The global haptic technology market size is expected to grow from USD 2.6 billion in 2021 to USD 4.8 billion by 2028, at a CAGR of 12.0%. The market has a promising growth potential due to several factors, including the growing adoption of haptic technology in the medical industry, the rising adoption of haptics in consumer devices, and the growing adoption of haptic technology in automotive safety applications.
The market is expected to decline in 2020, mainly due to the impact of COVID-19. The consumer electronics and automotive supply chains were disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in these industries due to travel restrictions, which would affect the haptic technology market. Though the market is expected to be impacted in 2020, it is expected to fully recover by 2021.
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The data sources include but not limited to reports of companies, international organizations and governments, MMI market surveys,and related industry news.
The market research includes historical and forecast data from like demand, application details, price trends, and company shares of the leading Haptics Technology by geography, especially focuses on the key regions like United States, European Union, China, and other regions.
In addition, the report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global Haptics Technology market discussed. Overall, this report covers the historical situation, present status and the future prospects of the global Haptics Technology market for 2019-2028.
Finally, the report provides detailed profile and data information analysis of leading company.
Jinlong Machinery & Electronics
Market Segment by Product Type
Drivers & Controllers
Market Segment by Product Application
Mobile Terminal (Smartphone/Tablet)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)
Table of Content
1.1 Study Objectives
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.4 Inclusions and Exclusions
1.5 Years Considered
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Haptic Technology Market: Process Flow of Market Size Estimation
Figure 2 Haptic Technology Market: Research Design
2.1.1 Secondary Data
188.8.131.52 Key Data from Secondary Sources
2.1.2 Primary Data
184.108.40.206 Key Industry Insights
220.127.116.11 Breakdown of Primaries
18.104.22.168 Key Data from Primary Sources
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology: Supply Side Analysis
Figure 4 Market Size Estimation Methodology: Approach 2 (Supply Side) Identification of Revenue Generated by Companies from Haptic Technology Offerings
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach for Estimating Haptic Technology Market Size
2.2.1 Bottom-Up Approach
22.214.171.124 Approach for Capturing Market Size by Bottom-Up Analysis (Demand Side)
Figure 6 Haptic Technology Market: Bottom-Up Approach
2.2.2 Top-Down Approach
126.96.36.199 Approach for Capturing Market Size by Top-Down Analysis (Supply Side)
Figure 7 Haptic Technology Market: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 8 Data Triangulation
2.4 Research Assumptions
Figure 9 Assumptions for Research Study
3 Executive Summary
Figure 10 Software Segment to Register Higher CAGR During Forecast Period
Figure 11 Tactile Feedback Type to Exhibit Higher CAGR During Forecast Period
Figure 12 Automotive & Transportation Application to Record Highest CAGR During Forecast Period
Figure 13 APAC Haptic Technology Market to Exhibit Highest CAGR During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in Haptic Technology Market
Figure 14 Increasing Integration of Haptics into Consumer Electronic Devices to Boost Growth of Market
4.2 Haptic Technology Market for Hardware, by Component
Figure 15 Market for Actuators to Register Higher CAGR During Forecast Period
4.3 Haptic Technology Market in Apac, by Country and Application
Figure 16 China and Consumer Devices Segment Held Largest Shares of Haptic Technology Market in APAC in 2020
4.4 Country-Wise Haptic Technology Market Growth Rate
Figure 17 China to Record Highest CAGR in Haptic Technology Market During Forecast Period
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