Haptic Technology Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson Marketing Manager

Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Haptic Technology Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Haptic Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028

," the global haptic technology market size reached US$ 9.1 Billion in 2022.

Haptic technology refers to the virtual and mixed reality solutions that engage sight, sound, and touch to provide multi-modal experience to users. It acts as an interface between the user and connected devices, such as tablets and smartphones, by using sensors to measure the physical feedback and pressure sensitivity. It is widely used in joysticks, controllers and steering wheels for enhancing the overall user experience in video games.

Apart from this, it is also used for controlling surgical equipment and wearable devices and improving the efficiency of remote-controlled machines and telerobots.

Request for a PDF sample of this report: https://www.imarcgroup.com/haptic-technology-market/requestsample

Global Haptic Technology Market Trends:

The market is primarily driven by the increasing uptake of consumer electronic devices across the globe, along with the escalating sales of touch-enabled home appliances. Haptic technology is widely utilized in most of these electronics due to its ability to provide tactile feedback to users. Its use also offers enhanced sound, touch and visual effects that result in improved operational efficiencies. Apart from this, this technology is also extensively adopted for numerous gaming applications and augmented reality (AR)-enabled devices. Several hardware devices, including joystick and controllers, are equipped with haptics to enable convenient manipulation of virtual avatars when integrated with virtual reality (VR). This, along with the rising need for immersive gaming experiences and the increasing penetration of high-speed internet on the global level, is providing an impetus to the market growth. Furthermore, these solutions are now extensively integrated with 3D-touchscreen displays in medical electronics and automobiles. There has also been an increase in the adoption of haptics in robotics and certain devices designed for visually-impaired individuals, which, in turn, is acting as another major growth inducing factor. The widespread utilization of the internet of things (IoT) across industries and the growing integration of adaptive triggers with haptics are some of the other factors driving the market further.

Looking forward, the market is expected to grow at a CAGR of 11.9% during 2023-2028.

Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

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

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• 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

• Ultrahaptics

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?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/haptic-technology-market/toc

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2022 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.