May 26, 2024
Swipe Sensors Market

Global Swipe Sensors Market is Estimated to Witness High Growth Owing to Increasing Demand for Fingerprint Biometric Applications

The global swipe sensors market consists of various components such as fingerprint sensor, linear imager, capacitive touch controller IC, CMOS image sensor and others which are used for finger biometric authentication in smartphones, laptops, tablets and other consumer electronics devices. Swipe sensors have emerged as a cost-effective and convenient alternative to password in varied electronic gadgets due to their easy setup procedure and ability to instantly recognize fingerprints of authorized users. The growing need for contactless biometrics technology and stringent data security regulations are propelling the demand for fingerprint biometrics globally.

The Global swipe sensors market is estimated to be valued at US$ 2.94 BN in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global Swipe Sensors are Synaptics Incorporated, Atmel Corporation, Goodix, Idemia, Fingerprint Cards AB, CrucialTec, Shenzhen Goodix Technology, Validity Sensors, Egis Technology, Qualcomm Technologies, Inc, Texas Instruments Incorporated, NXP Semiconductors N.V., TE Connectivity, id3 technologies, Elliptic Laboratories ASA.

The Global Swipe Sensors Market Growth especially in developing regions along with integration of multiple biometric modalities in smartphones offer lucrative opportunities for swipe sensors manufacturers. Emergence of Internet of Things and increasing adaptation of biometric technologies across various industry verticals will further boost demand over coming years.

United States, China, Japan and Western European countries together accounted for more than 60% share of the global swipe sensors market due to stringent data security regulations and advancement in electronic payment systems in these regions. However, South Korea, India and other Asian countries are expected to witness highest growth during forecast period owing to rapid digitization and rising adoption of biometric authentication systems.

Market drivers

The primary driver for growth of global swipe sensor market is increasing demand for fingerprint biometric applications across varied industry verticals such as consumer electronics, BFSI, government & law enforcement, travel & immigration and healthcare. Wider implementation of swipe sensors as cost-effective and highly accurate user authentication method is fueling their adoption. Continued technological advancement to develop smaller, cheaper and more power efficient swipe sensors will further propel their usage in upcoming electronic devices.

PEST Analysis

Political: Technology regulations and data privacy laws have an impact on the adoption of swipe sensors in certain regions. Changes in trade policies may affect supply chains.

Economic: Economic growth and rising disposable incomes fuel demand for mobile devices and Internet of Things products integrated with swipe sensors. Higher spends on technology and automation also support market growth.

Social: Growing digitization and need for secure authentication are major social drivers. Consumers prefer contactless solutions for convenience. Wider usage of biometrics improves user experience in various applications.

Technological: Advancements in capacitive sensing, ultrasonic imaging and other technologies are improving accuracy and throughput of swipe sensors. Integration of biometrics with edge computing and 5G networks opens new opportunities. Miniaturization allows integration into diverse form factors.

The geographical regions where the global swipe sensors market in terms of value is concentrated include North America, Europe and Asia Pacific. North America accounts for over 30% value share due to high technology adoption rates among consumers and enterprises. Europe is another major regional market supported by stringent data security regulations.

The fastest growing region for the global swipe sensors market is expected to be Asia Pacific over the forecast period. This can be attributed to rising affluence, increasing digitization of economies and massive smartphone and electronics manufacturing bases in countries such as China, India, South Korea and Taiwan. Growing consumer demand for biometric security and convenience solutions also drives regional market growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it