Haptic Motors Market Size - By Type(Piezoelectric Actuator,Eccentric Rotating Mass(ERM),Linear Resonant Actuator (LRA)) ,by Feedback Type(Force,Tactile),by Application(Mobile Terminal (Smartphone/Tablet),Wearable Devices,Automotive,Household Applications,Augmented Reality (AR) & Virtual ,Reality (VR) And Gaming Devices,Healthcare,Education) & Region - Forecasts 2023 - 2033
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 235
- CATEGORY
- Machinery & Heavy Industry
Global Haptic Motors Market Analysis by Type, Feedback Type, Application and Region and segments forecast till 2033
Market Overview
The global Haptic Motors Market was worth USD 2,900 million in 2022 and is anticipated to amplify at a CAGR of 12% over 2023-2033, thereby accumulating USD 7,210 million by end of the analysis timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 2,900 Million |
Market Forecast in 2033 | USD 7,210 Million |
CAGR % 2023-2033 | 12% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Feedback Type, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | AAC Technologies, Actronika, Adamant Namiki Precision Jewel Co., Ltd., Bluecom,, Boréas Technologies, CyberGlove Systems Inc., Feel Peak, HaptX Inc., Jahwa, Jinlong Machinery & Electronics, Microchip Technology Inc., MinebeaMitsumi Inc., MPlus Co.LTD, Need-For-Power Motor Co., Ltd., Nidec Corporation, Novasentis, PI Ceramic, Precision Microdrives, Tactile Labs Inc., TDK, Texas Instruments and Others. |
Haptics Motor refers to the haptic sense of the touch and is an advanced haptic technology that adds the tactile feedback right to the electronic devices through the use of vibrations. This touch-based technology has become more and more popular in handheld, portable and touch-screen enabled to the consumer, industrial and automotive electronic devices. The vibrations produced to provide a new, deeply enhanced user experience. The tiny vibration motors used in mobile terminals, game machines, etc. Small and high efficiency types are provided.
The eccentric rotating mass (ERM) motor and linear resonant actuator (LRA) are two most common types of haptic feedback actuators used in the market today. While most smartphone and tablet users already have experienced haptic controllers, haptic notifications, So basically haptics refers to the science of tactile feedback. The most basic form of haptics is when a cell phone vibrates, indicating either an incoming call or the arrival of a message in the phone’s inbox. It is an efficient way to give an alert to the operators of the special event.
Increasing integration of haptics into consumer devices is the primary factor driving the market growth. Moreover, increasing adoption of haptic technology in automobile safety applications will robust the demand for this technology in the near future. Haptics has gained acceptance in smartphones and tablets and has reached a level of saturation in these devices. Many companies are evaluating the integration of haptic technology and evaluating the risk and cost of adding the feature. Although the integration of haptics (tactile haptics) into mobiles and tablets does not involve high costs, force feedback haptic devices are costlier compared with tactile feedback haptic devices.
Force feedback haptic requires more affirmative devices that are available in 3 degrees of freedom (DoF), 6 DoF, and 7 DoF, which allow users to understand real-time virtual haptics in several applications. Force feedback-based haptic devices are used in simulation applications in the medical, automotive, aerospace, and manufacturing industries, as well as in several ergonomic studies. These haptic devices are typically bulky, which becomes a prime issue in the case of wearable haptic devices.
The growing use of consumer electronic devices such as smartphones, tablets, and other wearable devices is one of the major factors increasing the demand for haptic technology. Almost all smartphones and tablets are equipped with haptics, and the trend is shifting toward their integration into smartwatches and wristbands. Haptic feedback finds applications and acts as a powerful tool in wearable devices, such as smartwatches, wristbands, and fitness trackers, having faster controls, better battery life, and user-friendly interactions.
The major challenge in the haptic technology market pertains to the technical challenges faced by the product manufacturers for enabling haptic functionality in several devices such as smartphones, tablets, surgical instruments, automobile dashboards, and gaming consoles.
