Tactile Actuator Market Report 2024 (Global Edition)

Global Tactile Actuator Market Report 2024 Market Size Split by Type (Eccentric Rotating Mass (ERM) Actuators, Linear Resonant Actuators (LRAS), Others), by Product (Active, Passive), by Application (...

Tactile Actuator Market Report Description

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Tactile Actuator Market Insights Video

Competitive Landscape of the Tactile Actuator Market

The tactile actuator market is characterized by a wide range of competitors, from well-known IT giants to niche businesses that specialize in haptic technology. The key players operating in the market are Nidec Corporation, AAC Technologies, Mplus, Jinlong Machinery & Electronics, Texas Instruments, Johnson Electric, Bluecom, TDK, Jahwa, PI Ceramic, Precision Microdrives and Novasentis.

March 2023: The Flowserve FlowSyncTM Bluetooth Actuator App has been released, according to Flowserve Corporation, a top supplier of flow control goods and services to the world's infrastructure industries. Plant operators now have an easier, safer way to commission, monitor, operate, and update actuators due to the cross-platform smartphone application. Source: https://www.flowserve.com/en/about-flowserve/news/press-releases/flowserve-launches-flowSync-bluetooth-actuator-app/.

 

Top Companies Market Share in Tactile Actuator Industry: (In no particular order of Rank)

• Nidec Corporation
• AAC Technologies
• Mplus
• Jinlong Machinery & Electronics
• Texas Instruments
• Johnson Electric
• Bluecom
• TDK
• Jahwa
• PI Ceramic
• Precision Microdrives
• Novasentis
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Tactile Actuator Market

Which Region Dominates the Tactile Actuator Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. The demand for haptic feedback to improve user experience is being driven by North America's high rate of smartphone and tablet adoption. Furthermore, the need for tactile actuators to deliver immersive haptic feedback is fueled by the popularity of virtual reality (VR) systems and gaming consoles in North America. Additionally, the advanced healthcare infrastructure and the innovation in advanced medical devices are expected to propel the market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Tactile Actuator market. The Asia Pacific Tactile Actuator market is expanding significantly due to the growing automotive sector. The automotive sector utilizes tactile actuators in infotainment systems and ADAS. Adding haptic feedback to car entertainment systems can improve user engagement and security. Furthermore, the use of tactile actuators in ADAS to provide haptic signals and alerts enhances driver safety. Moreover, the growing penetration of smartphones along with supportive government initiatives is another factor that drives the market expansion.

 

The current report Scope analyzes Tactile Actuator Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Tactile Actuator Market

According to Cognitive Market Research, the global Tactile Actuator market size was estimated at USD 7458.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2983.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Tactile Actuator market with a market size of USD 2353.81 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. The demand is amplified by the nation's growing technological advancements.
• The Canada Tactile Actuator market had a market share of USD 357.99 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Canada's growing investment.
• The Mexico Tactile Actuator market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 271.48 million in 2024.

Europe Tactile Actuator Market

According to Cognitive Market Research, the global Tactile Actuator market size was estimated at USD 7458.2 Million out of which Europe held the market more than 30% of the global revenue with a market size of USD 2237.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• The United Kingdom Tactile Actuator market had a market share of USD 375.89 million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. In the UK, Tactile Actuator sales witness an upswing due to the growing investment.
• The France Tactile Actuator market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 205.85 million in 2024.
• According to Cognitive Market Research, the German Tactile Actuator market size was valued at USD 443.02 million in 2024 and is projected to grow at a CAGR of 11.9% during the forecast period. In Germany, Tactile Actuator sales surged due to the increasing government initiatives.
• The Italy Tactile Actuator market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 192.42 million in 2024.
• The Russia Tactile Actuator market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 346.81 million in 2024.
• The Spain Tactile Actuator market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD 183.47 million in 2024
• The Luxembourg Tactile Actuator market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 69.36 million in 2024.
• The Portugal Tactile Actuator market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 46.99 million in 2024.
• The Greece Tactile Actuator market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 26.85 million in 2024.
• Rest of Europe's Tactile Actuator market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 346.81 million in 2024.

