+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Haptics - Global Market Trajectory & Analytics

  • ID: 2832340
  • Report
  • July 2020
  • Region: Global
  • 134 Pages
  • Global Industry Analysts, Inc
Global Haptics Market to Reach $40.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Haptics estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$40.9 Billion by 2027, growing at aCAGR of 17.9% over the period 2020-2027. Tactile Feedback, one of the segments analyzed in the report, is projected to record 19% CAGR and reach US$25.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Force Feedback segment is readjusted to a revised 16.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 17.1% CAGR

The Haptics market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 17.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 15.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.We bring years of research experience to this 18th edition of our report. The 134-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • AAC Technologies Holdings Inc.
  • CyberGlove Systems LLC
  • Entact Robotics Inc.
  • Ergos-Technologies
  • Force Dimension
  • Haption SA
  • Immersion Corporation
  • Moog Inc.
  • MPB Technologies Inc.
  • Murata Manufacturing Co., Ltd.
  • Novasentis, Inc.
  • Novint Technologies Inc.
  • Quanser Inc.
  • Reachin Technologies AB
  • Senseg OY
  • Tactical Haptics, LLC
  • Tactus Technology, Inc.
  • Tanvas

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

A Quick Primer

Recent Market Activity

Haptic Technology Developments - A Brief Review

Market Outlook

Global Competitor Market Shares

Haptics Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

AAC Technologies Holdings Inc. (China)

CyberGlove Systems LLC (USA)

Entact Robotics Inc. (Canada)

Ergos-Technologies (France)

Force Dimension (Switzerland)

Haption SA (France)

Immersion Corporation (USA)

Moog Inc. (USA)

MPB Technologies Inc. (Canada)

Murata Manufacturing Co., Ltd. (Japan)

Novasentis, Inc. (USA)

Novint Technologies Inc. (USA)

Quanser Inc. (Canada)

Reachin Technologies AB (Sweden)

Senseg OY (Finland)

Tactical Haptics, LLC (USA)

Tactus Technology, Inc. (USA)

Tanvas (USA)

3. MARKET TRENDS & DRIVERS

Haptic Technology to Boost Online Shopping Experience

Use of Haptic Technologies in Mobile Advertisements

Emergence of Haptics in AR and VR

Haptics to Transform Mobile Advertising

Haptic Technology for Maritime Applications

Haptics in Healthcare

Haptics in Automobiles

Haptics in the Audio Industry

Haptics Technology Makes inroads into Automotive and Gaming Industries

Haptics Based Ads on the Rise

VR and AR Applications Hold Immense Potential

Haptics Gain at the Expense of Home Button in Smartphones

Proliferation of Mobile Internet Drives the Need for Haptic Feedback in Mobile Devices

Opportunity Indicators

Skyrocketing Mobile Video Usage Drives the Business Case for Haptics

Opportunity Indicator

Tactile Computing Revolution Opens a New Window of Opportunity for Haptics

Haptics Emerges As a Key Strategy for Product Differentiation

UltraHaptics to Bring In a New Era of Touchless Touch Screens

Demand for HD Haptics Grows in Parallel to the Need to Enhance User Experience

Wearable Haptics to Make the First Cut Impact on Healthcare

OEM Adoption of Morphing Touch Screen Technology to Fuel Future Growth

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 Boosts Gaming Experience to a New Level

Rise in Mobile Gaming Opens a Lucrative Niche for Haptics in the Gaming Industry

Haptic Technology Brings Myriad of Exciting Possibilities

Future Potential

Applications of Haptic Technology

Haptic Technology to Find New Applications in VR Arena

Developments in Robotic Technology Powers Demand for Haptics

Opportunity Indicators

Increasing Activity in Nuclear Power Sector to Power Growth in the Haptics Market

Opportunity Indicator

Haptics in the Military & Defense Sector: A Review

Intelligent Automotive Technologies to Spur Demand for Haptics in the Automotive End-Use Sector

Robotic Surgery, Medical Prosthetics & Simulated Training Drive Adoption of Haptics in the Healthcare Sector

Strong Focus on Industrial Automation Drives Interest in Haptics

Development of New Generation Automated Aircrafts Drives Demand for Haptics in Commercial Flight Simulation Equipment

