The Surface Haptics Technology Market industry Size was valued at USD 2.2 billion in 2022. The Surface Haptics Technology Market is projected to grow from USD 2.9 billion in 2023 to USD 13.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.2% during the forecast period (2023 - 2032). The increasing popularity of virtual and augmented reality End-use Industry’s has driven the demand for haptic feedback. Surface haptics add a tactile dimension to these immersive experiences, making them more realistic are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for the surface haptics technology is witnessing sturdy increase due to the growing call for for immersive technology, especially in digital and augmented fact programs. According to a document by way of Statista, the global digital fact (VR) and augmented fact (AR) market is projected to attain USD 94.4 billion with the aid of 2023. Surface haptics play a pivotal position in enhancing the immersive enjoy with the aid of imparting tactile remarks, allowing customers to experience sensations corresponding to virtual interactions. This demand is driven by means of the growing adoption of VR and AR in various sectors, which includes gaming, education, and healthcare.
Additionally, the gaming enterprise has emerge as a major motive force for the Surface Haptics Technology market. With the gaming market increasing hastily, the integration of haptic comments has emerge as a key trend. Main provider of video games and esports analytics, the global video games market is anticipated to generate over USD 175 billion in revenues. Surface haptics add a layer of realism to gaming experiences, permitting players to feel the effect of in-recreation movements. This has brought about a surge in call for for haptic-enabled gaming peripherals and devices, contributing notably to the growth of the Surface Haptics Technology market.
The integration of Surface Haptics Technology in consumer electronics, mainly in smartphones and wearables, is a first-rate market driver. Research from Counterpoint shows that the global phone marketplace is usually evolving, with manufacturers that specialize in improving user reports. Surface haptics offer tactile feedback for touchscreen interactions, making the user interface more intuitive. Additionally, wearables inclusive of smartwatches leverage haptic comments for notifications and alerts. This integration aligns with the consumer call for for greater interactive and responsive devices, driving the adoption of Surface Haptics Technology inside the client electronics market. For instance, the car enterprise's increasing shift towards touchscreen controls and advanced human-gadget interfaces is propelling the adoption of Surface Haptics Technology. With a growing emphasis on related cars and smart infotainment structures, haptic feedback on touchscreens gives drivers with tactile confirmation, lowering distraction. Thus, driving the Surface Haptics Technology market revenue.
The Surface Haptics Technology Market segmentation, based on Component, includes Hardware, and Software. The software category dominated the market 2022. The miniaturization of haptic components allows for the integration of tactile feedback into smaller devices without compromising performance. The development of materials with enhanced flexibility and responsiveness is a key driver.
The Surface Haptics Technology Market segmentation, based on End-use Industry, includes Consumer Electronics, Retail, Automotive, and Others. The automotive category generated the most income. In the e-commerce space, surface haptics contribute to the development of more immersive and interactive virtual shopping experiences. Users can virtually touch and feel products before making purchasing decisions.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Surface Haptics Technology market area will dominate this market, Surface haptics are employed in vehicle interfaces to provide drivers with tactile feedback, reducing the need for visual attention. Haptic technology is used in simulators to provide realistic tactile feedback for surgical training, allowing medical professionals to practice procedures in a controlled environment. Surface haptics can be integrated into rehabilitation devices to enhance the feedback for patients undergoing physical therapy.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Surface Haptics Technology market accounts for the second-largest market share the Consumers in Europe are increasingly gaming industry's focus on delivering more immersive experiences has led to the widespread adoption of surface haptics. Further, the German Surface Haptics Technology market held the largest market share, and the UK Surface Haptics Technology market was the fastest growing market in the European region
The Asia-Pacific Surface Haptics Technology Market is expected to grow at the fastest CAGR from 2023 to 2032. The increasing availability of Surface Haptics Technologys in a materials advancements, and miniaturization of components. Moreover, China’s Surface Haptics Technology market held the largest market share, and the Indian Surface Haptics Technology market was the fastest growing market in the Asia-Pacific region.
