Haptic Technology Market size was valued at USD 2.48 Billion in 2020 and is projected to reach USD 6.20 Billion by 2030, growing at a CAGR of 12.10% from 2022 to 2030.
In smartphones and tablets, haptics is becoming more popular and has essentially reached saturation. Numerous businesses are examining the danger and expense of integrating haptic technology as well as the cost and benefit of doing so. Although force-feedback haptic devices are more expensive than tactile feedback and other haptic devices, the integration of haptics (tactile haptics) into smartphones and tablets does not involve substantial expenses. In order for consumers to enjoy real-time virtual haptics in a variety of applications, force feedback haptics requires efficient and effective devices that are primarily available in three degrees of freedom (DoF), six degrees of freedom (DoF), and seven degrees of freedom (DoF). The majority of force feedback-based haptic device applications are in the manufacturing, automotive, aerospace, and medical fields.
The Haptic Technology Market is being driven by the rising demand for touch screens in gadgets like media players and home appliances to provide users with an excellent experience. The Haptic Technology Market is also anticipated to grow as consumers seek more gaming equipment for better gaming experiences. Since the definition of haptic is “able to contact,” technology played a role in the development of the sense of touch. Large aircraft once employed haptic technology, which used to give negative feedback when it detected errors. The Haptic Technology identified the error or risk. The market for haptic technology is expanding more quickly thanks to a wide range of applications.
The demand for smartphones, laptops, and tablets has increased as a result of the growing number of loT devices around the globe. And it had a hugely favorable effect on the market size for haptic technology. In addition, the car industry greatly benefits from haptic technology, and demand for highly advanced vehicles has grown over time. These vehicles are equipped with high-quality safety measures, cutting-edge technology, and haptic technology. The market is displaying an increase in the Haptic Technology Market Trend as a result of the strong demand from the automotive sector. The need for haptic technology will increase in the upcoming years as a result of several institutions and research facilities updating their haptic offerings and taking these positive effects into account.
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Major Players in Haptic Technology market are:
Johnson Electric
Texas Instruments, Inc.
Haption S.A.
3D Systems, Inc.
Immersion Corporation
Imagis Co., Ltd
Force Dimension
On Semiconductor
Precision Microdrives Ltd
Most important types of Haptic Technology products covered in this report are:
Software
Actuators
Drivers & Controllers
Others
Most widely used downstream fields of Haptic Technology market covered in this report are:
Consumer Electronics
Gaming
Automotive
Healthcare
Robotics
Others
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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