Haptic Technology Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware, Software), Feedback (Force, Vibration, Others), Usage (Touchable, Graspable, Wearable), End-use Industry (Consumer Electronics, Gaming, Others) and Geography - Global Forecast to 2031

The Haptic Technology Market was valued at $3.5 billion in 2023. This market is expected to reach $6.3 billion by 2031 from an estimated $3.8 billion in 2024, at a CAGR of 7.6% during the forecast period of 2024-2031.

Haptic Technology Market Size & Forecast

The growth of this market is driven by increased integration of haptic technology in consumer electronics, high adoption of haptic technology in healthcare industry, and surge in demand for immersive experiences. Furthermore, the growing use of haptic technology in automotive industry and technological advancement in haptic technology are expected to generate the growth opportunities for the stakeholders in this market.

Key Findings in the Haptic Technology Market

• By Offering: The Hardware Segment to Dominate the Haptic Technology Market in 2024
• By Feedback Type: The Tactile Feedback Segment to Dominate the Haptic Technology Market in 2024
• By Usage: The Touchable Haptics Segment to Dominate the Haptic Technology Market in 2024
• By End-use Industry: The Consumer Electronics Segment to Dominate the Haptic Technology Market in 2024
• By Geography: Asia-Pacific to Dominate the Haptic Technology Market in 2024

Haptic Technology Market Drivers

Increased Integration of Haptic Technology in Consumer Electronics

Haptic technology has been gaining traction in consumer electronics, enhancing user experiences across various devices. Devices such as smartphones and tablets now feature advanced haptic engines that deliver nuanced sensations during typing, gaming, and notifications, making interactions more immersive. Haptics enables users to touch and control virtual objects, enhancing the human-computer interaction experience by making it more intuitive. As more and more devices become touch-enabled, the importance of integrating haptics in their design becomes more significant. Wearables like smartwatches utilize haptic alerts for discreet notifications, while fitness devices offer guidance through physical feedback.

Furthermore, rising focus of manufacturers to integrate haptic technology in consumer electronics devices to enhance user experience and make virtual interactions more immersive, intuitive, and satisfying is also expected to drive the market growth. Some of the recent developments in the market space are as follows:

• In December 2023, AAC Technologies (Hong Kong), a global leader in haptics products including RichTap®, partnered with UltraSense Systems (U.S.), innovators of SmartSurface touch interfaces, to create holistic touch experience solutions for automotive and consumer electronics markets.
• In February 2023, The Indian Institute of Technology (IIT) Kanpur entered into a technology transfer MoU with Ambrane India for mass manufacturing and sales of the haptic smart watch for blind and visually impaired.

Haptic Technology Market Trends

Integration of Haptics in Mobile Gaming and Consoles for Immersive Experience

The integration of haptic technology in mobile gaming and consoles is revolutionizing the gaming experience by providing players with a deeper sense of immersion. The latest advances in haptics technology included in smartphones open an incredible range of possibilities for user experience (UX) in mobile games. Several players operating in the market are taking initiatives to empower mobile apps with haptics and haptic feedback to significantly increase user attention. For instance, in May 2021, Interhaptics (France) launched its Haptic Mobile Games Demonstrator both on Google Play Store and Apple Store to enhance user experience (UX) with haptic feedback in mobile games.

Furthermore, consoles have taken haptic technology a step further with controllers that feature sophisticated haptic engines. For instance, the PlayStation 5’s DualSense controller uses adaptive triggers and precise vibrations to simulate various environmental effects, allowing players to experience everything from the texture of surfaces to the intensity of actions, such as racing or shooting. This level of feedback creates a more lifelike connection to the game world, making every action feel more real and impactful. Therefore, the integration of haptics in mobile gaming and consoles for immersive experience is a popular trend in the market.

