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Shutter Image Sensor Market

Market Study on Shutter Image Sensors: In the Wake of Critically Rising Demand for Surveillance and Security Systems, PMR Foresees a Wave of Business Opportunities Arising in the Industry over the Upcoming Years

A Detailed Analysis of the Shutter Image Sensor Market Based on Rising Demand for High-quality Imaging, New Product Launches, and Swift Tech Advancements

Shutter Image Sensor Market

The global shutter image sensor market is forecast to expand at a CAGR of 12.2% and thereby increase from a value of US$2.7 Bn in 2023 to US$6.1 Bn by the end of 2030.

Attributes

Key Insights

Shutter Image Sensor Market Size (2023E)

US$2.7 Bn

Projected Market Value (2030F)

US$6.1 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

12.2%

Historical Market Growth Rate (CAGR 2018 to 2022)

10.6%

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Market Introduction and Definition

The shutter image sensor market is expanding due to the increasing use of these sensors in consumer electronics, such as digital cameras, wearable technology, smartphones, and tablets. As technology progresses, shutter image sensors are becoming more and more popular because of their capacity to produce high-quality, distortion-free photos and videos in small consumer electronics. Manufacturers of shutter image sensors stand to gain a great deal from the shrinking of camera modules, the growing need for multi-camera systems in smartphones, and the incorporation of cameras into new consumer electronics.

Shutter image sensors are growing in contemporary cars' surround view, in-cabin monitoring, advanced driver assistance systems (ADAS), and rearview cameras. Stricter safety regulations and an increasing global demand for self-driving cars are driving up the adoption of shutter image sensors by increasing the use of computer vision capabilities in automobiles. Automotive applications benefit greatly from shutter image sensors since they can take distortion-free pictures of moving objects. Positive trends for the shutter image sensor market include rising sales of electric vehicles and top manufacturers' autonomous driving concept cars.

Additionally, shutter image sensors are predicted to find new uses in robotics, drones, AR/VR systems, biomedical devices, security & surveillance, and robotics, opening up new business opportunities for producers. They are appropriate for surveillance systems due to their rapid capturing speed. As robotics and drone technology advance, shutter image sensors will likely be used more frequently for navigation, mapping, and analytics applications. The market for shutter image sensors is expected to increase due to the introduction of cutting-edge imaging equipment in the medical field.

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Market Growth Drivers

Rising Demand for High-quality Imaging

The increasing need for high-quality images is the main driver propelling the growth of the shutter image sensor market. Consumers increasingly expect high-quality images and videos from their devices, including smartphones, digital cameras, and other imaging devices. This demand is fueled by the desire for visually appealing content and immersive experiences. The popularity of social media platforms, blogging, and content creation has led to a surge in demand for imaging devices that can capture high-resolution photos and videos. This trend is especially prominent among younger demographics.

Ongoing advancements in image sensor technologies, including higher megapixel counts, improved low-light performance, and enhanced image processing capabilities, contribute to delivering high-quality imaging experiences. Beyond consumer electronics, there is a growing demand for high-quality imaging in professional and industrial applications. This includes applications in medical imaging, surveillance, automotive safety systems, and industrial automation, where image sensors play a crucial role.

In addition, integrating image sensors in emerging technologies such as augmented reality (AR) and virtual reality (VR) further emphasizes the need for high-quality imaging to create realistic and immersive experiences. Manufacturers and developers prioritize high-quality imaging to provide users with enhanced and satisfying experiences. This is evident in the continuous improvement of camera capabilities in smartphones and other devices.

The demand for high-quality medical imaging for diagnostics and surgery is rising in the healthcare sector. Advanced image sensors contribute to improved clarity and precision in medical imaging applications. The need for clear and detailed imagery in security and surveillance applications, including facial recognition and object detection, is a key factor driving the demand for high-quality image sensors.

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Market Restraints

Expensive Initial Investment

Implementing advanced manufacturing processes to produce high-quality shutter image sensors can be expensive. This includes using precision machinery and specialized facilities, leading to higher production costs. High-quality materials, especially those that enhance sensor performance, can contribute to increased production costs.

Advanced materials and technologies often come with a premium price. High initial costs can be challenging to offset, especially low production volumes. Achieving economies of scale becomes crucial to making the technology more cost-effective, but it may take time to reach this stage.

