GLOBAL HAPTIC TECHNOLOGY MARKET FORECAST 2018-2026

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GLOBAL HAPTIC TECHNOLOGY MARKET FORECAST 2018-2026

 Global Haptic Technology market is expected to grow with a 15.46% CAGR during the forecast period of 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the drivers that are boosting the market growth are Increasing adoption of haptics in consumer electronics devices. Growing use of Touch Screen Interfaces. Growing demand for haptics in gaming consoles.

GLOBAL HAPTIC TECHNOLOGY MARKET FORECAST 2018-2026

 

Haptic Technology Market by Feedback Type (Tactile Feedback, Force Feedback) by Components (Actuator, Eccentric Rotating Mass (Erm), Piezoelectric Actuator Linear Resonant Actuators (Lras) Electroactive Polymer Actuators, Drivers & Controllers, Software, Other Components) by Application (Consumer Electronics, Engineering, Gaming, Automotive & Transportation, Education & Research, Healthcare & Other Applications) by Geography

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Global Haptic Technology market is expected to grow with a 15.46% CAGR during the forecast period of 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the drivers that are boosting the market growth are:

  • Increasing adoption of haptics in consumer electronics devices.
  • Growing use of Touch Screen Interfaces
  • Growing demand for haptics in gaming consoles.
  • Integration of haptic technology in automotive safety applications & in education display technology.
  • Potential demand for haptics in holographic display products.

HAPTIC TECHNOLOGY MARKET

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However, the increasing use of consumer electronic devices such as smartphones, tablets, and other smart wearable devices is the primary factor, which is responsible for the advancement of the market. Almost all the smartphones and tablets are inbuilt with haptics, and the trend is now being shifted to smartwatches and wristbands. In the year 2016, the number of smartphone users were calculated to be around 2.1 billion, and they are further expected to reach 2.87 billion by the year 2025. This ensures a promising growth for the market in the coming years.

Tactile feedback segment accounted for the largest share of the global haptic technology market in 2017. Tactile feedback has been considerably used in smartphones and tablets over the past five years. With the increased demand for these devices, the market for haptic has also increased considerably. While force feedback haptic has been used in surgical and other simulation applications for over a decade now, the market has been growing at a steady rate till now.  The market is expected to grow rapidly after 2025 on account of the several new developments and is also set to gain a fraction of the end-user sectors to commercialize significantly.

With the increased adoption of haptic technology, newer challenges have been introduced into the market. Declining adoption of the force feedback haptic technology due to the high costs associated with it, high power consumption, low consumer awareness and the technical challenges related to product designing, are some of the major issues that are profoundly pulling back the haptic technology market.

The Global Haptic Technology market is segmented by feedback type, its components, and applications. These segments are further classified as follows:

By Feedback Type;

  • Tactile Feedback
  • Force Feedback

By Components;

  • Actuators
    • Eccentric Rotating Mass (ERM)
    • Piezoelectric actuator
    • Linear Resonant Actuators (LRAS)
    • Electroactive Polymer Actuators
  • Drivers & Controllers
  • Software
    • Control Software
    • Application Software
  • Other Components

By Applications;

  • Consumer Electronics
  • Engineering
  • Gaming
  • Automotive & Transportation
  • Education & Research
  • Healthcare
  • Other Applications

On the basis of geography, the global haptic technology market has been segmented into four major regions;

Asia Pacific is the largest revenue generator for the global haptic technology market. Large target group or consumer base for consumer electronics augmented the internet and smartphone penetration in this region. The growing use of internet-enabled devices is primarily responsible for the dominant position of the Asia Pacific region in the global market.  Also, the rising demand for mobile devices and wearables from countries such as China, India, Japan, and South Korea are expected to drive the adoption of haptic technology in this region. These countries are also the largest producers of automotive components and hold the most number of consumer electronics manufacturers such as Fujitsu, HTC, LG, Lenovo, Meizu, Panasonic, Samsung, Sony, and Xiaomi. However, rest of world geographic region, which includes the Middle East & Africa and Latin America regions, is expected to be the fastest evolving market. These two regions are primarily driven by the increasing demand for consumer electronics and the integration of haptics into several devices across automotive, healthcare, gaming, and AR & VR applications.

