Haptics market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

News provided by

Dec 13, 2022, 07:30 ET

NEW YORK, Dec. 13, 2022 /PRNewswire/ -- According to Technavio, the global haptics market size is expected to grow by USD 7,523.18 million from 2022 to 2027. The market is estimated to grow at a CAGR of 11.4% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for the largest share of the global market growth during the forecast period.

Discover some insights on market size before buying the full report. Request a sample report!

Technavio has announced its latest market research report titled Global Haptics Market 2023-2027

Global haptics market - Parent market analysis

Technavio categorizes the global haptics market as a part of the technology hardware, storage, and peripherals market, which covers manufacturers of cellular phones, personal computers, servers, electronic computer components, and peripherals. The market also includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals.

Find insights on parent market and value chain analysis. Download an exclusive sample!

Global haptics market - Five forces

The global haptics market is fragmented, and the five forces analysis covers–

Bargaining power of buyers
Threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
For more details about Porter's five forces model – buy the report!

Global haptics market – Customer landscape

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on the penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global haptics market - Segmentation assessment

Segment overview

Technavio has segmented the market based on application, component, and region.

The consumer electronics segment will grow at the highest rate during the forecast period. Consumer electronic devices include gaming consoles, smart bands, smartphones, smartwatches, tablets, and others. Haptics are used significantly in consumer electronics devices, especially in touchscreen interfaces. The demand for advanced touchscreen controls has increased owing to the changing market dynamics and rising consumer expectations. Such factors are expected to drive the growth of this segment during the forecast period.

Geography overview

Based on geography, the global haptics market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global haptics market.

APAC will account for 71% of the global haptics market growth during the forecast period. The market in the region is estimated to grow at the fastest pace. The growth of the market in the region is attributed to factors such as the presence of major consumer electronics devices and automotive manufacturers. Moreover, the growth of the smartphone market has encouraged various smartphone OEMs to establish their own manufacturing facilities in APAC.

Download a sample report

Global haptics market – Market dynamics

Key factors driving market growth

The adoption of HD haptics is driving market growth.
The implementation of HD haptics enhances user experience. For example, with the help of HD haptics technology, players of video games can feel the bumps and crashes while playing racing games.
Moreover, there are several opportunities for the use of HD haptics technology in mobile devices. Thus, the increasing adoption of HD haptics in mobile phones is expected to drive the growth of the global haptics market during the forecast period.

Recent trends influencing the market

The emergence of ultrahaptics is a key trend in the market.
The use of floating touchscreens can drive the global haptics market in the automotive segment. This technology would enable drivers to use infotainment systems without interference.
Thus, the emergence of ultrahaptics is one of the major trends that are expected to drive the growth of the global haptics market during the forecast period.

Major challenges hindering market growth

High power consumption is challenging market growth. Engineers and designers are concerned with the power consumption of haptic technology in battery-critical applications.
HD haptics requires several actuators, amplifiers, and sensors for multiple effects, which results in higher power consumption. Hence, battery consumption for HD haptics applications in mobile devices is higher when compared to basic haptics.
Thus, high power consumption will impede the growth of the global haptics market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this haptic market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the haptic market between 2023 and 2027
Precise estimation of the size of the haptic market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the haptic market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of haptic market vendors

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related reports:

The computer accessories market size is expected to grow by USD 4,616.8 million with a CAGR of 5.86% between 2022 to 2027. The market is segmented by product (external HDDs, gaming accessories, portable speakers, pointing devices, and others), end-user (business sector and consumer sector) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
The mobile phone accessories market size is expected to grow by USD 32.73 billion with a CAGR of 6% between 2021 to 2026. The market is segmented by product (protective cases, screen protectors, headphones and earphones, wired chargers, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

Haptics Market Scope
Report Coverage	Details
Page number	172
Base year	2022
Historic Period	2017 -2021
Forecast period	2023 -2027
Growth momentum & CAGR	Accelerate at a CAGR of 11.4%
Market growth 2023-2027	USD 7,523.18 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	10.5
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	APAC at 71%
Key countries	US, China, Japan, South Korea, and India
Competitive landscape	Leading companies, market positioning of vendors, competitive strategies, and industry risks
Leading vendors, market positioning of vendors	3D Systems Corp, AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd, Analog Devices Inc., Dongwoon Anatech Co. Ltd., Force Dimension, HAPTION SA, IMAGIS Co. Ltd., Immersion Corp., Infineon Technologies AG, Johnson Electric Holdings Ltd, Microchip Technology Inc., ON Semiconductor Corp, OSRAM GmbH, Precision Microdrives Ltd., SMK Corp., Synaptics Inc., Texas Instruments Inc., Toyoda Gosei Co. Ltd., and Ultraleap Ltd.
Market dynamics	Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for information technology market reports

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global haptics market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global haptics market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Component Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Consumer electronics - Market size and forecast 2022-2027

Exhibit 34: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

6.4 Automotive and transportation - Market size and forecast 2022-2027

Exhibit 38: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)

6.5 Others - Market size and forecast 2022-2027

Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Application

Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Component

7.1 Market segments

Exhibit 47: Chart on Component - Market share 2022-2027 (%)
Exhibit 48: Data Table on Component - Market share 2022-2027 (%)

7.2 Comparison by Component

Exhibit 49: Chart on Comparison by Component
Exhibit 50: Data Table on Comparison by Component

