Haptic Technology Market Size Status and Forecast 2021-2027

Haptic Technology Market Overview 2027

The global Haptic Technology market size is projected to reach US$ 25240 million by 2027, from US$ 9487 million in 2020, at a CAGR of 14.5% during 2021-2027. 

Key drivers of the haptic technology market include the rising integration of haptic in consumer electronic items. The rise of the gaming industry will fuel the growth of the market in the coming years.Medical wearables and haptics will transform the healthcare sector in turn driving the growth of the market during the forecast period. Haptic has huge scope in engineering applications and design which will surge the growth of the haptic technology market in the forthcoming years.

 

Haptic Technology allows users to reproduce the Tactile touch through a series of actions, including force and vibration. Haptic sensors are revolutionizing the automotive industry by enabling drivers to make informed decisions. It also helps in providing an intuitive and seamless experience. This will augment the growth of the haptic technology market.

Trends Influencing The Growth Of Haptic Technology Market

Consumer Electronics

Haptics predominantly allows users to create an experience of tactile touch by providing vibrations, and motions or forces to the user. The proliferation of everyday consumer devices and rising digitization provide lucrative opportunities for the haptic technology market. It basically replicates the vibrations of actions like pressing a button or scrolling through a list on the computer screen. This allows faster controls, longer battery life, and user-friendly interactions. Mechanical touchpads are limited by size and functionality. While haptics depends on electronic feedback for identifying precise surface movements. It detects the exact pressure and manner in which a surface has been touched and offers localized feedback. When a user drags and drops a file icon on a laptop the technology recognizes the press and gives out the resultant sensations for both events. It is practically used in all smartphones, watches, tablets, laptops, wearable gadgets, bracelets, etc. The precision, adaptability, and versatility of finger sensing make haptics a relevant technology. They are ideal for integration into various surfaces like glass, fabrics, and wood. Manufacturers are able to create new designs with cutting-edge to edge touchpads and consumers are able to enjoy enhanced usability.

Automotive and transportation industry

Touch plays a significant role in the automobile industry as it encompasses everything from gripping a key to turning it, grabbing the steering wheel, or pressing down on the accelerator pedal. Auto manufacturers are focusing on haptics as a way to communicate crucial information to the driver through precise user input via touch. For instance, newer automotive designs are coming into the market that includes dashboard displays. The displays have touchscreen capacity to offer tactile information related to button presses. The capacitive touch allows for better input control that reduces the need for mechanical switches and offers designers the freedom to experiment with form and function. Several R&D initiatives are underway which will foster the growth of the haptic technology market in the upcoming years. Safety features can be triggered effectively through vibration alerts to the driver. Moreover, haptic sensor systems could enable mid-air hand gestures to monitor the various functionalities of a car.

Gaming Sector

Video game hardware is going through a transformative phase through the use of haptic technology. It is being integrated into gaming consoles, joysticks, and controllers for providing vibration-based intensities and mechanical impulses. The feedback allows users to manipulate virtual items and receive direct tactile input in the gaming environment. Together with virtual reality systems, it improves the engagement, immersion, and imagination of players. The stylized vibration stimulates the user’s sense of touch. This will bolster the growth of the haptic technology market in the forthcoming years. Developers are incorporating physical sensations into the virtual world. The haptics act as adaptive triggers which vibrates and obtains the player’s input based on the character's grip on their equipment.

Healthcare Industry

Mobile devices, IoT appliances, and fitness trackers are increasingly using touch surfaces with haptic feedback instead of actual buttons. The technology is used for medical simulation. It recreates the medical examination process between a clinician and a patient. This is accomplished either through direct palpitation of the body or indirectly via manipulation of surgical instruments like catheters, endoscopes, guidewires, etc. Several haptic technology startups are actively working in the medical field which will expand the haptic technology market in the upcoming years. The feedback is a great way for sensory substitution as effective information is relayed to the user in case of any missing sense. It has tremendous scope for improving patient mobility, assistance, and rehabilitation. Smart clothing is dependent on vibrating micromotors that guide surgeons during surgeries and prevents wastage of resources.

Engineering

Engineering designs are typically dependent on standard haptic actuators. Pneumatic and tactile technologies have entered the technological space. The actuators use a system of pressurized tubes for creating a specific response to the user. The haptic technology market will expand rapidly owing to its relevance in electrical and computer engineering fields. The technology is integrated into both hardware and software for offering meaningful stimulus to the user. It is embedded in electrical motors to send signals and vibrate at a specific rate. A logical circuit component is hardwired in terms of transistors and set voltages for making prefabricated chips.

Haptic Technology Market Share Analysis

Based on application, the consumer electronics segment will grow the highest in the haptic technology market share due to the rising use of consumer electronic items such as smartphones, wearables, watches, and wristbands.

Based on type, tactile feedback will be the most lucrative during the forecast period due to increasing consumer demand for simulating smartphone touch experiences and the offering of personalized texts and notifications.

Based on region, Asia-Pacific will witness considerable growth due to the presence of key smartphone companies, rising income levels, and growing usage of consumer goods.

Haptic Technology Market by Type

• Tactile Feedback
• Force Feedback

Haptic Technology Market by Application

• Automotive & Transportation
• Consumer Electronics
• Healthcare
• Gaming
• Engineering

Haptic Technology Market by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Major Players in the Haptic Technology Market

• Immersion
• Texas Instruments
• Precision Microdrives
• Johnson Electric Holdings
• Ultrahaptics
• Microchip Technologies
• Synaptics
• SMK
• Haption
• Senseg
• Geomagic
• Force Dimension

Scope of the Haptic Technology Market Report