Tactile VR Sector: Growth Drivers and Challenges
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
|
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 |
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Browse key industry insights with market data tables & charts from the report:
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.
