Shutter Image Sensor Market is Estimated to Witness High Growth Owing to Opportunity in Autonomous Vehicles

Shutter image sensors have high photosensitivity and low power consumption features. These sensors are widely used in mobile phones, tablets, laptops, drones, vehicles, and security cameras owing to their compact size and capability to operate efficiently in low lighting conditions. The increasing use of electronic devices across various sectors has fueled the demand for shutter image sensors. The Global Shutter Image Sensor Market Size is estimated to be valued at US$ 33.21 Billion 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 key trends:

The expanding base of smartphone users around the world is accelerating the growth of the shutter image sensor market. According to the recent study by SMU DataFort, the number of smartphone users globally is expected to reach 7 billion by 2025. Shutter image sensors deliver high-quality images and videos and enable various camera features in mobile phones such as portrait mode, night mode, and video recording capabilities. The rising penetration of advanced camera-centric smartphones is thus driving the demand for shutter image sensors significantly. The incorporation of multiple shutter image sensors in high-end smartphones for collecting supplemental data inputs is also fueling the market growth.

Segment Analysis
The global shutter image sensor market is dominated by the complementary metal-oxide semiconductor (CMOS) image sensor segment. CMOS image sensors offer better image quality, high dynamic range, and low power consumption compared to charge-coupled device (CCD) image sensors. Hence, they are widely used in smartphones, tablets, and DSLR cameras. The automotive segment is expected to witness the fastest growth during the forecast period owing to the increasing adoption of ADAS features such as surround view system, blind-spot detection, lane departure warning system, and backup cameras in vehicles.

Key Takeaways
The global shutter image sensor market is expected to witness high growth during the forecast period.

Regional analysis shows that Asia Pacific dominates the global market and is expected to continue its dominance during the forecast period. High production of consumer electronics and increasing vehicle manufacturing are some of the key factors propelling the growth of the shutter image sensor market in Asia Pacific.

Key players operating in the shutter image sensor market are Nexeon Limited, Enevate Corporation, OneD Material, XG Sciences Inc., Nanotek Instruments, Inc., Zeptor Corporation. Nexeon Limited develops silicon anode materials for lithium-ion batteries used in electric vehicles and battery storage applications. Enevate Corporation focuses on developing silicon-based anode material and cells for electric vehicles.

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