According to a market report by Lucintel, the future of the haptic technology market looks promising with opportunities in the consumer devices, automotive & transportation, education & research, commercial & industrial, and healthcare markets. The global haptic technology market is expected to grow with a CAGR of 11% to 13% from 2023 to 2028. The major drivers for this market are increasing adoption in automobile safety and rising incorporation of haptics into consumer devices.
In this market, tactile and force are the major segments by feedback type. Lucintel forecasts that tactile will remain the largest segment over the forecast period due to increasing demand of devices such as smartphones and tablets.
Within this market, automotive and transportation grow with the highest CAGR over the forecast period due to rising demand for high performance electronic systems in hybrid electric vehicles and other automobiles.
Asia Pacific is expected to remain the largest region over the forecast period due to growing adoption of consumer devices owing to rising disposable income and rising adoption of advaced technologies in automobiles such as touchscreens and infotainment system.
Texas Instruments, Johnson Electric, AAC Technologies, TDK, Immersion Technology, Haption, Force Dimension, and Microchip Technology companies are among the major suppliers of haptic technology.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global haptic technology market by component, feedback type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Haptic Technology Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global haptic technology market by component, feedback type, application, and region as follows:
Haptic Technology Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
Haptic Technology Market by Feedback Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Haptic Technology Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Consumer Devices
Automotive and Transportation
Education and Research
Commercial and Industrial
Healthcare
Others
Haptic Technology Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global haptic technology market by component (hardware and software), feedback type (tactile and force), application (commercial devices, automotive & transportation, education & research, commercial & industrial, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?