Haptic Technology Market Trends 2023 | Growth, Share, Size, Demand and Future Scope 2028

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Haptic Technology Market Trends 2023 | Growth, Share, Size, Demand and Future Scope 2028
The global haptic technology market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “Haptic Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global haptic technology market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the haptic technology market?

Report AttributesDetails
Market Size in 2022US$ 9.1 Billion
Market Forecast in 2028US$ 18.5 Billion
Growth rate (2023 to 2028)CAGR of 11.9%
Base Year of the Analysis2022
Forecast Period2023-2028

What is haptic technology?

Haptic technology uses virtual and mixed-reality solutions that utilize the senses of sight, sound, and touch to create a multi-modal user experience. It uses sensors to measure physical feedback and pressure sensitivity as an interface between users and connected devices, such as smartphones and tablets. It is commonly used in joysticks, controllers, and steering wheels to enhance the user experience in video games. At present, haptic technology finds extensive applications in surgical equipment, wearable devices, remote-controlled machines, and telerobots to improve their efficiency across the globe.

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What are the growth prospects and trends in the haptic technology industry?

The global haptic technology market is primarily driven by increasing product adoption to improve the scalability of devices. Moreover, the rising use of haptic technology in smartphones, tablets, home appliances, and virtual interfaces to enhance the sound, touch, and visual effects of products while improving operational efficiencies and designs is positively influencing market growth. Additionally, the increasing utilization of haptic technology in gaming applications has catalyzed market growth. Furthermore, the widespread adoption of 3D touchscreen displays in automobiles and medical electronics is contributing to market growth. Other factors, including the development of efficient tools and devices for visually impaired individuals, the proliferation of haptics in robotics, and rapid growth in the consumer electronics industry, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2354&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions 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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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