The Electronic Shutter Technology Market size was valued at USD 30.1 Billion in 2022. The electronic shutter technology industry is projected to grow from USD 32.05 Billion in 2023 to USD 53.05 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2032). Rising usages of sensors for industrial video applications, including CCTV systems or camcorders for capturing moving objects, growing demand for high resolution in digital cameras and utilization of image sensors in biometric systems are the key market drivers enhancing the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The rising demand for multiple cameras in mobile devices is driving the market growth.
Market CAGR for electronic shutter technology is driven by the rising number of obese people. A person who is obese has an abnormally high level of fat in their body, which could be harmful to their health. With a significant impact on worldwide mortality and morbidity, obesity has recently emerged as a public health concern on a global scale. Since weight loss supplements are largely seen as healthy ways to lose weight, it is projected that the rising number of obese people would increase demand for them.
Additionally, the rising popularity of the ADAS system is boosting the electronic shutter technology market demand from the automotive sector. The trendy automotive sector is booming rapidly by adopting cutting-edge technologies such as machine vision, asset management, artificial intelligence, and related innovative technologies. Advanced driver assistant system has a 360-degree surround camera and is gaining popularity owing to its beneficial features, including 360-degree vision, lane departure warning, electronic stability control, anti-lock brakes, traction control, and adaptive cruise control. ADAS infrastructure greatly utilizes image sensors for its machine vision technology. ADAS technology has pushed the concept of driverless cars or automated vehicles. These emerging concepts are expected to contribute significantly to increasing the adoption of electronic shutter technology and driving the demand for electronic shutter technology market revenue.
Enhanced quality of image processing techniques and imaging technologies are expected to result in the continuous development of electronic shutter technology. The electronic shutter technology functions as an electronic device qualified to recycle photons into an equivalent amount of electronic signal, thus, creating a digital image. The electronic shutter technology was initially limited to camera modules and connected imaging devices. With continued development, technological trends, including industrial automation, machine vision in robotics fields, the deployment of image sensors, and the adoption of advanced driver assistant systems (ADAS) in the automotive sector in various areas, have gained popularity.
Moreover, the recent advancements in technology and the growing number of digital photography platforms and social media platforms have created new opportunities for the vendors in the market studied. The numerous product launches with feature upgrades in recent years, along with newer payment methods and camera services, are expected to aid the market's growth. Major players, such as Nikon, Sony, Canon, and Fujifilm, are introducing innovations in mirrorless cameras and are highly optimistic about their adoption.
The Electronic Shutter Technology Market segmentation, based on technology, includes CMOS sensors and CCD sensors. The CMOS sensors segment dominated the market, accounting for 35% of market revenue (11.21 Billion). In developing economies, category growth is driven by the expanded usage of cameras with image sensors in smartphones globally has helped the consumer electronics industry. However, CCD sensors are the fastest-growing category due to the adoption of CCD image sensors for automatic optical inspection (AOI) and the better camera facility in the smartphone industry.
The Electronic Shutter Technology Market segmentation, based on shuttering type, includes rolling and global. The rolling category generated the most income (70.4%) due to the introduction of premium smartphones with high-resolution lenses. However, global is the fastest-growing category as the global shutter camera is mainly used for capturing high-speed moving objects without artifacts and motion blur.
Figure 1: Electronic Shutter Technology Market, by Shuttering Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Electronic Shutter Technology Market segmentation, based on application, includes consumer electronics, broadcast, automotive, retail, government, surveillance, and others. The consumer electronics category generated the most income due to the increasing need for high-quality images and the availability of various types of sensors utilized in tablets, handsets, and motion-based image sensor applications. However, surveillance is the fastest-growing category due to an increase in the use of image sensor devices in biometrics by vehicle driver assistance systems, security and surveillance devices.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American electronic shutter technology market will dominate due to the strong presence of the consumer electronics market, which is fueling the utilization of mobile camera modules and other movable devices at high speed, driving market growth in this region. Further, the US electronic shutter technology market held the largest market share, and the Canadian electronic shutter technology market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Electronic Shutter Technology Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's electronic shutter technology market accounts for the second-largest market share due to growing technological advancement and surging levels of investment in research and development activities in this region. Further, the German electronic shutter technology market held the largest market share, and the UK electronic shutter technology market was the fastest-growing market in the European region.
