Haptic technology market

Haptic technology market. 1 Top 3 Haptic Technology Players Market The global automotive haptic technology market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. 02 Billion in 2017 to USD 6. 92% during the forecast period. " Scope of the Report: Haptic Technology market size was valued at USD 2481. The global haptic technology market is experiencing robust growth Sep 21, 2021 · The global Haptic Technology market size is projected to reach USD 25240 Million by 2027, from USD 9487 Million in 2020, at a CAGR of 14. x% from May 10, 2024 · Published May 10, 2024. The major factors driving the market growth of the haptic technology market include rising integration of haptic technology into consumer devices, growing use of haptic technology in automotive industry, increasing use of haptic technology in healthcare May 15, 2023 · The haptic technology market is projected to reach USD 5. 5%: Increasing demand for haptic technology in holographic display product to boost the target market growth – By PMI. 1 Billion 2029 with a CAGR of 7. Inquire. Aug 27, 2015 · Highlights. May 11, 2023 · Follow. The Global Haptic Technology Market is projected to experience significant growth, with a predicted market size of USD 10. Base Year of Study. 27 million in 2021 and Oct 27, 2023 · The global Haptics Technology market size was valued at USD 2896. The market is anticipated to generate a revenue of about $ 38617. 2 Billion in 2023. 0%. Dec 22, 2023 · The global Haptic Technology Market was valued at magnificent billion U. 31 billion by 2030, with a CAGR of 13. 05 Bn in 2023 and is expected to reach USD 6. Looking forward, the analyst expects the global haptic technology market to grow at a CAGR of around 10% during the The European haptic technology market is evaluated to reach a CAGR of 14. 42% from 2021 to 2028 according to a new May 16, 2024 · Haptic technology, once confined to science fiction narratives, has swiftly become an integral part of our digital interactions. In order to create haptic effects, there’s one crucial piece of technology needed: the haptic motor. Market Research Future (MRFR), in its report envelops segmentation and drivers to provide a better glimpse of the market in the coming years. Superior data, including development strategy The statistics depicts the distribution of the haptic technology market in the Asia-Pacific region from 2016 to 2017 with a forecast up to 2026. This graspable haptic device, called Foldaway, is the size of a drink coaster when flat, making it conveniently portable. 89%. 66 million in 2022 and is expected to expand at a CAGR of 12. Forecast of Asia Pacific Haptic Technology Market, 2030. Haptic technology, or haptics, is a tangible feedback technology that takes benefit of a user’s sense of touch by applying forces, sensations, or motions to the user. The user places a joystick where the three hinged arms The haptic technology market can be segmented on the basis of application and technology. 4 Million. 86 billion in 2022 and reach USD 17. 07 Billion. 46 Million in 2028, with a CAGR of 12. The Haptic technology refers to an interface between the user and the connected device. Number Of Pages: 135. As per MARKETS AND MARKETS, the haptic technology market is predicted to rise from USD 4. 7% over Apr 22, 2024 · The global Haptic Technology market size was valued at USD 2791. Haptics is a technology involved in transmitting and understanding information through touch. +1 (704) 266-3234. 52 billion at a CAGR of 11. 9% during the forecast period (2022 - 2030). The Haptic Technology Market Jul 19, 2022 · The global haptic technology market reached a value of US$ 8. One of the main factors boosting the market is the significant expansion of the consumer electronics industry and the rising use of Driving Innovation in Consumer Electronics is expected to boost Haptic Technology Market growth over the forecast period (2024-2030). So, drivers can adjust settings without looking away. This represents a robust compound annual growth rate (CAGR) of 12. dollars in 2030, at a compound annual growth rate May 4, 2024 · As per the current market research conducted by the CMI Team, the global Haptic Technology Market size is expected to record a CAGR of 3. Nov 15, 2023 · 3 Market Competition, by Players 3. Haptic technology enables immersive three-dimensional communication The Global Haptic Technology Market size is expected to reach $4. This technology is essential in virtual worlds, allowing you to sense shape, force, and temperature, similar to how you experience the natural world around you. 2 billion in 2023 to USD 5. 0 billion by 2028 from USD 4. 48 Billion by 2028, growing at a CAGR of 12. 