NEW YORK, Sept. 28, 2021 /PRNewswire/ -- According to Technavio, incremental growth of USD 15.84 billion is expected in the haptics market during 2021-2025. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the haptic technology market in optimistic, probable, and pessimistic forecast scenarios.
The adoption of HD haptics will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Scope of Haptic Technology Market Report:
$ 15.84 billion
Accelerating at 15.96%
No. of Pages
Drivers and controllers
Software and technology
Adoption of HD haptics
Demand for interactive sensory experience
Increased demand for in-car infotainment services
High power consumption
Slower adoption rate with the short product lifecycle
Haptic Technology Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the Haptics Market in Technology, Hardware, Storage & Peripherals Industry include AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., Analog Devices Inc., Dongwoon Anatech Co. Ltd., IMAGIS Co. Ltd., Immersion Corp., Infineon Technologies AG, Microchip Technology Inc., SMK Corp., and Texas Instruments Inc.
To help businesses improve their market position, Technavio's report provides a detailed analysis of vendors operating in the market. Backed with competitive intelligence and benchmarking, our research reports on the haptics market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
Haptics Market size
Haptics Market trends
Haptics Market analysis
The haptic technology market is fragmented, and the degree of fragmentation will accelerate. Factors such as high power consumption, slower adoption rate with the short product lifecycle, and design constraints will hamper the market growth.
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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.