Haptics Global Strategic Business Report 2023: Market To Reach $47 Billion By 2030, From $16 Billion In 2022 - Ultrahaptics To Bring In A New Era

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The "Haptics - Global Strategic Business Report" report has been added to ResearchAndMarkets's offering.
Global Haptics Market to Reach $47 Billion by 2030
The global market for Haptics estimated at US$16.8 Billion in the year 2022, is projected to reach a revised size of US$47 Billion by 2030, growing at a CAGR of 13.7% over the analysis period 2022-2030. Tactile, one of the segments analyzed in the report, is projected to record 14.4% CAGR and reach US$36 Billion by the end of the analysis period. Growth in the Force segment is estimated at 11.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 16.2% CAGR
The Haptics market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 11.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.
Select Competitors (Total 119 Featured)

• Cypress Semiconductor Corporation
• Alps Alpine Co., Ltd.
• 3D Systems Inc. (USA)
• Alpine Electronics, Inc.
• CyberGlove Systems LLC
• Aito BV
• CUTECIRCUIT
• Ducere Technologies
• FundamentalVR
• Core
• Dexta Robotics
• exiii Inc.
• Butterfly Haptics
• Bristol Robotics Laboratory
• Dongwoon Anatech

Key Attributes:

Report Attribute	Details
No. of Pages	401
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$16.8 Billion
Forecasted Market Value (USD) by 2030	$47 Billion
Compound Annual Growth Rate	13.7%
Regions Covered	Global

MARKET TRENDS & DRIVERS

• Haptic Presents Potent Marketing Tool to Lift Customer Experience & Retention
• New Opportunities for Haptic Touchpads in Laptops
• World Shipment of Laptops in Million Units: 2016-2025
• Smart Homes and Home Automation Systems to Provide Robust Opportunities
• Growing Number of Smart Homes Catalyzes Opportunities for Haptic Technology: Global Smart Homes Market (In US$ Billion) for the Years 2021, 2023 & 2025
• Global Smart Homes Market by Category (in %) for the Years 2020 and 2022
• Growing Significance of Haptics in AR and VR Application
• Multi-Channel Haptics to Drive Growth
• Automotive & Transportation to Broader Uptake
• World Automotive Cockpit Electronics Market by Product (2021 & 2027): Percentage Breakdown of Sales for Infotainment & Navigation, Information Display, Instrument Cluster, Telematics, HUD, and Other Products
• Automotive Electronics as a Percentage (%) of Vehicle Production Cost for the Years 2010, 2020 & 2030
• For Electric Car Makers, Haptic Technology is New Option to Stand Out & Differentiate
• Global Electric Car Fleet Size (In Thousand Units) for the Years 2016, 2018, 2020, and 2022
• Faurecia and Immersion Corporation Come together for developing highly interactive Haptic User Interfaces
• Demand for More Immersive User Experience Drives Incorporation of Haptics in Video Gaming
• Impact of COVID-19 Pandemic on Gaming Industry
• Percentage of Internet Users Playing Video Games by Device: April 2020
• To Cope With the Pandemic, Sequestered People Around the Globe Escape to Gaming: Average Increase in Time Spent on Video Games (In %) Feb-to-Apr-2020
• Key Statistical Findings
• Global Number of Gamers (in Billion) for the Years 2015, 2017, 2019 and 2021
• Global Console Operating System Market (in %) for 2020
• Gaming Platforms Attracting Developer Interest: % of Game Developers Working on a Game by Gaming Platform
• Strong Growth in Mobile Video Usage Drives the Business Case for Haptics
• Opportunity Indicator
• Mobile Video Traffic (in petabytes per month): 2017-2022
• Haptics Gain at the Expense of Home Button in Smartphones
• Opportunity Indicators
• Number of Smartphone Users Worldwide (in Million): 2012, 2014, 2016, 2020, 2022, and 2024
• Penetration Rate of Smartphones as a % of Total Population: 2016-2021
• Advanced Haptics from Qualcomm for Android
• Tactile Computing Revolution Opens a New Window of Opportunity for Haptics
• An Introduction to High-Definition Haptic Feedback
• Haptics Emerges As a Key Strategy for Product Differentiation
• Haptics Technology for Virtual Prototyping
• Haptics in Healthcare: A Growing Field
• Simulated Training Drive Adoption of Haptics in Surgical Procedures
• Increasing Role of Haptic Technology in Designing of Innovative Products with Increased Functionalities
• Haptic Technology Finds Opportunities in Retail to Boost Shopping Experience
• UltraHaptics to Bring In a New Era of Touchless Touch Screens
• Wearable Haptics Gain Prominence in Personalized Devices
• Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
• Global Wearable Technology Market by Application: 2021E
• Robotics Emerges as an Essential Applications of Haptic Feedback
• Proliferation of Touchscreens, Touch Surfaces & Their Inherent UI Limitations Amplify Interest in Haptics
• Adoption of Touch Screens in Public Shared Devices: An Attractive Opportunity for Growth
• Haptic Technology Brings Myriad of Exciting Possibilities
• Strong Focus on Industrial Automation Drives Interest in Haptics
• Development of New Generation Automated Aircrafts Drives Demand for Haptics in Commercial Flight Simulation Equipment
• Haptic Technology Finds Application in Space
• Haptics Set to Revolutionize Molecular Biology & Cellular Research
• Potential Application of Haptic Technology for Creating Mobility Devices for Visually Impaired People
• Haptics in Entertainment Industry

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• 2020: A Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Haptics Gains Significance as Contactless Technologies Attract Interest
• From a Modest Start, Haptic Technology Garners Immense Attention
• Haptics - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Haptics: A Prelude
• Types of Haptic Feedback
• Advantages of Using Haptics
• Challenges in Haptics Usage
• Major Use Cases of Haptic Technology
• Market Outlook
• Key Future Trends in Haptic Technology
• Recent Market Activity
• Select Innovations

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