IMARC Group

Haptic Technology Market 2023 Share, Size, Growth, Trends and Forecast 2028

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According to IMARC Group’s latest report, titled “Haptic Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global haptic technology market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028. Haptic technology uses virtual and mixed-reality solutions that utilize the senses of sight, sound, and touch to create a multi-modal user experience. It uses sensors to measure physical feedback and pressure sensitivity as an interface between users and connected devices, such as smartphones and tablets. It is commonly used in joysticks, controllers, and steering wheels to enhance the user experience in video games. At present, haptic technology finds extensive applications in surgical equipment, wearable devices, remote-controlled machines, and telerobots to improve their efficiency across the globe. Request Free Sample Report: https://www.imarcgroup.com/haptic-technology-market/requestsample Market Trends The global haptic technology market is primarily driven by increasing product adoption to improve the scalability of devices. Moreover, the rising use of haptic technology in smartphones, tablets, home appliances, and virtual interfaces to enhance the sound, touch, and visual effects of products while improving operational efficiencies and designs is positively influencing market growth. Additionally, the increasing utilization of haptic technology in gaming applications has catalyzed market growth. Furthermore, the widespread adoption of 3D touchscreen displays in automobiles and medical electronics is contributing to market growth. Other factors, including the development of efficient tools and devices for visually impaired individuals, the proliferation of haptics in robotics, and rapid growth in the consumer electronics industry, are also anticipated to drive the market further. Ask Analyst and Browse Full Report with TOC & List of Figure:  List of Key Companies Covered in this Market Report: The report has segmented the market on the basis of component, feedback, technology, application and geography. Breakup by Component: Breakup by Feedback: Breakup by Technology: Breakup by Application: Key highlights of the report: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group Email: sales@imarcgroup.com USA: +1-631-791-1145 | Asia: +91-120-433-0800 Address: 134 N 4th St. Brooklyn, NY 11249, USA Website: https://www.imarcgroup.com/ Follow us on Twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group