Overall, the Haptic Technology market is segmented by its feedback type, namely, tactile feedback and force feedback. Further, the market is segmented by components, such as actuators, drivers, controllers, software and other components. The actuators segment is further divided into four sub-segments namely, eccentric rotating mass (ERM), piezoelectric actuators, linear resonant actuators (LRAS) and electroactive polymer actuators. Similarly, software segment is divided into control software and application software. The third segment of the overall market is based on its applications, which includes, consumer electronics, engineering, gaming, automotive & transportation, education & research, healthcare, and others.

The key companies operating in the global Haptic Technology market are;

  • Immersion Corporation
  • Johnson Electric
  • Texas Instruments
  • 3D Systems
  • Ultrahaptics
  • And others

Company profiles of the key market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, or new product launch, to gain a competitive edge over each other. In 2017, LG Electronics, Inc., extended its agreement with Immersion, to use Immersion’s TouchSense® technology for high-definition haptics in LG Electronics’ smartphones. This agreement will help in enhancing LG smart phone’s haptic capabilities. In the same year, Ultrahaptics collaborated with HARMAN International Industries, Inc. to integrate mid-air haptic sensations into connected cars.

Key findings of the global Haptic Technology market:

  • Asia Pacific accounts for the largest market share of the overall Haptic Technology market.
  • Consumer Electronics is the key end-user industry for the overall Haptic Technology Market.
  • Tactile Feedback dominates the Haptic Technology market by holding a major chunk of the market.
  • The Haptic Technology market is witnessing a major transformation in terms of the investments for both R&D activities and product development.
  • Immersion is the only vendor in the global haptic technology market that maintains a strong position, with over 2,000 issued/pending patents.
  • The rising use of touch screens, touch panels, and touch pads in automobiles will create a strong demand for haptic technology.
  • The implementation of high-definition (HD) haptics in mobile devices & ultra haptics will likely take place during the forecast period.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC IS THE MOST PROMISING MARKETPLACE
      • TACTILE HAPTIC TECHNOLOGY ACCOUNTS FOR THE LARGEST SHARE
      • CONSUMER ELECTRONICS – KEY END-USER INDUSTRY
      • EMERGENCE OF HD HAPTICS & ULTRA HAPTICS
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • DRIVERS
      • INCREASING ADOPTION OF HAPTICS IN CONSUMER ELECTRONIC DEVICES
      • GROWING DEMAND FOR HAPTICS IN GAMING CONSOLES
      • HAPTIC TECHNOLOGY IN AUTOMOTIVE SAFETY APPLICATIONS
      • GROWING USE OF TOUCH SCREEN INTERFACES
    • RESTRAINTS
      • DECLINING ADOPTION OF FORCE FEEDBACK HAPTIC TECHNOLOGY DUE TO HIGH COST
      • HIGH POWER CONSUMPTION
    • OPPORTUNITIES
      • USE OF HAPTICS FOR THE VISUALLY IMPAIRED
      • POTENTIAL DEMAND FOR HAPTIC TECHNOLOGY IN HOLOGRAPHIC DISPLAY PRODUCTS
      • USE IN EDUCATION DISPLAY TECHNOLOGY
    • CHALLENGES
      • TECHNICAL CHALLENGES RELATED TO PRODUCT DESIGN
      • LOW CONSUMER AWARENESS
  1. MARKET BY FEEDBACK TYPE
    • TACTILE FEEDBACK
    • FORCE FEEDBACK
  2. MARKET BY COMPONENTS
    • ACTUATORS
      • ECCENTRIC ROTATING MASS (ERM)
      • PIEZOELECTRIC ACTUATOR
      • LINEAR RESONANT ACTUATORS (LRAS)
      • ELECTROACTIVE POLYMER ACTUATORS
    • DRIVERS & CONTROLLERS
    • SOFTWARE
      • CONTROL SOFTWARE
      • APPLICATION SOFTWARE
    • OTHER COMPONENTS
  3. MARKET BY APPLICATION
    • CONSUMER ELECTRONICS
    • ENGINEERING
    • GAMING
    • AUTOMOTIVE & TRANSPORTATION
    • EDUCATION & RESEARCH
    • HEALTHCARE
    • OTHER APPLICATIONS
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • TECHNOLOGY SUPPLIERS
      • COMPONENT SUPPLIERS
        • ACTUATOR VENDORS
        • CONTROLLER INTEGRATED CIRCUITS VENDORS
      • DEVICE MANUFACTURERS
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPANY PROFILES
    • 3D SYSTEMS
    • DENSITRON TECHNOLOGIES
    • FORCE DIMENSION
    • HAPTION S.A.
    • IMAGIS, LTD.
    • IMMERSION CORPORATION
    • JOHNSON ELECTRIC HOLDINGS LIMITED
    • MICROCHIP TECHNOLOGY INCORPORATED
    • ON SEMICONDUCTOR CORPORATION
    • PRECISION MICRODRIVES LTD.
    • SENSEG OY
    • SMK CORPORATION
    • SYNAPTICS INCORPORATED
    • TEXAS INSTRUMENTS, INC.
    • ULTRAHAPTICS

