Status : Published | Published On : Jan, 2024 | Report Code : VRSME9129 | Industry : Semiconductor & Electronics | Available Format :
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The Global Haptic Technology Market is projected to experience significant growth, with a predicted market size of USD 10.5 billion by 2030, compared to USD 4.2 billion in 2023. This represents a robust compound annual growth rate (CAGR) of 12.5% throughout the forecast period. Haptic technology enables immersive three-dimensional communication by delivering sensory experiences through pressure, motion, or vibration. It has diverse applications, including the creation of virtual objects, enhancement of control devices, and numerous other uses in the electronics industry. Haptic technology finds extensive utilization in wearables, game controllers, phones, virtual reality, the automotive sector, and various other fields. The market's expansion can be attributed to the increasing integration of technology in consumer electronics products and touch-enabled home appliances. With the assistance of haptic technology's vibration feedback, users can enhance the accuracy of touchscreens, improving their overall user experience.
The adoption of touch screens in devices like media players and home appliances to provide users with a positive experience is propelling the market growth of the haptic technology industry. Haptic Technology Market is also anticipated to grow as consumers seek more gaming technology for better gaming experiences. Since the definition of haptic is "able to contact," technology played a role in the development of the sense of touch. Large aircraft are deploying haptic technology, which is used to give negative feedback when it detects errors. The Haptic Technology identified the error or risk. The market for haptic technology is expanding more quickly and has a wider range of applications.
The market for haptic technology is expected to increase as a result of the expanding trend of technological integration in augmented reality-enabled devices and gaming consoles. Haptic technology is used in gaming input devices like joysticks and remote consoles to produce various vibration intensities that improve the user experience. One of the main elements driving market demand is the haptics’ capacity to simulate the user's feeling of touch by producing mechanical signals.
The COVID-19 pandemic has led to decline in the growth of haptic technology market owing to disruption in production and supply chain, shut down of government and private sectors, lockdown and social distancing norms, and lack of labor force. This has led to sharp decline in the sales of consumer electronics, touchscreen devices, and automobile industry, thereby affecting the manufacturing process of the haptic technology.
Software category is anticipated to grow at a high CAGR during the forecast period as it offers various advantages like pre-defined built-in tactile effects and adding features to enhance device performance, thereby propelling segment growth. Furthermore, increased adoption in electronic devices, gaming applications, surgical equipment’s, wearable devices will drive market revenue for haptic technology. To create high-quality haptic interactions, the virtualization software must have performance-oriented features. Due to advancements in consumer electronics technology and an increase in the popularity of haptic-enabled devices, the software category is predicted to expand rapidly over the projection period.
The tactile feedback category dominates the global haptic technology market as it offers customers to personalize their messaging alerts and other notifications on smartphones, resulting in positive impact on the haptic technology. Moreover, increased demand from consumers to have a simulating experience while using smartphones and deployment in IoT-enabled devices like wristbands and smart watches will help consumers to keep track of their health, thereby driving the market growth.
Consumer devices dominate the haptic technology market owing to rising demand for consumer electronic devices like home appliances, laptops, tablets, smartphones, etc. Haptic technology is highly adopted in gaming consoles like Xbox, PlayStation, etc. as it offers a sense of touch and provides real-time experience, thus acting as a catalyst to market growth. Haptic feedback is used and serves as an important tool in wearable devices such as smartwatches and fitness trackers, allowing for faster operation, longer battery life, and easier-to-use activities. These wearable gadgets use haptics to communicate information and deliver realistic user experiences.
Report Metric |
Details |
Historical Period |
2020 - 2024 |
Base Year Considered |
2025 |
Forecast Period |
2026 - 2035 |
Market Size in 2025 |
U.S.D. 4.2 Billion |
Revenue Forecast in 2035 |
U.S.D. 10.5 Billion |
Growth Rate |
12.5% |
Segments Covered in the Report |
By Component, By Feedback Type, and By Application |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Rising Demand for Smartphones with Simulated User Experiences
The global demand for smartphones, laptops, and tablets has witnessed a significant surge due to the proliferation of loT devices worldwide. This growth has also had a positive impact on the Haptic Technology Market Size, as haptic technology integrated into smartphones and tablets enhances the tactile user experience. Furthermore, the increasing reliance on electronic gadgets such as smartphones, tablets, digital watches, notepads, headphones, and earphones has fueled the demand for energy-storing devices. According to the Global System for Mobile Communications (GSMA) Association, it is projected that by 2025, there will be approximately 5.9 billion unique customers worldwide. The adoption of haptic technologies in the electronics industry, which offer improved touchscreen, audio, and visual effects in touch applications, is expected to be accelerated.
