Global Haptic Technology Market Size By Component (Actuators, Drivers and Controllers), By Feedback (Tactile and Force), By Application (Consumer Electronics, Gaming, Healthcare), By Geographic Scope And Forecast

Haptic Technology Market Size And Forecast

Haptic Technology Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 8.73 Billion by 2031, growing at a CAGR of 12.10% during the forecast period 2024-2031.

The increasing use of consumer electronic devices in smartphones, tablets, and other wearable devices is one of the main factors for the demand for haptic technology. The Global Haptic Technology 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 Technology Market Definition

So, "haptic" comes from a Greek word meaning something like 'able to touch' or just anything about the sense of touch. Basically, haptic technology is all about recreating that sense of touch through things like vibration. Believe it or not, this tech has been around for a while! One of the earliest uses was in big airplanes, where the flight controls used servomechanism systems—these were designed to correct errors. But the original servo systems couldn't really "tell" the pilot about dangers outside the plane. Later on, they added weights and springs that could send vibrations right to the pilot's hand through the controls whenever the system detected a threat.

So, how does haptic tech work? Basically, it uses sensors to "feel" how hard you're pressing on a screen or controller, and then it sends feedback right back to you! It's getting super popular, because everyone wants it in their gadgets. You'll find it in almost all smartphones and tablets these days. Plus, it's showing up in more and more laptops and is getting bigger in gaming consoles. These little things called haptic actuators are the key - they turn electrical signals into the buzzes and vibrations you feel. Think about it – this tech helps us create and control stuff in virtual reality, makes games more immersive, aids in surgery, and is even in wearable devices. It also boosts the performance of machines we control remotely, like robots you might see in movies!

The increasing penetration of the internet of things (IoT) coupled with rural penetration of the internet in emerging economies is boosting the growth of the smartphone, tablets, and laptops market. It positively impacts the growth of the Haptic Technology Market. Additionally, haptic technology is utilized in vehicular electronics and medical electronics among others. Several research institutes and research and development divisions of corporations are focusing to improve haptic systems and developing new applications for haptic technology. Considering all the positive impacts of the above-mentioned factors, the market for haptic technology is rapidly expanding.

Global Haptic Technology Market Overview

The increasing use of consumer electronic devices in smartphones, tablets, and other wearable devices is one of the main factors for the demand for haptic technology. Almost all smartphones and tablets are inbuilt with haptics, and the trend is moving towards their integration into smartwatches and wristbands. Haptic feedback finds applications and acts as a powerful tool in wearable devices like smartwatches, wristbands, and fitness trackers, consisting of faster controls, better battery life, and user-friendly interactions. Haptics in these wearable devices helps to convey information and provide real-life experiences.

You know, haptics is really taking off in smartphones and tablets – it's pretty much everywhere you look now. So, naturally, companies are thinking hard about adding it to their products, weighing the potential benefits against the risks and costs. Interestingly, adding basic haptics (like tactile feedback) to phones and tablets isn't actually that expensive. It's the force-feedback haptics that can get pricey. Those need seriously sophisticated tech, usually with 3, 6, or even 7 degrees of freedom (DoF), to give you that real-time, virtual touch experience. These more advanced systems are mostly used for simulations in fields like medicine, cars, planes, and manufacturing, or even in ergonomic studies. The problem is, these haptic devices can be pretty bulky, which makes them a tough fit for things you want to wear.

Haptic technology, which earlier was limited up to smartphones, tablets, and other consumer devices, is now used in new areas of education and robotics. In robotics, haptic devices such as gloves are used by robot operators to manipulate a robotic hand or other end effectors over a precise control. By using haptic gloves, robot operators can precisely control the robot arms even while sitting miles away from the factory floor. HaptX (US) is one of the largest providers of haptic gloves for robotic applications.

The challenge in the global Haptic Technology Market pertains to the technical challenges faced by the product manufacturers to enable haptic functionality in several devices such as smartphones, tablets, automobile dashboards, and gaming. Haptic technology is a valuable addition that provides user-friendliness and direction to any device, before incorporating haptic feedback into a product, it is imperative to consider which components would best fit into a particular system.

