Industry analyst firm N-Tech Research has just published a new report on the global surface haptics market. The report titled, “Surface Haptics Markets 2018-2027,” predicts the market will surpass $11.5 billion in revenues in 2022, driven by widespread adoption of the technology within mobile electronics and the automotive sector.
Additional details about the report including a table of contents, figures and a downloadable sample can be found here.
Source: n-tech Research
About the Report
This report identifies the latest opportunities in the global surface haptics market. Until recently, the only widely used haptics effects have been vibration notifications and alarms in mobile electronics and the shaking of certain gaming accessories. This rudimentary haptics technology is being upgraded with more sophisticated and powerful capabilities. The surface haptics commercial issues discussed in this report include:
- The emergence of entirely new features in mobile electronics including virtual keyboards and buttons, virtual material textures and geographical topographies, customized multi-mode notifications and alerts and more.
- Where the next opportunities for surface haptics will be found beyond its current use in consumer electronics. The report discusses how the automotive sector aerospace, gaming, education, healthcare and advertising will provide significant opportunities in the future.
- The evolution of mechanical surface haptic actuation as well as entirely new actuation methods (such as electrostatic, ultrasonic and thermal) and haptics software libraries, to accommodate a variety of haptic feedback modes and types: vibrations, forces and pressures.
Coverage of the report is international with a discussion of how surface haptics markets will evolve in the U.S., Europe and Asia. In addition, the report provides 10-year forecasts of surface haptics markets in volume and value terms with breakouts by application, technology and geography.
The report will also review the activities of leading firms active in the surface haptics space including Apple, Google, Sony, Nokia, Microsoft, Fujitsu, Bosch, Kyocera and Fuji Xerox, as well as startups and major universities.
From the Report:
- N-Tech Research forecasts the global surface haptics market to grow from $400 million in 2018 to over $45 billion in 2027, with a CAGR of 60%. This growth is anticipated as the result of a fundamental transition from a simple and very limited haptics technology to much more elaborate, sophisticated and capable haptics technologies.
- In the report, N-Tech identifies the major markets for meaningful growth of surface haptics: mobile electronics and automotive infotainment systems. The mobile electronics market is currently the largest market for haptics and will continue to grow, reaching $6 billion in revenues by 2022. The automotive market, while in the beginning of its growth period, will reach $3 billion by 2022.
- N-Tech also forecasts the next emerging surface haptics markets: appliances and advertising. Widespread implementation of touchscreen controls in appliances will energize use of surface haptics, which could produce revenues of $300 million by 2022. Haptics in advertising has already demonstrated its effectiveness and appeal to customers through mobile electronics and interactive kiosks platforms. This market could reach $600 million by 2022.
