Tactile Actuator Market Size, Share, Growth, And Industry Analysis By Type (ERM Actuators, LRAS, and Others) By Application (Mobile Terminal, Wearable Device, Automotive, Household Appliances, and Others), Regional Forecast To 2031

Updated On: 15 April 2024

Tactile Actuator Market Report Overview

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global tactile actuator market size was USD 7373 Million in 2021 and market is projected to touch 23311.64 Million by 2031, exhibiting a CAGR of 12.2% during the forecast period.

A tactile actuator is a machine that generates a feeling of pressure or touch. Haptic feedback or the sensation of touch that happens when you interact with a user interface, can be provided via it. For instance, a little vibration that signals contact may be felt when you push a button on your phone. A tactile actuator creates this haptic feedback.

It comes in various designs, each with special advantages and disadvantages. The piezoelectric actuator is the most typical kind of tactile actuator. This kind of actuator produces vibrations through an electric field that can be utilized to produce a wide range of textures. Because they are frequently extremely compact and light, piezoelectric actuators are perfect for portable devices. However, they can be rather pricey and must be handled carefully to prevent damage.

COVID-19 Impact: Businesses have been Compelled to Cut Costs and Spend Less on Luxuries, and Less Demand from Automotive and Consumer Electronics Industries Hampered the Market Growth

The covid-19 epidemic has caused significant economic disruptions all over the world. The pandemic has had a substantial effect on the tactile actuator market. The Covid-19 pandemic’s impact on the need for tactile actuators can be blamed for the fall. Businesses have been compelled to cut costs and spend less on luxuries like tactile actuators. Additionally, the pandemic has affected several end markets, including the automotive and consumer electronics industries. As a result, these industries are now buying fewer tactile actuators. The Covid-19 pandemic negatively influenced end markets like automotive and consumer electronics. Therefore the rebound can be linked to pent-up demand from those sectors. Furthermore, it is anticipated that government stimulus plans will assist in increasing economic activity and fuel demand.

Latest Trends

"Haptic feedback Boosts the Market Expansion"

Haptic feedback is the most recent trend in the tactile actuator market. As a result, using electronic devices can be a more immersive and realistic experience. Different textures, vibration patterns, and temperatures can be provided using haptic feedback to replicate various sensations. This can be applied to make video games more realistic or to give virtual reality applications feedback.

Tactile Actuator Market Segmentation

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• By Type Analysis

The tactile actuator market can be segmented into ERM actuators, LRAS, and others. Among these, ERM actuators are projected to experience rapid growth through 2031.

• By Application Analysis

The market can be divided based on application into the mobile terminal, wearable device, automotive, household appliances, and others. The mobile terminal is expected to hold the most significant tactile actuator market share in the upcoming years.

Driving Factors

"Haptic Feedback in Consumer Electronics and Miniaturization of Actuatorst Propel the Market Expansion"

The market is expanding due to numerous important driving forces. First, the industry is expanding due to the rising need for haptic feedback in consumer devices. Gaming controllers, smartphones, and similar gadgets increasingly incorporate haptic feedback because it gives users a realistic and immersive experience. Second, another important driver fueling the market’s expansion is the shrinking of electronics. There is an increasing need for miniaturized actuators that can fit into these devices without sacrificing performance as electronic gadgets get smaller and more compact. New actuator technologies that are more precise and compact due to this have been created.

"The Rise in Research and Development Activities in the Field of Robotics Fuel the Market Growth"

The increase is also aiding the expansion of the robotics industry in R&D activities. They can provide the high precision and control needed for robotic applications. Actuators are now being used more frequently in industrial and medical robots.

Restraining Factors

"High Cost of Production and Lack of Awareness Hinder the Market Growth"

In the coming years, the market is anticipated to expand dramatically. There are a few restraints, though, that might limit its development. First, producers have a lot of difficulties due to the high cost of production. Second, a major problem impeding market expansion is consumers’ lack of knowledge about the advantages of tactile actuators. Finally, two more of the industry’s major problems are the complexity of the technology and the absence of skilled workers.

Tactile Actuator Market Regional Insights

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"U.S. to Dominate Market Due to the Haptic Feedback in Consumer Electronics and Miniaturization of Actuatorst"

Between 2022 and 2031, the tactile actuator market will be dominated by U.S. Factors driving the market growth in this region include the haptic feedback in consumer electronics and the miniaturization of actuators.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The rise in research and development activities in robotics fuel market expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• AAC Technologies (Hong Kong)
• Nidec Corporation (Japan)
• Mplus (U.S.)
• Jinlong Machinery & Electronics (China)
• Bluecom (India)
• Johnson Electric (Hong Kong)
• Texas Instruments (U.S.)
• TDK (Japan)
• Jahwa (South Korea)
• PI Ceramic (Germany)
• Precision Microdrives (U.K.)
• Novasentis (U.K.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.