The Asia-Pacific electronic shutter technology market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the region's increased disposable income, enthusiasm for photography and the rising number of destination and big wedding events. Moreover, China’s electronic shutter technology market held the largest market share, and the Indian electronic shutter technology market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the electronic shutter technology market grow even more. Market participants are also undertaking several strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the electronic shutter technology industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global electronic shutter technology industry to benefit clients and increase the market sector. Major players in the electronic shutter technology market, including General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to expand market demand by investing in research and development operations.
STMicroelectronics NV is a manufacturer and provider of semiconductors. The firm develops and markets a wide range of products, such as custom devices and semi-custom devices ], discrete and standard commodity components, and application-specific standard and integrated circuits. It also produces and sells power modules, switches, clocks, data converters, automotive ADAS devices, imaging and photonics solutions, silicon chips and smartcards. STM uses various chip fabrication technologies, such as advanced FD-SOI, CMOS, embedded non-volatile memories, RF-SOI, optical sensing, analog and MEMS, mixed-signal, and smart power processes. It serves customers in several markets, such as industrial, automotive, computers, personal electronics, communications equipment, and peripherals. In May 2022, STMicroelectronics introduced its unique global-shutter CMOS image sensors for driver monitoring systems. The unique global-shutter sensor, VB56G4A, leverages the firm's in-house investment in manufacturing enhanced 3D-stacked back-side illuminated image sensors. These are smaller, more reliable, and more sensitive than front-side illuminated conventional sensors typically utilized in first-generation DMSs.
Sony Group Corp manufactures electronic equipment, semiconductors, medical-related equipment, instruments, and devices. The company's products include televisions, mobile phones, cameras, music systems, game consoles and software, batteries, and other electronic components. Sony produces, acquires, and distributes recorded music, motion pictures, and television programming; and operates television and digital networks. The company markets products through sales subsidiaries, distributors, and direct sales through the Internet. In October 2019, Sony Corporation launched six types of stacked CMOS image sensors. The sensors are developed by centering on industrial equipment applications. The back-illuminated pixel structure is adopted to attain a global shutter function.
AMS AG.
Canon, Inc.
Galaxy Core, Inc.
Hamamatsu Photonics K.K
Infineon Technologies AG
ON Semiconductor Corporation
OmniVision Technologies Inc.
Panasonic Corporation
PMD Technologies AG
Samsung Electronics Co. Ltd.
STMicroelectronics N.V.
SK Hynix, Inc.
Sharp Corporation
March 2021: Hamamatsu Photonics Inc S12551 series is a front-illuminated type CCD linear image sensor with a high-speed line rate designed for applications like a sorting machine. The features include pixel size: 14 × 14 μm, high CCD node sensitivity: 13 μV/e- typ., readout speed: 40 MHz max, anti-blooming function, and built-in electronic shutter. These are used in foreign object screening and high-speed imaging.
CMOS Sensors
CCD Sensors
Rolling
Global
Consumer Electronics
Broadcast
Automotive
Retail
Government
Surveillance
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 30.1 Billion |
| Market Size 2023 | USD 32.05 Billion |
| Market Size 2032 | USD 53.05 Billion |
| Compound Annual Growth Rate (CAGR) | 6.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Shuttering Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | AMS AG., Canon, Inc., Galaxy Core, Inc., Hamamatsu Photonics K.K, Sony Corporation, ON Semiconductor Corporation, Infineon Technologies AG, OmniVision Technologies Inc., Panasonic Corporation, PMD Technologies AG, SK Hynix, Inc., Samsung Electronics Co. Ltd., STMicroelectronics N.V., and Sharp Corporation |
| Key Market Opportunities | Growing demand for high resolution in digital cameras |
| Key Market Dynamics | Introduction of premium smartphones with high-resolution lenses Increasing adoption of components in various consumer electronic devices |
Electronic Shutter Technology Market Highlights:
Frequently Asked Questions (FAQ) :
The Electronic Shutter Technology Market size was valued at USD 30.1 Billion in 2022.
The global market is projected to grow at a CAGR of 6.50% during the forecast period, 2023-2032.
North America had the largest share of the global market
The key players in the market are ON Semiconductor Corporation, Panasonic Corporation, OmniVision Technologies Inc., PMD Technologies AG, SK Hynix, Inc., Samsung Electronics Co. Ltd., STMicroelectronics N.V., and Sharp Corporation.
The CMOS sensors category dominated the market in 2022.
The rolling had the largest share in the global market.
The consumer electronics category dominated the market in 2022.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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