Global Force Feedback Haptic Interface Market, By Product Type (Hardware, Software), Operating System Platform (Windows, Mobile Operating System, Others), Application (Manufacturing Industries, Military and Defence, Gaming Console, Medical and Healthcare, Consumer Electronics, Automotive, Education and Training, Scientific, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Force feedback haptic interface has been highly deployed in various applications such as home appliances, media players, and laptops, among others. This technology is widely being utilized in smartphones and feedback of the gaming controller. The gaming controlled is known to be a haptic interface that is deployed in between the user and controller.
Global Force Feedback Haptic Interface Market was valued at USD 2.60 billion in 2021 and is expected to reach USD 9.84 billion by 2029, registering a CAGR of 18.10% during the forecast period of 2022-2029. Automotive accounts for the largest application segment in the respective market owing to the increased adoption of haptic-enabled devices. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Haptic interfaces work on a technology that enables the physical interaction of different devices with virtual environments (VEs) or tele operated remote systems. By using tactile feedback, these machines carry out the tasks. By receiving signals from the motor action command, which receives signals from the body movement of the user, haptic devices display the operation completed by hand movements on the computer.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Hardware, Software), Operating System Platform (Windows, Mobile Operating System, Others), Application (Manufacturing Industries, Military and Defence, Gaming Console, Medical and Healthcare, Consumer Electronics, Automotive, Education and Training, Scientific, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Apple Inc. (US), Google LLC (US), HAPTION (US), Immersion (US), 3D Systems, Inc. (US), Nuance Communications, Inc. (US), NOVASENTIS, INC. (US), Ultraleap Limited (UK), Qualcomm Technologies Inc (US), ALPS ALPINE CO., LTD. (Japan), NIDEC CORPORATION (Japan), Cypress Semiconductor Corporation. (US), Texas Instruments Incorporated. (US), Semiconductor Components Industries, LLC (US), Microchip Technology Inc. (US), Johnson Electric Holdings Limited (Hong Kong), Jinlong Machinery & Electronics Co. Ltd. (China), Precision Microdrives Limited (UK), Mplus. (India), TDK Corporation., HaptX Inc., among others
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Market Opportunities
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Force Feedback Haptic Interface Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Utilization of Haptic in Appliances
The increase in the utilization of haptic in cars, mobiles, and IoT appliances for acquiring improved accuracy and product design acts as one of the major factors driving the force feedback haptic interface market.
- Increase in Demand for Force Feedback Haptic
The rise in the adoption of force feedback haptic interface in the electronics sector owing to the several benefits provided by haptic, such as improved touch, sound, and visual effects in touchscreen devices accelerate the market growth.
- Trend of Incorporating Haptic Technology in Gaming Applications
The increase in the trend of incorporating haptic technology in gaming applications along with augmented reality enabled devices further influence the market. Also, incorporation of gaming input devices, such as operating consoles and joysticks to create different levels of vibrations drives the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the force feedback haptic interface market.
Opportunities
Furthermore, use of haptics to help visually impaired extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, technological advancements in haptic technology will further expand the market.
Restraints/Challenges
On the other hand, high cost of force feedback technology and technical challenges related to product design are expected to obstruct market growth. Also, manufacturing and supply chain constraints due to COVID-19 pandemic are projected to challenge the force feedback haptic interface market in the forecast period of 2022-2029.
This force feedback haptic interface market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on force feedback haptic interface market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Force Feedback Haptic Interface Market
The COVID-19 had a negative impact on the force feedback haptic interface market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand substation automation technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the force feedback haptic interface market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- Ultraleap signed an agreement with IPlan Ideas Events and its division in November’2020. IPlan Ideas Events will introduce the technology to a range of sectors, including retail, cinemas, kiosk makers, and advertising and marketing, among others.
- Immersion signed a multi-year license renewal with LG Electronics in Septeber’2020. The agreement was done for continued use of haptic technologies and TouchSense software in its mobile devices.
Global Force Feedback Haptic Interface Market Scope and Market Size
The force feedback haptic interface market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Hardware
- Software
- Controllers
- Sensors
- Actuators
Application
- Manufacturing Industries
- Military and Defence
- Gaming Console
- Medical and Healthcare
- Consumer Electronics
- Automotive
- Education and Training
- Scientific
- Others
System Platform
- Windows
- Mobile Operating System
- Others
Force Feedback Haptic Interface Market Regional Analysis/Insights
The force feedback haptic interface market is analysed and market size insights and trends are provided by country, product type and application as referred above.
The countries covered in the force feedback haptic interface market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the force feedback haptic interface market because of the rise in demand of virtual reality in various applications such as automobiles, medical devices, gaming, and others within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the prevalence of various consumer electronics manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Force Feedback Haptic Interface Market
The force feedback haptic interface market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to force feedback haptic interface market.
Some of the major players operating in force feedback haptic interface market are
- Apple Inc. (US)
- Google LLC (US)
- HAPTION (US)
- Immersion (US)
- 3D Systems, Inc. (US)
- Nuance Communications, Inc. (US)
- NOVASENTIS, INC. (US)
- Ultraleap Limited (UK)
- Qualcomm Technologies Inc (US)
- ALPS ALPINE CO., LTD. (Japan)
- NIDEC CORPORATION (Japan)
- Cypress Semiconductor Corporation. (US)
- Texas Instruments Incorporated. (US)
- Semiconductor Components Industries, LLC (US)
- Microchip Technology Inc. (US)
- Johnson Electric Holdings Limited (Hong Kong)
- Jinlong Machinery & Electronics Co. Ltd. (China)
- Precision Microdrives Limited (UK)
- Mplus. (India)
- TDK Corporation. (Japan)
- HaptX Inc. (US)
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