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  • Published On : Sep 2023
  • Code : CMI6357
  • Pages : 160
  • Formats :
      Excel and PDF
  • Industry : Semiconductors

The Global Shutter Image Sensor market size was valued at US$ 28.82 billion in 2023 and is expected to reach US$ 67.79 billion by 2030, grow at a compound annual growth rate (CAGR) of 13% from 2023 to 2030.

Shutter image sensors are a type of image sensor that can capture fast-moving objects with minimal motion blur. They utilize a global electronic shutter that exposes the entire image at the same time, unlike rolling shutters that scan line-by-line. Key drivers of the market include the growing adoption in consumer electronics and automotive industries along with advancements in image sensor technology.

The Shutter Image Sensor Market is segmented by technology, processing type, spectrum, array type, vertical, application, and region. By technology, the CMOS image sensor segment accounted for the largest share of the market in 2022. CMOS image sensors offer advantages like low power consumption, high speed, and lower costs which make them suitable for integration in various electronic devices. Their adoption is expected to continue growing over the forecast period.

Shutter Image Sensor Market Regional Insights

  • North America is expected to be the largest market for Shutter Image Sensor Market during the forecast period, accounting for over 30% of the market share in 2022. The growth of the market in North America is attributed to early adoption of advanced camera technologies and significant R&D activities by leading manufacturers in the region.
  • The Asia Pacific market is expected to be the second-largest market for Shutter Image Sensor Market, accounting for over 45% of the market share in 2022. The growth of the market in is attributed to the presence of key manufacturers and increasing demand from consumer electronics and automotive sectors in countries like China, Japan, and South Korea.
  • The Europe market is expected to be the fastest-growing market for Shutter Image Sensor Market, with a CAGR of over 20% during the forecast period. The growth of the market in Europe is attributed to the growing adoption in applications like machine vision systems, robotics, and industrial automation.

Figure 1. Global Shutter Image Sensor Market Share (%), by Region, 2023

SHUTTER IMAGE SENSOR MARKET

Shutter Image Sensor Market Drivers:

  • Growing adoption in consumer electronics industry: The growing adoption of shutter image sensors in consumer electronics such as smartphones, tablets, digital cameras, wearable devices is a major factor driving the growth of the shutter image sensor market. With technological advancements, shutter image sensors are gaining traction for their ability to provide distortion-free high resolution images and videos in compact consumer electronic devices. The miniaturization of camera modules along with rising demand for multi-camera systems in smartphones and integration of cameras in emerging consumer devices creates significant opportunities for shutter image sensor manufacturers.
  • Increasing utilization in automotive applications: Shutter image sensors are being increasingly utilized in advanced driver assistance systems (ADAS), in-cabin monitoring systems, surround view systems, rear view cameras in modern automobiles. Stringent safety norms and growing demand for autonomous vehicles globally is resulting in increased implementation of computer vision capabilities in cars, which is boosting the uptake of shutter image sensors. The ability of shutter image sensors to capture distortion-free images of fast moving objects makes them ideal for automotive applications. Growing electric vehicle sales and autonomous driving concept cars by leading automakers provides a positive outlook for the shutter image sensor market.
  • Proliferation of industrial automation and robotics: The growing trend of automation and robotics across manufacturing, healthcare, agriculture, food & beverage, and other industries is driving the demand for vision systems and shutter image sensors for inspection, guidance, quality control and identification applications. Shutter image sensors allow industrial cameras to capture fast moving objects on production lines accurately and are being increasingly integrated in machine vision systems. The rising need for automation across various sectors is expected to spur the adoption of shutter image sensors in the coming years.
  • Emergence of new application areas: Shutter image sensors are expected to find new application areas such as security & surveillance, biomedical devices, AR/VR systems, drones and robotics, creating growth avenues for manufacturers. Their high speed capturing capability makes them suitable for surveillance systems. Advancements in drone and robotics technologies are expected to increase the implementation of shutter image sensors for navigation, mapping and analytics purposes. The introduction of innovative imaging devices in medical industry also favors the growth outlook of the shutter image sensor market.

Shutter Image Sensor Market Opportunities:

  • Rising adoption in emerging economies: The growing population, improving economic conditions and technological advancements in emerging economies such as China, India, Brazil, Mexico, Indonesia are creating new opportunities for shutter image sensor manufacturers. The consumer electronics and automotive sectors are expected to exhibit substantial growth in these countries, thereby spurring the demand for shutter image sensors. Local manufacturing initiatives by governments coupled with growing application areas positions emerging markets as high growth regions for shutter image sensor companies.
  • Development of innovative technologies: The introduction of next-generation image sensor technologies presents new growth prospects for market players. For instance, the emergence of global shutter technologies with advanced architectures such as stacked, high dynamic range, backside illumination, 4D depth sensing provides benefits of higher resolution, faster speeds, lower noise in shutter image sensors. Graphene-based image sensors also offer advantages of being lightweight and flexible. Investments in R&D for enhancing performance parameters and new capabilities opens up future opportunities.
  • Rising adoption in healthcare applications: Shutter image sensors are expected to find increasing applications in the healthcare industry for capsule endoscopes, surgical robotics, microscopy devices enabling faster disease detection and surgical procedures. Their ability to capture distortion-free, high speed images of inner organs makes them useful for healthcare. Partnerships among sensor companies and medical device manufacturers are expected to result in innovative shutter image sensors catered to medical applications.
  • Implementation in space systems: The adoption of shutter image sensors is rising for earth observation, space research and satellite applications. Key advantages include ability to capture fast moving objects like stars and planets accurately. Collaborations between space agencies and sensor companies to develop shutter image sensors for space probes, rovers, satellites focused on climate monitoring and interplanetary exploration provides growth opportunities.

