Electronic Shutter Technology Market
The global electronic shutter market is growing at a rapid pace. The market growth attributes to the increased adoption of electronic shutter components in various consumer electronic devices. Besides, the increasing adoption of electronic shutter technology in automotive, retail, and other industries drives the market growth. Increasing integration of shutter technology with coupled device (CCD) and complementary metal-oxide semiconductor (CMOS) escalates market growth.
According to Market Research Future (MRFR), the global electronic shutter market is poised to create substantial value by 2023, growing at an impressive CAGR throughout the assessment period (2018-2023). Increasing usages of charged coupled device (CCD) and complementary metal-oxide semiconductor (CMOS) image sensors to improve digital images capturing substantiate the market growth. Besides, increasing sales of highly sensitive to low light and noise, CMOS sensors push market growth.
Additionally, increasing adoption of CMOS sensors in high-speed cameras used for security surveillance purposes to improve access control and passport checks boost the market growth. Furthermore, growing usages electronic shutter technology used in sports entertainment for real-time recording and analysis and obtaining slow-motion videos of fast movements accelerate the market growth. Moreover, increasing usages of image sensors in intelligent transport systems (ITS) to monitor and control traffic systems push market growth.
However, technical issues of CCD image sensors, such as the requirement of additional pixel memory, are key factors likely to impede market growth. Some of the major drawbacks of CCD sensors are complex design, high energy consumption, and a limited sensor resolution capability, resulting in blooming effects during overexposure.
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Global Electronic Shutter Market - Segmentations
The report is segmented into four dynamics;
By Technology : CMOS sensors and CCD sensors.
By Shuttering Type: rolling and global.
By Application : Consumer Electronics, Broadcast, Automotive, Retail, Government, Surveillance, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Electronic Shutter Market - Regional Analysis
North America leads the global electronic shutter market. The largest market share attributes to advances in electronic shutter technology. The region witnesses extensive innovation and the adoption of new technologies. Besides, the adoption of drones and access control systems drive the regional market growth, creating a massive demand for advanced electronic shutter technology to advance security and surveillance system.
Moreover, high consumer awareness and adoption of advanced technologies in smartphones DSLR cameras foster the electronic shutter technology market size. Also, the presence of several notable industry players increases the growth of the regional market. The North American electronic shutter market is expected to retain its dominance throughout the forecast period.
Europe stands second in the global electronic shutter market. The market is driven by the vast contributions from the well-defined markets of the UK and Germany. Additionally, the increasing adoption of industry-standard impacts the market growth positively, increasing productivity, maintaining the quality, and reducing the time required. Greater adoption of electronic shutter technology in high-speed cameras boosts the development of the regional market.
Besides, the rising demand from burgeoning industries, such as consumer electronics, broadcast, automotive, retail, government, and surveillance, increases the region's electronic shutter technology market share. Also, the expanding use of machine vision techniques and robotics in the manufacturing and service sectors pushes the market growth in the region. The European electronic shutter market is projected to witness remarkable growth during the expected period.
The Asia Pacific region is also a lucrative market for electronic shutter, which is growing rapidly. Factors such as the presence of major manufacturers such as SK Hynix, Samsung, Toshiba, and Panasonic, who increasingly bring advanced electronic shutter technologies, drive the regional market growth. Moreover, substantial investments by technology providers foster the growth of the market. Also, the increasing adoption of consumer electronics, such as smartphones and cameras, substantiates market growth.
India, South Korea, China, and Japan are the major markets for electronic shutter technology. Greater adoption of the technology in rapidly growing sectors, such as consumer electronics and automotive, substantiate the growth of the regional market.
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Global Electronic Shutter Market - Competitive Landscape
Highly competitive, the global electronic shutter market appears fragmented due to the presence of several key players. They incorporate strategic approaches, such as mergers acquisitions, expansion, collaboration, and product technology launch, to gain a larger competitive share. Also, these players make substantial investments to transform the consumer and business landscape. Besides, sizable RD investments in developing advanced technologies different their rivals and strive to deliver power-efficient, lightweight cameras.
Players leading the electronic shutter market include Himax Technologies Inc. (Taiwan), Sony Corporation (Japan), Galaxycore Inc. (China), OmniVision Technologies Inc. (US), SK Hynix Inc. (South Korea), Samsung (US), Canon Inc. (Japan), Toshiba Corporation (Japan), Panasonic Corporation (Japan), and Apple Inc. (US), among others.