December 11, 2024
Shutter Image Sensor Market

Growing Adoption of Artificial Intelligence Propelling Growth of Shutter Image Sensor Market

Shutter image sensors are light sensitive image sensors used in cameras. They capture light intensity information at each pixel location and convert it into digital data that can be processed by an imaging device. Key advantages of shutter image sensors include high speed imaging capabilities to capture fast moving objects, low noise, high dynamic range, and continuous data streaming abilities. Growing adoption of artificial intelligence technologies such as computer vision, autonomous vehicles, and IoT is augmenting the need for high speed and high resolution image sensors for various industrial and commercial applications.

The Global Shutter Image Sensor Market Share 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 major trends in the shutter image sensor market is the increasing shift towards 3D sensing image sensors. Manufacturers are focusing on developing advanced 3D sensing image sensors integrated with time-of-flight (TOF) and IR technology for applications in face recognition, biometrics, and augmented reality/virtual reality devices. Growing demand for advanced driver assistance systems (ADAS) and self-driving vehicles has also bolstered research towards developing shutter image sensors with advanced night vision and high dynamic range capabilities. Furthermore, integration of CMOS image sensors with advanced pixel designs is enabling higher resolutions, lower power consumption and high speed readout abilities.

Porter’s Analysis
Threat of new entrants: Low capital requirements and established brand loyalty of existing players pose threat of entry for new entrants in this market.

Bargaining power of buyers: Buyers have moderate bargaining power due to presence of many established players providing substitutable products.

Bargaining power of suppliers: Key electronics component suppliers have significant influence on pricing and shipment timelines for shutter sensors.

Threat of new substitutes: Emerging alternative image sensor technologies like CMOS sensors pose potential threat to demand for shutter sensors.

Competitive rivalry: Intense competition exists among existing players to gain market share through innovations and partnerships with OEMs in consumer electronics and automotive sectors.

Key Takeaways
The Global Shutter Image Sensor Market Share is expected to witness high growth, exhibiting 13% CAGR over the forecast period 2023 to 2030, due to increasing demand for high-quality cameras in smartphones, laptops, and automotive applications.

Regional analysis: Asia Pacific dominates the global shutter image sensor market and is expected to continue its dominance over the forecast period, primarily driven by strong presence of major players in countries like Japan, China, South Korea as well as high demand from consumer electronics and automotive sectors 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. Sony and Samsung collectively hold around one-third of global shutter image sensor market share.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Ravina
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Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. 

Ravina Pandya

Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. 

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