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Global Haptic Technology Market: By Technology: Resistive Technology, Captive Technology; By Component: Microcontrollers, Drivers, Actuators, Software; By Feedback: Force, Tactile; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Haptic Technology Market Outlook

The global haptic technology market witnessed a healthy growth in the historical period of 2016-2020 aided by the rising demands for consumer electronic devices. The market is expected to grow at a CAGR of 14% during the forecast period of 2021-2026.

 

Asia Pacific Expected to hold a Major Share of Global Haptic technology Market

With growing digitization and increasing penetration and usage of internet enabled devices, the demand for haptic technologies is expected to grow in the coming years, especially in the Asia Pacific region. Additionally, technological advancements are expected to drive the haptic technology market forward. Early adoption of technology and rapid advancements in the field have provided impetus to the market growth in the region. Furthermore, research and development activities across the globe and the drive to develop newer applications for haptic technology are expected to drive the industry forward. Changing lifestyles coupled with an increasing demand for touchscreens for enhanced consumer experience is expected to bolster market growth.

 

Haptic Technology: Industry Definition and Segmentation

Haptic technology recreates the sense of touch through vibration or other means. It acts as an interface between the user and the connected device, providing tactile, or force feedback to the users. Haptics find wide applications, and is known to enhance user experience by engaging sound, light, and touch, especially in joysticks, controllers, and steering wheels in video games.

On the basis of technology, the market can be bifurcated into:

  • Resistive Technology
  • Captive Technology
  • Others

Based on component, the industry is being segmented into:

  • Microcontrollers
  • Drivers
  • Actuators
  • Software
  • Others

By feedback, the market is bifurcated into:

  • Force
  • Tactile

Based on application, the market is divided into:

  • Automotive and Transportation
  • Consumer Electronics
  • Education and Research
  • Healthcare
  • Engineering
  • Gaming
  • Others

The regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand for Consumer Electronics Devices Driving the Market Growth

Rapidly growing demands for consumer electronics devices, like smartphones, tablets, home appliances, and the need for product differentiation are driving the global haptic technology market forward. As new industries are joining the market, there have been a rise in new technologies and improvements in the existing structures of haptic technologies, taking the market forward. Moreover, increasing demand for gaming applications is acting as a catalyst to market growth. The adoption of haptic technology structures in the medical sector to train doctors in various surgical procedures is providing impetus to the market. Moreover, adoption of technologies like internet of things (IoT) are expected to drive the market forward.

 

Key Industry Players in the Global Haptic technology Market

The report gives a detailed analysis of the following key players in the global haptic technology market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Immersion Corporation
  • Johnson Electric Holdings Limited
  • Force Dimension
  • 3D Systems, Inc.
  • Ultraleap Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Haptic Technology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Haptic Technology Historical Market (2016-2020) 
    8.3    Global Haptic Technology Market Forecast (2021-2026)
    8.4    Global Haptic Technology Market by Technology
        8.4.1    Resistive Technology
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Captive Technology
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Others
    8.5    Global Haptic Technology Market by Component
        8.5.1    Microcontrollers
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Drivers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Actuators
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Software
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Haptic Technology Market by Feedback
        8.6.1    Force
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Tactile
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Haptic Technology Market by Application
        8.7.1    Automotive and Transportation
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Consumer Electronics
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Education and Research
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Healthcare
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Engineering
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Gaming
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Others
    8.8    Global Haptic Technology Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    00Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Immersion Corporation   
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Johnson Electric Holdings Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Force Dimension
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    3D Systems, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Ultraleap Limited
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Haptic Technology Market: Key Industry Highlights, 2016 and 2026
2.    Global Haptic Technology Historical Market: Breakup by Technology (USD Billion), 2016-2020
3.    Global Haptic Technology Market Forecast: Breakup by Technology (USD Billion), 2021-2026
4.    Global Haptic Technology Historical Market: Breakup by Component (USD Billion), 2016-2020
5.    Global Haptic Technology Market Forecast: Breakup by Component (USD Billion), 2021-2026
6.    Global Haptic Technology Historical Market: Breakup by Feedback (USD Billion), 2016-2020
7.    Global Haptic Technology Market Forecast: Breakup by Feedback (USD Billion), 2021-2026
8.    Global Haptic Technology Historical Market: Breakup by Application (USD Billion), 2016-2020
9.    Global Haptic Technology Market Forecast: Breakup by Application (USD Billion), 2021-2026
10.    Global Haptic Technology Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Haptic Technology Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Haptic Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Haptic Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Haptic Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Haptic Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Haptic Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Haptic Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Haptic Technology Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 14% between 2021 and 2026.

The major drivers of the industry, such as increasing digitization, rising demands for consumer electronics devices, and improvements in technologies are expected to aid the market growth.

The key market trend guiding the growth of the haptic technology market is increasing rural penetration of internet, especially in emerging economies.

The major regions in the industry are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The leading technologies in the industry are resistive technology, captive technology, among others.

The leading component types in the industry are microcontrollers, drivers, actuators, and software, among others.

The segments include force and tactile.

The major application sectors in the industry are automotive and transportation, consumer electronics, education and research, healthcare, engineering, and gaming, among others.

The major players in the industry are Immersion Corporation, Johnson Electric Holdings Limited, Force Dimension, 3D Systems, Inc., and Ultraleap Limited, among others.

Analyst Review

The global haptic technology market is being driven by rising demands for consumer electronics devices. Aided by technological advancements, the market is expected to grow at a CAGR of 14% in the forecast period of 2021-2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By technology, the market is bifurcated into resistive technology, captive technology, among others. Based on component, the market is divided into microcontrollers, drivers, actuators, and software, among others. On the basis of feedback, the market is divided into force, and tactile. Based on application, the industry is majorly divided into automotive and transportation, consumer electronics, education and research, healthcare, engineering, and gaming, among others. The major regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Immersion Corporation, Johnson Electric Holdings Limited, Force Dimension, 3D Systems, Inc., and Ultraleap Limited among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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