Shutter Image Sensor Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 28.82 Bn
Historical Data for: 2018 to 2021 Forecast Period: 2023 - 2030
Forecast Period 2023 to 2030 CAGR: 13% 2030 Value Projection: US$ 67.79 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:
  • 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 Vertical: Consumer Electronics, Automotive, Security & Surveillance, Industrial, Entertainment, Others 
  • By Application: Smartphones & Tablets, Wearable Devices, Drones, AR/VR Devices, Vehicles & Transportation, Medical Devices, Others
Companies covered:

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

Growth Drivers:
  • Growing adoption in consumer electronics industry
  • Increasing utilization in automotive applications
  • Proliferation of industrial automation and robotics
  • Emergence of new application areas
Restraints & Challenges:
  • High initial costs
  • Technological limitations
  • Supply chain disruptions

Shutter Image Sensor Market Trends:

  • Miniaturization and integration: The miniaturization of image sensors with smaller pixel sizes and high resolution capabilities along with easy integration due to packaging improvements are key trends in the shutter image sensor market. The demand for more compact cameras in smartphones and embedded vision systems requires further size reduction. Wafer-level packaging, 3D stacking are enabling the manufacturing of tiny shutter image sensors. These trends allow increased adoption across consumer devices.
  • Shift towards CMOS technology: The shift from CCD image sensors to CMOS image sensors is an ongoing trend in the shutter image sensor market due to advantages such as low power consumption, faster readout capability and ease of integration offered by CMOS. Most key companies are focused on enhancement of CMOS image sensors with global shutter functionality to meet end-user demand. The improvements in CMOS fabrication due to wafer-scale production further augments this trend.
  • Transition to higher resolutions: The migration to higher resolution image sensor technologies beyond 2K, 4K to 5K and 8K along with larger sensor formats is a noticeable trend, especially for applications requiring enhanced image quality. The usage of larger photodiodes and advanced semiconductor fabrication aids development of high resolution shutter image sensor capabilities. This allows sharper, ultra-high definition image and video capture.
  • Increasing integration of AI capabilities: The increasing on-chip integration of artificial intelligence and machine learning capabilities in image sensors is gaining traction. This provides benefits like advanced analytics at the edge, faster processing speeds and data compression. Investments in AI by leading image sensor manufacturers for enabling smarter vision capabilities in devices drives this trend.

Shutter Image Sensor Market Restraints:

  • High initial costs: The complex manufacturing process of shutter image sensors using specialized semiconductor fabrication techniques results in high initial costs. Significant capital investments are required by companies to set up sensor manufacturing facilities. End users also face high costs for integrating shutter image sensors in devices compared to alternatives like rolling shutters. This can restraint adoption by cost-sensitive consumer device makers.
  • Technological limitations: Certain limitations of current shutter image sensor technologies such as lower fill factors, photodiode crosstalk issues, higher noise in low light affect image quality. This can hamper adoption in high-end photography and industrial applications with stringent requirements. Overcoming these technological barriers requires substantial investments in R&D which can restrain market growth.
  • Supply chain disruptions: The image sensor supply chain has witnessed constraints recently including chip shortages, wafer fab capacity limitations, raw material price fluctuations. Shutter image sensors require advanced semiconductor foundries for manufacturing. Disruptions in wafer fab operations or raw material supplies can reduce shutter image sensor availability. This supply-demand imbalance can temporarily affect their adoption across devices. Building resilient supply chains remains a challenge.

Recent Developments

New product launches

  • In September 2022, Sony announced the launch of its new image sensor IMX858 with global shutter function for industrial equipment and inspection cameras. The sensor provides high-speed imaging and minimizes image distortion.
  • In January 2022, ON Semiconductor introduced its AR0234CS image sensor with a 1-Megapixel resolution global shutter for driver monitoring systems and occupant sensing in automotive. It captures distortion-free images of moving objects.
  • In November 2021, Samsung announced its new ISOCELL Auto 4AC image sensor with a 1.0-micrometer pixel size for rear-view cameras in vehicles. It captures quality images even in low light conditions.

Acquisition and partnerships

  • In October 2022, Sony acquired a minority stake in image sensor fabrication company Taiwan Semiconductor Manufacturing Co. to increase production of image sensors amid supply chain constraints. This strengthened Sony's image sensor business.
  • In June 2021, ON Semiconductor partnered with Ambarella to develop advanced driver assistance system and autonomous vehicle solutions using ON's image sensors and Ambarella's AI vision SoCs. This accelerated innovation for intelligent automotive systems.
  • In January 2021, Samsung acquired image sensor company OmniVision's Nyxel NIR technology to enhance its image sensor capabilities for automotive and other applications. This strengthened Samsung's NIR sensor portfolio.

Figure 2. Global Shutter Image Sensor Market Share (%), By Array Type, 2023

SHUTTER IMAGE SENSOR MARKET

Top companies in Shutter Image Sensor Market

  • 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

Definition: The Shutter Image Sensor Market refers to the global market for image sensors that utilize a global shutter technique to capture distortion-free images of fast moving objects. Unlike rolling shutter image sensors, global shutter image sensors expose the entire image frame at once.

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Frequently Asked Questions

High manufacturing and R&D costs, export control regulations, intense competition among players, complex design process.

Growing adoption in consumer electronics, emergence of industry 4.0 and IoT, advancements in image sensor technology, rising demand in automotive industry.

The CMOS image sensor segment accounted for the largest share of the market owing to its benefits like low power consumption and integration capability.

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

Asia Pacific is expected to lead the market during the forecast period.

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