Surface haptics technology enables the creation of tactile sensations on flat surfaces such as screens or touchpads, enhancing user interaction. It uses vibrations, friction, or other methods to simulate textures or buttons, enhancing the user experience by making it more immersive and intuitive. This technology finds applications in gaming, virtual reality, and user interfaces, adding a new dimension to touch-based interactions.
The key components of surface haptics technology include actuators, sensors, electronics, and other elements. Actuators are devices that convert energy into motion to perform specific tasks in mechanical systems. These systems provide tactile, force, and haptic feedback, which are useful in various sectors such as consumer electronics, automotive, education, research, commercial industries, healthcare, and more.
The surface haptics technology research report is one of a series of new reports that provides surface haptics technology market statistics, including the surface haptics technology industry's global market size, regional shares, competitors with a surface haptics technology market share, detailed surface haptics technology market segments, market trends and opportunities, and any further data you may need to thrive in the surface haptics technology industry. This surface haptics technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The surface haptics technology market size has grown rapidly in recent years. It will grow from $4.38 billion in 2023 to $5.01 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. Historical growth can be credited to the increased implementation of industrial automation, greater integration of virtual reality and augmented reality across various sectors, expanded use of surface haptics technology, and broader applications across industries.
The surface haptics technology market size is expected to see rapid growth in the next few years. It will grow to $8.54 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period driven by a heightened demand for improved user experiences, increased smartphone penetration, greater adoption of touch-based devices, rapid expansion of the gaming market, and growing use of consumer electronics. Key trends anticipated in the forecast period include advancements in technology, immersive technologies, integration into smartphones and tablets, emergence of technological innovation hubs, incorporation with artificial intelligence, integration of tactile feedback into smaller devices, and innovation in tactile feedback design.
The increasing use of virtual reality (VR) and augmented reality (AR) is expected to drive the growth of the surface haptics technology market. VR immerses users in a fully digital environment, while AR overlays digital elements onto the real world, enhancing perception and interaction. The rising adoption of VR and AR is due to their immersive experiences that improve training, entertainment, and visualization, along with advancements in hardware affordability and software accessibility. Surface haptics technology enhances these immersive experiences by providing tactile feedback, making interactions more realistic and engaging, thereby boosting the adoption of these technologies. For instance, the UK’s Department for Business and Trade projects that spending on AR and VR in the UK will increase by 78.3% to £62.5 billion by 2030, indicating significant investment opportunities. Consequently, the growing use of VR and AR is driving the growth of the surface haptics technology market.
Leading companies in the surface haptics technology market are focusing on developing advanced solutions, such as haptics control surfaces, to make haptics more accessible. A haptics control surface is a device that enables users to interact with digital content through tactile feedback. It typically consists of a touch-sensitive surface that responds to user input with physical sensations or vibrations. For example, in September 2023, Densitron Technologies Limited, a UK-based technology company, launched a new 2RU haptics control surface designed to enhance user experience and efficiency in various applications. This innovative control surface combines the tactile feedback of haptic technology with a compact and ergonomic design, making it suitable for a wide range of industries, including broadcast and live events. The 2RU haptics control surface aims to provide a seamless and intuitive interaction experience, allowing users to navigate and control complex systems with ease and precision. Its compact size and robust build are set to revolutionize user interaction with technology, offering a more immersive and engaging experience across various applications.
In September 2022, Meta Platforms Inc., a US-based technology company, acquired Lofelt GmbH for an undisclosed amount. Through this acquisition, Meta plans to expand its haptic technology expertise to enhance user interactions in VR and AR by integrating tactile feedback via controllers or gloves, thus strengthening its future haptics research. Lofelt GmbH is a Germany-based company that develops advanced haptic technologies for VR and other devices.
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.
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.
The countries covered in the surface haptics technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The surface haptics technology market consists of revenues earned by entities by providing services such as touch feedback development, integration services, training and support, and maintenance and upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. The surface haptics technology market also includes sales of gaming controllers, wearable devices, medical devices, accessibility devices, art, and design, which are the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The key components of surface haptics technology include actuators, sensors, electronics, and other elements. Actuators are devices that convert energy into motion to perform specific tasks in mechanical systems. These systems provide tactile, force, and haptic feedback, which are useful in various sectors such as consumer electronics, automotive, education, research, commercial industries, healthcare, and more.
The surface haptics technology research report is one of a series of new reports that provides surface haptics technology market statistics, including the surface haptics technology industry's global market size, regional shares, competitors with a surface haptics technology market share, detailed surface haptics technology market segments, market trends and opportunities, and any further data you may need to thrive in the surface haptics technology industry. This surface haptics technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The surface haptics technology market size has grown rapidly in recent years. It will grow from $4.38 billion in 2023 to $5.01 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. Historical growth can be credited to the increased implementation of industrial automation, greater integration of virtual reality and augmented reality across various sectors, expanded use of surface haptics technology, and broader applications across industries.
