Global Haptic Interface Market growing at a CAGR of 30.7% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The global haptic interface market was valued at USD 2,227.39 million in 2022 and is expected to register a compound annual growth rate of 30.7% to reach USD 18,349.94 million in 2030.
The report highlights the increasing adoption of haptics technology in consumer electronics devices including smartphones, laptops, tablets, and gaming consoles. Consegic Business Intelligence provides an inclusive research report on the haptic interface market that evaluates multiple factors, including market size, value, supply chain, regulatory environment, and trends.
Global Haptic Interface Market By Overview
The report analyses significant segments including component, technology, operating system, application, and region, to identify emerging trends and potential opportunities. The technology segment is expected to grow due to the application of tactile feedback in smartphones, tablets, and laptops to provide vibration-based notifications and typing effect. Moreover, the application of force feedback in gaming and virtual reality experiences is propelling the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- The application of haptic interface in consumer electronics to provide a sense of touch and responsiveness is accelerating the growth of the market.
- The integration of haptics technology in automotive safety applications to improve drivers' awareness is proliferating the growth of the market.
- The increasing adoption of advanced technologies including Augmented Reality (AR) and Virtual Reality (VR) in gaming consoles is driving the growth of the market.
Restraints:
- The high implementation cost of haptic technology is restraining the growth of the market.
- The high power requirements of haptics technology is hindering the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Component | Hardware and Software |
| By Technology | Tactile Feedback and Force Feedback |
| By Operating System | Windows and Mobile OS |
| By Application | Gaming Console, Automotive Industry, Education & Training, Military & Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global haptic interface market is highly competitive due to the presence of major players such as Texas Instruments Incorporated, Immersion, Precision Microdrives, Microchip Technology Inc., Synaptics Incorporated, SMK Corporation, HAPTION, TDK Corporation operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in haptic interface market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Texas Instruments Incorporated
- Immersion
- Precision Microdrives
- Microchip Technology Inc.
- Synaptics Incorporated
- SMK Corporation
- HAPTION
- TDK Corporation
- Johnson Electric Holdings Limited.
- Bluecom Co., Ltd.
- Infineon Technologies AG
- Qualcomm Technologies, Inc.
