Press release
Automotive Haptic Technology Market Report: Anticipated Surge to USD 5.76 billion by 2029, Trends Predicted till 2029
Automotive Haptic Technology Market
Exactitude Consultancy research's "Automotive Haptic Technology Market Forecast" study report focuses at sales and the overall global market for Automotive Haptic Technology in 2022. The sales forecast for Automotive Haptic Technology by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Haptic Technology market, with sales of Automotive Haptic Technology broken down by region, market sector, and sub-sector, in US$ million.
Based on market dynamics and development-promoting variables, the Automotive Haptic Technology Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.
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Market Overview:
Automotive haptics is a technology that is commonly active in consumer electronics to improve the sensation, performance, and overall contribution to touchscreen accuracy. The increasing use of consumer products such as wearables, smartphones, tablets, smart homes, and virtual reality hardware is driving market expansion. Because most consumer gadgets are touch-enabled appliances with haptics, the need for haptic-based solutions is predicted to skyrocket over the next five years. Haptic technology creates user-friendly controls that are efficient and effective. Furthermore, the growing use of haptic technology in the gaming industry is likely to greatly boost market growth.
competitive analysis
The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Haptic Technology market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.
Major companies in Automotive Haptic Technology Market are:
Alps Electric, Continental, Panasonic, Valeo, Visteon, DAESUNG, Marquardt, Methode Electronics, SMK, and TOKAIRIKA
Recent Developments:
In January 2023, TDK Corporation announced the TDK i3 Micro Module, which has a built-in edge AI and wireless mesh connectivity capability. Through TDK's collaboration with Texas Instruments (TI), the i3 Micro Module integrates the TI SimpleLink platform, featuring the CC2652R7, an Arm Cortex-M4F multiprotocol 2.4-GHz wireless 32-bit microcontroller (MCU) for real-time monitoring.
In November 2022, Texas Instruments Incorporated announced the development of new Matter-enabled software development kits for Wi-Fi and Thread Simple Link wireless microcontrollers (MCUs), CC3235SF and CC2652R7, which will streamline the adoption of the Matter protocol in the Internet of Things (IoT) applications.
In June 2022, Microchip Technology Inc. launched maXTouch Knob-on-Display (KoD), an automotive-grade touchscreen controller that facilitates the detection and reporting of capacitive rotary encoders and mechanical switches on a touch panel.
In October 2021, AAC Technologies announced its joint venture with OnePlus for OnePlus 9RT, SLS ultra-linear speaker with an NLC low-frequency algorithm and X-axis linear motor with RichTap tactile feedback.
In September 2020, Johnson Electric Holdings Limited announced the launch of a new addition to the professional line of hair dryer motor solutions. The ECI-050 brushless motor for hair dryers is a single-phase solution that offers better performance while being cost-effective.
Automotive Haptic Technology Market Segmentation:
Automotive Haptic Technology Market by Vehicle Type, 2020-2029, (USD Million), (Thousand Units)
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Automotive Haptic Technology Market By Application, 2020-2029, (USD Million), (Thousand Units)
Box
Accelerator
HMI
Seats
Steering
Automotive Haptic Technology Market by Sales Channel, 2020-2029, (USD Million), (Thousand Units)
OEM
Aftermarket
Automotive Haptic Technology Market by Region, 2020-2029, (USD Million), (Thousand Units)
North America
Europe
Asia Pacific
South America
Middle East And Africa
Important Countries In All Regions Are Covered.
Our market analysts are professionals at carefully categorizing the global Automotive Haptic Technology market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automotive Haptic Technology market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.
This report also splits the market by region:
The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.
The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Strategic Points Covered in Table of Content of Global Automotive Haptic Technology Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Haptic Technology market
Chapter 2: Exclusive Summary - the basic information of the Automotive Haptic Technology Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Haptic Technology
Chapter 4: Presenting the Automotive Haptic Technology Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Haptic Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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