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Haptics Market: Driver
The increased demand for in-car infotainment services will drive market growth. Audio and video product and service manufacturers are gaining profit owing to this demand. In addition, cars are equipped with advanced gadgets. Consumers are looking for connected mobile services and entertainment options in cars. The contribution of electronics and software to the total value of a car is expected to increase during the forecast period. Hence, automotive OEMs are incorporating new technologies to enhance the user experience. For instance, at CES 2021, Sensel unveiled its latest Haptic touchpad. This technology allows the user to control parts of the information system without any buttons.
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Haptics Market: Trend
The emergence of ultrahaptics is one of the trends in the market. Research is being conducted to design systems for creating 3D virtual objects. For instance, researchers in Japan have made a floating 3D holographic plasma display with haptic feedback. Such technologies can be beneficial for automobiles. Researchers at the University of Bristol are also working on a 3D haptics hologram. At the University of Tokyo, researchers have created a touchscreen display called HaptoMime. This system is embedded with IR sensors that are used to detect the motion of the users' hands or fingers and synchronize it with the projected image.
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Haptics Market: Segmentation Analysis
This market research report segments the haptics market by component (actuators, drivers and controllers, and software and technology), application (consumer electronics and automotive), and geography (APAC, Europe, North America, South America, and MEA).
APAC will account for 71% of the market's growth during the forecast period. This growth is attributed to factors such as the presence of major consumer electronics devices and automotive manufacturers. Market growth in this region will be faster than the growth of the market in other regions. China, Japan, and South Korea (Republic of Korea) are the key countries for the haptics market in APAC.
By component, the actuators segment will have significant market share growth during the forecast period. The growth of actuators is mainly driven by the introduction of haptics in consumer electronics devices, such as smartphones, smartwatches, smart bands, and tablets. The high demand for smartphones is leading to an increase in the shipment of actuators and motors used in electronics devices.
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Haptics Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.96% |
Market growth 2021-2025 |
USD 15.83 billion |
Market structure |
Fragmented |
YoY growth (%) |
15.65 |
Regional analysis |
APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 71% |
Key consumer countries |
China, Japan, South Korea (Republic of Korea), US, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., Analog Devices Inc., Dongwoon Anatech Co. Ltd., IMAGIS Co. Ltd., Immersion Corp., Infineon Technologies AG, Microchip Technology Inc., SMK Corp., and Texas Instruments Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 03: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 04: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 07: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 08: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 09: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 10: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 11: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 12: Threat of rivalry
- 4.7 Market condition
- Exhibit 13: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 14: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 15: Comparison by Application
- 5.3 Consumer electronics - Market size and forecast 2020-2025
- Exhibit 16: Consumer electronics - Market size and forecast 2020-2025 ($ million)
- Exhibit 17: Consumer electronics - Year-over-year growth 2020-2025 (%)
- 5.4 Automotive - Market size and forecast 2020-2025
- Exhibit 18: Automotive - Market size and forecast 2020-2025 ($ million)
- Exhibit 19: Automotive - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Application
- Exhibit 20: Market opportunity by Application
6 Market Segmentation by Component
- 6.1 Market segments
- Exhibit 21: Component - Market share 2020-2025 (%)
- 6.2 Comparison by Component
- Exhibit 22: Comparison by Component
- 6.3 Actuators - Market size and forecast 2020-2025
- Exhibit 23: Actuators - Market size and forecast 2020-2025 ($ million)
- Exhibit 24:Types of actuators used in haptics
- Exhibit 25: Actuators - Year-over-year growth 2020-2025 (%)
- 6.4 Drivers and controllers - Market size and forecast 2020-2025
- Exhibit 26: Drivers and controllers - Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Drivers and controllers - Year-over-year growth 2020-2025 (%)
- 6.5 Software and technology - Market size and forecast 2020-2025
- Exhibit 28: Software and technology - Market size and forecast 2020-2025 ($ million)
- Exhibit 29: Software and technology - Year-over-year growth 2020-2025 (%)
- 6.6 Market opportunity by Component
- Exhibit 30: Market opportunity by Component
7 Customer landscape
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 32: Market share by geography 2020-2025 (%)
- 8.2 Geographic comparison
- Exhibit 33: Geographic comparison
- 8.3 APAC - Market size and forecast 2020-2025
- Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
- 8.4 Europe - Market size and forecast 2020-2025
- Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
- 8.5 North America - Market size and forecast 2020-2025
- Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
- 8.6 South America - Market size and forecast 2020-2025
- Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
- 8.7 MEA - Market size and forecast 2020-2025
- Exhibit 42: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 43: MEA - Year-over-year growth 2020-2025 (%)
- 8.8 Key leading countries
- Exhibit 44: Key leading countries
- 8.9 Market opportunity by geography
- Exhibit 45: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
10 Vendor Landscape
- 10.1 Overview
- Exhibit 47: Vendor landscape
- 10.2 Landscape disruption
- Exhibit 48: Landscape disruption
- Exhibit 49: Industry risks
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 50: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 51: Market positioning of vendors
- 11.3 AAC Technologies Holdings Ltd.
