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Haptic Technology Market

Global Haptic Technology Market Size, Growth, Analysis: By Technology: Resistive Technology, Captive Technology, Others; By Component: Microcontrollers, Drivers, Actuators, Software, Others; By Feedback: Force, Tactile; By Application: Automotive and Transportation, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Haptic Technology Market Outlook

The global haptic technology market witnessed a healthy growth in the historical period of 2018-2023 aided by the rising demands for consumer electronic devices. The market is expected to grow at a CAGR of 14% during the forecast period of 2024-2032.

 

Global Haptic Technology Market

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Asia Pacific Expected to hold a Major Share of Global Haptic technology Market

With growing digitization and increasing penetration and usage of internet enabled devices, the demand for haptic technologies is expected to grow in the coming years, especially in the Asia Pacific region. Additionally, technological advancements are expected to drive the haptic technology market forward. Early adoption of technology and rapid advancements in the field have provided impetus to the market growth in the region. Furthermore, research and development activities across the globe and the drive to develop newer applications for haptic technology are expected to drive the industry forward. Changing lifestyles coupled with an increasing demand for touchscreens for enhanced consumer experience is expected to bolster market growth.

 

Haptic Technology: Market Segmentation

Haptic technology recreates the sense of touch through vibration or other means. It acts as an interface between the user and the connected device, providing tactile, or force feedback to the users. Haptics find wide applications, and is known to enhance user experience by engaging sound, light, and touch, especially in joysticks, controllers, and steering wheels in video games.

 

Global Haptic Technology Market By Component

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On the basis of technology, the market can be bifurcated into:

  • Resistive Technology
  • Captive Technology
  • Others

Based on component, the industry is being segmented into:

  • Microcontrollers
  • Drivers
  • Actuators
  • Software
  • Others

By feedback, the market is bifurcated into:

  • Force
  • Tactile

Based on application, the market is divided into:

  • Automotive and Transportation
  • Consumer Electronics
  • Education and Research
  • Healthcare
  • Engineering
  • Gaming
  • Others

The regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Haptic Technology Market By Region

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Increasing Demand for Consumer Electronics Devices Driving the Market Growth

Rapidly growing demands for consumer electronics devices, like smartphones, tablets, home appliances, and the need for product differentiation are driving the global haptic technology market forward. As new industries are joining the market, there have been a rise in new technologies and improvements in the existing structures of haptic technologies, taking the market forward. Moreover, increasing demand for gaming applications is acting as a catalyst to market growth. The adoption of haptic technology structures in the medical sector to train doctors in various surgical procedures is providing impetus to the market. Moreover, adoption of technologies like internet of things (IoT) are expected to drive the market forward.

 

Key Industry Players in the Global Haptic technology Market

The report gives a detailed analysis of the following key players in the global haptic technology market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Immersion Corporation
  • Johnson Electric Holdings Limited
  • Force Dimension
  • 3D Systems, Inc.
  • Ultraleap Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Component
  • Feedback
  • Application
  • Region
Breakup by Technology
  • Resistive Technology
  • Captive Technology
  • Others
Breakup by Component
  • Microcontrollers
  • Drivers
  • Actuators
  • Software
  • Others
Breakup by Feedback
  • Force
  • Tactile
Breakup by Application
  • Automotive and Transportation
  • Consumer Electronics
  • Education and Research
  • Healthcare
  • Engineering
  • Gaming
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Immersion Corporation
  • Johnson Electric Holdings Limited
  • Force Dimension
  • 3D Systems, Inc.
  • Ultraleap Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Haptic Technology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Haptic Technology Historical Market (2018-2023) 
    8.3    Global Haptic Technology Market Forecast (2024-2032)
    8.4    Global Haptic Technology Market by Technology
        8.4.1    Resistive Technology
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Captive Technology
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Haptic Technology Market by Component
        8.5.1    Microcontrollers
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Drivers
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Actuators
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Software
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Haptic Technology Market by Feedback
        8.6.1    Force
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Tactile
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Haptic Technology Market by Application
        8.7.1    Automotive and Transportation
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Consumer Electronics
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Education and Research
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Healthcare
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Engineering
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Gaming
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Others 
    8.8    Global Haptic Technology Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Haptic Technology Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Haptic Technology Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Haptic Technology Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Haptic Technology Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Haptic Technology Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Immersion Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Johnson Electric Holdings Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Force Dimension
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    3D Systems, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Ultraleap Limited
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Haptic Technology Market: Key Industry Highlights, 2018 and 2032
2.    Global Haptic Technology Historical Market: Breakup by Technology (USD Billion), 2018-2023
3.    Global Haptic Technology Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4.    Global Haptic Technology Historical Market: Breakup by Component (USD Billion), 2018-2023
5.    Global Haptic Technology Market Forecast: Breakup by Component (USD Billion), 2024-2032
6.    Global Haptic Technology Historical Market: Breakup by Feedback (USD Billion), 2018-2023
7.    Global Haptic Technology Market Forecast: Breakup by Feedback (USD Billion), 2024-2032
8.    Global Haptic Technology Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Haptic Technology Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Haptic Technology Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Haptic Technology Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Haptic Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Haptic Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Haptic Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Haptic Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Haptic Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Haptic Technology Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 14% between 2024 and 2032.

The major drivers of the market include increasing digitisation, and the rising demands for consumer electronics devices.

The key trends guiding the growth of the market include the increasing rural penetration of internet in emerging economies and rapid improvements in technologies.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The leading technologies in the market are resistive technology and captive technology, among others.

The significant components in the market are microcontrollers, drivers, actuators, and software, among others.

The major feedbacks include force and tactile.

The various applications in the market are automotive and transportation, consumer electronics, education and research, healthcare, engineering, and gaming, among others.

The key players in the global haptic technology market are Immersion Corporation, Johnson Electric Holdings Limited, Force Dimension, 3D Systems, Inc., and Ultraleap Limited, among others.

Analyst Review

The global haptic technology market is being driven by rising demands for consumer electronics devices. Aided by technological advancements, the market is expected to grow at a CAGR of 14% in the forecast period of 2024-2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By technology, the market is bifurcated into resistive technology, captive technology, among others. Based on component, the market is divided into microcontrollers, drivers, actuators, and software, among others. On the basis of feedback, the market is divided into force, and tactile. Based on application, the industry is majorly divided into automotive and transportation, consumer electronics, education and research, healthcare, engineering, and gaming, among others. The major regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Immersion Corporation, Johnson Electric Holdings Limited, Force Dimension, 3D Systems, Inc., and Ultraleap Limited among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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