Top Market Shifts Transforming the Haptic Technology Market Landscape: Key Insights

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Haptic Technology Market Through 2025?
The market size of haptic technology has been significantly expanding in the recent past. It is projected to increase from $9.72 billion in 2024 to $10.28 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. The remarkable growth during the historical period can be linked to the use of this technology in gaming and entertainment, the adoption of mobile devices, its application in the medical and rehabilitation sector, integration in the automotive industry, and heightened emphasis on user experience.

What's the Projected Size of the Global Haptic Technology Market by 2029?
Anticipated to witness substantial growth in the forthcoming years, the haptic technology market size is set to expand to $14.8 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%. The expansion of AR and VR applications, integration of the Internet of Things (IoT), an increase in remote working and collaboration, growth of automotive HMI, and advancements in tactile sensors are all factors contributing to this growth in the forecasted period. The period is also set to see significant trends such as progression in wearable tech, customization of haptic feedback, broad adoption of haptics in wearables, improvements in tactile displays, and sustainability in haptic technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/haptic-technology-global-market-report

Top Growth Drivers in the Haptic Technology Industry: What's Accelerating the Market?
The projected expansion of the haptic technology market is bolstered by the escalating prevalence of consumer electronics. These devices and gadgets, catered towards personal utilisation by individuals, have enhanced usability because of the introduction of haptic technology, adding a tangible feedback element that makes the user interface more instinctive, captivating, and immersive. Data published in June 2023 by Invest India, a promotion and facilitation agency for national investments based in India, showed the national electronics production at $87 billion in FY22, with projections reaching $300 billion by FY26. Moreover, Uswitch Limited, a financial conduct authority in the UK reported in February 2023 that as of 2022, mobile connections in the UK rose by 3.8% or roughly 2.6 million from 2021, totalling at 71.8 million. Population projections for the UK are set to reach 68.3 million by 2025, with an estimated 95% or around 65 million people becoming smartphone owners. Thus, the surging incidence of consumer electronics consumption is fuelling the growth of the haptic technology market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12265&type=smp

What Trends Will Shape the Haptic Technology Market Through 2029 and Beyond?
Leading firms in the haptic technology market are driving innovation by creating haptic gloves, aimed at improving user interaction in virtual and augmented reality settings. These gloves provide users with a more authentic touch experience and facilitate more natural interaction with digital content. Essentially, these wearable gadgets contain technology that offers touch feedback through various stimuli like vibrations, forces, or motions. As an example, Weart S.r.l., a company from Italy, launched the TouchDIVER Pro haptic glove in June 2024. This product integrates three distinct types of haptic feedback - Force Feedback, Texture Rendering, and Thermal Cues. The Force Feedback delivers touch sensations by exerting pressure on the fingertips, giving an imitation of touch. The Texture Rendering uses complex algorithms to simulate different textures, dynamically adjusting based on the movement and speed of the hand, thus augmenting the sense of realism. The Thermal Cues create temperature sensations that vary between 15°C to 42°C, letting users feel either heat or cold in their virtual interactions. Furthermore, the glove is compatible with various connectivity modes, encompassing WiFi, Bluetooth Low Energy (BLE), and wired connections.

What Are the Main Segments in the Haptic Technology Market?
The haptic technologymarket covered in this report is segmented -

1) By Component: Solution, Software
2) By Device Type: Active Haptics, Passive Haptics
3) By Feedback Type: Tactile, Force
4) By Touch Screen Technology Type: Capacitive, Resistive, Other Technologies
5) By Application: Consumer Electronics, Gaming, Healthcare, Robotics, Education, Research, Other Applications

Subsegments:
1) By Solution: Haptic Feedback Devices, Wearable Haptic Devices, Haptic Actuators
2) By Software: Haptic Software Development Kits (SDKs), Haptic Rendering Software, Application-Specific Software

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12265&type=smp

Which Top Companies are Driving Growth in the Haptic Technology Market?
Major companies operating in the haptic technology market include Samsung Electronics Co. Ltd., Meta Platforms Inc., Texas Instruments Incorporated, TDK Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Zebra Technologies Corporation, The Johnson Electric Limited, AAC Technologies Holdings Inc., Synaptics Incorporated, SMK Corporation, Ultrahaptic, Immersion Corporation, Quanser Consulting Inc, HaptX Inc., Novasentis Inc, Hap2u, Boréas Technologies Inc., Sensel Telematics Private Limited, Precision Microdrives Ltd., FundamentalVR, HAPTION SA, Actronika, Force Dimension, bHaptics Inc, Dot Incorporation, VRgluv LLC, FLAIM Systems Pty Ltd, 3D Systems, Camar ApS.

Which Regions Will Dominate the Haptic Technology Market Through 2029?
North America was the largest region in the haptic technology market in 2024. The regions covered in the haptic technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12265

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.