Jun 19, 2020 (Global QYResearch via COMTEX) -- The “Global Haptic Technology Market 2020-2027” report has been added to AcumenResearchandConsulting.com’s offering.
According to an analysis by the publisher, the global haptic technology market is predicted to grow at a CAGR of 14.85% during the forecasting period 2020-2027.
Download sample copy of report@ https://www.acumenresearchandconsulting.com/request-sample/551
The growing adoption by the gaming console companies, the increasing use of consumer electronic devices, the rising use of touch screen interface and the growing innovation and application in automotive industry are the factors driving the market growth of haptic technology. Key opportunities like increasing applications of systems for visually impaired and holographic display products must be leveraged to reach the projected growth rate. However, using haptic technology is expensive. The implementation costs are expected to decline only after mass production. The high cost of adopting haptic technology and the high power consumption, along with the technical challenges faced by manufacturers, are restraining the market growth.
The global market report covers the countries from Asia-Pacific, Europe, North America, Latin America and the Middle East & Africa.
Asia-Pacific is anticipated to be the largest market with the highest revenue for the haptic technology market. The main reason for this growth is the developing economies in Asian countries. Besides, the development of the automotive industry in China, Japan, India, South Korea and ASEAN countries are promoting the adoption of touch-enabled display systems, thereby instigating the market growth in the region. In addition, the growing penetration of smartphone adoption also contributes to the regional market growth of haptic technology.
In the haptics technology market, companies such as Apple, 3M, Johnson Electric, Cypress Semiconductor Corporation, Samsung Electronics, Elo Touch Solutions, Immersion Corporation, National Semiconductor, Alpine Electronics and GestureTek among others.
Download full study report, click here@ https://www.acumenresearchandconsulting.com/buy-now/0/551
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
Email: firstname.lastname@example.org | +1 407 915 4157
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.