Press release
Emerging Trends Influencing The Growth Of The Surface Haptics Technology Market: Innovative Haptic And Sensing Technology Solutions Enhance the Market
Surface Haptics Technology Market
How Big Is the Surface Haptics Technology Market Size Expected to Be by 2034?
The surface haptics technology market has grown rapidly in recent years. It will rise from $5.01 billion in 2024 to $5.73 billion in 2025 at a CAGR of 14.5%. The growth drivers include the increasing adoption of industrial automation, the growing use of virtual reality and augmented reality across industries, and the expansion of surface haptics technology applications in multiple sectors.
The surface haptics technology market is projected to experience rapid expansion, reaching $9.75 billion by 2029 with a CAGR of 14.2%, driven by the growing need for enhanced user experiences, increased smartphone usage, wider adoption of touch-based electronics, rapid growth in gaming, and rising demand for consumer electronics. Notable trends include advancements in tactile feedback design, integration with AI, immersive technologies, and incorporation into compact devices such as smartphones and tablets.
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What Are the Emerging Segments Within the Surface Haptics Technology Market?
The surface haptics technology market covered in this report is segmented -
1) By Component: Actuators, Sensors, Electronics, Other Components
2) By Feedback Type: Tactile Feedback, Force Feedback, Haptic Feedback
3) By Application: Consumer Devices, Automotive And Transportation, Education And Research, Commercial And Industrial, Healthcare, Other Applications
Subsegments:
1) By Actuators: Electromechanical Actuators, Piezoelectric Actuators, Electroactive Polymer Actuators, Ultrasonic Actuators
2) By Sensors: Force Sensors, Touch Sensors, Pressure Sensors, Vibration Sensors
3) By Electronics: Signal Processors, Power Management ICs, Controllers And Interface Circuits
4) By Other Components: Haptic Feedback Modules, Materials, Drivers And Amplifiers
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What Long-Term Drivers Are Shaping Surface Haptics Technology Market Trends?
The growing adoption of virtual reality (VR) and augmented reality (AR) is expected to fuel the growth of the surface haptics technology market. VR and AR technologies offer immersive experiences for training, entertainment, and visualization. Surface haptics technology enhances these experiences by providing tactile feedback. For example, VR and AR spending in the UK is projected to rise significantly by 2030. The increasing adoption of VR and AR is contributing to the growth of the surface haptics technology market.
Who Are the Top Competitors in Key Surface Haptics Technology Market Segments?
Major companies operating in the surface haptics technology market are Apple Inc., Samsung Electronics Co Ltd., Texas Instruments Incorporated, TDK Corporation, Infineon Technologies AG, On Semiconductor Corporation, Microchip Technology Incorporated, Johnson Electric, Cirrus Logic Inc., Synaptics Incorporated, SMK Corporation, 3D Systems Corporation, Elo Touch Solutions Inc., Actronika SAS, Ultraleap Limited, Immersion Corporation, Aito BV, Hap2u, Teslasuit, Alpine Electronics Inc., Boréas Technologies, Precision Microdrives Limited, Force Dimension, Novasentis, Tanvas Inc.
What Trends Are Expected to Dominate the Surface Haptics Technology Market in the Next 5 Years?
Major companies in the surface haptics technology market are working on advanced haptic control surfaces designed to make tactile feedback technology more accessible. For instance, in September 2023, Densitron Technologies Limited, a UK-based technology company, launched a 2RU haptics control surface aimed at enhancing user experiences across various applications, including broadcast and live events. The control surface is designed for precise and intuitive interaction, making it suitable for industries requiring efficient system navigation.
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Which Regions Are Becoming Hubs for Surface Haptics Technology Market Innovation?
North America was the largest region in the surface haptics technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surface haptics technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Surface Haptics Technology Market?
2. What is the CAGR expected in the Surface Haptics Technology Market?
3. What Are the Key Innovations Transforming the Surface Haptics Technology Industry?
4. Which Region Is Leading the Surface Haptics Technology Market?
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