Haptic Technology Market Size, Share, Trend, Forecast, & Industry Analysis

The haptic technology market was estimated at USD 3.46 billion in 2023 and is likely to grow at a CAGR of 11.89% during 2023-2028 to reach USD 6.07 billion by 2028. Major factors contributing to the growth of the market are the growing utilization of haptic technology in mobiles, cars and IoT appliances to achieve improved product design and operating accuracy along with several benefits offered by it, such as greater sound, touch, and visual effects in touchscreen devices.