7.3 Hardware - Market size and forecast 2022-2027

Exhibit 51: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

7.4 Software - Market size and forecast 2022-2027

Exhibit 55: Chart on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Software - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Component

Exhibit 59: Market opportunity by Component ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027

Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 Japan - Market size and forecast 2022-2027

Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.10 US - Market size and forecast 2022-2027

Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

9.11 South Korea - Market size and forecast 2022-2027

Exhibit 97: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027

Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 108: Overview on factors of disruption

11.4 Industry risks

Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 110: Vendors covered

12.2 Market positioning of vendors

Exhibit 111: Matrix on vendor position and classification

12.3 3D Systems Corp

Exhibit 112: 3D Systems Corp - Overview
Exhibit 113: 3D Systems Corp - Business segments
Exhibit 114: 3D Systems Corp - Key news
Exhibit 115: 3D Systems Corp - Key offerings
Exhibit 116: 3D Systems Corp - Segment focus

12.4 AAC Technologies Holdings Ltd.

Exhibit 117: AAC Technologies Holdings Ltd. - Overview
Exhibit 118: AAC Technologies Holdings Ltd. - Business segments
Exhibit 119: AAC Technologies Holdings Ltd. - Key offerings
Exhibit 120: AAC Technologies Holdings Ltd. - Segment focus

12.5 Alps Alpine Co. Ltd

Exhibit 121: Alps Alpine Co. Ltd - Overview
Exhibit 122: Alps Alpine Co. Ltd - Business segments
Exhibit 123: Alps Alpine Co. Ltd - Key news
Exhibit 124: Alps Alpine Co. Ltd - Key offerings
Exhibit 125: Alps Alpine Co. Ltd - Segment focus

12.6 Analog Devices Inc.

Exhibit 126: Analog Devices Inc. - Overview
Exhibit 127: Analog Devices Inc. - Business segments
Exhibit 128: Analog Devices Inc. - Key offerings
Exhibit 129: Analog Devices Inc. - Segment focus

12.7 Dongwoon Anatech Co. Ltd.

Exhibit 130: Dongwoon Anatech Co. Ltd. - Overview
Exhibit 131: Dongwoon Anatech Co. Ltd. - Product / Service
Exhibit 132: Dongwoon Anatech Co. Ltd. - Key offerings

12.8 IMAGIS Co. Ltd.

Exhibit 133: IMAGIS Co. Ltd. - Overview
Exhibit 134: IMAGIS Co. Ltd. - Product / Service
Exhibit 135: IMAGIS Co. Ltd. - Key offerings

12.9 Immersion Corp.

Exhibit 136: Immersion Corp. - Overview
Exhibit 137: Immersion Corp. - Business segments
Exhibit 138: Immersion Corp. - Key offerings
Exhibit 139: Immersion Corp. - Segment focus

12.10 Infineon Technologies AG

Exhibit 140: Infineon Technologies AG - Overview
Exhibit 141: Infineon Technologies AG - Business segments
Exhibit 142: Infineon Technologies AG - Key news
Exhibit 143: Infineon Technologies AG - Key offerings
Exhibit 144: Infineon Technologies AG - Segment focus

12.11 Johnson Electric Holdings Ltd

Exhibit 145: Johnson Electric Holdings Ltd - Overview
Exhibit 146: Johnson Electric Holdings Ltd - Business segments
Exhibit 147: Johnson Electric Holdings Ltd - Key offerings
Exhibit 148: Johnson Electric Holdings Ltd - Segment focus

12.12 Microchip Technology Inc.

Exhibit 149: Microchip Technology Inc. - Overview
Exhibit 150: Microchip Technology Inc. - Business segments
Exhibit 151: Microchip Technology Inc. - Key offerings
Exhibit 152: Microchip Technology Inc. - Segment focus

12.13 ON Semiconductor Corp

Exhibit 153: ON Semiconductor Corp - Overview
Exhibit 154: ON Semiconductor Corp - Business segments
Exhibit 155: ON Semiconductor Corp - Key offerings
Exhibit 156: ON Semiconductor Corp - Segment focus

12.14 Precision Microdrives Ltd.

Exhibit 157: Precision Microdrives Ltd. - Overview
Exhibit 158: Precision Microdrives Ltd. - Product / Service
Exhibit 159: Precision Microdrives Ltd. - Key offerings

12.15 SMK Corp.

Exhibit 160: SMK Corp. - Overview
Exhibit 161: SMK Corp. - Business segments
Exhibit 162: SMK Corp. - Key offerings
Exhibit 163: SMK Corp. - Segment focus

12.16 Synaptics Inc.

Exhibit 164: Synaptics Inc. - Overview
Exhibit 165: Synaptics Inc. - Product / Service
Exhibit 166: Synaptics Inc. - Key news
Exhibit 167: Synaptics Inc. - Key offerings

12.17 Texas Instruments Inc.

Exhibit 168: Texas Instruments Inc. - Overview
Exhibit 169: Texas Instruments Inc. - Business segments
Exhibit 170: Texas Instruments Inc. - Key news
Exhibit 171: Texas Instruments Inc. - Key offerings
Exhibit 172: Texas Instruments Inc. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 175: Currency conversion rates for US$

13.4 Research methodology

Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources

13.5 List of abbreviations

Exhibit 179: List of abbreviations

About us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio