Tactile Actuator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The tactile actuator are tiny vibration motors used in mobile terminals, gaming consoles, etc. These are used to produce motion that allows electronic devices to convey information to the user through their sense of touch. The tactile actuators consist of two poles placed at a particular and fixed air gap that are mechanically fastened together by means of a spring and/or housing. One of the pole parts is stuck inside a wound coil assembly. This pole piece is the stationary pole piece that will stay static while the actuator is energized. Small and highoefficiency types are provided by tactile actuator. Eccentric rotating mass (ERM) actuator and linear resonant actuator (LRA) are two of the most popular forms of tactile actuators used in the market. Tactile actuators are also known as haptic feedback actuators. More advancement in tactile actuator in the future is expected to drive the market during forecast period. 

MARKET SCOPE

The "Global Tactile Actuator Market Analysis to 2031" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the tactile actuator market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading tactile actuator market players and offers key trends and opportunities in the market. 

MARKET SEGMENTATION

• Based on type, the global tactile actuator market is segmented into eccentric rotating mass actuators, linear resonant actuators, and others. 
• On the basis of application, the market is segmented into mobile terminal, wearable device, automotive, household appliances, and others. 

MARKET DYNAMICS

Drivers  

 

• The growing demand for consumer electronic such as cellphones and gaming play stations around the world and rising application of tactile actuator from different sectors such as automotive is driving the growth of the tactile actuator market. 
• Rising investment by manufacturer for more technological advancement in tactile actuator is anticipated to create market opportunities for the tactile actuator market during the forecast period. 

Restraints

• Lack of awareness in developing nations and high cost may restrain the growth of the tactile actuator market. 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The tactile actuator market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. 
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tactile actuator market in these regions. 

IMPACT OF COVID-19 ON TACTILE ACTUATOR MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities. 

MARKET PLAYERS

The report covers key developments in the tactile actuator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tactile actuator market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tactile actuator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 

• AAC Technologies
• JAHWA
• Jinlong Machinery and Electronics Co. Ltd. 
• Johnson Electric Holdings Limited
• Mplus
• NIDEC CORPORATION
• NOVASENTIS, INC. 
• Precision Microdrives Limited
• TDK Electronics AG
• Texas Instruments Incorporated

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. 

Tactile Actuator Report Scope