The global Haptic Technology For Mobile Devices Market is estimated to be valued at US$ 3755.61 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Haptic technology provides tactile feedback, generally through actuators. It allows users to interact with digital interfaces through touch. This enhances mobility and accessibility of digital devices. Feedback can range from simple vibration to complex textures and forces.
Market key trends:
One of the key trends driving growth in the haptic technology market for mobile devices is advancements in actuator technologies. Stronger and more precise actuators are enabling more life-like feedback beyond basic vibrations. Piezoelectric actuators and electroactive polymers are becoming increasingly popular due to their compact size and ability to create variable textures, pressures and impacts. Their integration in smartphones, wearables and automotive interfaces is expected to further accelerate demand over the forecast period.
Segment Analysis
The Global Haptic Technology For Mobile Devices Market is segmented into technology and application. Based on technology, the market is classified into tactile feedback and force feedback. Tactile feedback dominates the market as it provides users with tactile sensations like vibrations and is widely used in smartphones and tablets for gesture recognition and notifications. By application, the market is divided into consumer electronics, automotive & transportation, healthcare, and others. The consumer electronics segment commanded the largest share as haptic technology enhances user experience in mobile devices by enabling tactile interactions.
Key Takeaways
The global haptic technology for mobile devices market is expected to witness high growth, exhibiting CAGR of 18.% over the forecast period, due to increasing demand for smartphones integrated with haptic technology.
Regional analysis
Asia Pacific dominates the global market and is expected to continue its dominance over the forecast period. This is attributed to high sales of smartphones in emerging economies like China and India. North America is another major market for haptic technology owing to availability of advanced technological infrastructure and presence of leading players.
Key players
Key players operating in the haptic technology for mobile devices market are Immersion, Texas Instruments Incorporated, Precision Microdrives Limited, Johnson Electric Holdings Limited, AAC Technologies, Analog Devices, Inc., ALPS ALPINE CO., LTD., Microchip Technology Inc., Cypress Semiconductor Corporation, Methode Electronics, NIDEC COPAL ELECTRONICS, SMK ELECTRONICS CORPORATION U.S.A, Visteon Corporation, Semiconductor Components Industries, LLC, Synaptics Incorporated, Apple Inc., and SAMSUNG.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.