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Press Release:

Global Haptic Technology Market to Grow at 14.4% During 2022-2027, Propelled by Increasing Sales of Touch-Enabled Consumer Electronics

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Haptic Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global haptic technology market reached a value of US$ 8.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2027, exhibiting a CAGR of 14.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Haptic technology, or kinesthetic communication, refers to virtual and mixed reality solutions that offer multi-model experiences by engaging sight, sound and touch. It involves technology that uses physical feedback and pressure sensitivity to operate through various devices, such as actuators, haptic drives and microcontroller units. The haptic actuators are electronic devices that convert electric signals to vibrations that can be sensed by the user operating the device. This technology is commonly used for creating and controlling virtual objects, game consoles, surgical equipment and wearable devices, and to enhance the efficiency of remote-controlled machines and telerobots.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Significant growth in the consumer electronics sector, along with the increasing adoption of haptic technology solutions for improved scalability of devices, are among the key factors creating a positive impact on the market. The widespread adoption of haptics in smart-phones, tablets, media players, home appliances and virtual interfaces for enhanced sound, touch and visual effects have facilitated improvements in product designs and operational efficiencies. Furthermore, increasing utilization of haptic technology in gaming applications is also driving the market growth. Gaming input devices, such as operating consoles and joysticks, use the technology to provide different intensities of vibrations and mechanical signals, thereby providing immersive user experience. Additionally, the growing usage of 3D-touchscreen displays in automobiles and medical electronics is contributing to the growth of the market. Other factors, including the proliferation of haptics in robotics, manufacturing and industrial automation, along with the development of efficient tools and devices for visually-impaired individuals, are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global haptic technology market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, feedback, technology and application.

Breakup by Component:

 

 
 

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  • 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:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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 and Ultrahaptics.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Feedback, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Ultrahaptics
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Haptic Technology Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Actuators
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Drivers and Controllers
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Software
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Feedback
    7.1    Tactile
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Force
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Technology
    8.1    Captive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Resistive
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Application
    9.1    Automotive and Transportation
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Consumer Electronics
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Education and Research
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Gaming
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Healthcare
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Engineering
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    3d Systems Corporation
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Haption
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Immersion Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
        15.3.4    Johnson Electric Holdings Limited
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Microchip Technology Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials 
           15.3.5.4 SWOT Analysis
        15.3.6    ON Semiconductor Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
           15.3.6.4 SWOT Analysis
        15.3.7    Precision Microdrives Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
        15.3.8    Senseg Oy (O-film Global HK Trading Limited)
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    SMK Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials 
        15.3.10    Synaptics Incorporated
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials 
        15.3.11    Tactus Technology Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
        15.3.12    Texas Instruments Incorporated
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials
        15.3.13    Ultrahaptics
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio 

 
List of Figures

Figure 1: Global: Haptic Technology Market: Major Drivers and Challenges
Figure 2: Global: Haptic Technology Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Haptic Technology Market: Breakup by Component (in %), 2021
Figure 4: Global: Haptic Technology Market: Breakup by Feedback (in %), 2021
Figure 5: Global: Haptic Technology Market: Breakup by Technology (in %), 2021
Figure 6: Global: Haptic Technology Market: Breakup by Application (in %), 2021
Figure 7: Global: Haptic Technology Market: Breakup by Region (in %), 2021
Figure 8: Global: Haptic Technology Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Haptic Technology (Actuators) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Haptic Technology (Actuators) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Haptic Technology (Drivers and Controllers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Haptic Technology (Drivers and Controllers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Haptic Technology (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Haptic Technology (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Haptic Technology (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Haptic Technology (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Haptic Technology (Tactile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Haptic Technology (Tactile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Haptic Technology (Force) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Haptic Technology (Force) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Haptic Technology (Captive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Haptic Technology (Captive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Haptic Technology (Resistive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Haptic Technology (Resistive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Haptic Technology (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Haptic Technology (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Haptic Technology (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Haptic Technology (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Haptic Technology (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Haptic Technology (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Haptic Technology (Education and Research) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Haptic Technology (Education and Research) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Haptic Technology (Gaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Haptic Technology (Gaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Haptic Technology (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Haptic Technology (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Haptic Technology (Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Haptic Technology (Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Haptic Technology (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Haptic Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia Pacific: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia Pacific: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Haptic Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Haptic Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Haptic Technology Industry: SWOT Analysis
Figure 90: Global: Haptic Technology Industry: Value Chain Analysis
Figure 91: Global: Haptic Technology Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Haptic Technology Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Haptic Technology Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Haptic Technology Market Forecast: Breakup by Feedback (in Million US$), 2022-2027
Table 4: Global: Haptic Technology Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Haptic Technology Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Haptic Technology Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Haptic Technology Market Structure
Table 8: Global: Haptic Technology Market: Key Players


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Key Questions Answered in This Report

The global haptic technology market was valued at US$ 8.1 Billion in 2021.

We expect the global haptic technology market to exhibit a CAGR of around 14.4% during 2022-2027.

The increasing adoption of haptic technology in numerous gaming applications with AR/VR enabled
devices to provide immersive gaming experiences is primarily driving the global haptic technology
market.

The sudden outbreak of the COVID-19 pandemic has led to the rising popularity of haptic technology
due to the high penetration of robotics and automated solutions across diverse industries to combat the
risk of coronavirus infection upon human interaction.

Based on the component, the global haptic technology market can be segmented into actuators, drivers
and controllers, software, and others. Currently, actuators hold the majority of the total market share.

Based on the feedback, the global haptic technology market has been divided into tactile and force,
where tactile exhibits a clear dominance in the market.

Based on the application, the global haptic technology market can be categorized into automotive and
transportation, consumer electronics, education and research, gaming, healthcare, engineering, and
others. Among these, the consumer electronics industry represents the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global haptic technology market include 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, and
Ultrahaptics.

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