Technological Challenges

The demand for higher resolution and smaller form factors requires manufacturers to increase pixel density while maintaining image quality. Achieving this balance can be challenging due to limitations in pixel size and sensor dimensions. Achieving optimal performance in low-light conditions is an ongoing challenge.

Improving sensitivity without compromising image quality is crucial, especially in surveillance and automotive imaging applications. Image sensors in battery-operated devices, like smartphones and IoT devices, must balance high performance with low power consumption. Developing energy-efficient sensors without sacrificing image quality is a continuous challenge.

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Opportunities

Rising Demand for Surveillance and Security Systems

Growing concerns about security threats at the individual and organizational levels drive the need for more advanced and capable surveillance systems. The trend toward urbanization and the implementation of smart city initiatives globally contribute to the increased deployment of surveillance and security systems for public safety and crime prevention.

Stringent regulations and standards related to security and surveillance, imposed by governments and regulatory bodies, mandate using advanced technologies, including high-quality image sensors, in security systems. Ongoing technological advancements, including the integration of high-resolution cameras and sophisticated image processing capabilities, enhance the effectiveness of surveillance systems, driving the demand for advanced image sensors.

Moreover, integrating Artificial Intelligence (AI) and analytics in surveillance systems requires high-quality image sensors to detect, recognise, and analyse objects and events accurately. Security concerns around critical infrastructure, such as airports, transportation hubs, and energy facilities, contribute to the demand for advanced surveillance systems that rely on high-performance image sensors.

Businesses and enterprises increasingly invest in advanced security systems to protect their assets, employees, and sensitive information, boosting the demand for high-quality imaging in surveillance cameras. The growing awareness of home security and the availability of smart home solutions drive the demand for surveillance systems with advanced image sensors for residential applications.

Analyst’s Viewpoint

The market for shutter image sensors is expected to grow in the upcoming years. The market is expected to develop significantly because high-performance imaging solutions are increasingly in demand across many industries. Innovation is anticipated to be spurred by technological advancements, particularly in creating quicker and more effective shutter mechanisms. The growing applications of shutter image sensors in fields such as photography, automotive, and surveillance contribute to the positive outlook. As consumers seek enhanced image quality and faster shutter speeds, manufacturers will likely invest in research and development to meet these evolving demands.

Additionally, integrating shutter image sensors in smartphones and other mobile devices is anticipated to be a key factor propelling market expansion. Moreover, the rise of AI, and machine learning in image processing will create new opportunities for shutter image sensor applications. The market's future success will likely hinge on its ability to adapt to emerging technological trends and provide cost-effective solutions. Overall, the outlook for the shutter image sensor market appears optimistic, driven by ongoing technological advancements and an expanding range of applications.

Supply-side Dynamics

Japan is a leading producer of high-quality shutter image sensors, renowned for their advanced technology and innovation. Companies like Sony, Canon, and Panasonic are at the forefront of the industry, consistently pushing the boundaries of performance and capabilities. Sony, in particular, stands out as a global leader, holding a dominant position in the CMOS image sensor market. Their Pregius and Pregius S series of global shutter image sensors are particularly well-regarded for their high speed, low noise, and exceptional image quality.

South Korea is another major shutter image sensor industry producer, boasting a strong presence in both CMOS and CCD technologies. Samsung and SK Hynix are the two leading players, showcasing their sensor design and manufacturing expertise. Samsung's ISOCELL sensors are widely used in smartphones, while SK Hynix's image sensors cater to various applications, including automotive, industrial, and medical imaging. China is the world's largest consumer of Shutter Image Sensors, accounting for over 50% of global consumption. This is due to the country's large electronics manufacturing industry, which produces many devices that use Shutter Image Sensors, such as smartphones, cameras, and laptops. China is the world's largest smartphone market, driving the demand for Shutter Image Sensors. In 2017, China shipped an estimated 300 million smartphones, expected to grow to 400 million by 2022.

Market Segmentation

Which is the Largest Technology Segment in the Market?

CMOS Image Sensor Remains the Largest Technology Segment

The technology segment is segmented into the CMOS image sensor, CCD image sensor, and others. Smartphones use CMOS image sensors to capture high-quality photos and videos. They support features such as autofocus, image stabilization, and low-light performance. Both compact digital cameras and professional DSLRs often utilize CMOS image sensors for their imaging capabilities.

Nonetheless, the CCD image sensor segment of the shutter image sensor market is expanding at the quickest rate. CCD sensors are often used in astronomical imaging because they capture faint light over long exposure times. They are employed in telescopes and observatories for capturing high-resolution images of celestial objects.