Haptic technology is certainly a valuable addition for providing user-friendliness and direction to any device, although before incorporating haptic feedback into a product, it is imperative to consider which components would best fit into a particular system. The key facts that are taken into consideration under system constraints for providing ideal feedback performance include the actuator design and associated driver features. The manufacturers should also investigate how effectively they can integrate the controller feature into the overall product design.
Application Insights
The market for the automotive & transportation application is expected to grow at the highest CAGR during the forecast period. This can be attributed to the consistent demand for high-performance electronic systems in hybrid electric vehicles and other high-end automobiles. Also, there has been an increasing adoption of haptics in-car infotainment systems and touchscreens in GPS.
Regional Insights
The market for Global Haptic motors is segmented into five major countries namely- North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. APAC is projected to lead the haptic technology market. Rising disposable income, which has increased the adoption of consumer devices, is one of the major driving factors for market growth. China is home to many leading smartphone OEMs such as Huawei, Oppo, Vivo, Xiaomi, and OnePlus.
Competitive Analysis
AAC Technologies, Actronika, Adamant Namiki Precision Jewel Co., Ltd., Bluecom,, Boréas Technologies, CyberGlove Systems Inc., Feel Peak, HaptX Inc., Jahwa, Jinlong Machinery & Electronics, Microchip Technology Inc., MinebeaMitsumi Inc., MPlus Co.LTD, Need-For-Power Motor Co., Ltd., Nidec Corporation, Novasentis, PI Ceramic, Precision Microdrives, Tactile Labs Inc., TDK, Texas Instruments and Others.
Global Haptic Motors Market- Segmental Analysis
Based on Type:
• Piezoelectric Actuator
• Eccentric Rotating Mass
• Linear Resonant Actuator
Based on Feedback Type:
• Force
• Tactile
• Others
Based on Application:
• Mobile Terminal
• Wearable Devices
• Healthcare
• Education
• Household Application
• Augmented Reality & Virtual Reality And Gaming Devices
• Automotive
Why to buy this Report?
The report provides quantitative and qualitative aspect for Haptic Motors Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Haptic Motors Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Haptic Motors Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Haptic Motors Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Units)
1.4. Global Haptic Motors Market Scope and Market Estimation
1.4.1. Global Haptic Motors Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Haptic Motors Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Haptic Motors Market Segmentation
1.5.1. Type of Global Haptic Motors Market
1.5.2. Feedback Type of Global Haptic Motors Market
1.5.3. Application of Global Haptic Motors Market
1.5.4. Key Regions of Global Haptic Motors Market
2. Global Haptic Motors Market - Executive Summary
2.1. Global Haptic Motors Market – Summary & Snapshot
2.2. Global Haptic Motors Market, By Type (US$ Million) & (Units)
2.3. Global Haptic Motors Market, By Feedback Type, 2020 to 2021 (US$ Million) & (Units)
2.4. Global Haptic Motors Market, By Application (US$ Million) & (Units)
2.5. Global Haptic Motors Market, By Geography (US$ Million) & (Units)
2.6. Global Haptic Motors Market Outlook & Future Opportunities
3. Haptic Motors Market Trends, Outlook, and Factors Analysis
3.1. Global Haptic Motors Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Haptic Motors Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Increasing implementation of haptics devices into consumer electronics
