logo
logo
AI Products 

The Shutter Image Sensor Market is Estimated To Witness High Growth Owing To Increasing Adoption of Autonomous Vehicles

avatar
Purvaja
The Shutter Image Sensor Market is Estimated To Witness High Growth Owing To Increasing Adoption of Autonomous Vehicles

Shutter image sensors are light sensors that capture sequential images by exposing their photosensitive elements for a short duration of time. They are used in digital cameras, mobile phones, CCTV cameras and autonomous vehicles. Shutter image sensors provide high dynamic range, high sensitivity and low power consumption compared to traditional charge-coupled device image sensors.


The 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 fueling the growth of the shutter image sensor market is increasing adoption of autonomous vehicles. Auto manufacturers are focusing on equipping autonomous vehicles with advanced driver assistance systems (ADAS), which uses multiple shutter image sensors for monitoring the vehicle's surroundings. Shutter image sensors offer high resolution imaging allowing autonomous vehicles to map their surroundings accurately and make intelligent driving decisions. Additionally, increasing demand for high resolution cameras in smartphones and drones is also driving the demand for advanced shutter image sensors with higher pixel counts. Growing surveillance and security industry worldwide is another factor propelling the shutter image sensor market growth over the forecast period.


Porter’s Analysis

Threat of new entrants: The shutter image sensor market requires high R&D investment and capital expenditure to setup manufacturing plants restricting new players to enter the market. However, threat remains moderate due to growing demand.


Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and presence of established vendors. Buyers can negotiate on pricing and demand innovative products.


Bargaining power of suppliers: Major components used in manufacturing are integrated circuits, CMOS sensors increasing supplier power. Suppliers can influence prices.


Threat of new substitutes: Moderate threat exists from emerging image sensor technologies like smart image sensors posing substitution threat.


Competitive rivalry: Intense rivalry exists among key players to gain market share and develop innovative products driving down prices.


SWOT Analysis

Strength: Established manufacturing infrastructure and supply chain of key players. Growing demand for advanced cameras in smartphones, automotive, and security & surveillance industries.


Weakness: High R&D and manufacturing costs. Micro LED and CCD image sensors posing technology disruption risks.


Opportunity: Integration of AI capabilities in image sensors. Adoption in autonomous vehicles and AR/VR applications. Growing automotive and security industries especially in Asia Pacific.


Threats: Trade war affecting supply chains. Growing environmental regulations for e-waste disposal.


Key Takeaways

The Global Shutter Image Sensor Market Share is expected to witness high growth, exhibiting CAGR of 13% over the forecast period, due to increasing adoption of advanced cameras across industries. Asia Pacific dominates the market holding over 50% share due to presence of manufacturing plants of Sony, Samsung and other players in the region along with high smartphone adoption.


Regional analysis Asia Pacific is the fastest growing and dominating region for the shutter image sensor market. Established electronics industry and huge smartphone user base in China, Japan, South Korea and India are contributing to the regional market growth.


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, and Made-in-China.com.

Get more insights on this topic:

https://www.insightprobing.com/shutter-image-sensor-market-trends-share-analysis

collect
0
avatar
Purvaja
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more