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    Haptic Technology Market Report

    Haptic Technology Market Report
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    Haptic Technology Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...

    Impact of COVID-19 on Haptic Technology Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Haptic Technology Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Haptic Technology Market is likely to witness a CAGR of 6.8% during the forecast period. Major factors contributing to the growth of the market are growing utilization of haptic technology in mobiles, cars and IoT appliances to achieve improved product design and operating accuracy along with several benefits offered by it, such as greater sound, touch, and visual effects in touchscreen devices.

    Haptic Technology Market – Snapshot

    Growth

    6.8% for the next five years

    Major Feedback Type

    Tactile

    Major Component Type

    Software

    Leading Application Type

    Gaming

    Region with the highest demand

    Europe

    Key Players

    3D Systems, Aito B.V., Force Dimension, Haption S.A., Haptx Inc., Immersion Corporation, On Semiconductors, SENSEG OY, Texas Instruments Inc., Ultrahaptics (Ultraleap).

    Segments' Analysis

    Haptic-Technology-Market-Dominant-Segments

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    Haptic Technology Market Share: By Feedback Type

    Based on the feedback type, the market is segmented as tactile and force. Tactile is expected to witness significant growth rate in the market during the forecast period owing to changing consumer leaning towards a simulating experience in smartphone experience. In addition, tactile feedback offers features such as personalization of text alerts and other notifications. This is further expected to drive the haptic technology market growth during the forecast period. 

    Haptic Technology Market Share: By Component Type

    Based on the component type, the market is segmented as actuators, drivers & controllers, and software. The software component type is anticipated to register high growth rate in the market owing to increasing application of haptic technology in electronic devices. Furthermore, factors such as ease of application of haptic software in several other applications, such as gaming, wearable devices, and surgical equipment is expected to boost the product demand in the market during the forecast period.

    Haptic Technology Market Share: By Application Type

    Based on the application type, the market is segmented as consumer electronics, gaming, automotive, healthcare, and robotics. The gaming segment is estimated to account for the major share of the market during the forecast period on account of factors, such as enhanced real-life experience in gaming consoles and mobile gaming interfaces combined with haptic technology. In addition, haptic-empowered gaming controllers deliver a sense of physicality to several events in a video game, further driving the market growth during the forecast period.   

    Haptic Technology Market Share: By Region

    In terms of regions, Europe is estimated to be the leading region in the market owing to increasing consumer spending on technologically-progressive consumer electronic devices. The continuously rising consumer expenditure on current infotainment systems, offering simulated touchscreen displays for enhanced safety and driving experience in passenger cars and commercial vehicles is further expected to drive the market growth over the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Haptic-Technology-Market-By-Region

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    Market Scope & Segmentation

    Haptic Technology refers to the science and technology of transmitting and understanding the information via touch. The main aim of haptic technology is to simulate the sensation of touch with different mechanisms.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Haptic Technology Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The haptic technology market is segmented into the following categories.

    Haptic Technology Market Size, Share, & Forecast, by Feedback Type:

    • Tactile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Force (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Haptic Technology Market Size, Share, & Forecast, by Component Type:

    • Actuators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Drivers & Controllers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Haptic Technology Market Size, Share, & Forecast, by Application Type:

    • Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gaming (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Robotics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Haptic Technology Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Haptic-Technology-Market-Segmentation

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    Key Players

    Some of the key players in the haptic technology market are-

    • 3D Systems
    • Aito B.V.
    • Force Dimension
    • Haption S.A.
    • Haptx Inc.
    • Immersion Corporation
    • On Semiconductors
    • SENSEG OY
    • Texas Instruments Inc.
    • Ultrahaptics (Ultraleap).

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The haptic technology market is expected to witness an impressive growth of 6.8% CAGR in the foreseeable future.

    3D Systems, Aito B.V., Force Dimension, Haption S.A., Haptx Inc., Immersion Corporation, On Semiconductors, SENSEG OY, Texas Instruments Inc., Ultrahaptics (Ultraleap) are among the key players in the haptic technology market.

    Europe is expected to be the leading haptic technology market during the forecast period.

    The gaming segment is expected to account for the major share of the haptic technology market in the coming years.

    The software component type is expected to register high growth rate in the haptic technology market during the next five years.

    Growing utilization of haptic technology in mobiles, cars and IoT appliances to achieve improved product design and operating accuracy along with several benefits offered by it, such as greater sound, touch, and visual effects in touchscreen devices are the factors driving the growth of haptic technology market.

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