3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13. The growth of haptic technology is increasing the adoption of haptic technology in multiple gaming applications with AR/VR-enabled instruments to provide immersive The main aim of haptic technology is to simulate the sensation of touch with different mechanisms. Dec 28, 2018 · December 28, 2018. Increasing demand of product differentiation to gain consumer loyalty is a major driving force to adopt advanced technologies. 4% between 2022 and 2027. dollars in 2023 and is expected to grow to Multimillion billion U. Looking forward, the publisher expects the market to reach US$ 17. 31 billion in the year 2017 and is expected to grow at a CAGR of 19. 33% during the forecast period, reaching USD 5820. 5% during the forecast period, from 2021 to 2030. 97 billion by 2027 and is expected grow at a compound annual growth rate of 14. 56% from 2023 to 2032. Also, car infotainment systems feature haptic touchscreens and controls. The global haptics market will have a high penetration rate between the forecast period, due to the growing adoption of technology among end-users. The Asia Pacific region is growing as a lively and dynamic center for the Haptic Technology market, owing to rapid technical breakthroughs, a thriving consumer electronics industry, and rising use of Jan 22, 2021 · The market in APAC is expected to hold the largest market share during 2021–2026. 00. 3 Billion by 2030 at a CAGR of 13. 5% during 2021-2027. 2. Going forward, it is expected to be the fastest growing segment in the haptic technology market segmented by device type, at a CAGR of 8. 5% during the forecast period 2024-2030. The Haptic driver product or technology is used to create a touch experience with feedback by Sep 18, 2023 · The world of haptic technology comes into the picture, where tactile sensations meet innovation, transforming how we interact with digital devices. 97 Billion by 2032 from USD 3. The report covers the market landscape and its growth prospects in the coming years. 2 Market Concentration Rate 3. 6 Million. Defense and healthcare applications are expected to grow rapidly over the forecast period. The factors propelling the global haptic technology The global haptic technology market was valued at USD 5. Looking forward, the publisher expects the market to reach US$ 25. 99 billion in 2023 to USD 7. Pune, India, May 12, 2022 (GLOBE NEWSWIRE) -- The haptic technology market size is projected to showcase considerable growth in the forthcoming years due to rising use of smart electronics Oct 5, 2023 · [170 + Pages Report] According to a market research study published by Haptic Technology Market, the demand analysis of Haptic Technology Market size & share revenue was valued at around US$ 7. x Billion by 2031, demonstrating a compound annual growth rate (CAGR) of xx. Apr 25, 2014 · Global Automotive Haptic Technology Market 2015-2019. 68 Million in 2022 and will reach USD 5676. Competitive Analysis. 87% during the estimated period of 2020-2028. Aug 6, 2022 · The global haptic technology market witnessed a healthy growth in the historical period of 2017-2021 aided by the rising demands for consumer electronic devices. 99 billion in 2023, is forecasted to experience substantial growth, reaching USD 7. In the medical field, haptic feedback makes it possible to examine Mar 28, 2024 · Haptic Technology Allows You to Experience the Sensation of Touching Virtual Objects. 5% from 2024 to 2033. USD 6. 5 billion by 2030, compared to USD 4. Haptics Technology Market (2021-2026) The global haptic technology market is valued $18. In 2021, the market is growing at a steady rate and with the . 02 million, Witness a Significant Growth rate [CAGR of 12. Aug 26, 2021 · According to a comprehensive research report by Market Research Future (MRFR), “ Global Haptic Technology Market information by Component, Feedback, Application and Region – forecast to 2027 The global haptic technology market is estimated to grow at a CAGR of 14. 31 billion by 2030, exhibiting a CAGR of 13. Market Overview and Report Coverage. 7% from 2023 to 2028. For example, direct applications of haptic solutions frequently include phone and game controller vibrations. 6 billion in 2014. Apr 25, 2024 · This growth is expected to occur at a CAGR of 12. 7% during 2023-2032. This warns of possible crashes or lane changes. The market is expected to reach USD 17. 36% during the forecast period from 2024 to 2032. The haptic technology market is projected to reach USD 5. The application segment includes automotive, consumer electronics, industrial, healthcare, defense, gaming, and POS & kiosks. As per the current market research conducted by the CMI Team, the global Haptic Technology Market is expected to record a CAGR of 3. sales@exactitudeconsultancy. Covered in this report 6 days ago · • The Asia Pacific region, led by China, is dominating the haptic technology market due to its vast consumer base and thriving electronics industry. Whether it’s smartphones or virtual reality headsets, adding haptic feedback provides a new level of Apr 24, 2024 · The Haptic Technology for Mobile Devices Market is estimated to be valued at US$ 3. USD 3. 