The Haptic Technology Market is expected to reach USD 30 billion by 2030, growing at a CAGR of 20% from 2024 to 2030. The market was valued at USD 14 billion in 2023. The growth is driven by the increasing demand for AR/VR applications, gaming, and automotive industry demand. The market is segmented by application, type, business scope, and manufacturing, and outlook. Some of the major companies operating in the market are Apple, Microsoft, Immersion, Synaptics, Bosch, Senseg, HaptX, Ultraleap, Tesla, VRgineers, LG, Qualcomm, Oculus, Leap Motion, Aptiv, and HapticsLab.
The market is expected to witness growth in North America, Europe, and the Asia-Pacific region. The report provides an in-depth analysis of the global haptic technology market, including market trends, drivers, challenges, and opportunities. It also provides a SWOT analysis of the major players, as well as market segmentation based on application, type, and geographical regions. With a focus on Haptic Technology, this report contains an extensive analysis of the market, which helps to analyze the market size, share, size, and trends, as well as the driving forces to grow the market.