13.29% from 2023 to 2030.

The rapid increases in the adoption of consumer electronics and increasing digitalization are some of the factors anticipated for driving market growth during the forecast period. The Global Haptic Touchscreen Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Haptic Touchscreen Market Definition

A haptic touchscreen may be defined as a recreation of the touch senses by applying forces, vibration, or motion to the user. Haptic touch is a 3D touch for example Apple introduced haptic touch in the 2018 iPhone XR and later expanded its entire iPhone lineup. Haptic touch uses taptic engine and provides haptic feedback when the screen is pressed. Haptic touch can be used by pressing in a relevant location until a little haptic pop is felt against the finger. Various haptic displays are becoming popular for implementing a new kind of human-computer interaction (HCI) method. A haptic touch screen finds its frequent applications in the mobile phone industry. The touchscreen module included a convenient built-in SD module. Haptic touch works similarly to 3D touch.

These technologies can be used to create virtual objects in a computer simulation to control virtual objects and enhance remote control of machines and devices. Haptic devices may incorporate tactile sensors that measure forces exerted by the user on the interface. Haptic touch essentially works across the iOS 13 operating system and in most of the Apple designed applications, along with some third-party applications. Haptic Touch works a bit slower than 3D touch gestures. Haptic touch is a press and hold sensation while 3D touch is a faster press-with-force kind of gesture.

Global Haptic Touchscreen Market Overview

Increasing penetration of smartphones, increasing demand for touch screens in consumer electronics, and increasing demand for gaming applications are driving the growth of the Haptic Touchscreen Market. Nowadays people have adopted using the touch screen devices such as media players and home appliances which are easy to use and offer some advanced features user don’t need to switch the button after using the home appliance device you can set the timer after that time the device will automatically be switched off which has also increased the demand for sensor technologies.

Moreover, increasing the use of applications in new industries such as medicine, digital advertising, etc, increasing new product development, and increasing the investment in R&D activities are providing growth opportunities to the market. The government has a plan of installing haptic touchscreen machines for a voting system which is also a good opportunity for the market. Various companies are launching new products with haptic touchscreen technology for example in April 2020 Sony announced the launch of its Dual Sense gaming controller with haptic feedback for the upcoming playstation5.

However, high power consumption of devices and technical limitations can hamper the growth of the market. Haptic touchscreen devices involve complex designing because they require precision of touch which causes certain technical limitations such as handset design issues and touch screen size issues etc. which can negatively affect the growth of the market.

Global Haptic Touchscreen MarketSegmentation Analysis

The Global Haptic Touchscreen Market is segmented on the basis of Component, Feedback Type, Application, and Geography.

Haptic Touchscreen Market, By Component

• Software
• Hardware
• Services

Based on Component, the market is bifurcated into Software, Hardware, and Services. The Software segment accounted for the largest market share due increasing adoption of haptic touch screens in electronic devices and offers several benefits such as pre-defined built-in-tactile effects and the ability to add features to improve device performance.

Haptic Touchscreen Market, By Feedback Type

• Tactile
• Force

Based on Feedback Type, the market is bifurcated into Tactile and Force. The tactile segment accounted for the largest market share due to shifting consumer preference towards a stimulating experience while using smartphones and it allows user to personalize various types of messaging alerts and other notifications on their mobile phones.

Haptic Touchscreen Market, By Application

• Consumer Electronics
• Automotive
• Healthcare
• Others

Based on Application, the market is bifurcated into Consumer Electronics, Automotive, Healthcare, and Others. The Consumer Electronics segment dominated the highest market share due to increasing the integration of haptic into various consumer electronic devices such as tablets, smartphones, and wearable devices and increasing the living standard.

Haptic Touchscreen Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Haptic Touchscreen Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific held the largest revenue share and is expected to maintain the lead throughout the forecast period owing to the growing demand for consumer electronics such as laptops, mobile phones, tablets, and others and increasing living standards and rising disposable income. China is home to many leading smartphone companies such as Oppo, Vivo, etc.

Key Players

The “Global Haptic Touchscreen Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Immersion Corp, Precision Microdrives Ltd, Densitron Technologies, AAC Technologies Holdings, Haption SA, Tactus Technology, Johnson Electric Group, Texas Instruments, 3D Systems, and Maxim Integrated Products. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Haptic Touchscreen Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Haptic Touchscreen Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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