PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627652
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627652
The ultrasonic fingerprint sensor market is expected to grow at a compound annual growth rate of 24.53% over the forecast period to reach a market size of US$2,096.074 billion in 2030 from US$871.494 billion in 2025.
Human fingerprints are effective and trustworthy human identifiers because they are specific, one of a kind, and, more importantly, invariant through time. Different technologies, including optical, capacitive, and acoustic mechanisms, can be utilized to create fingerprint sensors, which are used to capture an image of a human fingerprint. As new ultrasonic transducer technologies have decreased the technology's power, size, and cost, ultrasonic sensing has begun to advance into a far larger range of applications. Consumer electronics are beginning to utilize this technology, which is widely used in the industrial and medical sectors. Globalization, urbanization, and rising modernity all contribute to market growth. The rise in cyber threats and concerns about security breaches, technological advancements to improve the performance of fingerprint sensors, and the development of the e-commerce industry are further factors affecting the market's growth.
Capacitive is the market leader for fingerprint sensors in size, mostly due to its low cost and high customer acceptability. Capacitive sensors are incredibly tiny and can be employed in mobile and portable devices. One drawback of an Ultrasonic fingerprint sensor is that the technology isn't yet available at all price points; it's mostly found in expensive Samsung phones like the Galaxy S22 Ultra. Therefore, their higher price is their biggest detractor.
Governments worldwide are putting more emphasis on digitalization. Consequently, implementing various actions and raising financing to improve network and service security inspires the populace. The ultrasonic fingerprint sensor market is experiencing significant growth driven by several key factors. One is the increased global penetration of mobile phones. The percentage of individuals owning a mobile phone in 2023 globally was 78%, with the Americas having 88%, Europe at the top with 93%, and the Asia Pacific at 75%. This number underscores one of the largest and notably fast segments for ultrasonic fingerprint sensors. Secure mobile payments and user authentication are key functions of these devices. Thus, security concerns are becoming more important as customer demand for such gadgets grows. The ultrasonic fingerprint sensors market will expand due to increased mobile users and safety concerns.
As the most cutting-edge technology that involves transmitting supersonic waves to the surface of the finger through the sensor, the ultrasonic fingerprint is predicted to experience growth. Even when the finger is oily or unclean, it still functions perfectly. It makes it considerably more challenging for someone to use a 2D replica to access the phone because it maps each finger's distinctive features in 3D.
Geography-wise, the market of ultrasonic fingerprint sensors is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Based on this, the fingerprint sensor market is expected to be dominated by the Asia Pacific region. The advent of fingerprint sensors for authentication is contributing to an increase in smartphone use in this region since mobile payment transitions are rising, ultimately fueling market expansion. Further, the increased digital payment transactions are driving the need for secured authentication methods. According to UPI (Unified Payments Interface), the volume of digital payment transactions in India has increased steadily from 74,044.48 (in million) in 2022 to 83,751.14 in 2023. As technology continues to improve and costs decrease, the adaptation and application of these expand within the forecast period.
The use of fingerprint sensors for security and identification purposes is widespread in North America, where several companies manufacture and sell them. The technologies for pattern recognition and reception have advanced. The regional players are concentrating on product development and innovation. According to Pew Research, nearly all Americans own smartphones, regardless of socio-economic status. Among individuals aged 18-29, 97% own smartphones, the same percentage for those aged 30-49.
Product innovation and development with subsequent product launches set the market for ultrasonic fingerprint sensors, making a technology leap and, therefore, generating competitive pressure in the US market. Such innovations complement the sensors, so the devices' accuracy and security level are increased.
In May 2024, Goodix Technology announced that its innovative ultrasonic fingerprint system debuted in the newly released vivo X100 Ultra. This revolutionary solution has a one-of-a-kind design and patented algorithms that enable mobile devices to be unlocked seamlessly and securely.
Besides this, Huawei has filed for a new 'ultrasonic fingerprint recognition' patent, which appears to be intended for the premium Mate 70 series. Huawei applied for the ultrasonic fingerprint patent on July 4, 2023, with application number CN117058725A. Additionally, the patent discusses how the new system might increase fingerprint identification accuracy.
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