Ultrasonic Fingerprint Sensor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Security Application (Mobile Devices, Laboratories, Government And Corporate Organizations, Commercial And Residential Security, Travel), And By Geography - Forecasts From 2022 To 2027

The ultrasonic fingerprint sensor market is expected to grow at a compound annual growth rate of 24.23% over the forecast period to reach a market size of US$1,325.276 million in 2027 from US$290.262 million in 2020.

Market Overview:

Human fingerprints are effective and trustworthy identifiers of human identity 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 value growth. The rise in cyber threats and concerns about security breaches, the development of technologies to improve the performance of fingerprint sensors, and the development of the e-commerce industry are further factors affecting the market's growth.

Growth factors:

Region-based growth

Based on region, 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 on the rise ultimately fueling market expansion. According to figures for 2021, there have been 57,98,154,71 Cr. in electronic transactions in India. (Source: www.npci.org.in). 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. For instance, a Qualcomm ultrasonic fingerprint scanner was reportedly used in one of the iPhone's 2020 smartphone versions.

Better security with efficiency in devices

Governments throughout the world are putting more emphasis on digitalization. Consequently, implementing various actions and raising financing for the creation of an improved network and service security will inspire the populace. 5.2 billion people, or 67% of the world's population, had mobile service subscriptions by the end of 2020 (Source: GSMA). This is driving up demand for gadgets like wearable technology, tablets, PCs, and notebooks. Thus, security concerns are becoming more important as customer demand for such gadgets grows. The market for ultrasonic fingerprint sensors will expand as a result of this increase in mobile users and safety. 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. If 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. For instance, Qualcomm released the 3D Sonic Sensor Gen 2 for smartphones and tablets on January 11, 2021. This sensor is faster, more dependable, and can recognize prints even when they are wet. Scanning the 3D features of a user's finger with ultrasonic waves also provides a more improved user experience.

Restraints:

High price issue

Capacitive is the market leader for fingerprint sensors in terms of size, mostly due to its low cost and high level of customer acceptability. Capacitive sensors can be employed in mobile and portable devices and are incredibly tiny. 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.

Key Developments:

• January 2021: The newest iteration of its ultrasonic in-display fingerprint sensor, the 3D Sonic Sensor Gen 2, has received an announcement from Qualcomm and looks to significantly outperform the first model in almost every manner. To unlock phones even faster, the latest version features a larger sensor surface area and speedier processing.
• August 2021: The iQOO 8 series, which consists of the standard iQOO 8 and the iQOO 8 Pro, was unveiled by Vivo. The iQOO 8 Pro was advertised during the launch as having a 3D ultrasonic fingerprint scanner. With just one tap, the Qualcomm 3D Sonic Max in the IQOO 9 Pro provides an incredibly quick fingerprint enrollment process. After the user's fingerprint is registered, it takes just 0.2 seconds to unlock the phone.

Covid-19 Impact on Ultrasonic Fingerprint Sensor Market

One of the main growth markets for fingerprint sensors is consumer electronics including PCs, cellphones, and tablets as well as biometric smartcards like those used for contactless payments. The demand for consumer gadgets including smartphones, laptops, PCs, and tablets has grown as a result of the COVID-19 epidemic. For instance, the sale of computers increased by 50% in Russia in March 2020 as a result of the pandemic (Source: RBC.ru).

Ultrasonic Fingerprint Sensor Market Scope:

Segmentation:

• By Security Application
  • Mobile Devices
  • Laboratories
  • Government and Corporate Organizations
  • Commercial and Residential Security
  • Travel
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Others