Moreover, the automobile industry has witnessed notable benefits from the implementation of haptic technology, leading to an increased demand for highly advanced vehicles. These vehicles incorporate top-notch safety measures, cutting-edge technology, and haptic technology features. Consequently, the Haptic Technology Market Trend is on the rise, driven by the growing demand in the automotive sector. Anticipating the positive impact of haptic solutions, numerous institutions and research facilities are upgrading their haptic technologies, which will further propel the demand for haptic technology in the coming years.
High Cost of Force Feedback Haptic Devices
The cost of using haptic technology is not prohibitive, but force-feedback haptic devices are more expensive than tactile feedback haptic devices, and this has significantly hampered the market for haptic technology. Force haptic feedback technology is available in 3 DoF, 7 DoF, and 6 DoF, and it provides consumers with a virtual haptic sensation in real-time for a variety of applications. Many industries, including the automotive, medical, aerospace, and other manufacturing businesses, use force-feedback haptic devices. The size of these gadgets makes them problematic for wearable technology.
Furthermore, technological challenge witnessed by the manufacturers that adopts haptic technology in devices like gaming controllers, smartphones, automobile, tablets, etc. Haptic technology enhances user experience and offers user-friendliness to the device. But it becomes difficult for the manufacturers to decide which element will fit in a particular system.
Also, this technology's high switching costs may make it unaffordable for many businesses. This serves as a significant barrier to adoption in several application categories. The use of haptic technology in smartphones and other portable electronics devices is being hampered by power consumption haptic technology-based products.
The increased adoption of haptic technology in education and robotic applications along with rising demand for the holographic display industry will offer lucrative opportunities for haptic technology market growth. Robots can handle a robotic hand and other objects with full control by using haptic technology, such as gloves. The robots can effortlessly manage robotic arms with the aid of haptic technologies. The market is expanding as a result of the expanding use of 3D touchscreen displays in automotive and medical devices.
APAC is anticipated to have largest market growth during the forecast period owing to the presence of well-established manufacturers and increased adoption in emerging economies like China and India. Moreover, the robust growth in digitalization and increased penetration of internet-enabled devices, and technological development will accelerate the haptic technology’s market growth. Also, the increased R&D activities, increased need to develop novel applications of haptic technology, the shift in lifestyles, and rising demand for touchscreens to augment consumer experience will propel the region’s market growth forward.
The market for haptic technology is fragmented as there are many industry players globally. Some of the manufacturers are MNCs and have production and sales base in several regions. Furthermore, increased investment and R&D activities have led to product innovation and product launches in the haptic technology industry. In addition, the industry players are entering into partnerships, M&A with domestic players so as to expand their geographical base in the merging countries.
Human-machine interfaces are being redefined by haptic technology, which makes them more comfortable, familiar, and natural. Immersion, a well-known haptic leader, continues to innovate as the power of touch has a significant impact on customers and the industry. The haptic technology from Immersion provides the strong APIs, high-quality performance, and simple integration required to produce sophisticated tactile effects across applications and hardware configurations. Through the use of their technology, consumers can have realistic digital touch feedback in mobile, automobile, gaming, etc. They offer a wide range of products for device makers, haptic hardware firms, designers, and developers, including use cases, software, tools, and services.
The plug-and-play haptic module from Ultraleap is a simple solution for integrating virtual touch and upgrading products. The smart approach to quickly advance out-of-home entertainment, advertising, and retail is STRATOS Inspire. This bolt-on module adds touchless haptics to current installations and is designed for quick deployment and public use.
Immersion Corporation which a leading developer and provider of patents for haptics has renewed a license with Samsung Electronics Co. to continue to make Immersion’s patents available to Samsung and its affiliates.