- Exhibit 52: AAC Technologies Holdings Ltd. - Overview
- Exhibit 53: AAC Technologies Holdings Ltd. - Business segments
- Exhibit 54: AAC Technologies Holdings Ltd. - Key news
- Exhibit 55: AAC Technologies Holdings Ltd. - Key offerings
- Exhibit 56: AAC Technologies Holdings Ltd. - Segment focus
- 11.4 Alps Alpine Co. Ltd.
- Exhibit 57: Alps Alpine Co. Ltd. - Overview
- Exhibit 58: Alps Alpine Co. Ltd. - Business segments
- Exhibit 59: Alps Alpine Co. Ltd. - Key news
- Exhibit 60: Alps Alpine Co. Ltd. - Key offerings
- Exhibit 61: Alps Alpine Co. Ltd. - Segment focus
- 11.5 Analog Devices Inc.
- Exhibit 62: Analog Devices Inc. - Overview
- Exhibit 63: Analog Devices Inc. - Business segments
- Exhibit 64: Analog Devices Inc. - Key offerings
- Exhibit 65: Analog Devices Inc. - Segment focus
- 11.6 Dongwoon Anatech Co. Ltd.
- Exhibit 66: Dongwoon Anatech Co. Ltd. - Overview
- Exhibit 67: Dongwoon Anatech Co. Ltd. - Product and service
- Exhibit 68: Dongwoon Anatech Co. Ltd. - Key offerings
- 11.7 IMAGIS Co. Ltd.
- Exhibit 69: IMAGIS Co. Ltd. - Overview
- Exhibit 70: IMAGIS Co. Ltd. - Product and service
- Exhibit 71: IMAGIS Co. Ltd. - Key offerings
- 11.8 Immersion Corp.
- Exhibit 72: Immersion Corp. - Overview
- Exhibit 73: Immersion Corp. - Business segments
- Exhibit 74: Immersion Corp. - Key news
- Exhibit 75: Immersion Corp. - Key offerings
- 11.9 Infineon Technologies AG
- Exhibit 76: Infineon Technologies AG - Overview
- Exhibit 77: Infineon Technologies AG - Business segments
- Exhibit 78: Infineon Technologies AG - Key news
- Exhibit 79: Infineon Technologies AG - Key offerings
- Exhibit 80: Infineon Technologies AG - Segment focus
- 11.10 Microchip Technology Inc.
- Exhibit 81: Microchip Technology Inc. - Overview
- Exhibit 82: Microchip Technology Inc. - Business segments
- Exhibit 83: Microchip Technology Inc. - Key offerings
- Exhibit 84: Microchip Technology Inc. - Segment focus
- 11.11 SMK Corp.
- Exhibit 85: SMK Corp. - Overview
- Exhibit 86: SMK Corp. - Business segments
- Exhibit 87: SMK Corp. - Key offerings
- Exhibit 88: SMK Corp. - Segment focus
- 11.12 Texas Instruments Inc.
- Exhibit 89: Texas Instruments Inc. - Overview
- Exhibit 90: Texas Instruments Inc. - Business segments
- Exhibit 91: Texas Instruments Inc. - Key offerings
- Exhibit 92: Texas Instruments Inc. - Segment focus
12 Appendix
- 12.2 Currency conversion rates for US$
- Exhibit 93: Currency conversion rates for US$
- 12.3 Research methodology
- Exhibit 94: Research Methodology
- Exhibit 95: Validation techniques employed for market sizing
- Exhibit 96: Information sources
- 12.4 List of abbreviations
- Exhibit 97: List of abbreviations
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