Haptic Touchscreen Market Growth Analysis

Market Insights

The Haptic Touchscreen Market is projected to grow from USD 15.39 billion in 2021 to USD 36.62 billion by 2028 at a CAGR of around 13.08% during the forecast period.

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What is a haptic touchscreen?

The haptic touchscreen is sort of a 3D touch. It may be defined as a recreation of the touch senses by applying forces, vibration, or motion to the user. Haptic touch involves the employment of a haptic engine and provides haptic feedback when the screen is pressed. Haptic Touch is employed by pressing in a very relevant location until a bit of haptic pop is felt against the finger.

Key Players

Key players operating in the haptic touchscreen market are-

• Apple Inc. (US)
• Samsung Electronics Co., Ltd. (South Korea)
• Cypress Semiconductor Corporation (US)
• Johnson Electric (China)
• Alpine Electronics, Inc. (Japan)
• Densitron Technologies (UK)
• Haption S.A. (France)
• Immersion Corporation (US)
• Elo Touch Solutions (US)
• Renesas Electronics Corporation (Japan).

Market Dynamics

The growth of the haptic touchscreen market is primarily driven by increasing demand for consumer electronics across geographies. Growing digitalization and access to fast-speed internet in developing regions are likely to drive the growth of the haptic touchscreen market at a significant rate during the review period. In addition to this, growing emphasis on new product development and increasing investment in R&D activities is likely to create lucrative opportunities for the players operating in the global market in the coming years.

The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the haptic touchscreen market negatively for a short period as the imposition of complete lockdown and restrictions on trade affected the product supply for a short period.

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Segment Analysis

By Application Type

The haptic touchscreen market has been bifurcated into medical, defense & military, entertainment, consumer electronics, and others. Under these, the consumer electronics segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing demand for consumer electronics in developing countries.

By Region

The market in Asia-Pacific accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding industrialization in developing countries such as India and China. The market growth in the North American region is expected to be driven by increasing investment in R&D activities for new product development and the presence of key market players such as Apple Inc. (US) and Immersion Corporation (US).

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Target Audience

Here is the list of the group of customers that the haptic touchscreen market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

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.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization

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 three players)
• SWOT analysis of key players (up to three players)

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 to sales@stratviewresearch.com.