Haptic technology refers to the use of touch sensation in electronics like mobile phones and tablets. It involves the use of vibrations, motions, pulses and forces to simulate interactions through a sense of touch. This allows users of electronic devices to have tactile feedback and touch interaction without actually having to touch anything. Major applications of haptics in mobile devices include vibration alerts for incoming calls and messages, vibration notifications upon selection of onscreen options and icons, vibration feedback in games and tactile surfaces that simulate physical buttons on touchscreens.
The global Haptic Technology for Mobile Devices Market is estimated to be valued at US$ 3755.61 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The global haptic technology market for mobile devices is driven by the growing demand for touchless interactions from end-users. As new and innovative technologies such as 5G, AI, AR/VR gain momentum, an increasing number of mobile applications are being designed to rely on touchless interactions. This is pushing device manufacturers to integrate haptics to simulate the sense of touch without physical contact. Gesture recognition systems enabled by haptics make for seamless control of applications through intuitive hand motions and gestures. Further, the COVID-19 pandemic has accelerated demand for touchless technologies as people prefer contactless interactions to maintain hygiene and social distancing. The rising focus on developing intuitive and immersive touchless experiences through haptics is expected to significantly boost the mobile devices haptics market over the forecast period.
Market Dynamics:
The heading “Haptic Technology for Mobile Devices is Expected to be Flourished by the Growing Touchless Interactions” refers to one of the key market opportunities, touchless interactions. The growing demand for touchless interactions from end-users as mentioned in the heading is one of the major drivers propelling the haptic technology market for mobile devices. As new technologies such as 5G, AI and AR/VR become more pervasive, there is an increased focus on designing mobile applications that rely on touchless gestural interactions. This is prompting manufacturers to integrate haptic feedback to realistically simulate the sense of touch in a contactless manner. The COVID-19 pandemic has further accelerated this shift towards touchless technologies as people prefer contactless usage to maintain hygiene. The rapid proliferation of gesture recognition systems enabled by haptics is
Segment Analysis
The haptic technology for mobile devices market can be segmented by component, technology, application, and geography. By component, the market is divided into actuators, drivers & controllers, and software. Amongst these, the actuators segment dominates as actuators are essential components needed for haptic feedback. By technology, the market is bifurcated into tactile feedback and force feedback. Tactile feedback technology leads the market as it is widely used in smartphones and smart wearables for vibrations. By application, the market is classified into consumer electronics, automotive, gaming, healthcare, and others. The consumer electronics segment holds the major share as haptic is predominantly used in smartphones, tablets, and wearables.
PEST Analysis
Political: No major political factors impact the market. Economic: Rising disposable incomes and technology penetration in developing economies will drive market growth. Social: Increasing use of smartphones and demand for advanced features accelerate adoption of haptics. Technological: Advancements in miniaturization of components and development of cost-effective haptic solutions boost the market.
Key Takeaways
The Global Haptic Technology For Mobile Devices Market Growth is expected to witness high.
The Asia Pacific region dominates the market and is projected to grow at the fastest pace during the forecast period owing to rapid technological adoption and presence of key players in countries like China, Japan, South Korea.
The North America region also holds a significant share in the market. Increased R&D investments by players and growing focus on product innovation is fueling growth in the region.
Key players related content comprises- Key players operating in the haptic technology for mobile devices market are Immersion, Texas Instruments Incorporated, Precision Microdrives Limited, Johnson Electric Holdings Limited, AAC Technologies, Analog Devices, Inc., ALPS ALPINE CO., LTD., Microchip Technology Inc., Cypress Semiconductor Corporation, Methode Electronics, NIDEC COPAL ELECTRONICS, SMK ELECTRONICS CORPORATION U.S.A, Visteon Corporation, Semiconductor Components Industries, LLC, Synaptics Incorporated, Apple Inc., and SAMSUNG. These companies are focusing on developing advanced and affordable haptic solutions to expand their market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
