The haptic technology market is estimated to grow at a healthy CAGR of 12.03% during the forecast period to reach from USD 2.73 billion in 2021 to USD 6.07 billion by 2028. Major factors contributing to the growth of the market are the growing utilization of haptic technology in mobiles, cars and IoT appliances to achieve improved product design and operating accuracy along with several benefits offered by it, such as greater sound, touch, and visual effects in touchscreen devices.