COVID-19 Impact and Recovery Analysis | Haptics Market 2020-2024 | Introduction of Ultrasonic Haptics Technology to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–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.

The #hapticsmarket size has the potential to grow by USD 13.58 billion during 2020-2024, according to @Technavio

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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

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