TDK Corporation presents two new varistor series in SMD design. The types of both series are available for a wide range of operating voltages from 175 VRMS to 460 VRMS, corresponding to 225 VDC to 615 VDC. While the B72210M* series of surge devices, which are equivalent to S14 leaded disk varistors, offers a surge current capability of 6000 A, the B72214M* series types, which are equivalent to S20 leaded disk varistors, have a high surge current capability of 10,000 A. These types are designed for a high operating temperature of a maximum of +125 °C and extremely damp heat environment (85% relative humidity at +85 °C).
Some of the prominent players in the Haptic Technology Industry include Texas Instruments Incorporated, Immersion, Johnson Electric Holdings Limited, Precision Microdrives, Microchip Technology Inc., AAC Technologies, TDK Corporation, Synaptics Incorporated, Ultraleap, and SMK CORPORATION.
The Haptic Technology Market research includes a comprehensive market segmentation analysis as well as projections for the analysis period 2025-2030.
Segments Covered in the Report
Region Covered in the Report
Rest of the World (RoW)
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1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Component
1.2.2. By Feedback Type
1.2.3. By Application
1.2.4. By Region
1.3. Research Phases
1.4. Limitations
1.5. Research Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Component
5.1.1. Hardware
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Software
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.2. By Feedback Type
5.2.1. Tactile Feedback
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Force Feedback
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.3. By Application
5.3.1. Healthcare
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Consumer Devices
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Automotive & Transportation
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Commercial & Industrial
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Education & Research
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
5.3.6. Others
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Component
6.2. By Feedback Type
6.3. By Application
6.4. By Country
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Component
7.2. By Feedback Type
7.3. By Application
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Russia Market Estimate and Forecast
7.4.7. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Component
8.2. By Feedback Type
8.3. By Application
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Component
9.2. By Feedback Type
9.3. By Application
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. U.A.E. Market Estimate and Forecast
9.4.5. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Texas Instruments Incorporated
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Immersion
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Johnson Electric Holdings Limited
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Precision Microdrives
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Microchip Technology Inc.
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. AAC Technologies
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. TDK Corporation
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Synaptics Incorporated
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Ultraleap
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. SMK CORPORATION
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Components
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Haptic Technology Market, By Component, 2018 - 2023 (USD Billion)
Table 5 Global Haptic Technology Market, By Component, 2025 - 2030 (USD Billion)
Table 6 Global Haptic Technology Market, By Feedback Type, 2018 - 2023 (USD Billion)
Table 7 Global Haptic Technology Market, By Feedback Type, 2025 - 2030 (USD Billion)
Table 8 Global Haptic Technology Market, By Application, 2018 - 2023 (USD Billion)
Table 9 Global Haptic Technology Market, By Application, 2025 - 2030 (USD Billion)
Table 10 Global Haptic Technology Market, By Region, 2018 - 2023 (USD Billion)
Table 11 Global Haptic Technology Market, By Region, 2025 - 2030 (USD Billion)
Table 12 North America Haptic Technology Market, By Component, 2018 - 2023 (USD Billion)
Table 13 North America Haptic Technology Market, By Component, 2025 - 2030 (USD Billion)
Table 14 North America Haptic Technology Market, By Feedback Type, 2018 - 2023 (USD Billion)
Table 15 North America Haptic Technology Market, By Feedback Type, 2025 - 2030 (USD Billion)
Table 16 North America Haptic Technology Market, By Application, 2018 - 2023 (USD Billion)
Table 17 North America Haptic Technology Market, By Application, 2025 - 2030 (USD Billion)
Table 18 North America Haptic Technology Market, By Region, 2018 - 2023 (USD Billion)
Table 19 North America Haptic Technology Market, By Region, 2025 - 2030 (USD Billion)
