Chan Ye Xin Xi Wang·2025-05-28 01:31Core Insights - The domestic ultrasonic fingerprint recognition module industry has rapidly penetrated from high-end markets to mass consumer sectors due to core technological breakthroughs and significant reductions in manufacturing costs, with a projected market size of approximately 2.697 billion yuan in 2024 [1][13] - The industry has seen a collaborative innovation across the supply chain, with domestic manufacturers upgrading piezoelectric materials from traditional lead zirconate titanate (PZT) to environmentally friendly aluminum nitride (AlN), and innovating with CMOS Sensor architecture, reducing module thickness to 0.15mm and production costs from $20 in 2021 to $12, a decrease of over 40% [1][13] - The application scenarios for ultrasonic fingerprint recognition modules have expanded explosively due to the dual drivers of cost reduction and performance enhancement [1][13] Industry Overview - Ultrasonic fingerprint recognition modules utilize ultrasonic waves to penetrate materials and identify fingerprints based on reflected signals, forming a 3D image for high precision and security [2] - The modules can be categorized into single-point and wide-area ultrasonic fingerprint recognition modules based on the recognition area size [2] Industry Development History - The industry has undergone four main stages: the embryonic phase before 2015, initial application from 2016 to 2020, rapid expansion from 2021 to 2023, and diversification of applications from 2024 onwards [4][5][6] - The initial phase saw limited commercial application due to sensor size and cost constraints, while the introduction of Qualcomm's SenseID in 2015 marked a significant technological advancement [4] - From 2021 to 2023, the industry experienced rapid growth, with domestic ultrasonic fingerprint recognition module shipments exceeding 120 million units in 2023, a year-on-year increase of 150% and a market penetration rate of 25% [5] Industry Supply Chain - The upstream of the ultrasonic fingerprint recognition module industry includes raw materials and production equipment, while the midstream involves the manufacturing of the modules, and the downstream encompasses applications in consumer electronics, automotive electronics, smart home, industrial manufacturing, and healthcare [8] Market Size - The global development of ultrasonic under-display fingerprint recognition technology has progressed slowly, with Qualcomm being an early player in the field [12] - The domestic ultrasonic fingerprint recognition technology has made significant strides, with companies like Goodix breaking Qualcomm's technological monopoly [12] Key Companies' Performance - The market remains in a blue ocean stage, with Qualcomm and Goodix holding over 90% market share, with Goodix leveraging its advantages in optical under-display fingerprint recognition and cost-effective domestic products [15] - Goodix's revenue from fingerprint recognition chips reached 1.679 billion yuan in 2024, with a market share exceeding 40% [16] - O-film Technology, a leader in optical and biometric recognition, has also made significant contributions to the industry, with a revenue of 4.882 billion yuan in Q1 2025 [18] Industry Development Trends - The technology iteration is accelerating, with a focus on precision improvement and scene penetration, aiming for 100% screen area recognition by 2025 [20] - Leading companies are integrating the entire supply chain from chips to algorithms to modules, enhancing competitive advantages [21] - The domestic market is driven by policies and market demand, with expectations for smartphone shipments to reach 320 million units by 2025, and ultrasonic fingerprint penetration rates to exceed 35% [23]