by Shutter image sensors help in capturing images in low-light conditions without the need for flashlight. It provides better image quality with enhanced dynamic range as compared to other sensors. These sensors find wide usage in smartphones, security cameras, vision systems and automotive applications due to their advantages.
The global Shutter Image Sensor Market is estimated to be valued at US$ 28.82 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the shutter image sensor market is the increasing demand for high pixel density sensors from consumer electronics manufacturers. Smartphone and camera manufacturers are focusing on developing high-resolution cameras with emphasis on improving image quality. This is propelling the demand for smaller pixel sizes which in turn is driving innovations in sensor architectures to incorporate more pixels within the limited sensor area. The development of advanced CMOS pixel designs and fabrication processes is enabling increasing pixel densities in image sensors. This trend is expected to continue during the forecast period with demand for super high megapixel count sensors.
SWOT Analysis
Strength: Shutter Image Sensor uses CMOS technology which allows for lower power consumption and higher efficiency. It provides improved image quality compared to CCD image sensors.
Weakness: Shutter Image Sensor requires a more complex manufacturing process than CCD image sensors which increases production costs. Miniaturization of components for higher resolution sensors is also a challenge.
Opportunity: Growing adoption of AI and machine vision technologies across various industries is driving the demand for image sensors. Rising use of smart cameras and drones also presents an opportunity.
Threats: Price wars among the major players to gain market share can squeeze profit margins. Stringent regulations regarding privacy and security of image data captured can limit growth.
Key Takeaways
The Global Shutter Image Sensor Market Share is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing demand for advanced camera modules in smartphones. Miniaturization of components and higher resolution sensors are fueling the market growth.
Regional analysis:
The Asia Pacific region dominates the Shutter Image Sensor market currently due to presence of major manufacturing hubs and suppliers in countries like China, Taiwan and South Korea. The demand is increasing rapidly driven by the smartphone manufacturing industry. Europe is also a major market due to focus on research & development of advanced camera technologies by leading players based in the region.
Key players operating in the Shutter Image Sensor market are Sony, Samsung, OmniVision, ON Semiconductor, Canon, SK Hynix, STMicroelectronics, Panasonic, Teledyne Technologies, Hamamatsu Photonics, Infineon Technologies, ams, Himax Technologies, Gpixel, New Imaging Technologies, Sharp, Lite-On Technology Corporation, Winbond Electronics Corporation, Holst Centre/imec, Made-in-China.com. Major players are focusing on developing higher resolution sensors with improved low-light capabilities.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