Haptic Technology Market Analysis: Top Market Opportunity

In 2024, the Tactile Feedback Segment is Expected to Dominate the Haptic Technology Market

Based on feedback type, the global haptic technology market is segmented into force feedback, vibration feedback, tactile feedback, kinesthetic feedback, thermal feedback, texture feedback, and electrotactile feedback. In 2024, the tactile feedback segment is estimated to account for the largest share of the global haptic technology market. Tactile feedback refers to vibrations or localized sensations on the skin, commonly used in consumer electronics like smartphones and wearables. It provides quick notifications or enhances touch interactions, making interfaces more engaging and intuitive. The large share of this segment is attributed to the improvements in haptic actuators and sensors; increased use of tactile feedback in the gaming sector to improve player engagement and immersion; and growing popularity of wearables, such as smartwatches and fitness trackers, which leverages tactile feedback for notifications and health monitoring

However, the vibration feedback segment is expected to grow at the highest CAGR during the forecast period of 2024 to 2031. Vibration feedback in haptics refers to the use of tactile sensations, typically through vibrations, to enhance user interaction with devices. This technology simulates the sense of touch, providing users with physical responses to their actions, which can improve the overall experience in various applications. Rising use of wearables, such as smartwatches and fitness trackers; growing need for realistic sensory feedback in AR, VR; and increasing use of vibration feedback in gaming industry are the factors driving the growth of the segment.

Geographical Analysis

Asia-Pacific Dominates the Haptic Technology Market in 2024

In 2024, Asia-Pacific is estimated to account for the largest share of the global haptic technology market. The large share of Asia-Pacific in the haptic technology market is primarily attributed to the high demand of consumer electronics devices, rapid expansion of the gaming industry and technological advancement. Asia-Pacific is also expected to grow at the highest CAGR during the forecast period. This market's growth is attributed to factors like rising integration of haptic feedback in vehicle controls for safety and user convenience, increasing usage of haptic technology in medical devices and assistive technologies to improve user interaction and feedback.

Key Companies

The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years (2021-2024). The key players profiled in the global haptic technology market report are Texas Instruments, Inc. (U.S.), Immersion Corporation (U.S.), Force Dimension (Switzerland), Haption S.A.(France), 3D Systems, Inc. (U.S.), Johnson Electric (Hong Kong), AAC Technologies (Hong Kong), TDK Corporation (Japan), Microchip Technology (U.S.), Precison Microdrives (U.K.), Synaptics Incorporated (U.S.), Ultraleap (U.K.), AITO BV (Netherlands), ALPS ALPINE CO., LTD. (Japan), Infeneon Technologies (Germany), Analog Devices, Inc (U.S.), and Renesas Electronics Corporation (Japan).

Haptic Technology Industry Overview: Latest Developments from Key Industry Players

• In April 2024, TITAN Haptics (Canada) announced a new manufacturing program aimed at supporting startups and technology innovators focusing on haptics. This initiative is designed to eliminate common barriers in the production process, enabling a smoother transition from innovative concepts to market-ready haptic products.
• In February 2024, Interhaptics (France) partnered with XeelTech (Austria) to deliver state-of-the-art haptic solutions across a wide range of industries, pushing the boundaries of immersive and interactive applications.
• In August 2022, Immersion Corporation (U.S.) signed a license agreement with ELAN Microelectronics Corporation (Taiwan), a leading human-machine interface solution provider, to make Immersion haptic patent licenses available to PC laptop OEMs through ELAN’s best-in-class Smart-Haptic Pad Technology.
• In April 2022, Cambridge Mechatronics (U.K.), collaborated with Interhaptics (France) to combine their technologies and bring a cutting-edge AR/VR haptics technology demonstrator to the market.
• In January 2021, Sensel (U.S.) unveiled its newest Haptic Touchpad. Sensel's Haptic Touchpad combines three different proprietary technologies to create a uniquely satisfying and advanced interactive experience.

Haptic Technology Market Research Summary

Key questions answered in the report: