Haptic Technology Market Expected to Reach $17.49 Billion by 2032: Players TDK Corporation, Infineon Technologies AG, Dialog Semiconductor PLC

As per the report published by The Brainy Insights, the global haptic technology market is expected to grow from USD 5.86 billion in 2022 to USD 17.49 billion by 2032, at a CAGR of 11.56% during the forecast period 2023-2032. Asia Pacific region emerged as the largest global haptic technology market, with a 43.25% market revenue share in 2022. The rising adoption of haptic systems in consumer electronic devices like tablets and smartphones propels the market's growth in this region. Furthermore, the rising demand for mobile devices and smart wearables from countries such as China, India, and Japan is anticipated to drive market growth in this region. In addition, the North American region is anticipated to show the fastest CAGR growth over the projection period due to the rising demand for loT devices.

Request a sample to obtain authentic analysis and comprehensive market insights @ https://www.thebrainyinsights.com/enquiry/sample-request/13456

Haptic Technology Market Size by Feedback (Force Feedback and Tactile Feedback), Component (Actuators, Microcontrollers, Software, Drivers, and Others), Application (Consumer Electronics, Automotive & Transportation, Healthcare, Gaming, Education & Research, Engineering, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Leading companies in the industry include TDK Corporation, Infineon Technologies AG, Dialog Semiconductor PLC, Microchip Technology, Inc., Immersion Corporation, Synaptics, Inc., ON Semiconductor Corporation, Ultraleap Limited (Leap Motion, Inc.), HaptX, Inc., SMK Corporation among others which, are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The feedback segment is divided into force feedback and tactile feedback. The force feedback segment led the market with a market share of 56.12% in 2022. This growth is attributed to its increasing use in robotics and the healthcare industry. The component segment is divided into actuators, microcontrollers, software, drivers, and others. The software segment led the market with a market share of 25.29% in 2022. This growth is attributed to the high accuracy, superior input command speed, and enhanced user satisfaction. The application segment is divided into consumer electronics, automotive & transportation, healthcare, gaming, education & research, engineering, and others. The consumer electronics segment led the market with a market share of 21.16% in 2022. This growth is attributed to the increasing integration of haptics technology in smartphones and tablets.

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst @ https://www.thebrainyinsights.com/report/haptic-technology-market-13456

The increasing use of customer electronic devices in tablets, smartphones, and other wearable appliances is helping to drive the growth of the haptic technology market. Further, rising applications in robotic industries and growing demand for touchscreen in customer electronics are helping to stimulate the haptic technology market growth during the forecast period. Additionally, introducing touch screens in products like music participants & household appliances to give customers a favourable experience is also helping to boost market growth over the forecast period.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

Contact Us:

Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: www.thebrainyinsights.com

This release was published on openPR.