Haptic Technology For Mobile Devices Market is Estimated To Witness High Growth Owing To virtual touch and force feedback
The Haptic Technology For Mobile Devices Market is estimated to be valued at US$ 2,670.0 Mn in 2023 and is expected to exhibit a CAGR of 18.6% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Haptic technology for mobile devices refers to technologies that generate tactile feedback, generally through motion, pressure, or force, in response to user interaction with devices like smart phones, tablets, wearables etc. It enhances interaction by engaging another sense beyond vision. Using haptic feedback, users experience pins, texture, pressure and motion as they touch a virtual object. This makes the interaction more realistic.
Market key trends:
Virtual touch and force feedback is one of the major trends in haptic technology for mobile devices market. With advancements in haptic technology, mobile devices can now provide realistic touch sensations to the user without any physical interaction. For example, some phones use vibration motors or piezoelectric actuators to create the sensations of different textures when the user interacts digitally with objects on screen. This virtual touch sensation using haptics enhances the user experience. Force feedback haptics uses actuators to provide resistance on screen that mimics real world interactions. For instance, smartphone games use haptics to simulate actions like pulling back a slingshot or brake pressure while driving in a racing game. Such virtual touch feedback and realistic force sensations are improving immersive experiences in gaming and beyond, thereby driving growth of the haptic technology for mobile devices market.
Key Takeaways
The Global Haptic Technology For Mobile Devices Market is expected to witness high growth, exhibiting CAGR of 18.6% over the forecast period, due to increasing customer demand for enhanced user experiences. Haptics allow realistic tactile feedback that engages users through touch instead of just visuals and audio.
Regional analysis - North America dominated the market in 2021 with a share of over 35%, owing to high penetration of advanced technologies. Asia Pacific is expected to grow at the fastest pace during the forecast period, due to rising disposable incomes and increasing adoption of haptic-enabled mobile devices among consumers in countries such as China, India.
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.