AI Products 

Global Swipe Sensors Market Growth Is Driven By Expanding Smartphone Industry

Global Swipe Sensors Market Growth Is Driven By Expanding Smartphone Industry

The global swipe sensors market has been gaining major traction on the back of proliferation of smartphones globally. Swipe sensors are used in a wide range of consumer electronics applications including smartphones, laptops, tablets, wearables, gaming peripherals and digital signage to authenticate users via fingerprint scanning. In smartphones, swipe sensors are embedded in-display or placed underneath the screen on the home button to enable quick and secure unlocking of device via fingerprint recognition. The rising sales of smartphones equipped with fingerprint sensors have boosted the demand for swipe sensors substantially. Over the past few years, nearly all leading smartphone brands have incorporated fingerprint sensors in their flagship models to offer enhanced security features to users. The growing popularity of full-screen smartphone designs have also created opportunities for in-display fingerprint sensors.

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 market 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 demand for swipe sensors is growing significantly owing to increasing proliferation of smartphones globally. As per estimates, over 1.5 billion smartphones are sold annually worldwide which is boosting the incorporation of fingerprint sensors.

The Swipe Sensors Market Demand is also witnessing expansion in regional markets with growing importance given to privacy and security. Major players are investing in developing economies in Asia Pacific and Middle East & Africa to cater to the massive untapped opportunities.

Market drivers

The key driver for growth in global swipe sensors market is the expansion of the smartphone industry. As mobile payments, banking and digital transactions gain popularity, fingerprint authentication has become essential to facilitate secure access. This has encouraged smartphone brands to integrate seamless and accurate fingerprint scanning systems using swipe sensors. Additionally, the rising demand for full-screen designs with invisible under-screen fingerprint sensors is another major factor propelling the market growth. Ongoing technological advancements to enhance sensor efficiency, accuracy and area coverage while minimizing cost will further support the swipe sensors demand over coming years.

The current geopolitical situation is having a substantial impact on the growth of the global swipe sensors market during the forecast period from 2024 to 2031. Rising geopolitical risks and tensions have disrupted global supply chains and logistics networks due to restrictions on imports and exports between countries. Frequent lockdowns and mobility restrictions imposed due to the ongoing pandemic have also hampered cross-border trade. This has led to delays and uncertainties in the procurement of raw materials and components required for the manufacturing of swipe sensors by companies. Reliance on a few manufacturing bases for key components has also increased vulnerabilities in supply.

Going forward, companies in the swipe sensors market need to focus on diversifying their supplier networks and sourcing from multiple regions to reduce reliance on any single country or region. Localized and regional production capacities also need to be enhanced. Strategic partnerships and collaborations could help companies mitigate geopolitical risks through joint venturing of manufacturing facilities or shared investments in logistics and warehouses across free trade zones. Policy level engagements with governments to streamline cross-border movements of essential goods can provide stable business environments. Research on alternative materials and innovative designs can boost self-reliance in key technologies.

Currently, North America has the largest share of the global swipe sensors market in terms of value owing to widespread adoption across smartphones, laptops, wearables and other consumer electronic devices in countries like the United States and Canada. Presence of leading technology companies and a highly literate consumer base have accelerated market growth. Asia Pacific is the fastest growing regional market for swipe sensors propelled by rapid digitalization, rising disposable incomes and massive smartphone manufacturing capacities in China, India, South Korea and other countries. Low input and labor costs have attracted many swipe sensor manufacturers to set up production bases in Asia Pacific. Europe is another major regional market supported by strong industrial and automotive sectors in Germany, UK and other European Union nations.

The global swipe sensors market in terms of value is currently most concentrated in Asia Pacific led by China, Japan, India and South Korea. Advanced technology clusters, specialized electronics manufacturing zones and availability of low cost skilled workforce have ensured leading swipe sensor manufacturers leverage Asia's scale. The region also has the world's largest smartphone and semiconductor manufacturing capacities with several international brands outsourcing production to Asian contract manufacturers, thus sustaining strong demand. China alone accounts for over 40% of the global swipe sensor market value owing to its pivotal role as the world's biggest exporter of electronics goods and integration into global supply chains.

Rising income levels, young demographics and burgeoning middle class are spurring demand for smartphones, wearables, payment terminals and various other consumer electronics supporting biometric authentication. Increasing government focus on enhancing digital infrastructure and pushing e-governance/e-commerce is also bolstering growth opportunities. Growing number of technology startups offering innovative security solutions based on swipe sensors further complements the market's expansion. At the same time, some African nations still face connectivity and affordability barriers limiting uptake of advanced technologies. However, China's Belt and Road Initiative to develop digital corridors is playing a pivotal role in improving regional connectivity while technology diffusion and access to low-cost devices could accelerate adoption going forward, progressively opening up new inroads for the swipe sensors market.

Get more insights on Swipe Sensors Market

Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more