Asia Pacific Tactile Actuator Market

According to Cognitive Market Research, the global Tactile Actuator market size was estimated at USD 7458.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1715.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Tactile Actuator market size was valued at USD 771.92 million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. Tactile Actuator sales surged in China due to increasing investment.
• The Japan Tactile Actuator market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 236.72 million in 2024.
• The India Tactile Actuator market had a market share of USD 205.85 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. India's growing government initiatives.
• The South Korea Tactile Actuator market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 171.54 million in 2024.
• The Australian Tactile Actuator market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 89.20 million in 2024.
• The South East Asia Tactile Actuator market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 118.36 million in 2024.
• The Rest of the Asia Pacific Tactile Actuator market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 121.79 million in 2024.

South America Tactile Actuator Market

According to Cognitive Market Research, the global Tactile Actuator market size was estimated at USD 7458.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 372.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Tactile Actuator market size was valued at USD 159.61 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. Tactile Actuator sales flourish in Brazil due to rising technological advancement.
• Argentina Tactile Actuator market had a market share of USD 62.65 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. The growing investment drives the market growth in the nation.
• Colombia Tactile Actuator market is projected to witness growth at a CAGR of 12.4% during the forecast period with a market size of USD 33.19 million in 2024.
• Peru Tactile Actuator market is projected to witness growth at a CAGR of 12.8% during the forecast period with a market size of USD 30.58 million in 2024.
• Chile Tactile Actuator market is projected to witness growth at a CAGR of 12.9% during the forecast period with a market size of USD 26.85 million in 2024.
• The Rest of Latin America Tactile Actuator market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 60.04 million in 2024.

Middle East and Africa Tactile Actuator Market

According to Cognitive Market Research, the global Tactile Actuator market size was estimated at USD 7458.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 149.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.

• The GCC Countries Tactile Actuator market is projected to witness growth at a CAGR of 13.7% during the forecast period with a market size of USD 63.84 million in 2024. Tactile Actuator sales flourish due to the growing technological advancement.
• The Egypt Tactile Actuator market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 15.66 million in 2024.
• The South Africa Tactile Actuator market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 23.57 million in 2024. Tactile Actuator sales flourish in South Africa due to the rising investment.
• The Turkey Tactile Actuator market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 12.83 million in 2024.
• The Nigeria Tactile Actuator market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 15.66 million in 2024.
• The Rest of MEA Tactile Actuator market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 17.60 million in 2024.

Tactile Actuator Market Analysis

Tactile Actuator Market Type Segment Analysis

According to Cognitive Market Research, Eccentric Rotating Mass (ERM) Actuators stand out as the dominating category. Tactile actuators known as eccentric rotating mass (ERM) actuators are frequently employed in a variety of devices to produce haptic feedback. Due to their affordability, simplicity, and ease of integration, these actuators are well-liked in a variety of applications. Additionally, smaller, more effective ERM actuators that are appropriate for compact devices have been made possible by advancements in miniaturization technology.

Linear Resonant Actuators (LRAS) emerge as the fastest-growing category in the Tactile Actuator market. Compared to other actuator types, LRAs provide more accurate and responsive haptic feedback, which makes them perfect for high-performance applications. They use less energy than ERM actuators, which is important for battery-powered gadgets like wearables and smartphones. Thus, these properties are expected to propel the segment expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Tactile Actuator Industry. Request a Free Sample PDF!

Tactile Actuator Market Product Segment Analysis

According to Cognitive Market Research, the dominating category is Active. The increasing need for immersive virtual and augmented reality and gaming experiences is propelling the creation of sophisticated haptic feedback systems that utilize tactile actuators. Furthermore, the growing product launch in the market also favors market expansion.

The fastest-growing category in the Tactile Actuator market is the Passive. Compared to active actuators, passive tactile actuators are frequently easier to design and assemble, which lowers production costs. They save costs because their simple mechanical operation eliminates the need for intricate electronics and power management systems.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Tactile Actuator Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Mobile Terminal (Smartphone/Tablet). A significant market segment for mobile terminals, including smartphones and tablets, is the tactile actuator market, which is driven by the need for improved user experiences via haptic feedback. These devices' tactile actuators are crucial in creating tactile sensations that mimic in-person interactions with on-screen objects, enhancing utility, usability, and engagement.

The fastest-growing category in the Tactile Actuator market is the Automotive. The automotive industry's tactile actuator market is seeing substantial growth and change as a result of advances in vehicle technology and rising consumer demands for improved automation, safety, and user experiences. To provide tactile feedback and enhance the communication between drivers, passengers, and vehicle interfaces, tactile actuators are essential.

• Mobile Terminal (Smartphone/Tablet)
• Wearable Device
• Automotive
• Household Appliances
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion