The global haptic technology for the mobile devices market is expected to grow at a significant CAGR of 18% during the forecast period (2021-2027). The major factors propelling the growth of the global haptic technology for mobile devices market include the rising demand for smartphones and mobile phones and growing Internet of Things (IoT) penetration. According to the Consumer Technology Association (CTA) approximately 165 million units of smartphones were estimated to be sold in 2020 with a rise of 2% from 2019. Additionally, the rising adoption of new and innovative haptic technologies by users will boost the growth of the market. The adoption of haptic technology supports human and computer interactions in real-time. Advanced actuators and sensors are used in haptic technology. When compared to other sensing technologies that are confined to vision and audio, haptic sensing is superior. When customers utilize these electronic gadgets and have a virtual experience, this technology provides strong touch sensations. These modern haptic technologies give haptic feedback, which employs sophisticated vibration to transmit information to users, as opposed to a traditional touch screen, which has no feedback features.
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Haptic technology provides the sensation of touch on a screen by vibrations, force, and motion that the user perceives. Haptic technology, often known as tactile technology, is a type of smart phone technology that uses vibrations and various pattern waveforms. The user receives information through these waveforms. Haptic technology is used to provide messages to users via vibrations in the form of warnings, bells, and visual alerts. People may experience the digital world through touch and physical vibrations rather than merely seeing it on a screen using this technology. It entails the user experience physical touch through their smartphones.
Several major players in the market are strengthening their market presence by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements. For instance, in February 2021, Qualcomm Inc. announced its partnership with Lofelt to improve haptic technology through software (over hardware). This new haptic feedback feature will be available on Android phones running the Snapdragon 888 chipset.
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Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By Application
• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Immerson, Texas Instruments Incorporated, Precision Microdrives Limited, Johnson Electric Holdings Limited, AAC Technologies, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Haptic Technology for Mobile Devices Market – Segmentation
By Type
• Actuators
• Drivers and Controllers
• Software
• Others
By Application
• Smartphones
• Tablets
• Others
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