 

TABLE LIST

TABLE 1: GLOBAL HAPTIC TECHNOLOGY MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 2: GLOBAL HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE, 2018-2026, (IN $ MILLION)

TABLE 3: GLOBAL TACTILE FEEDBACK MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 4: GLOBAL FORCE FEEDBACK MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 5: GLOBAL HAPTIC TECHNOLOGY MARKET, BY COMPONENTS, 2018-2026 (IN $ MILLION)

TABLE 6: GLOBAL ACTUATORS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 7: GLOBAL DRIVERS & CONTROLLERS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 8: GLOBAL SOFTWARE MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 9: GLOBAL OTHER COMPONENTS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 10: GLOBAL HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 11: GLOBAL CONSUMER ELECTRONICS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 12: GLOBAL ENGINEERING MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 13: GLOBAL GAMING MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 14: GLOBAL AUTOMOTIVE & TRANSPORTATION MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 15: GLOBAL EDUCATION & RESEARCH MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 16: GLOBAL HEALTHCARE MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 17: GLOBAL OTHER APPLICATIONS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 18: OPPORTUNITY MATRIX FOR HAPTIC TECHNOLOGY MARKET

TABLE 19: VENDOR LANDSCAPE OF HAPTIC TECHNOLOGY MARKET

TABLE 20: GLOBAL HAPTIC TECHNOLOGY MARKET, BY GEOGRAPHY, 2018-2026, (IN $ MILLION)

TABLE 21: NORTH AMERICA HAPTIC TECHNOLOGY MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 22: NORTH AMERICA HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE, 2018-2026 (IN $ MILLION)

TABLE 23: NORTH AMERICA HAPTIC TECHNOLOGY MARKET, BY COMPONENTS, 2018-2026 (IN $ MILLION)

TABLE 24: NORTH AMERICA HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 25: UNITED STATES HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 26: CANADA HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 27: MEXICO HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 28: EUROPE HAPTIC TECHNOLOGY MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 29: EUROPE HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE, 2018-2026 (IN $ MILLION)

TABLE 30: EUROPE HAPTIC TECHNOLOGY MARKET, BY COMPONENTS, 2018-2026 (IN $ MILLION)

TABLE 31: EUROPE HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 32: GERMANY HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 33: UNITED KINGDOM HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 34: FRANCE HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 35: REST OF EUROPE HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 36: ASIA PACIFIC HAPTIC TECHNOLOGY MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 37: ASIA PACIFIC HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE, 2018-2026 (IN $ MILLION)

TABLE 38: ASIA PACIFIC HAPTIC TECHNOLOGY MARKET, BY COMPONENTS, 2018-2026 (IN $ MILLION)

TABLE 39: ASIA PACIFIC HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 40: CHINA HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 41: JAPAN HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 42: SOUTH KOREA HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 43: REST OF ASIA PACIFIC HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 44: REST OF WORLD HAPTIC TECHNOLOGY MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 45: REST OF WORLD HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE, 2018-2026 (IN $ MILLION)

TABLE 46: REST OF WORLD HAPTIC TECHNOLOGY MARKET, BY COMPONENTS, 2018-2026 (IN $ MILLION)

TABLE 47: REST OF WORLD HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 48: LATIN AMERICA HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

TABLE 49: MIDDLE EAST & AFRICA HAPTIC TECHNOLOGY MARKET, BY APPLICATION, 2018-2026 (IN $ MILLION)

FIGURE LIST

FIGURE 1: GLOBAL HAPTIC TECHNOLOGY MARKET, BY APPLICATIONS, 2017 & 2026 (IN %)

FIGURE 2: SMARTPHONE USERS IN ASIA PACIFIC, 2015-2019 (IN MILLION)