Table 20 Europe Haptic Technology Market, By Component, 2018 - 2023 (USD Billion)
Table 21 Europe Haptic Technology Market, By Component, 2025 - 2030 (USD Billion)
Table 22 Europe Haptic Technology Market, By Feedback Type, 2018 - 2023 (USD Billion)
Table 23 Europe Haptic Technology Market, By Feedback Type, 2025 - 2030 (USD Billion)
Table 24 Europe Haptic Technology Market, By Application, 2018 - 2023 (USD Billion)
Table 25 Europe Haptic Technology Market, By Application, 2025 - 2030 (USD Billion)
Table 26 Europe Haptic Technology Market, By Region, 2018 - 2023 (USD Billion)
Table 27 Europe Haptic Technology Market, By Region, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific Haptic Technology Market, By Component, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific Haptic Technology Market, By Component, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific Haptic Technology Market, By Feedback Type, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific Haptic Technology Market, By Feedback Type, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific Haptic Technology Market, By Application, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific Haptic Technology Market, By Application, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific Haptic Technology Market, By Region, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific Haptic Technology Market, By Region, 2025 - 2030 (USD Billion)
Table 36 RoW Haptic Technology Market, By Component, 2018 - 2023 (USD Billion)
Table 37 RoW Haptic Technology Market, By Component, 2025 - 2030 (USD Billion)
Table 38 RoW Haptic Technology Market, By Feedback Type, 2018 - 2023 (USD Billion)
Table 39 RoW Haptic Technology Market, By Feedback Type, 2025 - 2030 (USD Billion)
Table 40 RoW Haptic Technology Market, By Application, 2018 - 2023 (USD Billion)
Table 41 RoW Haptic Technology Market, By Application, 2025 - 2030 (USD Billion)
Table 42 RoW Haptic Technology Market, By Region, 2018 - 2023 (USD Billion)
Table 43 RoW Haptic Technology Market, By Region, 2025 - 2030 (USD Billion)
Table 44 Snapshot – Texas Instruments Incorporated
Table 45 Snapshot – Immersion
Table 46 Snapshot – Johnson Electric Holdings Limited
Table 47 Snapshot – Precision Microdrives
Table 48 Snapshot – Microchip Technology Inc.
Table 49 Snapshot – AAC Technologies
Table 50 Snapshot – TDK Corporation
Table 51 Snapshot – Synaptics Incorporated
Table 52 Snapshot – Ultraleap
Table 53 Snapshot – SMK CORPORATION
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Components for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Haptic Technology Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Haptic Technology Market Highlight
Figure 12 Global Haptic Technology Market, By Component, 2018 - 2030 (USD Billion)
Figure 13 Global Haptic Technology Market, By Feedback Type, 2018 - 2030 (USD Billion)
Figure 14 Global Haptic Technology Market, By Application , 2018 - 2030 (USD Billion)
Figure 15 Global Haptic Technology Market, By Region, 2018 - 2030 (USD Billion)
Figure 16 North America Haptic Technology Market Highlight
Figure 17 North America Haptic Technology Market, By Component, 2018 - 2030 (USD Billion)
Figure 18 North America Haptic Technology Market, By Feedback Type, 2018 - 2030 (USD Billion)
Figure 19 North America Haptic Technology Market, By Application , 2018 - 2030 (USD Billion)
Figure 20 North America Haptic Technology Market , By Region, 2018 - 2030 (USD Billion)
Figure 21 Europe Haptic Technology Market Highlight
Figure 22 Europe Haptic Technology Market, By Component, 2018 - 2030 (USD Billion)
Figure 23 Europe Haptic Technology Market, By Feedback Type, 2018 - 2030 (USD Billion)
Figure 24 Europe Haptic Technology Market, By Application , 2018 - 2030 (USD Billion)
Figure 25 Europe Haptic Technology Market, By Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Haptic Technology Market Highlight
Figure 27 Asia-Pacific Haptic Technology Market, By Component, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Haptic Technology Market, By Feedback Type, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Lithium-Ion Battery Market, By Application , 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Haptic Technology Market, By Region, 2018 - 2030 (USD Billion)
Figure 31 RoW Haptic Technology Market Highlight
Figure 32 RoW Haptic Technology Market, By Component, 2018 - 2030 (USD Billion)
Figure 33 RoW Haptic Technology Market, By Feedback Type, 2018 - 2030 (USD Billion)
Figure 34 RoW Haptic Technology Market, By Application , 2018 - 2030 (USD Billion)
Figure 35 RoW Haptic Technology Market, By Region, 2018 - 2030 (USD Billion)
Global Haptic Technology Market Coverage
Component Insight and Forecast 2025-2030
Feedback Type Insight and Forecast 2025-2030
Application Insight and Forecast 2025-2030
Geographical Segmentation
Haptic Technology Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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