5 billion by 2026, rising at a market growth of 13. 89 million by 2028. 0 billion by 2028, with a CAGR of 3. com. Also known as 3D touch or kinaesthetic Oct 1, 2021 · The global haptic technology market exhibited strong growth during 2015-2020. The base year considered for the study is 2019, and the estimated period is between 2020 and 2028. In the current era of digital technology, haptic feedback plays a crucial role in improving user experiences on a variety of devices and applications. Historical Data and Forecast of Asia Pacific Haptic Technology Revenues & Volume for the Period 2020 - 2030. The market is projected to grow from USD 2. The rapid rise in the demand of haptics in consumer electronic devices is a significant factor driving the market growth rate. The haptics is used to define tactile feedback. In just The global demand for Haptic Technology Market is presumed to reach the market size of nearly USD 10. The Global Haptic Technology Jan 17, 2024 · The automotive industry uses Haptic Technology to boost safety and comfort. May 17, 2024 · The haptic technology market reached USD 2. The haptic technology market in Europe is analyzed further based Dec 20, 2023 · The global Haptic Technology Market research report 2024–2031 provides a thorough analysis and factual synopsis of the market industries both now and in the future. Based on the feedback type available the haptic technology is segmented as force and tactile. Among the two different types available tactile is having the Oct 16, 2019 · The global haptic technology market is expected to grow from USD 2. Haptic Technology allows users to May 9, 2023 · The global haptic technology market was possessed at USD 5. 9% during the forecast period. 75 billion in 2022. Published on: Mar 2022. 4 Billion by 2032, exhibiting a growth rate (CAGR) of 10. 92% May 1, 2024 · Global Haptic Technology Market size was valued at USD 2. According to recent reports, the market 3 days ago · The Global Haptics Technology market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. 49 billion by 2032. 87 billion in 2024, representing a compound annual growth rate (CAGR) of 12. Mar 19, 2024 · Haptic feedback enhances your experience when using a product by making your interactions more engaging and intuitive. The growth of the market is attributed to the increasing integration of the technology in consumer electronics, such as tablets and smartphones. Sep 23, 2021 · Haptic technology is the use of tactile sensations to stimulate the sense of touch in a user experience. 6 billion in 2021 to USD 4. Haptic Technology Market size was valued at USD 3. Automotive haptic technology is used to assists the controlling the vehicle functions with touch control. 61 Bn by 2030, at a CAGR of 11. 31 Apr 25, 2024 · The Global Market Overview of "Haptic Technology for Mobile Devices Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. 1 Billion in 2021. 75 billion in 2022 and is projected to increase to USD 7. 33%] by 2031. 7 Billion by 2027, exhibiting a CAGR of 13. 6% CAGR during the forecast period. Mechanical stimulation produced by this may be used Feb 28, 2024 · The haptic technology market has experienced robust growth in recent years, with its size projected to reach $10. From: USD $3499. Derived from a Greek word meaning “sense of touch”, Haptic is a communication technology which applies tactile sensation for human-computer interaction with computers. Apr 5, 2024 · Published Apr 5, 2024. Haptic technology refers to technology that can create an experience of touch by applying forces, vibrations, or motions to the user. 56% during 2024-2030. 1. The global haptics technology market is expected to grow at a CAGR of around 16. Haptics is a term that is used to describe the user using their sense of touch to experience May 12, 2022 · Follow. Reports Description. 8% during 2022 Apr 17, 2024 · In a revolutionary surge, the Global Haptic Technology Market, valued at USD 3. - The global haptic technology actuator market reached $1. This upward trend is supported by a robust Jan 22, 2021 · CHICAGO, Jan. 5% throughout the forecast period. The market is expected to grow at a CAGR of 14% during the forecast period of 2022-2027. Haptic technology, haptic feedback, or haptics are modern engineering technology that integrates tactile experience or Haptic Technology Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by TECHNOLOGY and by APPLICATION : Global Opportunity Analysis and Industry Forecast, 2023-2032. Haptic Technology Market: By Size, Latest Trends, Share, Growth, Evaluation, and Forecast, The 2030 market study is the most recent one that Fortune Business Insights has May 6, 2024 · The global haptic technology market size was valued at USD 2. 