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The haptics market size is forecast to increase by USD 9.67 billion at a CAGR of 12.88% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of haptic technology in various consumer devices, including smartwatches, cameras, media players, and haptics-enabled touch-based phones. In addition, the automotive industry is integrating haptic feedback systems in vehicle production to enhance the tactile experience for drivers. Consumer device OEMs are investing heavily in research and development of advanced haptic technology to provide users with a more realistic sensory experience. The evolution of smart material actuator technologies is a major growth factor, enabling the development of high-definition haptics. However, high power consumption remains a challenge that must be addressed to ensure the widespread adoption of haptic technology in mass-market consumer devices.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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