Global Haptic Technology MarketSegmentation Analysis

The Global Haptic Technology Market is segmented on the basis of Component, Feedback, Application, And Geography.

Haptic Technology Market, By Component

• Actuators• Drivers and Controllers• Software• Others

Based on Component, The Market is bifurcated into Actuators, Drivers and Controllers, Software, and Others. The software component type is anticipated to register a high growth rate in the market owing to the increasing application of haptic technology in electronic devices. Furthermore, factors such as ease of application of haptic software in several other applications, such as gaming, wearable devices, and surgical equipment may boost the product demand in the market during the forecast period.

Haptic Technology Market, By Feedback

• Tactile• Force

Based on Feedback, The Market is bifurcated into Tactile and Force. Tactile is expected to witness a significant growth rate in the market during the forecast period owing to changing consumers leaning towards a simulating experience in smartphone experience. In addition, tactile feedback offers features such as the personalization of text alerts and other notifications. This is further expected to drive the Haptic Technology Market growth during the forecast period.

Haptic Technology Market, By Application

• Consumer Electronics• Gaming• Healthcare• Others

Based on the Application, The Market is bifurcated into Consumer Electronics, Gaming, Healthcare, and Others. The gaming segment is estimated to account for the major share of the market during the forecast period on account of factors, such as enhanced real-life experience in gaming consoles and mobile gaming interfaces combined with haptic technology. In addition, haptic-empowered gaming controllers deliver a sense of physicality to several events in a video game, further driving the market growth during the forecast period.

Haptic Technology Market, By Geography

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

Based on Regional Analysis, The Global Haptic Technology Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is estimated to be the leading region in the market owing to increasing consumer spending on technologically-progressive consumer electronic devices. The continuously rising consumer expenditure on current infotainment systems, offering simulated touchscreen displays for enhanced safety and driving experience in passenger cars and commercial vehicles is further expected to drive the market growth over the forecast period.

Key Players

The “Global Haptic Technology Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3D Systems, Aito B.V.,  Force Dimension, Senseg Oy (Finland), Force Dimension (Switzerland), Haption SA (France), Texas Instruments, Inc. (U.S.), Ultrahaptics (U.K), ON Semiconductor Corporation (U.S.), SMK Corporation (Japan), Microchip Technology, Inc. (U.S.), Precision Microdrives, Ltd. (U.K.), IMAGIS Co., Ltd. (South Korea), Haptx Inc. Immersion Corporation, and Synaptics Incorporated (U.S.) The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• November 2020Ultraleap signed an agreement with IPlan Ideas Events and its division, I-plan Ideas Technologies (IPI Tech), a subsidiary of UAE-based Hawas Group, to bring Ultraleap’s hand tracking and mid-air haptic technologies to clients in the UAE. IPI Tech will introduce the technology to a range of sectors, including kiosk makers, retail, advertising and marketing, and cinemas, among others.

• September 2020, Immersion signed a multi-year license renewal with LG Electronics (South Korea) for continued use of TouchSense software and haptic technologies in its mobile devices. LG is expected to continue the use of Immersion haptic software in its entire range of smartphones.

Report Scope

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We'll dive into the market using both numbers and less tangible things, breaking it down by what people can afford and other stuff too. Expect market value figures (in USD Billion) for every little slice of the market. We'll point out the region and segment we think will grow the fastest and be the biggest. Plus, we'll analyze each region, focusing on how much of the product/service they use and what's influencing the market there. You'll get a look at the competition, including market rankings of the big players and what they've been up to in the last five years – new stuff they've launched, partnerships they've made, expansions, and acquisitions. We'll also give you detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for the key players. Get the current and future scoop on the industry, covering growth opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. We'll even use Porter's five forces to really dig deep. We offer insight into the market through the Value Chain. Finally, we’ll paint a picture of the market's dynamics, highlighting upcoming growth opportunities, and we're throwing in 6 months of analyst support after the sale.

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