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Haptic Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 145 pages | ID: HA0F8F92E2AFEN
IMARC Group

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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.

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.

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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, feedback, technology and application.

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
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.

Key Questions Answered in This Report

1. What was the size of the global haptic technology market in 2022?
2. What is the expected growth rate of the global haptic technology market during 2023-2028?
3. What are the key factors driving the global haptic technology market?
4. What has been the impact of COVID-19 on the global haptic technology market?
5. What is the breakup of the global haptic technology market based on the component?
6. What is the breakup of the global haptic technology market based on the feedback?
7. What is the breakup of the global haptic technology market based on the application?
8. What are the key regions in the global haptic technology market?
9. Who are the key players/companies in the global haptic technology market?
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 TABLES

Table 1: Global: Haptic Technology Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Haptic Technology Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Haptic Technology Market Forecast: Breakup by Feedback (in Million US$), 2023-2028
Table 4: Global: Haptic Technology Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Haptic Technology Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Haptic Technology Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Haptic Technology Market Structure
Table 8: Global: Haptic Technology Market: Key Players

LIST OF FIGURES

Figure 1: Global: Haptic Technology Market: Major Drivers and Challenges
Figure 2: Global: Haptic Technology Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Haptic Technology Market: Breakup by Component (in %), 2022
Figure 4: Global: Haptic Technology Market: Breakup by Feedback (in %), 2022
Figure 5: Global: Haptic Technology Market: Breakup by Technology (in %), 2022
Figure 6: Global: Haptic Technology Market: Breakup by Application (in %), 2022
Figure 7: Global: Haptic Technology Market: Breakup by Region (in %), 2022
Figure 8: Global: Haptic Technology Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Haptic Technology (Actuators) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Haptic Technology (Actuators) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Haptic Technology (Drivers and Controllers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Haptic Technology (Drivers and Controllers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Haptic Technology (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Haptic Technology (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Haptic Technology (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Haptic Technology (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Haptic Technology (Tactile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Haptic Technology (Tactile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Haptic Technology (Force) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Haptic Technology (Force) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Haptic Technology (Captive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Haptic Technology (Captive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Haptic Technology (Resistive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Haptic Technology (Resistive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Haptic Technology (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Haptic Technology (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Haptic Technology (Automotive and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Haptic Technology (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Haptic Technology (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Haptic Technology (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Haptic Technology (Education and Research) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Haptic Technology (Education and Research) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Haptic Technology (Gaming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Haptic Technology (Gaming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Haptic Technology (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Haptic Technology (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Haptic Technology (Engineering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Haptic Technology (Engineering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Haptic Technology (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Haptic Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia Pacific: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia Pacific: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Haptic Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Haptic Technology Market Forecast: Sales Value (in Million US$), 2023-2028
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


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