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Tactile VR Market Size & Share, by Component (Hardware, Software); End-user (Automotive, Consumer Electronics, Healthcare, Transportation, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2929
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Tactile VR Market size was valued at USD 588.19 billion in 2024 and is expected to reach USD 7.47 trillion by 2037, registering around 21.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of tactile VR is assessed at USD 696.18 billion.

The growth of the market can be attributed to upsurge demand and usage of robotics across various end use industries. Moreover, natural exploration along with continuous research and development activities in the field of virtual reality is expected to have a positive impact on the market. Tactile VR involves the combination of tactile material and virtual reality to explore the concept of tangible data. According to a recent data published by The International Federation of Robotics, almost 2 million new units of industrial robots are expected to be installed in factories across the globe from the year 2020 to 2022.

Tactile-VR-Market-Size
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Growth Drivers

  • Upsurge Demand and Usage of Robotics
  • Growing Advancements in Virtual Reality Products
  • Increasing Integration of Virtual Reality with Automotive and Consumer Electronics

Challenges

  • Technical Issues Related to Product Design
  • High Cost Associated with Tactile VR Prod

Tactile VR Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

21.6%

Base Year Market Size (2024)

USD 588.19 billion

Forecast Year Market Size (2037)

USD 7.47 trillion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Tactile VR Segmentation

The market is segmented based on component into hardware and software. The hardware segment accounts for the maximum share in the component segment during the forecast period owing to usage of high sensitive sensors and cameras in various products. However, the software segment is expected to grow at a high CAGR over the forecast period owing to recent development and changes involved in software of virtual reality.

On the basis of end use industry, the market is further segmented as automotive, healthcare, consumer electronic, transportation, industrial and others. The automotive and consumer electronic segment is expected to occupy the largest market share in the forecast period owing to recent advancement in the field of automotive industry and growth of virtual operated consumer electronics across the globe. Also, there is an increase in adoption of tactile VR products in the automobile sector to control various components of the vehicle such as steering wheels, acceleration & brake paddle and other dashboard controls.

Our in-depth analysis of the global market includes the following segments:

           By Component
  • Hardware
  • Software

             By End Use Industry
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Transportation
  • Industrial
  • Others
 

 

 

Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Tactile VR Industry - Regional Synopsis

Asia Pacific industry is expected to account for largest revenue share by 2037, owing to rising disposable income, along with increased adoption rate of consumer devices, which is one of the major driving factors for market growth. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing importance of haptics in augmented and virtual reality, as well as in automobiles, healthcare, and medical industry in the region. Along with this, the North America also leads in terms of technological advancement in the field of IT, which is also expected to contribute to the market growth in the region. As per the analysis of Cyberstates, United States is the largest tech market in the world, representing 33% of the total, or approximately $1.6 trillion for 2021. Alternatively, the market in Europe is also anticipated to occupy a significant share in the tactile VR market on account of its large smartphone users and rapid development & launch of various advanced virtual reality products such as gloves, shoes and headsets in the region.

Tactile-VR-Market-Share
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Companies Dominating the Tactile VR Landscape

    • Hapton S.A
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Force Dimension
    • Geomagic, Inc
    • Immersion Corporation
    • MK Electronics
    • HaptX Inc
    • Texas Instruments Inc
    • Johnson Electric
    • Microchip Technology
    • TDK
  • Report ID: 2929
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of tactile VR is assessed at USD 696.18 billion.

Tactile VR Market size was valued at USD 588.19 billion in 2024 and is expected to reach USD 7.47 trillion by 2037, registering around 21.6% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is expected to account for largest revenue share by 2037, owing to rising disposable income, along with increased adoption rate of consumer devices.

The major players in the market are Force Dimension, Geomagic, Inc., Immersion Corporation, Hapton S.A., MK Electronics, HaptX Inc. and Texas Instruments Inc., and, among others.

Tactile VR Market Report Scope

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