Latin America Haptic Devices Market Size & Outlook
The haptic devices market in Latin America is expected to reach a projected revenue of US$ 931.6 million by 2030. A compound annual growth rate of 17.1% is expected of Latin America haptic devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$308.0
Forecast, 2030 (US$M)
$931.6
CAGR, 2024 - 2030
17.1%
Report Coverage
Latin America
Latin America haptic devices market, 2018-2030 (US$M)
Latin America haptic devices market highlights
- The Latin America haptic devices market generated a revenue of USD 308.0 million in 2023.
- The market is expected to grow at a CAGR of 17.1% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 308.0 million |
| Market revenue in 2030 | USD 931.6 million |
| Growth rate | 17.1% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | Aito, Boréas Technologies, Cirrus Logic Inc, Hap2U, Immersion Corp, Johnson Electric Holdings Ltd, Yageo Corp ADR, Microchip Technology Inc, Mouser Electronics, Synaptics Inc, TDK Corp, Texas Instruments Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global haptic devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,368.3 million by 2030.
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Haptic Devices Market Scope
Haptic devices market segmentation & scope
Usage
Graspable
Touchable
Wearable
Type
Active Haptic Devices
Passive Haptic Devices
Feedback
Electrotactile
Others
Force
Vibrotactile
Thermal
End Use
Automotive
Gaming
Aerospace & Defense
Education
Others
Use
Entertainment
Healthcare
Countries
Canada
Mexico
U.S.
France
Germany
Italy
UK
Australia
China
India
Japan
South Korea
Brazil
Saudi Arabia
South Africa
UAE
Haptic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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