3.2.1.2. Growing use of haptic motors in automotive and healthcare industry majorly in safety applications.
3.2.1.3. Driver 3
3.2.1.4. Driver 4
3.2.1.5. Driver 5
3.2.2. Restraints
3.2.2.1. High cost of installation and maintenance of haptic devices
3.2.2.2. Restrain 2
3.2.2.3. Restrain 3
3.2.3. Opportunities
3.2.3.1. Technological advancement in the haptic technology has improved efficiency and production cost
3.2.3.2. Surge in the demand for portable electronic products such as mobile phones, laptops, etc.
3.2.3.3. Opportunity 3
3.2.3.4. Opportunity 4
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Haptic Motors Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Haptic Motors Market
3.9.1. By Type
3.9.2. By Feedback Type
3.9.3. By Application
3.9.4. By Regions
4. Global Haptic Motors Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Haptic Motors Market, 2020 – 2021 (US$ Million) & (Units)
4.2. Global Haptic Motors Market, By Type, 2020 to 2021 (US$ Million) & (Units)
4.3. Global Haptic Motors Market, By Feedback Type, 2020 to 2021 (US$ Million) & (Units)
4.4. Global Haptic Motors Market, By Application, 2020 to 2021 (US$ Million) & (Units)
4.5. Global Haptic Motors Market, By Region, 2020 to 2021 (US$ Million) & (Units)
5. Global Haptic Motors Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Haptic Motors Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Haptic Motors Market Size (US$ Million) & (Units) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Piezoelectric Actuator
5.2.2. Eccentric Rotating Mass (ERM)
5.2.3. Linear Resonant Actuator (LRA)
6. Global Haptic Motors Market Estimates & Forecast Trend Analysis, by Feedback Type
6.1. Global Haptic Motors Market Share (%) Estimates and Forecasts, by Feedback Type, 2022 & 2033
6.2. Global Haptic Motors Market Size (US$ Million) & (Units) Estimates and Forecasts, by Feedback Type, 2022 to 2033
6.2.1. Force
6.2.2. Tactile
6.2.3. Others
7. Global Haptic Motors Market Estimates & Forecast Trend Analysis, by Application
7.1. Global Haptic Motors Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
7.2. Global Haptic Motors Market (US$ Million) & (Units) Estimates and Forecasts, by Application, 2022 to 2033
7.2.1. Mobile Terminal (Smartphone/Tablet)
7.2.2. Wearable Devices
7.2.3. Automotive
7.2.4. Household Applications
7.2.5. Augmented Reality (AR) & Virtual Reality (VR) And Gaming Devices
7.2.6. Healthcare
7.2.7. Education
7.2.8. Others
8. Global Haptic Motors Market Analysis and Forecast, by Region
8.1. Global Haptic Motors Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Haptic Motors Market (US$ Million) & (Units) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Haptic Motors Market: Estimates & Forecast Trend Analysis
9.1. North America Haptic Motors Market Assessments & Key Findings
9.2. North America Haptic Motors Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Haptic Motors Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
9.3.1. By Type
9.3.2. By Feedback Type
9.3.3. By Application
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Haptic Motors Market: Estimates & Forecast Trend Analysis
10.1. Europe Haptic Motors Market Assessments & Key Findings
10.2. Europe Haptic Motors Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Haptic Motors Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
10.3.1. By Type
10.3.2. By Feedback Type
10.3.3. By Application
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Haptic Motors Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Haptic Motors Market Assessments & Key Findings
11.2. Asia Pacific Haptic Motors Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Haptic Motors Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
11.3.1. By Type
11.3.2. By Feedback Type
11.3.3. By Application
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Haptic Motors Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Haptic Motors Market Assessments & Key Findings
12.2. Middle East & Africa Haptic Motors Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Haptic Motors Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
12.3.1. By Type
12.3.2. By Feedback Type
12.3.3. By Application
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Haptic Motors Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Haptic Motors Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Haptic Motors Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
13.3.1. By Type
13.3.2. By Feedback Type
13.3.3. By Application
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Market Competition Matrix, by Leading Players
14.3. List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. AAC Technologies
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Actronika
15.3. Adamant Namiki Precision Jewel Co., Ltd.
15.4. Bluecom
15.5. Boréas Technologies
15.6. CyberGlove Systems Inc.
15.7. Feel Peak
15.8. HaptX Inc.
15.9. Jahwa
15.10. Jinlong Machinery & Electronics
15.11. Microchip Technology Inc.
15.12. MinebeaMitsumi Inc.
15.13. MPlus Co.LTD
15.14. Need-For-Power Motor Co., Ltd.
15.15. Nidec Corporation
15.16. Novasentis
15.17. PI Ceramic
15.18. Precision Microdrives
15.19. Tactile Labs Inc.
15.20. TDK
15.21. Texas Instruments
15.22. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
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