Haptics - Global Strategic Business Report

The global market for Haptics is estimated at US$18.9 Billion in 2023 and is projected to reach US$47.0 Billion by 2030, growing at a CAGR of 13.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the haptics market is driven by several factors, including technological advancements, consumer demand for enhanced sensory experiences, and industry-specific applications. Innovations such as ultrasonic haptics, which create touch sensations in mid-air, and electrovibration technology, which adjusts friction between the user's skin and a flat surface, are pushing the boundaries of what haptic technology can achieve.

The escalating consumer expectation for tactile interfaces in personal devices and entertainment systems is also a significant growth driver, reflecting a broader trend towards multisensory digital experiences. Additionally, the automotive industry's shift towards more interactive and safer controls using haptic feedback, along with the increased adoption of VR and AR technologies in various sectors including gaming, education, and healthcare, are further fueling the market expansion.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Tactile Haptics segment, which is expected to reach US$36.0 Billion by 2030 with a CAGR of a 14.6%. The Force Haptics segment is also set to grow at 11.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.2 Billion in 2023, and China, forecasted to grow at an impressive 16.4% CAGR to reach $11.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Haptics Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Haptics Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Haptics Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Cypress Semiconductor Corporation, Alps Alpine Co., Ltd., 3D Systems Inc. (USA), and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 119 Featured):

• Cypress Semiconductor Corporation
• Alps Alpine Co., Ltd.
• 3D Systems Inc. (USA)
• Alpine Electronics, Inc.
• CyberGlove Systems LLC
• Aito BV
• CUTECIRCUIT
• Ducere Technologies
• FundamentalVR
• Core
• Dexta Robotics
• exiii Inc.
• Butterfly Haptics
• Bristol Robotics Laboratory
• Dongwoon Anatech