Dublin, May 15, 2023 (GLOBE NEWSWIRE) — The Haptic Technology Market by Feedback Type (Tactile, Force), Component (Hardware (Actuators, Drivers & Microcontrollers) Software), Application (Consumer Devices, Automotive & Transportation, Commercial & Industrial ) and Region – Global Forecast to 2028″ has been added ResearchAndMarkets.coms to offer.
The haptic technology market is expected to reach USD 5.0 billion by 2028, compared to USD 4.2 billion in 2023, at a CAGR of 3.7% from 2023 to 2028. The key factors driving the market growth of the haptic technology market include increasing integration of haptic technology in consumer devices, growing use of haptic technology in the automotive industry, increasing use of haptic technology in healthcare, and increasing adoption of haptic technology in industrial applications.
Moreover, the increasing adoption of haptic technology in the aerospace and defense industries and technological advancements in haptic technology are expected to provide ample growth opportunities for market players in the haptic technology market.
Tactile Feedback Segment is expected to register the highest CAGR during the forecast period
Tactile feedback works on the principle of tactile perception. It includes devices that interact with the nerve endings in the skin that sense heat, texture, and pressure. These devices are used to indicate whether the user is in contact with a virtual object. Tactile technology is mainly used in consumer electronics such as smartphones and tablets that are integrated with a touchscreen. The growing use of smartphones is a major factor driving the growth of the tactile feedback market.
Actuators are expected to account for the largest market share of the haptic technology hardware market during the forecast period
Actuators are embedded in the haptics-enabled devices. They are controlled by the embedded software and integrated into the device user interface through the Application Programming Interface (API) control software. The actuators are used in different devices depending on the requirements regarding effects, design constraints and dimensions. Growing demand for haptic devices for superior user interface is expected to drive demand for actuators.
North America is expected to account for the second largest market share during the forecast period
The North American market is experiencing significant growth due to the increasing use of haptic devices in consumer electronics and automotive applications. This growth is not only driven by haptic hardware, but also by haptic software. Software companies like Immersion are based in the North American region. The governments of countries in North America have launched various initiatives such as funding and grants to universities and companies for haptic technology research. Some of the major players in the haptic technology market in North America include Texas Instruments (US), Microchip Technology (US), ON Semiconductor (US), Cirrus Logic (US), and Immersion (US).
Market dynamics
Drivers
Increasing integration of haptic technology in consumer devicesIncreasing use of haptic technology in the automotive industryIncreasing use of haptic technology in healthcareIncreasing adoption of haptic technology in industrial applications
limits
High cost of Force Feedback technology
Possibilities
Rising Applications of Haptic Technology in the Aerospace and Defense IndustriesTechnology Advances in Haptic Technology
Challenges
Technical challenges related to product design High power consumption with haptic feedback Leakage problems associated with pneumatic and hydraulic actuators
Most important features:
Main topics:
1 Introduction
2 Research methodology
3 Summary
4 Premium Insights
5 Market overview
6 kinds of haptic devices
6.1 Introduction
6.2 Active Haptic Device
6.3 Passive Haptic Device
7 haptic technology for different types of touchscreens
7.1 Introduction
7.2 Capacitive
7.3 Resistive
7.4 Others
8 Haptic Technology Market, By Type Of Feedback
8.1 Introduction
8.2 Tactile
8.2.1 Increasing Use of Haptic Technology in Consumer Devices to Drive the Growth of the Tactile Feedback Segment
8.3 Power
8.3.1 Robotics and gaming applications to create lucrative opportunities for the Force Feedback segment
9 Haptic Technology Market, by Component
9.1 Introduction
9.2 Equipment
9.2.1 Drives
9.2.1.1 Eccentric Rotating Mass (Erm) and Linear Resonant Actuators (Lras)
9.2.1.1.1 Cost Effective Actuator Alternatives to Mass Market Devices
9.2.1.2 Piezoelectric Actuators
9.2.1.2.1 Provide excellent response time
9.2.2 Drivers and Microcontrollers
9.2.2.1 Acting as a bridge between controller and actuator
9.3 Software
9.3.1 Allows users to interact with devices
10 Haptic Technology Market, by Application
10.1 Introduction
10.2 Consumer Devices
10.2.1 Smartphones, tablets and smartwatches
10.2.1.1 Haptic components find important applications in smartphones, tablets and smartwatches
10.2.2 Augmented Reality (Ar) and Virtual Reality (Vr) and Gaming Devices
10.2.2.1 Haptic technology in Ar and Vr has evolved significantly in recent years
10.2.3 Other Consumer Devices
10.3 Automotive & Transport
10.3.1 Growing demand for haptic technology based touchscreens
10.4 Education & Research
10.4.1 Developments in haptic educational devices for new teaching techniques using tactile feedback and force feedback
10.5 Healthcare
10.5.1 Increasing use of haptic technology in medical training, rehabilitation and robotic surgery
10.6 Commercial & Industrial
10.6.1 Increasing use of haptic technology in commercial applications
10.7 Others
11 Haptic Technology Market, by Region
12 Competitive landscape
13 Company Profiles
14 Appendix
Mentioned companies
AAC TechnologiesAito BvAllegro MicrosystemsAlps AlpineAnalog DevicesBoreas TechnologiesCirrus Logic Inc.Hap2UImagisImmersionInfineon Technologies AgJohnson Electric Holdings LimitedMicrochip Technology Inc.MplusNeed-For-Power Motor Co. Ltd.Nidec CorporationNovasentis, Inc.Precision MicrodrivesRenesas Electronics CorporationSemiconductor Components Industries, LLC (Onsemi)Synaptics IncorporatedTdk CorporationTexas Instruments IncorporatedUltralapVybronics
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Global haptic technology market