Which is the Most Sought-after Processing Type Category?

3D Image Sensor Prominent as it Gains Traction in Automotive Applications

The processing type segment is bifurcated into 2D image sensor, 3D image sensor, 4D image sensor, and others. The 3D image sensor market segment is the largest for shutter image sensors. The automotive industry's increasing integration of advanced driver assistance systems (ADAS) and in-cabin sensing technologies fuels the demand for 3D image sensors. These sensors contribute to applications such as gesture-based controls, driver monitoring, and collision avoidance systems.

Nevertheless, the market segment exhibiting the most rapid growth is the 2D image sensor. The need for 2D image sensors is driven by automation and machine vision in industrial settings for process monitoring, quality control, and inspection. These sensors are necessary to take precise pictures of products and components during production.

Which Area of Spectrum will be in Focus?

Emphasis on Visible Light Gauging Spectrum will be the Maximum Owing to the Pace of Industrial Automation, and Robotics Adoption

The spectrum segment is sub-segmented into visible light, invisible light, and others. Visible light is the greatest market segment for the shutter image sensor industry. Due to robotics and automation applications, visible light shutter image sensors are in high demand in industrial environments. These sensors are utilized in manufacturing operations for navigation, object detection, and quality control.

On the contrary, the market segment characterized by the most rapid growth is invisible light. Invisible light shutter image sensors are becoming increasingly popular due to the need for improved security and surveillance systems. These sensors' ability to take pictures in the ultraviolet or infrared range improves vision in low- or no-light conditions.

Which is the Dominant Array Type Segment?

Linear Image Sensors Dominant Owing to Rising Barcode Scanning and Object Detection

The array type segment is categorized into linear image sensor, area image sensor, and others. Linear image sensor occupies the highest market share. Linear image sensors are widely used in barcode scanners and object detection systems. The ability to capture a continuous line of data makes linear sensors efficient for applications requiring rapid barcode reading and precise object detection in industrial and retail settings.

In contrast, the area image sensor market segment is expanding quickly. The healthcare industry uses Area image sensors in digital radiography, CT scanners, X-ray machines, and other medical imaging equipment. The high-quality medical images captured for diagnosis and therapy planning are made possible by these sensors.

What is the Key Application Area?

Smartphones & Tablets Represent the Top Application Area

The application segment is categorized into smartphones & tablets, wearable devices, drones, AR/VR devices, vehicles & transportation, medical devices, and others. Smartphones & tablets are expected to dominate the market. Consumers' increasing emphasis on capturing and sharing high-resolution photos and videos through mobile devices propels the demand for shutter image sensors with higher megapixel counts.

High-resolution imaging is a key factor in the competitiveness of smartphones and tablets. In contrast, the wearable devices market segment is expanding quickly. Shutter image sensors in smartwatches and fitness trackers enhance their functionality by allowing users to capture photos and videos directly from their wearable devices. This contributes to a more comprehensive user experience.

Top Regional Markets

Asia’s Exploding Smartphone Market will Uphold Leadership of Asia Pacific

The Asia Pacific region has consistently demonstrated high rates of smartphone adoption. This widespread use of smartphones contributes to a substantial demand for advanced camera technologies, where high-quality image sensors play a crucial role. As consumers in the Asia Pacific region become more tech-savvy, there is a heightened demand for smartphones with advanced camera capabilities. This includes high resolution, low-light performance, and advanced image processing.

The growing middle-class population in many Asia Pacific countries has increased disposable income. This has led to higher demand for premium smartphones with sophisticated imaging capabilities, driving the need for advanced image sensors.

North America Advances with Ascending Demand for Medical Imaging Technologies

The increasing demand for high-quality medical images for diagnostic purposes requires advanced image sensors capable of delivering superior resolution, sensitivity, and dynamic range. In North America, this trend towards minimally invasive surgical procedures, such as endoscopy, laparoscopy, and catheter-based interventions, has been accelerating the demand for compact and high-resolution image sensors over the recent past.

Image sensors play a crucial role in real-time imaging applications, such as fluoroscopy and interventional radiology, where the ability to capture high-speed and high-quality images is essential for procedural guidance. In medical research and diagnostics, adopting digital pathology and high-resolution microscopy requires advanced image sensors for capturing and analyzing detailed cellular and tissue-level images.

