Sweden Tactile Sensors Market

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Sweden Tactile Sensors Market by Type (Resistive Tactile Sensors, Capacitive Tactile Sensors, Piezoelectric Tactile Sensors, Optical Tactile Sensors, and Others), by Application (Robotics, Computer Hardware, Security System, Touch Screens, Medical Devices, Handheld Devices, and Others), and by Industry Vertical (Automotive, Robotics and Automation, Aerospace and Defense, Consumer Electronics, Healthcare, and Other Industry) – Global Opportunity Analysis and Industry Forecast, 2024–2030

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

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Sweden Tactile Sensors Market Overview

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 is Driving the Demand for Sweden Tactile Sensors Market

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 Integration of Fingerprint Sensors in Smartphones Drive the Sweden Tactile Sensors Market

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.

The High Maintenance Costs Restrain the Sweden Tactile Sensors Market Growth

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.

Integration of Quantum Sensing Creates Market Opportunity

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.

Competitive Landscape

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.

The Sweden Tactile Sensors Market Key Segments

By Type

  • Resistive Tactile Sensors

  • Capacitive Tactile Sensors

  • Piezoelectric Tactile Sensor 

  • Optical Tactile Sensors 

  • Others 

By Application

  • Robotics

  • Computer Hardware

  • Security System

  • Touch Screens

  • Medical Devices

  •  Handheld Devices 

  • Others 

By End User

  • 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

  • The rising initiatives by key market players is driving the demand for Sweden tactile sensor
  • The integration of fingerprint sensors in smartphones drives the Sweden tactile sensor market

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.

KEY PLAYERS

  • 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

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Frequently Asked Questions

According to projections from Next Move Strategy Consulting, Sweden tactile sensors market is anticipated to reach USD 61.2 million by 2030.

The high maintenance costs restrain market growth.

As per NMSC, Sweden tactile sensors market was valued at USD 30.7 million in 2023.

Broadcom, Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated, and others are the top players operating in tactile sensors industry.

Sweden is anticipated to grow at a CAGR of 9.4% till 2030, driven by increased technological advancements in tactile sensors.

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