Haptics Market: Embracing the Next Wave of Rapid Growth: IDTechEx Webinar

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The commercial development of haptics has moved in waves. Eccentric Rotating Mass Motors (ERMs) dominated the haptics industry from the first rise of haptics in consumer products in the 1990s until the early 2010s. In 2015, Apple launched its Taptic Engine, driving a significant shift from incumbent vibration motors to Linear Resonant Actuators (LRA) across the market. Today, LRAs are seen replacing ERM motors in more spaces, such as in handheld consoles, VR controllers, and many other types of devices, beyond where it all started in the smartphones. The switch has been so ubiquitous that LRAs can be found in most mainstream consumer electronics products.

Despite the large increase in market revenue in 2020 and 2021, the haptics market is expected to witness a slower increase in the coming years owing to several factors. Accelerating market growth requires new technologies and new adoption in more industries. The recent IDTechEx report, “Haptics 2023-2033: Technologies, Markets, and Players”, reveals the biggest challenges, current market landscape and important future trends for the haptics market. The report also provides forecasts for the next wave of market growth.

This webinar, in addition to focusing on future challenges and market drivers, will cover other key findings from IDTechEx’s research, including:

  • Clarify the definition and types of haptics
  • Use cases of haptics in different industries
  • Benchmark of haptic technology
  • Analysis of the current market landscape
  • Main short-term market challenges
  • Key Long-Term Market Drivers
  • Some key takeaways from the IDTechEx forecast
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