Haptic Motors Market is expected to grow from USD 2.9 Billion in 2022 to USD 7.21 Billion by 2030, at a CAGR of 12.0%.
Haptics is a significant technology that can be found in a wide range of electronic devices nowadays. They use actuators to stimulate the sense of touch and are found in a wide range of devices as part of the user interface. There is a lot of variance in these haptic impacts. Providing notifications via a vibration alert has been the most popular application in the past. However, other effects have seen tremendous growth in the previous five years, ranging from input confirmation and button replacement to complex high-definition effects that replicate various virtual sensations. The underlying actuator technology is driving this expansion in use cases, as new types of actuators, drivers, and systems enable the introduction of new effects and the manufacture of more product.
Key Trends in Global Haptic Motors Market:
Increasing integration of haptics into consumer 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.
Haptics in these wearable devices convey information and provide real-life experiences.
Technical challenges related to product design
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.
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Global Haptic Motors Market: Segmentations
By Key Players
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
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
• Automotive
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Key Questions Answered in this Report:
- How has the global Haptic Motors market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global Haptic Motors market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the nature?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Haptic Motors market and who are the key players?
- What is the degree of competition in the industry?
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