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 market 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 Size sis 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.