1% over the period 2014-2019. The growth of the market can be attributed to the increasing demand for tactile feedback and force feedback in automotive & transportation, consumer electronics, healthcare, gaming The global haptic technology market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). 6 billion by 2026, at a CAGR of 12. Eccentric Rotating Mass (ERMs) An Eccentric Rotating Mass (ERM) is a rotating electric motor with an off-center mass. Haptic technology for mobile devices is a system that allows users to receive tactile feedback through vibrations or movements in their 4 days ago · The "Haptic Module Market" reached a valuation of USD xx. 44% during the year 2020 and 2028. Oct 5, 2023 · Haptic Technology Market worth US$ 15. Along with this, the recent Jan 23, 2024 · The Global Haptic Technology market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. 7%. The market research Nov 5, 2015 · Technavio's analysts forecast the haptic technology market for mobile devices in the US to grow at a CAGR of 39. Market Size in 2028. 3 billion in 2020, with a The research team projects that the Haptic Technology market size will grow from XXX in 2020 to XXX by 2028, at an estimated CAGR of XX. Dec 8, 2023 · Published Dec 8, 2023. Most people are familiar with the "vibrate" feature on their cell phones or smartphones. 31 billion by 2030. 22, 2021 /PRNewswire/ -- According to the new market research report "Haptic Technology Market with COVID-19 Impact by Component (Hardware, Software), Feedback Type (Tactile, Force Dec 15, 2023 · The Global Haptic Technology Market Research Report 2024–2031 is a factual overview and in-depth study of the current and future market industries. 32% under the study period 2024-2032. The haptic technology industry is projected to grow from USD 10. 8% from the year 2017 to 2022. • Advancements in mid-air haptics and haptic displays are poised to unlock new possibilities and applications for haptic technology, further fueling market growth. The base year considered for the study is 2020, and the market size is projected from 2020 to 2028. 7 %. In 2024, the market size is projected to reach a valuation of USD 4,303. Market Size of Asia Pacific Haptic Technology Market, 2023. 7 billion in 2015 and nearly $10. 46 Billion. The major factors driving the market growth of the Key Players. The market is anticipate to reach USD 17. May 22, 2024 · Haptics is a tactile feedback technology through which end-users are able to perceive touch sensations when using electronic devices. 6% during 2023-2028. Market Growth (2023-2028) CAGR of 11. For example, advanced systems provide alerts with steering wheel vibrations. According to Transparency Market Research’s latest research report on the global surface haptic technology market for the historical period of 2017–2018 and the forecast period of 2019–2027, increasing use of the surface haptic technology in the automotive industry to enhance driver safety and its high adoption across a large number of Automotive Haptic Technology Market by Vehicle Type, And by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2029. The demand for interactive sensory experiences is Mar 22, 2021 · The Global Haptic Technology Market is expected to reach a value of USD 37. Haptic science also involves any tactile feedback such as air pressure or sound waves. The increased fuel efficiency in haptics-enabled accelerators will drive the growth prospects for the global automotive haptic technology market until the end of 2021. Market Size in 2023. Feb 29, 2024 · Embarking on a journey through the ever-evolving landscape of the global market, the "Global Haptic Technology Market Size, Share, Latest Trends, and Growth Research Report 2024–2031" by Fortune Mar 13, 2024 · The latest Report on “Haptic Technology Market” delves into the most recent business development plans, industry segmentations by types and applications, and regional geography shaping the Asia Pacific dominated the market in 2023 and is predicted to have the greatest haptic technology market share throughout the forecast period. Haptic technology, or haptics, is a tactile feedback technology that takes advantage of a user's sense of touch by applying forces, vibrations, and/or motions upon the user. S. Haptic Technology Market: Insights. The increasing adoption of wearable devices such as smartwatches and Mar 8, 2024 · The Haptic Technology market size, estimations, and forecasts are provided in terms of revenue (USD millions), considering 2023 as the base year, with history and forecast data for the period from The haptics market is estimated to grow by USD 7. 