According to Cognitive Market Research, the global Tactile Actuator market size is USD 7458.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.
North America held the major market share for 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.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2237.46 million.
Asia Pacific held a market share 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.
Latin America had a market share 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.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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.
Eccentric Rotating Mass (ERM) Actuators held the highest Tactile Actuator market revenue share in 2024.
