Haptic technology enables manufacturers to incorporate tactile feedback, touch sensations, and movements to enhance the user experience of mobile devices. Haptic motors in smartphones allow users to feel precisely controlled haptic feedback when typing, touching & pressing onscreen buttons, or playing interactive games. As haptics immerses users deeper into digital content through 'touch', it fosters more interactive and immersive engagement.
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.
Market key trends:
The increasing demand for enhanced user experience while interacting with digital technologies is a key trend bolstering the haptic technology market growth. As digital content across entertainment, gaming, education, and communication strive to engage users more vividly, the "sense of touch" is emerging as an important interaction layer. Haptic motors facilitate tactile sensation feedback from touchscreens and gestures, allowing the user to literally "feel" the content. This makes digital experiences more intuitive, lifelike, and immersive. Major tech players are increasingly integrating haptics into their devices, driving the demand for haptic components and solutions. With 5G connectivity enabling more immersive haptic-powered applications, the market is poised for significant strides over the forecast period.
Segment Analysis
The global haptic technology for mobile devices market is dominated by the smartphone sub-segment. Haptic technology finds widespread adoption in smartphones owing to the various haptic feedback features integrated in smartphones by manufacturers. Advanced haptics are being incorporated in smartphones for an enhanced user experience like vibration motor feedback for touchscreens, tapping on virtual buttons, and camera shutter feedback.
Key Takeaways
The Global Haptic Technology For Mobile Devices Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to grow from US$ 3755.61 Mn in 2023, registering a CAGR of around 18%.
Regional analysis
Asia Pacific is currently the fastest growing as well as the dominating regional market for haptic technology in mobile devices. This is attributed to the higher smartphone penetration in countries like China, India, and others, along with growing focus of smartphone manufacturers in the region to integrate better haptics. Key players like Samsung, Apple, and others have a large customer base in Asia Pacific, leading to higher regional market demand.
Key players
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.
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