Haptics Set to Revolutionize Molecular Biology & Cellular Research

A Peek into Emerging Application Areas of Haptic Technology

Wearables

Education and Health

Automotive

Other Potential Applications

Operator Feedback

Video Gaming and Medical Simulation

Touchscreen Interfaces

Handheld Devices

Haptic Technology for Creating Mobility Devices for Visually Impaired People

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Haptics Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Haptics Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Tactile Feedback (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Tactile Feedback (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Force Feedback (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: Force Feedback (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Mobile Terminal (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 8: Mobile Terminal (Application) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Automotive (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 10: Automotive (Application) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Medical (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 12: Medical (Application) Distribution of Global Sales by Region/Country: 2020 VS 2027
TABLE 13: Other Applications (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 14: Other Applications (Application) Global Market Share Distribution by Region/Country for 2020 and 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Haptics Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 15: United States Haptics Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 16: United States Haptics Market Share Breakdown by Type: 2020 VS 2027
TABLE 17: United States Haptics Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 18: Haptics Market Share Breakdown in the United States by Application: 2020 VS 2027

CANADA

TABLE 19: Canadian Haptics Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 20: Haptics Market in Canada: Percentage Share Breakdown of Sales by Type for 2020 and 2027
TABLE 21: Canadian Haptics Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 22: Canadian Haptics Market Share Analysis by Application: 2020 VS 2027

JAPAN

TABLE 23: Japanese Market for Haptics: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 24: Japanese Haptics Market Share Analysis by Type: 2020 VS 2027
TABLE 25: Japanese Demand Estimates and Forecasts for Haptics in US$ Million by Application: 2020 to 2027
TABLE 26: Haptics Market Share Shift in Japan by Application: 2020 VS 2027

CHINA

TABLE 27: Chinese Haptics Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 28: Chinese Haptics Market by Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 29: Chinese Demand for Haptics in US$ Million by Application: 2020 to 2027
TABLE 30: Chinese Haptics Market Share Breakdown by Application: 2020 VS 2027

EUROPE

Market Facts & Figures

European Haptics Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 31: European Haptics Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 32: European Haptics Market Share Shift by Region/Country: 2020 VS 2027
TABLE 33: European Haptics Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 34: European Haptics Market Share Breakdown by Type: 2020 VS 2027
TABLE 35: European Haptics Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 36: European Haptics Market Share Analysis by Application: 2020 VS 2027

FRANCE

TABLE 37: Haptics Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 38: French Haptics Market Share Analysis by Type: 2020 VS 2027
TABLE 39: Haptics Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 40: French Haptics Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

GERMANY

TABLE 41: Haptics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 42: German Haptics Market Share Breakdown by Type: 2020 VS 2027
TABLE 43: Haptics Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 44: Haptics Market Share Distribution in Germany by Application: 2020 VS 2027

ITALY

TABLE 45: Italian Haptics Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 46: Italian Haptics Market by Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 47: Italian Demand for Haptics in US$ Million by Application: 2020 to 2027
TABLE 48: Italian Haptics Market Share Breakdown by Application: 2020 VS 2027

UNITED KINGDOM

TABLE 49: United Kingdom Market for Haptics: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 50: United Kingdom Haptics Market Share Analysis by Type: 2020 VS 2027
TABLE 51: United Kingdom Demand Estimates and Forecasts for Haptics in US$ Million by Application: 2020 to 2027
TABLE 52: Haptics Market Share Shift in the United Kingdom by Application: 2020 VS 2027

REST OF EUROPE

TABLE 53: Rest of Europe Haptics Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 54: Rest of Europe Haptics Market Share Breakdown by Type: 2020 VS 2027
TABLE 55: Rest of Europe Haptics Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 56: Rest of Europe Haptics Market Share Analysis by Application: 2020 VS 2027

ASIA-PACIFIC

TABLE 57: Haptics Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 58: Asia-Pacific Haptics Market Share Analysis by Type: 2020 VS 2027
TABLE 59: Haptics Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 60: Asia-Pacific Haptics Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

REST OF WORLD

TABLE 61: Rest of World Haptics Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 62: Haptics Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2020 and 2027
TABLE 63: Rest of World Haptics Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 64: Rest of World Haptics Market Share Analysis by Application: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 34

Note: Product cover images may vary from those shown
Adroll
adroll