The global haptic technology market size is expected to reach USD 9.05 Billion in 2032 and register a steady revenue CAGR of 12.0% during the forecast period, according to the latest analysis by Emergen Research. Growing use of haptic technology in automobile safety applications can be attributed to revenue growth of the haptic technology market. Drivers tend to perceive haptic feedback more quickly than visual and aural feedback, making it an effective replacement. Unlike dashboard light signals, tactile input is perceptible even in situations with significant cognitive strain, such as traffic jams. Also, it seems to be more efficient than visual or auditory feedback to alert drivers to emergency safety hazards. The hands of the steering wheel, for example, are in regular contact with various sections of the driver's body, making them prime locations for haptic stimulation while driving. Hence, ‘Haptic automobiles’ could benefit from utilizing haptic feedback to provide drivers with information.

The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the Haptic Technology industry for evaluation and predictive analysis. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Competitive Outlook: The leading companies operating in the Haptic Technology market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Haptic Technology Market and Profiled in the Report are:

Texas Instruments Incorporated, Johnson Electric Holdings Limited., AAC Technologies, TDK Corporation, Microchip Technology Inc., Immersion, Semiconductor Components Industries, LLC, Precision Microdrives, Synaptics Incorporated., Ultraleap

Objectives of the Report:

Study of the global Haptic Technology market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Haptic Technology market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Haptic Technology market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Haptic Technology market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Device Type Outlook (Revenue, USD Billion; 2019–2032)

  • Active Haptics
  • Passive Haptics

• Touch Screen Technology Type Outlook (Revenue, USD Billion; 2019–2032)

  • Capacitive
  • Resistive
  • Others

• Component Outlook (Revenue, USD Billion; 2019–2032)

  • Hardware
  • Software

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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