Global Swipe Sensors Market, By Technology (Capacitive, Optical, Thermal, Others), Material (Optical Prism, Sapphire, Adhesive, Piezoelectric Material, Urethane, Silicon, Anaerobic, Epoxy Resins, Ultrasonic, Coating Material, Pyroelectric Material, Others), Application (Consumer Electronics, Travel & Immigration, Government & Law Enforcement, Military, Defense & Aerospace, Banking & Finance, Commercial Security, Healthcare, Smart Homes, Others), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Swipe Sensors Market
The swipe sensors market is expected to witness market growth at a rate of 15.75% in the forecast period of 2021 to 2028. Data Bridge Market Research report on swipe sensors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of swipe sensors market.
Swipe sensor refers to a type of biometric authentication solution integrated into a number of electronic devices. These sensors are considered highly cost-effective, however it is less accurate in operation due to the need of finger movement on the sensing area. This scanning method decreases the accuracy of the authentication process as the movement of fingers are different every time.
The increase in adoption of fingerprint sensors in consumer devices across the globe acts as one of the major factors driving the growth of swipe sensors market. The increase in need of biometrics by government bodies as part of enhanced security, and rise in the levels of demands for fingerprint sensors in consumer electronics, especially smartphones accelerate the market growth. The rise in utilization of digital modes of attendance and time recording in different industries and facilities, and high use of fingerprint sensors in consumer devices for biometric authentication further influence the market. Additionally, digitization in the time & attendance, urbanization, utilization of fingerprint sensing in m-commerce applications positively affect the swipe sensors market. Furthermore, advancements in fingerprint sensors extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the sensors is expected to obstruct the market growth. Constraints such as threats pertaining to the biometric database in any organization are projected to challenge the swipe sensors market in the forecast period of 2021-2028.
This swipe sensors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info swipe sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Swipe Sensors Market Scope and Market Size
The swipe sensors market is segmented on the basis of technology, material, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the swipe sensors market is segmented into capacitive, optical, thermal, and others.
- On the basis of material, the swipe sensors market is segmented into optical prism, sapphire, adhesive, piezoelectric material, urethane, silicon, anaerobic, epoxy resins, ultrasonic, coating material, pyroelectric material and others.
- On the basis of application, the swipe sensors market is segmented into consumer electronics, travel & immigration, government & law enforcement, military, defense & aerospace, banking & finance, commercial security, healthcare, smart homes and others.
- On the basis of distribution channel, the swipe sensors market is segmented into online and offline.
Swipe Sensors Market Country Level Analysis
The swipe sensors market is analysed and market size, volume information is provided by country, technology, material, application and distribution channel as referenced above.
The countries covered in the swipe sensors market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominate s the swipe sensors market, is expected to witness significant growth during the forecast period of 2021 to 2028 due to the awareness of the benefits of using fingerprint sensing technology among the masses, and technological advancements in sensing technology within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Swipe Sensors Market Share Analysis
The swipe sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to swipe sensors market.
The major players covered in the swipe sensors market report are Synaptics Incorporated, Fingerprint Cards, Shenzhen Goodix Technology Co., Ltd., Egis Technology Inc., IDEMIA, IDEX ASA, Gemalto NV, Crossmatch, HID Global Corporation/ASSA ABLOY AB, Hanman, BIO-key, Precise Biometrics AB, and Shanghai Sili Microelectronics Technology Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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