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      Haptics Market Size to Surpass USD 15.84 Billion growth by 2025 at 15.96% CAGR - Report by Technavio

      Technavio (PRNewsfoto/Technavio)

      News provided by

      Technavio

      Sep 28, 2021, 06:30 ET

      Share this article

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      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.

      Dig Deeper to Get Exhaustive Analytical Insights

      Attractive Opportunities in Haptics Market by Application, Component, and Geography - Forecast and Analysis 2021-2025
      Attractive Opportunities in Haptics Market by Application, Component, and Geography - Forecast and Analysis 2021-2025

      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:

      Report coverage

      Details

      Base Year

      2020

      Forecast Period

      2021-2025

      Incremental Growth

      $ 15.84 billion

      CAGR

      Accelerating at 15.96%

      No. of Pages

      120

      Segmentation

      By geography-


      •

      APAC


      •

      Europe


      •

      North America


      •

      South America


      •

      MEA


      By component-


      •

      Actuators


      •

      Drivers and controllers


      •

      Software and technology


      By application-


      •

      Consumer electronics


      •

      Automotive

      Drivers

      •

      Adoption of HD haptics


      •

      Demand for interactive sensory experience


      •

      Increased demand for in-car infotainment services

      Challenges

      • 

      High power consumption


      •

      Slower adoption rate with the short product lifecycle


      •

      Design constraints

      Haptic Technology Market 2021-2025: Segmentation

      Haptics Market is segmented as below:

      • Component
        • Actuators
        • Drivers and Controllers
        • Software and Technology
      • Application
        • Consumer Electronics
        • Automotive
      • Geography
        • APAC
        • Europe
        • North America
        • South America
        • MEA

      Buy our market report now to gain access to detailed analysis on the haptic technology market: https://www.technavio.com/talk-to-us?report=IRTNTR43350

      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.

      Gain access to our repository of 17,000+ market research reports instantly for Benchmarking your Marketing Strategies to lead among competitors.

      Technavio's SUBSCRIPTION platform

      Related Reports on Information Technology Include:

      Global Haptics Technology Market

      Haptic Technology Market 2021-2025: Key Highlights

      • CAGR of the market during the forecast period 2021-2025
      • Detailed information on factors that will assist haptics market growth during the next five years
      • Estimation of the haptic technology 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 haptic technology market vendors

      Table of Contents:

      Executive Summary

      Market Landscape

      • Market ecosystem
      • Value chain analysis

      Market Sizing

      • Market definition
      • Market segment analysis
      • Market size 2020
      • Market outlook: Forecast for 2020 - 2025

      Five Forces Analysis

      • 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 2020-2025
      • Automotive - Market size and forecast 2020-2025
      • Market opportunity by Application

      Market Segmentation by Component

      • Market segments
      • Comparison by Component
      • Actuators - Market size and forecast 2020-2025
      • Drivers and controllers - Market size and forecast 2020-2025
      • Software and technology - Market size and forecast 2020-2025
      • Market opportunity by Component

      Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.
      • Texas Instruments Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Technavio's in-depth latest market research reports and top findings with exhaustive COVID insights have aided various Fortune 500 Companies to lead with confidence! Download Haptic Market to Uncover Report Coverage

      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.

      Contact

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: [email protected]
      Website: www.technavio.com/

      SOURCE Technavio

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