Investment Rating - The report does not explicitly state an investment rating for the ultrasonic fingerprint recognition module industry Core Insights - The ultrasonic fingerprint recognition module market size is projected to grow from 18.45 billion CNY in 2022 to 109.83 billion CNY by 2029, reflecting a compound annual growth rate (CAGR) of approximately 28.5% [8] - The market size for ultrasonic fingerprint recognition modules in smartphones is expected to increase from 10.81 billion CNY in 2021 to 76.88 billion CNY by 2029, indicating a significant growth trajectory [25] - The penetration rate of ultrasonic fingerprint recognition modules in smartphones is anticipated to rise from 5.58% in 2021 to 47.72% by 2029 [16] - The unit value of ultrasonic fingerprint recognition modules is projected to decrease from 56.48 CNY in 2021 to 44.26 CNY by 2029, suggesting a trend towards cost reduction [21] Summary by Sections Market Size - The ultrasonic fingerprint recognition module market size is forecasted to grow significantly, reaching 22.44 billion CNY in 2023 and 26.97 billion CNY in 2024, with further increases in subsequent years [8][9] Smartphone Shipment Volume - China's smartphone shipment volume is expected to show a slight increase from 2.64 billion units in 2022 to 3.64 billion units by 2029, indicating a stable demand for smartphones [12] Penetration Rate - The penetration rate of ultrasonic fingerprint recognition modules in smartphones is projected to increase steadily, reaching 10.71% in 2023 and 12.85% in 2024 [16] Unit Value - The unit value of ultrasonic fingerprint recognition modules is expected to decline gradually, with estimates of 53.14 CNY in 2023 and 51.55 CNY in 2024 [21] Smartphone Application Proportion - The proportion of smartphones utilizing ultrasonic fingerprint recognition modules is expected to remain stable at 70% throughout the forecast period from 2021 to 2029 [30]