Industry: Semiconductor & Electronics | Publish Date: 20-Jul-2024 | No of Pages: 169 | No. of Tables: 132 | No. of Figures: 77 | Format: PDF | Report Code : N/A
The Sweden Tactile Sensors Market size was valued at USD 30.7 million in 2023 and is predicted to reach USD 61.2 million by 2030, with a CAGR of 9.4% from 2024 to 2030. In terms of volume the market size was 6 million units in 2023 and is projected to reach 16 million units in 2030, with a CAGR of 13.8% from 2024 to 2030.
Tactile sensor is a specialized device designed to detect and measure physical interactions, such as touch, pressure, and force, with precision and responsiveness. These sensors are crucial in various applications across multiple industry verticals, including robotics and automation, healthcare, consumer electronics, automotive, and aerospace.
They employ advanced technologies such as capacitive, resistive, piezoelectric, and optical sensing to provide detailed feedback on physical contact, thereby enabling improved control, safety, and functionality within complex systems.
The rising initiatives by key market players, such as FINGERPRINTS and FLYWALLET, to develop biometric wearables are driving the Sweden tactile sensors market. These biometric wearables incorporate tactile sensors to enable secure and convenient user authentication through touch-based interactions, such as fingerprint scanning.
As demand for wearable technology continues to grow, particularly in the areas of fitness tracking, health monitoring, and contactless payments, the need for reliable and accurate tactile sensors is increasing.
This trend is contributing to the growth and expansion of the tactile sensor market in Sweden as manufacturers respond to the growing demand for tactile sensing solutions in the wearable technology sector.
For instance, in February 2023, Fingerprint Cards AB (Fingerprints) and Flywallet, a biometric wearables technology startup, collaborated to develop and launch biometric wearable products for the European market.
The wearable products feature Fingerprints' biometric sensors, software, and algorithms, benefiting from their ultra-low-power consumption, leading performance, and experience in secure biometrics innovation.
The initiatives taken by companies including Fingerprints to integrate fingerprint sensors into smartphones are driving the tactile sensor market in Sweden. By incorporating fingerprint sensors into smartphones, these companies are enhancing the security and convenience of mobile devices, thereby increasing their appeal to consumers.
As smartphone usage continues to grow globally, the demand for tactile sensors for biometric authentication purposes is rising. Fingerprints' efforts to develop and integrate advanced fingerprint sensor technology into smartphones are catalyzing innovation in the tactile sensor market, driving the adoption of tactile sensing solutions not only in Sweden but also worldwide.
This trend is propelling growth in the tactile sensor market as companies seek to meet the evolving needs of smartphone users for secure and intuitive authentication methods. For instance, in May 2023, Fingerprints, a leading biometrics company, integrated fingerprint sensors into 700 different smartphone models globally.
This achievement reflects the growing demand for mobile biometrics as customers seek more intuitive, versatile, convenient, and secure solutions. The 700th mobile device to integrate Fingerprints' technology is the Xiaomi Redmi K60, which features the companies recently launched optical under-display sensor, the FPC1632.
Regular calibration and maintenance are vital for maintaining the reliability and accuracy of tactile sensors, increasing the overall cost for businesses. Additionally, their sensitivity to environmental factors such as temperature and humidity poses challenges in maintaining consistent responsiveness and precision, especially in tough conditions.
These issues complicate sensor operation and deter potential users seeking low-maintenance solutions or consistent performance in various environments. Therefore, addressing these limitations is crucial for wider adoption and sustained Sweden tactile sensors market growth.
Quantum sensing methods incorporated into sensor technology leverage the unique traits of quantum mechanics, such as superposition and entanglement, for highly precise measurements. This integration enables sensors to detect even the smallest changes in pressure, force, or other physical attributes with unmatched accuracy. This heightened sensitivity opens up opportunities across various fields.
In scientific exploration, it allows researchers to study phenomena at incredibly small scales. In precision engineering, it improves the accuracy and efficiency of manufacturing processes and quality control.
In the realm of quantum computing, it aids in the advancement and operation of complex computational systems. As these applications expand, the integration of quantum sensing methods into sensors is expected to drive significant market growth in the coming years.
Several key market players operating in the Sweden tactile sensor industry include Broadcom, Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated, ALPS Electric (Cirque Corporation), STMicroelectronics N.V., FocalTech Systems Co., Ltd., Elan Microelectronics, Pressure Profile Systems, AIS Global group (Touch International Inc.), Tekscan Inc., ForceN, Contactile, Sensobright, X-Sensors, Barrett Technology and others.
Resistive Tactile Sensors
Capacitive Tactile Sensors
Piezoelectric Tactile Sensor
Optical Tactile Sensors
Others
Robotics
Computer Hardware
Security System
Touch Screens
Medical Devices
Handheld Devices
Others
Automotive
Robotics and Automation
Aerospace and Defense
Consumer Electronics
Healthcare
Other Industry
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 30.7 Million |
Revenue Forecast in 2030 |
USD 61.2 Million |
Growth Rate (Value) |
CAGR of 9.4% from 2024 to 2030 |
Market Volume in 2023 |
6 Million Units |
Volume Forecast in 2030 |
16 Million Units |
Growth Rate (Volume) |
13.8% |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Broadcom
Shenzhen Goodix Technology Co., Ltd.
Synaptics Incorporated
ALPS Electric (Cirque Corporation)
STMicroelectronics N.V.
FocalTech Systems Co., Ltd.
Elan Microelectronics
Pressure Profile Systems
AIS Global group (Touch International Inc.)
Tekscan Inc.
ForceN
Contactile
Sensobright
X-Sensors
Barrett Technology