The surface haptics technology market size is expected to see rapid growth in the next few years. It will grow to $8.54 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period driven by a heightened demand for improved user experiences, increased smartphone penetration, greater adoption of touch-based devices, rapid expansion of the gaming market, and growing use of consumer electronics. Key trends anticipated in the forecast period include advancements in technology, immersive technologies, integration into smartphones and tablets, emergence of technological innovation hubs, incorporation with artificial intelligence, integration of tactile feedback into smaller devices, and innovation in tactile feedback design.
The increasing use of virtual reality (VR) and augmented reality (AR) is expected to drive the growth of the surface haptics technology market. VR immerses users in a fully digital environment, while AR overlays digital elements onto the real world, enhancing perception and interaction. The rising adoption of VR and AR is due to their immersive experiences that improve training, entertainment, and visualization, along with advancements in hardware affordability and software accessibility. Surface haptics technology enhances these immersive experiences by providing tactile feedback, making interactions more realistic and engaging, thereby boosting the adoption of these technologies. For instance, the UK’s Department for Business and Trade projects that spending on AR and VR in the UK will increase by 78.3% to £62.5 billion by 2030, indicating significant investment opportunities. Consequently, the growing use of VR and AR is driving the growth of the surface haptics technology market.
Leading companies in the surface haptics technology market are focusing on developing advanced solutions, such as haptics control surfaces, to make haptics more accessible. A haptics control surface is a device that enables users to interact with digital content through tactile feedback. It typically consists of a touch-sensitive surface that responds to user input with physical sensations or vibrations. For example, in September 2023, Densitron Technologies Limited, a UK-based technology company, launched a new 2RU haptics control surface designed to enhance user experience and efficiency in various applications. This innovative control surface combines the tactile feedback of haptic technology with a compact and ergonomic design, making it suitable for a wide range of industries, including broadcast and live events. The 2RU haptics control surface aims to provide a seamless and intuitive interaction experience, allowing users to navigate and control complex systems with ease and precision. Its compact size and robust build are set to revolutionize user interaction with technology, offering a more immersive and engaging experience across various applications.
In September 2022, Meta Platforms Inc., a US-based technology company, acquired Lofelt GmbH for an undisclosed amount. Through this acquisition, Meta plans to expand its haptic technology expertise to enhance user interactions in VR and AR by integrating tactile feedback via controllers or gloves, thus strengthening its future haptics research. Lofelt GmbH is a Germany-based company that develops advanced haptic technologies for VR and other devices.
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.
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.
The countries covered in the surface haptics technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The surface haptics technology market consists of revenues earned by entities by providing services such as touch feedback development, integration services, training and support, and maintenance and upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. The surface haptics technology market also includes sales of gaming controllers, wearable devices, medical devices, accessibility devices, art, and design, which are the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Surface Haptics Technology Market Characteristics3. Surface Haptics Technology Market Trends And Strategies32. Global Surface Haptics Technology Market Competitive Benchmarking33. Global Surface Haptics Technology Market Competitive Dashboard34. Key Mergers And Acquisitions In The Surface Haptics Technology Market
4. Surface Haptics Technology Market - Macro Economic Scenario
5. Global Surface Haptics Technology Market Size and Growth
6. Surface Haptics Technology Market Segmentation
7. Surface Haptics Technology Market Regional And Country Analysis
8. Asia-Pacific Surface Haptics Technology Market
9. China Surface Haptics Technology Market
10. India Surface Haptics Technology Market
11. Japan Surface Haptics Technology Market
12. Australia Surface Haptics Technology Market
13. Indonesia Surface Haptics Technology Market
14. South Korea Surface Haptics Technology Market
15. Western Europe Surface Haptics Technology Market
16. UK Surface Haptics Technology Market
17. Germany Surface Haptics Technology Market
18. France Surface Haptics Technology Market
19. Italy Surface Haptics Technology Market
20. Spain Surface Haptics Technology Market
21. Eastern Europe Surface Haptics Technology Market
22. Russia Surface Haptics Technology Market
23. North America Surface Haptics Technology Market
24. USA Surface Haptics Technology Market
25. Canada Surface Haptics Technology Market
26. South America Surface Haptics Technology Market
27. Brazil Surface Haptics Technology Market
28. Middle East Surface Haptics Technology Market
29. Africa Surface Haptics Technology Market
30. Surface Haptics Technology Market Competitive Landscape And Company Profiles
31. Surface Haptics Technology Market Other Major And Innovative Companies
35. Surface Haptics Technology Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Surface Haptics Technology Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on surface haptics technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for surface haptics technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The surface haptics technology market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Component: Actuators; Sensors; Electronics; Other Components2) 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
Key Companies Mentioned: Apple Inc.; Samsung Electronics Co Ltd.; Texas Instruments Incorporated; TDK Corporation; Infineon Technologies AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.