Competitive Intelligence and Business Strategy

Prominent organizations, including Sony, and Canon, are at the vanguard of this sector; Sony has a strong business strategy for the shutter image sensor market based on innovation, customer focus, and global expansion. The company is the market leader, committed to continuous product innovation and invests heavily in R&D to create cutting-edge shutter image sensors that meet the evolving needs of the industry. The company focuses on developing high-performance, reliable, cost-effective sensors that cater to various applications.

Sony is strictly committed to quality and reliability in their products and services. They adhere to international standards, undergo rigorous testing and certification procedures, and implement stringent quality control measures. This focus on quality has earned them a reputation for providing dependable and long-lasting imaging and sensing solutions.

Canon has embarked on a global expansion strategy to establish a strong presence in key markets worldwide. They tailor their approach to each region, considering local preferences, regulatory requirements, and market dynamics. They have established sales centres, technical support teams, and research and development facilities in various countries to provide localized services and address the specific needs of regional customers. This has allowed them to overcome language barriers, adapt to cultural differences, and build strong relationships with local partners and customers.

Key Company Developments

New Product Launch

The new OS03B10 CMOS image sensor, which OMNIVISION launched in March 2022, provides IP, HD analogue cameras, security surveillance, and high-definition (HD) video in a 3-MP 1/2.7-inch optical size.

Market Impact: The launch of the OS03B10 CMOS image sensor by OmniVision in March 2022 is expected to positively impact the market for security surveillance, IP, and HD analogue cameras. These advantages are expected to make the OS03B10 a popular choice for camera manufacturers, which will drive demand for the sensor. This could lead to increased revenue for OmniVision and its partners. In addition to the direct impact on the camera market, the launch of the OS03B10 could also have a broader impact on the security industry. For example, the improved image quality and low-light performance of the new sensor could lead to the development of new security applications, such as facial recognition and object tracking.

(Source: Sensor Solutions)

Sony Semiconductor Solutions Corporation, a division of the Sony Group, created the 2-layer transistor pixel-stacked CMOS image sensor technology in December 2021. This novel technology separates photodiodes and pixel transistors on different substrate layers. Compared to conventional image sensors, the architecture nearly doubles the saturation signal level, expands the dynamic range, and reduces noise, which greatly improves imaging quality. The technology's pixel structure aims to enable pixels at both current and smaller pixel sizes to preserve or enhance their current features.

Market Impact: Sony Semiconductor Solutions Corporation is expected to gain a competitive advantage in the image sensor market due to its early development of this new technology. The company is well-positioned to capitalize on this advantage and increase its market share in the coming years.

(Source: The Print)

Shutter Image Sensor Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Technology
  • Processing Type
  • Spectrum
  • Array Type
  • Application
  • Region

Key Companies Profiled

  • Sony
  • Samsung
  • OmniVision
  • ON Semiconductor
  • Canon
  • SK Hynix
  • STMicroelectronics
  • Panasonic
  • Teledyne Technologies
  • Hamamatsu Photonics

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

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Shutter Image Sensor Market Research Segmentation

By Technology:

  • CMOS Image Sensor
  • CCD Image Sensor
  • Others

By Processing Type:

  • 2D Image Sensor
  • 3D Image Sensor
  • 4D Image Sensor
  • Others

By Spectrum:

  • Visible Light
  • Invisible Light
  • Others

By Array Type:

  • Linear Image Sensor
  • Area Image Sensor
  • Others

By Application:

  • Smartphones & Tablets
  • Wearable Devices
  • Drones
  • AR/VR Devices
  • Vehicles & Transportation
  • Medical Devices
  • Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • Sony
  • Samsung
  • OmniVision
  • ON Semiconductor
  • Canon
  • SK Hynix
  • STMicroelectronics
  • Panasonic
  • Teledyne Technologies
  • Hamamatsu Photonics

- Frequently Asked Questions -

The global shutter image sensor market is anticipated to grow at a CAGR of 12.2% during the projected period.

The shutter image sensor market is valued at US$2.7 Bn as of 2023.

India currently holds the largest market share in the year 2023.

Some of the prominent players in the market are Sony, Samsung, OmniVision, ON Semiconductor, Canon, SK Hynix, STMicroelectronics, Panasonic, Teledyne Technologies, and Hamamatsu Photonics.

The CCD image sensor segment is expected to grow at the fastest rate during the forecast period.

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