Leading market players are stay ahead of the competition, Surface Haptics Technology market players are collaborating by partnering with other companies. Many businesses additionally make investments in the development of novel services in order to diversify the items in their portfolio. Mergers and acquisitions are also important strategies that players use to expand their service portfolio, with important market developments including new service launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The integration of surface haptics into smartphones and wearables is driven by the desire to provide users with tactile feedback in touch-based interactions, Surface Haptics Technology industry must offer cost-effective services.
Technology locally to minimize operational costs is one of the key business tactics used by providers in the global Surface Haptics Technology industry to benefit clients and increase the market sector. In recent years, the Surface Haptics Technology industry has offered some of the most significant advantages to beverages. Major players in the Surface Haptics Technology market, including Actronika, Haption S.A., Immersion Corporation, Microchip Technologies, Inc., On Semiconductor Corporation, SMK Corporation, Synaptics Incorporated, Tanvas, TDK Corporation, Texas Instruments Incorporated, and others, are attempting to increase market demand by investing in research and development operations.
Actronika is a pioneering company in the field of haptic technology, imparting modern solutions to beautify the sensory experience in various applications. Established with a focal point on revolutionizing human-device interactions, Actronika makes a speciality of developing haptic feedback structures that offer users with a tactile dimension in their digital interactions. The organization's know-how spans across industries inclusive of gaming, virtual truth, and automotive, in which haptic generation plays a important role in growing immersive and realistic reports. Actronika's solutions are characterised with the aid of their precision, responsiveness, and flexibility, catering to the evolving wishes of industries that are looking for to integrate haptic remarks for advanced person engagement. With a dedication to advancing haptic era, Actronika is still a key player shaping the future of tactile stories within the virtual realm.
Haption S.A. Stands at the forefront of the haptic feedback and virtual reality landscape, imparting present day solutions for a various range of industries. As a leading corporation within the field, Haption specializes within the development of force-remarks gadgets and haptic interfaces that allow users to interact with digital environments in a practical and intuitive way. The company's answers locate programs in fields along with aerospace, healthcare, and schooling, in which precise contact and pressure feedback are paramount. Haption's generation no longer only complements the education and simulation reports in professional settings however additionally contributes to advancements in studies and improvement. With a focal point on handing over outstanding haptic solutions, Haption remains a key participant in shaping the way people have interaction with and control digital worlds across numerous sectors.
February 2021: Faurecia and Immersion Corporation signed a multi-year license agreement that enables Faurecia to access Immersion's haptic technology solutions. The agreement allows Faurecia to develop an interactive, advanced haptic user interface enriched with Immersion Corporation's modern innovations.
November 2020: UAE-based Hawas Group’s subsidiary ‘IPlan Ideas Technologies’ partnered with Ultraleap Limited to bring Ultraleap’s mid-air haptics technologies and hand tracking solutions to UAE customers
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.2 Billion |
| Market Size 2023 | USD 2.9 Billion |
| Market Size 2032 | USD 13.3 Billion |
| Compound Annual Growth Rate (CAGR) | 18.2% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, End-use Industry, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Actronika, Haption S.A., Immersion Corporation, Microchip Technologies, Inc., On Semiconductor Corporation, SMK Corporation, Synaptics Incorporated, Tanvas, TDK Corporation, Texas Instruments Incorporated |
| Key Market Opportunities | ·      Rising Demand for Immersive Technologies |
| Key Market Dynamics | ·      Increased Use in Gaming |
Frequently Asked Questions (FAQ) :
The Surface Haptics Technology Market size was valued at USD 2.2 Billion in 2022.
The global market is projected to grow at a CAGR of 18.2% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Actronika, Haption S.A., Immersion Corporation, Microchip Technologies, Inc., On Semiconductor Corporation, SMK Corporation, Synaptics Incorporated, Tanvas, TDK Corporation, and Texas Instruments Incorporated
The software category dominated the market in 2022.
The automotive had the largest share in the global market.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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