Shutter image sensors consist of complementary metal-oxide-semiconductor (CMOS) image sensor integrated with micro-electro-mechanical systems (MEMS) shutter that helps reduce pixel crosstalk and motion blur in images. These sensors offer high dynamic range imaging, fast frame rates, high sensitivity in low light conditions and allow shutter speeds ranging from nanoseconds to seconds. Advancements in autonomous vehicle technology is driving the need for high quality cameras with real time imaging capabilities to monitor surroundings.
The Global Shutter Image Sensor Market Size is estimated to be valued at US$ 33.21 Bn in 2024 and is expected to exhibit a CAGR of 21% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Integration of Shutter Image Sensors in Autonomous Vehicles
Growing demand for autonomous vehicles integrated with advanced driver assistance systems (ADAS) is a key factor fueling the demand for shutter image sensors. Shutter image sensors play an important role in object detection, collision avoidance and blind spot monitoring functions in autonomous vehicles. The ability of these sensors to capture high speed imaging with minimum motion blur make them suitable for real time image processing required in self-driving automotive applications. With continued technological advancements underway to commercialize autonomous vehicles, the shutter image sensor market is expected witness lucrative growth over the forecast period.
Porter's Analysis
Threat of new entrants: The threat of new entrants in the shutter image sensor market is low as it requires high R&D investment and manufacturing capabilities to produce quality shutter image sensors.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are multiple established players providing similar shutter image sensors. However, specialized applications require specific sensor solutions.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate as there are multiple raw material suppliers for shutter image sensor components like ICs, memory chips, lens and substrate materials.
Threat of new substitutes: The threat of new substitutes is low as shutter image sensors have distinct solutions compared to other image sensor types for fast still image capture applications.
Competitive rivalry: The competitive rivalry is high among established players to gain market share and develop new sensing solutions for emerging applications in consumer electronics, automotive, industrial and surveillance cameras.
SWOT Analysis
Strengths: Shutter image sensors offer faster readout speed and higher dynamic range than CMOS image sensors for capturing still images. They can achieve global shutter functionality without significant complexity and cost.
Weaknesses: Shutter image sensors have lower pixel counts and resolution than CMOS image sensors. They also require mechanical shutter mechanisms that increase product size and cost compared to CMOS sensors. Power consumption is relatively higher for readout operations.
Opportunities: Emerging applications in automotive cameras, industrial inspection and augmented/virtual reality headsets offer growth opportunities. Integration of advanced pixel circuits, processing and connectivity in a single shutter image sensor chip can reduce size and cost.
Threats: Competition from global CMOS image sensor giants expanding product portfolios. Possible substitution threat from advanced CMOS sensor technologies achieving global shutter with no mechanical parts.
Key Takeaways
The global shutter image sensor market is expected to witness high growth during the forecast period of 2024 to 2031 driven by increasing adoption in automotive, consumer electronics and industrial cameras applications.
The Asia Pacific region currently dominates the market and is expected to maintain its lead position attributed to presence of leading sensor manufacturers and growing electronics industry in China, South Korea and other Asian countries.
North America and Europe are other major markets for shutter image sensors owing to strong automotive, industrial automation and medical device manufacturing sectors. Country level analysis shows Japan and China as the top shutter image sensor producers accounting for over 50% of global production volume.
Key players operating in the shutter image sensor market are Nexeon Limited, Enevate Corporation, OneD Material, XG Sciences Inc., Nanotek Instruments, Inc., Zeptor Corporation, California Lithium Battery, Amprius, Inc., and Connexx Systems Corporation. These companies are focusing on developing shutters with better performance and integrating advanced functionalities on a single chip to target niche applications.
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Market AnalysisThe global image sensor market is predicted to touch USD 34.64 million at a 7.02% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis.
As per the current MRFR report, such factors include demand for lower power consumption, camera-enabled phone, increasing use on biometric applications, CMOS image sensor’s compactness, growing use in industry quality control for improving product yield and spotting detective units in product lines, and innovations in technology.
Additional factors adding market growth include new product launches, product development and upgrades, and increasing use in optical mice, virtual keyboards, video-conferencing applications, camcorders, and biometrics.
On the flip side, the huge power consumption of such sensors, the falling market of digital still cameras, and disruptions in the supply chain due to the ongoing COVID-19 outbreak are factors that may limit the global image sensor market growth over the forecast period.
The CMOS segment is again segmented into back-side illumination, front side illumination (FSI), and others.
The medical segment is segmented into ophthalmology, dermatology, dental, surgery, and endoscopy.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/956 Key PlayersLeading players profiled in the global image sensor market report include Teledyne Technologies (US), SK Hynix Inc. (South Korea), GalaxyCore Inc. (China), PixArt Imaging Inc. (Taiwan), ON Semiconductor (US), OmniVision Technologies Inc. (US), Samsung Semiconductor Inc. (South Korea), and Sony Corporation (Japan) among others.