FIGURE 3: GLOBAL HAPTIC TECHNOLOGY MARKET, BY TACTILE FEEDBACK TYPE, 2017 & 2026 (IN $ MILLION)

FIGURE 4: SMARTPHONE USERS ACROSS THE WORLD, 2016-2020 (IN BILLION)

FIGURE 5: HAPTIC TECHNOLOGY MARKET, BY FEEDBACK TYPE

FIGURE 6: GLOBAL HAPTIC TECHNOLOGY MARKET, BY TACTILE FEEDBACK, 2018-2026 (IN $ MILLION)

FIGURE 7: GLOBAL HAPTIC TECHNOLOGY MARKET, BY FORCE FEEDBACK, 2018-2026 (IN $ MILLION)

FIGURE 8: GLOBAL HAPTIC TECHNOLOGY MARKET, BY ACTUATORS, 2018-2026 (IN $ MILLION)

FIGURE 9: GLOBAL HAPTIC TECHNOLOGY MARKET, BY DRIVERS & CONTROLLERS, 2018-2026 (IN $ MILLION)

FIGURE 10: GLOBAL HAPTIC TECHNOLOGY MARKET, BY SOFTWARE, 2018-2026 (IN $ MILLION)

FIGURE 11: GLOBAL HAPTIC TECHNOLOGY MARKET, BY OTHER COMPONENTS, 2018-2026 (IN $ MILLION)

FIGURE 12: GLOBAL HAPTIC TECHNOLOGY MARKET, BY APPLICATION

FIGURE 13: GLOBAL HAPTIC TECHNOLOGY MARKET, BY CONSUMER ELECTRONICS, 2018-2026 (IN $ MILLION)

FIGURE 14: GLOBAL HAPTIC TECHNOLOGY MARKET, BY ENGINEERING, 2018-2026 (IN $ MILLION)

FIGURE 15: GLOBAL HAPTIC TECHNOLOGY MARKET, BY GAMING, 2018-2026 (IN $ MILLION)

FIGURE 16: GLOBAL HAPTIC TECHNOLOGY MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2018-2026 (IN $ MILLION)

FIGURE 17: GLOBAL HAPTIC TECHNOLOGY MARKET, BY EDUCATION & RESEARCH, 2018-2026 (IN $ MILLION)

FIGURE 18: GLOBAL HAPTIC TECHNOLOGY MARKET, BY HEALTHCARE, 2018-2026 (IN $ MILLION)

FIGURE 19: GLOBAL HAPTIC TECHNOLOGY MARKET, BY OTHER APPLICATIONS, 2018-2026 (IN $ MILLION)

FIGURE 20: PORTER’S FIVE FORCE MODEL OF HAPTIC TECHNOLOGY MARKET

FIGURE 21: VALUE CHAIN OF HAPTIC TECHNOLOGY MARKET

FIGURE 22: GLOBAL HAPTIC TECHNOLOGY MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 23: UNITED STATES HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 24: CANADA HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 25: MEXICO HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 26: GERMANY HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 27: UNITED KINGDOM HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 28: FRANCE HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 29: REST OF EUROPE HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 30: CHINA HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 31: JAPAN HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 32: SOUTH KOREA HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 33: REST OF ASIA PACIFIC HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 34: LATIN AMERICA HAPTIC TECHNOLOGY MARKET, 2018-2026 (IN $ MILLION)

FIGURE 35: MIDDLE EAST AND AFRICA HAPTIC TECHNOLOGY MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

  1. MARKET BY FEEDBACK TYPE
    • TACTILE FEEDBACK
    • FORCE FEEDBACK
  2. MARKET BY COMPONENTS
    • ACTUATORS
      • ECCENTRIC ROTATING MASS (ERM)
      • PIEZOELECTRIC ACTUATOR
      • LINEAR RESONANT ACTUATORS (LRAS)
      • ELECTROACTIVE POLYMER ACTUATORS
    • DRIVERS & CONTROLLERS
    • SOFTWARE
      • CONTROL SOFTWARE
      • APPLICATION SOFTWARE
    • OTHER COMPONENTS
  3. MARKET BY APPLICATION
    • CONSUMER ELECTRONICS
    • ENGINEERING
    • GAMING
    • AUTOMOTIVE & TRANSPORTATION
    • EDUCATION & RESEARCH
    • HEALTHCARE
    • OTHER APPLICATIONS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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