53 Billion in 2021 and is projected to reach USD 5. 86 billion in 2022, growing at a CAGR of 11. Overview Of Haptic Technology Industry 2024-2032: The report offers detailed coverage of Haptic Technology industry and main market trends. 02 million by 2028 Key Highlights of the Report: Asia Pacific Haptic Technology Market Outlook. The global haptic technology market size is expected to grow from USD 2. 06 billion by 2031, exhibiting a compound annual growth rate The active haptics market was the largest segment of the haptic technology market segmented by device type, accounting for 64. 21, 2022 (GLOBE NEWSWIRE) -- “Global Haptics Technology market size is projected to reach US$ 23750 million by 2028, from US$ 10780 million in 2021, at a CAGR of 11. 8 The global haptic technology market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. New Analysis Of Haptic Technology for Mobile Devices Market The global haptic technology market size reached US$ 10. Nov 21, 2019 · Abstract. Mar 11, 2024 · Haptic Technology Market size, estimated at USD 2. x Billion in 2023, with projections to achieve USD xx. 20% in the forecast period of 2020 to 2027. Written by Apr 22, 2024 · The global Haptic Technology market was valued at US$ 9487 million in 2023 and is anticipated to reach US$ 25240 million by 2030, witnessing a CAGR of 14. This market is expected to grow to nearly $2. The market is driven by the increasing demand for haptic feedback in smartphones and tablets, which are used for gaming and other applications. In 2023, the market is growing at a steady rate and with the Apr 11, 2024 · Haptic feedback (also called tactile feedback) is the term for technology that uses a physical responses — usually a vibration pattern — to indicate a certain effect or function on an interactive device. Haptic Technology Market size exceeded USD 7 billion in 2019 and is poised to grow at a CAGR of over 7% between 2020 and 2026 driven by rapidly increasing demand for consumer electronic devices and touch-enabled home appliances. Leading the charge are key Global Haptic Technology Market is expected to reach USD 26. 0% or $5,916. As per the analysis by IMARC Group, the top companies in the haptic technology industry are focusing on continuous product innovations to introduce new form factors, improve performance, and expand the range of haptic effects and sensations. 81 Billion by 2030, at a CAGR of 16. Haptic Technology Market Report Overview. Automotive Haptic Technology Market is expected to grow at a CAGR of 12% throughout the forecast period, to reach US$ 7. Jan 21, 2022 · Pune, Jan. 6% during the forecast period. By 2033, the valuation is anticipated to reach USD 5,865. May 15, 2024 · The global haptic technology market is on an upward trajectory, fueled by technological advancements and a growing demand for immersive digital experiences. 1 Global Haptic Technology Revenue and Share by Players (2019, 2020, 2021, and 2023) 3. 9 million of the total in 2023. However, haptic feedback takes this a step farther. Automobile manufacturers have adopted The global haptic technology market size reached US$ 10. Newark, May 11, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the haptic technology market will grow to USD 5. In 2017, the Chinese market share of the haptic Apr 5, 2024 · According to Fortune Business Insights, The haptic technology market is anticipated to witness substantial growth, with projections indicating a surge from USD 2. 89 billion in 2024 and is expected to reach US$ 15. The adoption of HD haptics, which provide high-definition tactile feedback, enhances the user experience in various applications such as gaming, virtual reality, and automotive interfaces. 2 billion in 2023, at a CAGR of 3. 61 billion by 2030, boasting a staggering CAGR of 11. The haptic technology market in Europe is augmented by several factors, such as the presence of one of the large automotive and consumer electronics industries. 5 billion in 2022 to USD 26. + Follow. Jan 29, 2021 · The global haptic technology market size is expected to. 05 billion in 2023, is projected to skyrocket to USD 6. 2%. The global market players are experiencing increased demand for haptic solutions from countries such as China Oct 20, 2023 · Haptics Technology Market Size at the Same Pace in FY31, and expected to reach USD 5820. 2 billion in 2023. Below, we’ve put together a beginner’s guide to understanding the most popular types of haptic motors in the market. Global Automotive Haptic Technology Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. Haptic Technology Market Scope. 29 Billion in 2023 with a CAGR of 14. 23 Bn by 2030. vu hs ge df xr aa bj ip hk nk