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Global Haptics Technology Market in Consumer Electronics 2015-2019: Market Trends, Demands, Growth and Future

ResearchMoz added Latest Research Report titled " Global Haptics Technology Market in Consumer Electronics 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.

 

Albany, NY -- (SBWIRE) -- 02/15/2017 -- Haptics is a tactile feedback technology that recreates the sense of touch by applying forces, vibrations, or motions to the user. Through this technology, consumers are able to perceive touch sensations when using electronic devices. Haptics are enabled by actuators that are embedded in the device and it makes the user experience more physical and realistic. Haptic feedback for mobile devices is usually acquired through tactile feedback because the outside environment for mobile devices doesnt have any mechanical constraints. Vibrotactile is the widely used tactile feedback for mobile devices but advances in actuators and controls have created other tactile feedbacks like pulses and vibrations.

The global haptics technology market in consumer electronics to grow at a CAGR of 21.1% over the period 2014-2019. The report includes the present scenario and the growth prospects of the global haptics technology market in consumer electronics for the period 2015-2019. To calculate the market size, the report considers revenue generated from software license agreements and patent license agreements of global haptics technology for consumer electronic devices. The consumer electronic devices considered in the report include:
- Smartphones
- Tablets
- Gaming consoles
- Wearables (smartwatch and smart bands)
- Others (digital cameras, personal navigation devices, portable media players, printer, and white goods)

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The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Footwear
- Bags, wallets and purses
- Luggage

Geographical segmentation and analysis of the leather goods industry
- Americas
- APAC
- Europe
- MEA

The Americas accounted for 39% of the market share during 2014 and is predicted to retain its leadership until the end of 2019. The US is the market leader in this region followed by Canada. Product innovation and technological advancement are the primary growth drivers of this market.

Competitive landscape and key vendors - Hermes, Prada, Coach, Kering, Louis Vuitton
The leather goods industry is highly fragmented due to the presence of both top vendors and private players operating across the globe. The market is expected to be more competitive during the forecast period as a result of several product launches, price wars, mergers and acquisitions.

The leading vendors in the market are -
- LVMH
- Kering
- Coach
- Prada
- Hermes

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Key questions answered in the report include
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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