Haptics Market by Application, Components, and Geography - Forecast and Analysis 2020-2024

The haptics market size has the potential to grow by USD 13.58 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

Market Competitive Analysis

The haptics market is fragmented. The established vendors in the market are heavily investing in R&D for the development of advanced haptic controls, which can support advanced electronic devices and equipment such as smartphones, wearables, and automobiles. AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., and Analog Devices Inc. are some of the major market participants. Although the introduction of ultrasonic haptics technology will offer immense growth opportunities, high power consumption will challenge the growth of the market participants. 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.

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To help clients improve their market position, this haptics market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this haptics market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.