Dublin, Dec. 11, 2023 (GLOBE NEWSWIRE) — The “Haptics – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Haptics Market to Reach $47 Billion by 2030
The global market for Haptics estimated at US$16.8 Billion in the year 2022, is projected to reach a revised size of US$47 Billion by 2030, growing at a CAGR of 13.7% over the analysis period 2022-2030. Tactile, one of the segments analyzed in the report, is projected to record 14.4% CAGR and reach US$36 Billion by the end of the analysis period. Growth in the Force segment is estimated at 11.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 16.2% CAGR
The Haptics market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 11.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.
Select Competitors (Total 119 Featured)
- Cypress Semiconductor Corporation
- Alps Alpine Co., Ltd.
- 3D Systems Inc. (USA)
- Alpine Electronics, Inc.
- CyberGlove Systems LLC
- Aito BV
- CUTECIRCUIT
- Ducere Technologies
- FundamentalVR
- Core
- Dexta Robotics
- exiii Inc.
- Butterfly Haptics
- Bristol Robotics Laboratory
- Dongwoon Anatech
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 401 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $16.8 Billion |
| Forecasted Market Value (USD) by 2030 | $47 Billion |
| Compound Annual Growth Rate | 13.7% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Haptic Presents Potent Marketing Tool to Lift Customer Experience & Retention
- New Opportunities for Haptic Touchpads in Laptops
- World Shipment of Laptops in Million Units: 2016-2025
- Smart Homes and Home Automation Systems to Provide Robust Opportunities
- Growing Number of Smart Homes Catalyzes Opportunities for Haptic Technology: Global Smart Homes Market (In US$ Billion) for the Years 2021, 2023 & 2025
- Global Smart Homes Market by Category (in %) for the Years 2020 and 2022
- Growing Significance of Haptics in AR and VR Application
- Multi-Channel Haptics to Drive Growth
- Automotive & Transportation to Broader Uptake
- World Automotive Cockpit Electronics Market by Product (2021 & 2027): Percentage Breakdown of Sales for Infotainment & Navigation, Information Display, Instrument Cluster, Telematics, HUD, and Other Products
- Automotive Electronics as a Percentage (%) of Vehicle Production Cost for the Years 2010, 2020 & 2030
- For Electric Car Makers, Haptic Technology is New Option to Stand Out & Differentiate
- Global Electric Car Fleet Size (In Thousand Units) for the Years 2016, 2018, 2020, and 2022
- Faurecia and Immersion Corporation Come together for developing highly interactive Haptic User Interfaces
- Demand for More Immersive User Experience Drives Incorporation of Haptics in Video Gaming
- Impact of COVID-19 Pandemic on Gaming Industry
- Percentage of Internet Users Playing Video Games by Device: April 2020
- To Cope With the Pandemic, Sequestered People Around the Globe Escape to Gaming: Average Increase in Time Spent on Video Games (In %) Feb-to-Apr-2020
- Key Statistical Findings
- Global Number of Gamers (in Billion) for the Years 2015, 2017, 2019 and 2021
- Global Console Operating System Market (in %) for 2020
- Gaming Platforms Attracting Developer Interest: % of Game Developers Working on a Game by Gaming Platform
- Strong Growth in Mobile Video Usage Drives the Business Case for Haptics
- Opportunity Indicator
- Mobile Video Traffic (in petabytes per month): 2017-2022
- Haptics Gain at the Expense of Home Button in Smartphones
- Opportunity Indicators
- Number of Smartphone Users Worldwide (in Million): 2012, 2014, 2016, 2020, 2022, and 2024
- Penetration Rate of Smartphones as a % of Total Population: 2016-2021
- Advanced Haptics from Qualcomm for Android
- Tactile Computing Revolution Opens a New Window of Opportunity for Haptics
- An Introduction to High-Definition Haptic Feedback
- Haptics Emerges As a Key Strategy for Product Differentiation
- Haptics Technology for Virtual Prototyping
- Haptics in Healthcare: A Growing Field
- Simulated Training Drive Adoption of Haptics in Surgical Procedures
- Increasing Role of Haptic Technology in Designing of Innovative Products with Increased Functionalities
- Haptic Technology Finds Opportunities in Retail to Boost Shopping Experience
- UltraHaptics to Bring In a New Era of Touchless Touch Screens
- Wearable Haptics Gain Prominence in Personalized Devices
- Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
- Global Wearable Technology Market by Application: 2021E
- Robotics Emerges as an Essential Applications of Haptic Feedback
- Proliferation of Touchscreens, Touch Surfaces & Their Inherent UI Limitations Amplify Interest in Haptics
- Adoption of Touch Screens in Public Shared Devices: An Attractive Opportunity for Growth
- Haptic Technology Brings Myriad of Exciting Possibilities
- Strong Focus on Industrial Automation Drives Interest in Haptics
- Development of New Generation Automated Aircrafts Drives Demand for Haptics in Commercial Flight Simulation Equipment
- Haptic Technology Finds Application in Space
- Haptics Set to Revolutionize Molecular Biology & Cellular Research
- Potential Application of Haptic Technology for Creating Mobility Devices for Visually Impaired People
- Haptics in Entertainment Industry
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Haptics Gains Significance as Contactless Technologies Attract Interest
- From a Modest Start, Haptic Technology Garners Immense Attention
- Haptics – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Haptics: A Prelude
- Types of Haptic Feedback
- Advantages of Using Haptics
- Challenges in Haptics Usage
- Major Use Cases of Haptic Technology
- Market Outlook
- Key Future Trends in Haptic Technology
- Recent Market Activity
- Select Innovations
For more information about this report visit https://www.researchandmarkets.com/r/vvi0wr
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