Technavio has been monitoring the haptics market and it is poised to grow by USD 13.58 billion during 2020-2024, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Haptics Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., Analog Devices Inc., Cypress Semiconductor Corp., Dongwoon Anatech Co. Ltd., IMAGIS Co. Ltd., Immersion Corp., Microchip Technology Inc., SMK Corp., and Texas Instruments Inc. are some of the major market participants. The introduction of ultrasonic haptics technology will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The introduction of ultrasonic haptics technology has been instrumental in driving the growth of the market.
Haptics Market 2020-2024: Segmentation
Haptics Market is segmented as below:
-
Application
- Consumer Electronics
- Automotive
-
Geography
- APAC
- Europe
- North America
- MEA
- South America
-
Component
- Actuators
- Drivers and Controllers
- Software and Technology
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Haptics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our haptics market report covers the following areas:
- Haptics Market Size
- Haptics Market Trends
- Haptics Market Industry Analysis
This study identifies the adoption of HD haptics as one of the prime reasons driving the haptics market growth during the next few years.
Haptics Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the haptics market, including some of the vendors such as AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., Analog Devices Inc., Cypress Semiconductor Corp., Dongwoon Anatech Co. Ltd., IMAGIS Co. Ltd., Immersion Corp., Microchip Technology Inc., SMK Corp., and Texas Instruments Inc. Backed with competitive intelligence and benchmarking, our research reports on the haptics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Haptics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist haptics market growth during the next five years
- Estimation of the haptics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the haptics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of haptics market vendors
Table Of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Consumer electronics – Market size and forecast 2019-2024
- Automotive – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Component
- Market segments
- Comparison by Component
- Actuators – Market size and forecast 2019-2024
- Drivers and controllers – Market size and forecast 2019-2024
- Software and technology – Market size and forecast 2019-2024
- Market opportunity by Component
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AAC Technologies Holdings Ltd.
- Alps Alpine Co. Ltd.
- Analog Devices Inc.
- Cypress Semiconductor Corp.
- Dongwoon Anatech Co. Ltd.
- IMAGIS Co. Ltd.
- Immersion Corp.
- Microchip Technology Inc.
- SMK Corp.
- Texas Instruments Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200507006126/en/