Haptic Technology Global Market Is Expected To Grow At A Rate Of 11.3% Through 2023 – 2027
25 Oct, 2023
The global haptic technology market is projected to increase from $8.61 billion in 2022 to $9.68 billion in 2023, reflecting a compound annual growth rate (CAGR) of 12.4%. Furthermore, the market size for global haptic technology is anticipated to attain $14.85 billion by 2027, with a CAGR of 11.3%.
Global Haptic Technology Market Key Driver
The increasing prevalence of consumer electronics is poised to drive the expansion of the haptic technology market in the coming years. Consumer electronics encompass electronic devices and gadgets crafted for individual use and personal consumption. Haptic technology enriches the user experience in consumer electronics by incorporating tactile feedback, rendering interactions more instinctive, immersive, and captivating for users.
Get a Sample of the global haptic technology market reportGlobal Haptic Technology Market Segments
The global haptic technology market 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
6) By Geography: The regions covered in the haptic technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global haptic technology market.
Major Haptic Technology Industry Players
Haptic Technology Market Overview
Haptic technology encompasses the realm of touch-based sensations, enabling users to perceive physical sensations and feedback from virtual or distant environments by engaging their sense of touch.
Haptic Technology Global Market Report 2023 provides data on the global haptic technology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The haptic technology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.